Overview
What is Clovis Industrial Development Corporation?
The Clovis Industrial Development Corporation, located in Clovis, New Mexico, is a nonprofit organization dedicated to promoting economic growth in the local area. Their primary focus is on business retention and expansion, working closely with industries and local leaders to address their needs. Additionally, they operate the Clovis Business Incubator Center, providing small business training, entrepreneurial support, and resources through partnerships with the Chamber, the Clovis Small Business Development Center, and the PTAP Program. With a team of two dedicated individuals, the Clovis Industrial Development Corporation plays a significant role in fostering the economic development of the community.
Official website here: www.developclovis.com
What do the Facebook reviews say about Clovis Industrial Development Corporation?
98% of 19 reviewers on Facebook recommend Clovis Industrial Development Corporation. Here is a summary of their reviews:
Participants appreciate the organization's proactive role in promoting local events and happenings. Many users highlighted the importance of utilizing the Chamber's calendar when planning events, indicating that it serves as a reliable resource for community engagement.
Overall, it appears that the Clovis Industrial Development Corporation effectively supports local initiatives and provides valuable information to residents and businesses, enhancing communal activities and connections.
This AI summary has been generated from reviews found on Facebook.
Is Clovis Industrial Development Corporation legitimate?
Clovis Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Clovis 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: $82,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,231
For more financial information, click here
Official website here: www.developclovis.com
What is the mission statement of Clovis Industrial Development Corporation?
The Clovis Industrial Development Corporation is committed to fostering economic growth in its surrounding area. Its mission encompasses promoting business retention and expansion through collaboration with local leaders and firms, addressing industry needs. Additionally, the corporation operates a business incubator center, providing small business training, entrepreneurial, and start-up support in partnership with the chamber, SBDC, and PTAP program.
Official website here: www.developclovis.com
Who is the CEO of Clovis Industrial Development Corporation?
Lee Malloy is the President of Clovis Industrial Development Corporation.
Official website here: www.developclovis.com
What is the revenue of Clovis Industrial Development Corporation?
Clovis Industrial Development Corporation's revenue in 2023 was $524,513.
Official website here: www.developclovis.com
Who are the executives of Clovis Industrial Development Corporation and what are their salaries?
The average compensation at Clovis Industrial Development Corporation during 2023 was $60,699. There are 2 employees and 5 volunteers at Clovis Industrial Development Corporation.
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Official website here: www.developclovis.com
Where can I find the form 990 for Clovis Industrial Development Corporation?
Clovis Industrial Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.developclovis.com
Learn more at the official website: www.developclovis.com
Mission Statement of Clovis Industrial Development Corporation
The Clovis Industrial Development Corporation, in its mission, is dedicated to fostering economic growth in the Clovis area and its surrounding regions. This nonprofit organization pursues this objective through various initiatives, one of which is the Business Retention and Expansion Program (BREP). The BREP committee collaborates with local businesses and leaders, addressing industry demands and responding proactively to ensure the continued success and expansion of existing enterprises.
In addition to the BREP, Clovis Industrial Development Corporation operates the Clovis Business Incubator Center. This center serves as a hub for small businesses, offering training, entrepreneurial, and start-up support. The corporation forms partnerships with the local Chamber, the Clovis SBDC (Small Business Development Center), and PTAP (Procurement Technical Assistance Program) to provide comprehensive resources for aspiring entrepreneurs and small business owners. Through these initiatives, the Clovis Industrial Development Corporation is committed to stimulating economic development and fostering a thriving business environment in the area it serves.
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Impact
October, 2024
Clovis Industrial Development Corporation significantly enhances the economic landscape of Clovis and its surrounding areas. Through its Business Retention and Expansion Program (BREP), the organization collaborates with local businesses and leaders to identify and address industry needs, ensuring that companies receive the support necessary for sustainable growth.
Additionally, the Clovis Business Incubator Center plays a vital role in fostering entrepreneurship by providing essential small business training and support for start-ups. This initiative, in collaboration with local partners such as the Chamber, Clovis Small Business Development Center, and the Procurement Technical Assistance Program, empowers aspiring entrepreneurs and contributes to job creation and economic diversification in the region. Overall, their efforts are pivotal in promoting community improvement and boosting the local economy.
This information is meant to be a general summary of Clovis 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,409
- Program Service Revenue: $520,104
- Gross Receipts: $581,513
Assets and Liabilities:
- Total Assets: $2,628,460
- Total Liabilities: $507,640
- Net Assets: $2,120,820
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUSINESS ENTERPRISE CE
Revenue
$195,394
CUMMINS PROPERTY RENT
Revenue
$134,471
CIDC MEMBERSHIP DUES
Revenue
$91,750
PROGRAM INCOME
Revenue
$80,000
OTHER
Revenue
$18,489
Organization Details
Founding Year
1972
Phone
(575) 763-6600Principal Officer
Lee Malloy
Main Address
PO BOX 930, CLOVIS, NM, 88101
Website
www.developclovis.comNTEE Category
Code: S31 - Community improvement
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