Pennville Industrial Development Committee Inc

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

EIN: 351841679 ✦ Portland, IN ✦ Designated as a 501(c)(4)

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Overview

What is Pennville Industrial Development Committee Inc?

Pennville Industrial Development Committee Inc, situated in Portland, Indiana, is a nonprofit organization with a clear mission. Established at 118 S Meridian Street Suite B, their primary objective is to foster and support economic growth within the town of Pennville, Indiana. To achieve this, they actively engage in promotional activities and aid in the development of the local economy. The committee's purpose is to contribute positively to Pennville's economic landscape, ensuring its continued prosperity and growth.

Is Pennville Industrial Development Committee Inc legitimate?

Pennville Industrial Development Committee Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Pennville Industrial Development Committee 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Pennville Industrial Development Committee Inc?

The Pennville Industrial Development Committee Inc's mission is focused on fostering economic growth. Specifically, their objective is to contribute positively to the economic development of a particular town, without specifying which one. They aim to achieve this by providing aid and promotion, functioning as catalysts for economic progress. This commitment is reflected in their activities, which are geared towards driving economic growth and development.

Who is the CEO of Pennville Industrial Development Committee Inc?

Travis Richards is the Director of Pennville Industrial Development Committee Inc.

What is the revenue of Pennville Industrial Development Committee Inc?

Pennville Industrial Development Committee Inc's revenue in 2022 was $37,142.

Who are the executives of Pennville Industrial Development Committee Inc and what are their salaries?


Here are 7 key members and their salaries:


Don Stafford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alicia Corwin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Corwin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lonnie Bell (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Frazee (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Cash (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Richards (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Pennville Industrial Development Committee Inc?

Pennville Industrial Development Committee Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Pennville Industrial Development Committee Inc

Pennville Industrial Development Committee Inc, a nonprofit organization, is committed to driving economic growth and development within the town of Pennville. Their mission is centered around fostering and supporting economic advancements for the community. By leveraging their resources and expertise, they aim to contribute significantly to the town's economic prosperity. Their activities are geared towards creating a favorable environment for businesses and industries to thrive, ultimately leading to improved economic conditions for the local residents.

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Impact




October, 2024

The Pennville Industrial Development Committee Inc plays a crucial role in enhancing the economic landscape of Pennville, Indiana. By focusing on promoting and aiding economic development, the organization fosters growth and investment opportunities within the community. This commitment helps attract new businesses, create job opportunities, and stimulate local economic activity.

Through its initiatives, the committee contributes to community improvement, striving to elevate the quality of life for residents. By promoting strategic development efforts, it not only drives economic growth but also builds a sense of community pride and stability, positioning Pennville as a viable destination for both businesses and residents. Its impact extends beyond immediate economic gains, influencing long-term prosperity and resilience for the town.




This information is meant to be a general summary of Pennville Industrial Development Committee 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.

Revenue
$37,142 (2022)
Expenses
$18,495 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $38
  • Program Service Revenue: $32,741
  • Gross Receipts: $37,340

Assets and Liabilities:

  • Total Assets: $455,469
  • Total Liabilities: $0
  • Net Assets: $455,469

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST INCOME FROM L

Revenue

$32,741

Organization Details

Founding Year

1991

Principal Officer

Travis Richards

Main Address

118 S MERIDIAN STREET SUITE B, PORTLAND, IN, 47371

NTEE Category

Code: S31 - Community improvement

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