Overview
What is Anna Economic Development Corporation?
Anna Economic Development Corporation is a nonprofit organization situated in Anna, Texas. Their primary mission is to recognize and support initiatives that boost Anna's business tax base and stimulate job growth within the city. To achieve this goal, they actively seek and back opportunities that can contribute positively to the local economy. Their work focuses on fostering a thriving business environment, ultimately enhancing Anna's overall development and prosperity.
Official website here: www.annatexas.gov
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
The Anna Economic Development Corporation has achieved a commendable score of 88%, indicating strong performance in areas of accountability and finance. The organization excels in governance aspects, with 100% of board members being independent and a robust financial oversight structure in place. Additionally, the program expense ratio stands at an impressive 88.19%, reflecting a significant commitment to its mission-driven activities.
However, there are important areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, which could impact its overall transparency and accountability. Furthermore, the absence of the tax form on their website may affect public trust and accessibility to information regarding financial operations.
In summary, while Anna Economic Development Corporation demonstrates solid financial health and governance, addressing the noted deficiencies would enhance its credibility and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Anna Economic Development Corporation legitimate?
Anna Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anna Economic 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.
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For more financial information, click here
Official website here: www.annatexas.gov
What is the mission statement of Anna Economic Development Corporation?
The Anna Economic Development Corporation's mission is centered around identifying and fostering opportunities that contribute to the expansion of a city's business tax base and stimulate job growth. By supporting such prospects, the corporation aims to drive economic progress and development. Their activities are geared towards promoting a thriving business environment and creating job opportunities within the city. Their mission is instrumental in bolstering the city's economic vitality and fostering sustainable growth.
Official website here: www.annatexas.gov
Who is the CEO of Anna Economic Development Corporation?
Joey Grisham is the Director of Anna Economic Development Corporation.
Official website here: www.annatexas.gov
What is the revenue of Anna Economic Development Corporation?
Anna Economic Development Corporation's revenue in 2022 was $5,599,438.
Official website here: www.annatexas.gov
Who are the executives of Anna Economic Development Corporation and what are their salaries?
There 8 volunteers at Anna Economic Development Corporation.
Here are 9 key members and their salaries:
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- Related: $137,997
- Other: $10,922
Official website here: www.annatexas.gov
Where can I find the form 990 for Anna Economic Development Corporation?
Anna Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.annatexas.gov
Learn more at the official website: www.annatexas.gov
Mission Statement of Anna Economic Development Corporation
Anna Economic Development Corporation is a dedicated organization with a mission to identify and support opportunities that contribute to the expansion of the city's business tax base and stimulate job growth. In simpler terms, this nonprofit aims to seek out and bolster initiatives that boost the city's economic prosperity and generate employment opportunities. By taking on this role, Anna Economic Development Corporation plays a significant part in fostering the city's economic development and enhancing its overall economic health.
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Impact
October, 2024
The Anna Economic Development Corporation plays a crucial role in enhancing the economic landscape of Anna, Texas, by actively seeking and supporting initiatives that broaden the city's business tax base and foster job growth. Through strategic planning and collaboration with local businesses, the organization identifies opportunities that can lead to sustainable economic development.
By focusing on community improvement, the Anna Economic Development Corporation works to create a more vibrant local economy, increasing employment opportunities for residents and improving the overall quality of life in the community. Its efforts contribute to a more diverse economic environment, ensuring that Anna remains an attractive location for both businesses and job seekers. This proactive approach not only stabilizes the economy but also enriches the community through enhanced services and facilities resulting from increased tax revenues.
This information is meant to be a general summary of Anna Economic 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,591,272
- Gross Receipts: $5,649,438
Assets and Liabilities:
- Total Assets: $6,227,257
- Total Liabilities: $7,302
- Net Assets: $6,219,955
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Organization Details
Founding Year
2004
Phone
(214) 831-5394Principal Officer
Joey Grisham
Main Address
PO BOX 776, ANNA, TX, 75409
Website
www.annatexas.govNTEE Category
Code: S30 - Community improvement
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