Overview
What is B O O M Inc?
B.O.O.M. Inc., based in Mansfield, Pennsylvania, is a nonprofit organization committed to enhancing the local economy. Their mission is to foster industrial development by attracting new businesses and retaining existing ones in the area. They achieve this by providing grants, loans, and developing land for sale, thereby contributing to future growth. Apart from this, B.O.O.M. Inc. also supports local organizations, playing a significant role in the community's economic advancement.
Is B O O M Inc legitimate?
B O O M Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. B O O M Inc 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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What is the mission statement of B O O M Inc?
BOOM Inc's mission is centered around promoting industrial development in a community. Specifically, its purpose is to enhance the economic standing of a particular area by encouraging industries, generating publicity, and offering financial aid to industries. The organization employs various lawful and convenient means to achieve its goal, which includes improving industrial conditions by attracting new industries and retaining existing ones. Additionally, BOOM provides grants to local organizations and loans to local businesses and organizations to further stimulate economic growth. Furthermore, the organization develops land to sell, thereby promoting continuous development into the future.
Who is the CEO of B O O M Inc?
Christopher Jones is the President of B O O M Inc.
What is the revenue of B O O M Inc?
B O O M Inc's revenue in 2022 was $14,828.
Who are the executives of B O O M Inc and what are their salaries?
There 19 volunteers at B O O M Inc.
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Where can I find the form 990 for B O O M Inc?
B O O M Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of B O O M Inc
B.O.O.M. Inc, a nonprofit organization, is dedicated to promoting industrial development within its community. The primary purpose of this organization is to enhance the economic advantage of its surrounding vicinity by encouraging industry, fostering publicity, and obtaining grants in aid of industry. B.O.O.M. Inc employs various lawful and convenient means to achieve its mission, including improving industrial development by attracting new industries and retaining existing ones. In addition, the organization provides financial aid in the form of grants to local organizations and loans to local businesses and organizations. Furthermore, B.O.M. Inc engages in land development to sell properties, thereby promoting continuous development into the future. By fulfilling these objectives, B.O.O.M. Inc contributes to the overall growth and prosperity of its community.
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Impact
October, 2024
B O O M Inc significantly impacts the community of Mansfield, PA, by fostering industrial development that enhances the local economy. The organization actively attracts new industries to the area and supports the retention of existing ones, creating a robust environment for job growth and economic stability. Through strategic initiatives, B O O M Inc provides financial assistance, such as grants and loans, to local businesses and organizations, empowering them to thrive and innovate.
Furthermore, by developing land for industrial use, B O O M Inc ensures that the community is attractive to potential investors, contributing to a dynamic economic landscape. Publicity efforts also play a vital role in highlighting the advantages of doing business in Mansfield, promoting the region as a viable destination for industry. Overall, B O O M Inc's initiatives are instrumental in improving the conditions of Mansfield and its surrounding vicinity, leading to a prosperous and sustainable future for the community.
This information is meant to be a general summary of B O O M Inc. 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: $60
- Gross Receipts: $15,060
Assets and Liabilities:
- Total Assets: $1,705,727
- Total Liabilities: $1,241,896
- Net Assets: $463,831
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Organization Details
Founding Year
1958
Phone
(570) 662-3107Principal Officer
Christopher Jones
Main Address
54 S MAIN STREET, MANSFIELD, PA, 16933
NTEE Category
Code: S31Z - Community improvement
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