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Hornell Industrial Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161191210 ✦ Hornell, NY ✦ Designated as a 501(c)(3)

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Overview

What is Hornell Industrial Development Corporation?

The Hornell Industrial Development Corporation, situated in Hornell, New York, is a nonprofit organization with the primary mission of attracting and supporting financially stable businesses to thrive and grow in the Hornell area. Their activities involve funding promotional activities aimed at showcasing the region's economic opportunities. Established with the intention of fostering business expansion, their purpose is to encourage financially sound companies to establish themselves and prosper within the community.


Official website here: www.hornellny.com

Is Hornell Industrial Development Corporation legitimate?

Hornell Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hornell Industrial Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.hornellny.com

What is the mission statement of Hornell Industrial Development Corporation?

The Hornell Industrial Development Corporation was established with the intent to encourage financially stable businesses to establish and thrive. Its primary objective is to promote Hornell as an attractive location for companies seeking to expand or establish new operations. To achieve this, the corporation actively participates in promotional activities, highlighting the economic opportunities available in the region. The ultimate goal is to stimulate economic growth and development by attracting financially sound companies.


Official website here: www.hornellny.com

Who is the CEO of Hornell Industrial Development Corporation?

Michael L Nisbet is the Board Chairman of Hornell Industrial Development Corporation. The CEO's salary of Hornell Industrial Development Corporation is $0 and their total compensation is $0.


Official website here: www.hornellny.com

What is the revenue of Hornell Industrial Development Corporation?

Hornell Industrial Development Corporation's revenue in 2022 was $1,543.


Official website here: www.hornellny.com

Who are the executives of Hornell Industrial Development Corporation and what are their salaries?

There 6 volunteers at Hornell Industrial Development Corporation.


Here are 6 key members and their salaries (Hornell Industrial Development Corporation's CEO's salary is $0 and their total compensation is $0):


David Parmley (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Flaitz (Cfo, Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Carbone (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Buckley (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Andolina Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael L Nisbet (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hornellny.com

Where can I find the form 990 for Hornell Industrial Development Corporation?

Hornell Industrial Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hornellny.com

Learn more at the official website: www.hornellny.com

Mission Statement of Hornell Industrial Development Corporation

The Hornell Industrial Development Corporation, established with a noble purpose, aims to encourage financially stable businesses to establish and thrive within the Hornell area. This organization serves as a catalyst, attracting financially sound companies to the region and fostering their growth. To achieve this mission, the Hornell Industrial Development Corporation invests in promotional activities, highlighting the economic opportunities available in the area, thereby attracting potential businesses to the region.

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Impact




October, 2024

The Hornell Industrial Development Corporation plays a crucial role in fostering economic development in the Hornell, New York area. By promoting the establishment and growth of financially sound companies, the corporation helps to create a vibrant business environment. Its initiatives focus on highlighting economic opportunities through promotional activities aimed at attracting businesses to the region. This not only supports local employment but also enhances the overall community by driving investment and improving infrastructure. As a catalyst for community improvement, the corporation contributes significantly to the economic health and vitality of Hornell, ensuring a prosperous future for its residents.




This information is meant to be a general summary of Hornell Industrial Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,543 (2022)
Expenses
$9,830 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,543
  • Gross Receipts: $1,543

Assets and Liabilities:

  • Total Assets: $365,398
  • Total Liabilities: $0
  • Net Assets: $365,398

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Organization Details

Founding Year

1962

Principal Officer

Michael L Nisbet

Main Address

40 MAIN STREET, HORNELL, NY, 14843

NTEE Category

Code: S30 - Community improvement

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