Overview
What is Bangs Economic Development Corporation Inc?
Bangs Economic Development Corporation Inc is a nonprofit organization based in Bangs, Texas, with a focus on promoting the economic growth and development of the city. To achieve this, they provide financial support to the city manager to serve as a part-time Economic Development Director. This allows for the advertising of new businesses and pursuits within the city, ultimately contributing to its economic health. Beyond this, their mission is to promote Bangs, Texas, and help it evolve into a more economically sound area, encompassing improvements in infrastructure, businesses, and housing.
Official website here: www.cityofbangs.org
Is Bangs Economic Development Corporation Inc legitimate?
Bangs Economic Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bangs Economic Development Corporation 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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Official website here: www.cityofbangs.org
What is the mission statement of Bangs Economic Development Corporation Inc?
The Bangs Economic Development Corporation Inc's mission is to foster the economic growth of a particular city. This is accomplished by attracting new businesses, enhancing existing ones, and improving the local housing sector. In support of this mission, the corporation assists the city manager in part-time capacity, contributing financially towards advertising and business pursuit initiatives. The ultimate goal is to transform the city into a more economically stable and prosperous area.
Official website here: www.cityofbangs.org
Who is the CEO of Bangs Economic Development Corporation Inc?
Carrol J Wells is the President of Bangs Economic Development Corporation Inc.
Official website here: www.cityofbangs.org
What is the revenue of Bangs Economic Development Corporation Inc?
Bangs Economic Development Corporation Inc's revenue in 2023 was $80,586.
Official website here: www.cityofbangs.org
Who are the executives of Bangs Economic Development Corporation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.cityofbangs.org
Where can I find the form 990 for Bangs Economic Development Corporation Inc?
Bangs Economic Development Corporation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cityofbangs.org
Learn more at the official website: www.cityofbangs.org
Mission Statement of Bangs Economic Development Corporation Inc
Bangs Economic Development Corporation Inc, in its mission, strives to bolster the economic health of its unspecified location by attracting new businesses, improving existing ones, and enhancing housing facilities. The corporation aims to promote the city it serves, transforming it into a more economically robust area. To achieve this, Bangs Economic Development Corporation Inc plays a pivotal role by reimbursing the city manager 25% of their salary to serve as a part-time Economic Development Director. This arrangement enables the city manager to pursue new business opportunities, thereby contributing to the corporation's goal of fostering a more prosperous environment.
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Impact
August, 2024
Bangs Economic Development Corporation Inc plays a crucial role in promoting economic growth through the establishment of new businesses and the provision of affordable housing in Bangs, TX. Their efforts contribute to the overall improvement of the community by stimulating economic activity and facilitating access to housing options for residents. Additionally, their innovative approach of reimbursing a portion of the city manager's salary for a part-time EDC director demonstrates a commitment to effective leadership and sustainable development practices. Overall, Bangs EDC's impact is significant in fostering a more vibrant and prosperous local economy while addressing critical housing needs in the community.
This information is meant to be a general summary of Bangs Economic Development Corporation 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 2023.
- Investment Income: $6,213
- Gross Receipts: $80,586
Assets and Liabilities:
- Total Assets: $507,117
- Total Liabilities: $0
- Net Assets: $507,117
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Organization Details
Founding Year
2010
Phone
(325) 752-7632Principal Officer
Carrol J Wells
Main Address
PO BOX 188, BANGS, TX, 76823
Website
www.cityofbangs.orgNTEE Category
Code: S30 - Community improvement
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