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Alto Economic Development Corporation

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

EIN: 270925328 ✦ Alto, TX ✦ Designated as a 501(c)(3)

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Overview

What is Alto Economic Development Corporation?

Alto Economic Development Corporation is a nonprofit organization, situated in the Alto area, with a mission to stimulate business growth and expand the local economy. Their aim is to create a more robust and diverse economic landscape, thereby boosting the community's overall economic strength and prosperity. The corporation plays a significant role in fostering economic vitality and wealth within the community by supporting business expansion initiatives.

Is Alto Economic Development Corporation legitimate?

Alto Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alto Economic Development Corporation submitted a form 990EZ, 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.

What is the mission statement of Alto Economic Development Corporation?

The Alto Economic Development Corporation's mission is centered around fostering business growth in its designated area. Their objective is to establish a more robust and varied economy, thereby enhancing the overall economic health and prosperity of the community. This corporation strives to boost economic vitality and wealth within the community by promoting business expansion.

Who is the CEO of Alto Economic Development Corporation?

Carey Palmer is the President of Alto Economic Development Corporation.

What is the revenue of Alto Economic Development Corporation?

Alto Economic Development Corporation's revenue in 2022 was $81,758.

Who are the executives of Alto Economic Development Corporation and what are their salaries?


Here are 7 key members and their salaries:


Carey Palmer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cody Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James D Pearman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Griffith (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Rose (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Mitchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Hicks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Alto Economic Development Corporation?

Alto Economic Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Alto Economic Development Corporation

Alto Economic Development Corporation, in its mission, works towards fostering business growth in the Alto area. Its primary goal is to develop a more robust and varied economy, thereby enhancing the economic strength and prosperity of the community. By promoting business expansion, the corporation aims to increase the overall economic vitality and wealth within the community.

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Impact




October, 2024

Alto Economic Development Corporation significantly enhances the economic landscape of the Alto area by fostering business expansion and attracting new ventures. Its initiatives support the development of a more diversified economy, ultimately contributing to increased economic vitality and prosperity for the community. By focusing on local business support, the organization helps create jobs, boosts local spending, and encourages community engagement, all of which enhance the overall quality of life for residents. Through effective strategies and programs, Alto Economic Development Corporation plays a pivotal role in strengthening the foundation of Alto's economy and ensuring sustainable growth for the future.




This information is meant to be a general summary of Alto 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.

Revenue
$81,758 (2022)
Expenses
$61,252 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $452
  • Gross Receipts: $81,758

Assets and Liabilities:

  • Total Assets: $370,570
  • Total Liabilities: $2,626
  • Net Assets: $367,944

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Organization Details

Principal Officer

Carey Palmer

Main Address

PO BOX 7, ALTO, TX, 75925

NTEE Category

Code: S30 - Community improvement

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