Overview
What is Fairfield Community Industrial Trust?
The Fairfield Community Industrial Trust is a community-focused organization, dedicated to fostering industrial growth and expansion. They achieve this goal by actively acquiring, selling, or leasing property to both new employers and established businesses in the area. Additionally, the Trust offers financial assistance through business expansion loans and provides commercial buildings on lease. Their mission revolves around promoting industry within the community, aiming to help existing businesses expand and attract new employers.
Is Fairfield Community Industrial Trust legitimate?
Fairfield Community Industrial Trust is a legitimate nonprofit organization registered as a 501(c)(4) entity. Fairfield Community Industrial Trust 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
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What is the mission statement of Fairfield Community Industrial Trust?
The Fairfield Community Industrial Trust is dedicated to fostering industrial advancement and expansion within its community. This is achieved through the acquisition, sale, or leasing of property to new employers or existing businesses, aiding them in their expansion endeavors. Additionally, the trust offers financial assistance in the form of loans for business expansion and manages commercial buildings for lease. The overall objective is to stimulate industrial growth and development within the community.
Who is the CEO of Fairfield Community Industrial Trust?
L Bryan Williams is the Trustee of Fairfield Community Industrial Trust.
What is the revenue of Fairfield Community Industrial Trust?
Fairfield Community Industrial Trust's revenue in 2022 was -$7,340.
Who are the executives of Fairfield Community Industrial Trust and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Fairfield Community Industrial Trust?
Fairfield Community Industrial Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fairfield Community Industrial Trust
Fairfield Community Industrial Trust works towards promoting industrial growth and expansion within its community. This is achieved through the organization's mission of assisting both new and existing businesses by acquiring, selling, or leasing property. By doing so, Fairfield Community Industrial Trust aids in the expansion of businesses, thereby fostering industrial development within the community. Additionally, the trust offers loans to businesses for their expansion needs, further supporting industrial growth. The trust's activities contribute to the economic vitality of the community by providing commercial buildings on lease, thus facilitating business operations and expansion.
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Impact
October, 2024
Fairfield Community Industrial Trust significantly impacts the local economy by fostering industrial growth and expansion. By acquiring, selling, or leasing property to both new employers and existing businesses, it creates opportunities for job creation and economic development in Fairfield, IL. The Trust also provides loans for business expansion, helping companies to scale operations and increase their workforce. Additionally, by leasing commercial buildings, it enhances the availability of prime business locations, attracting diverse industries to the community. This proactive approach not only supports individual businesses but also contributes to the overall improvement of the community, making Fairfield a more vibrant and economically sustainable area.
This information is meant to be a general summary of Fairfield Community Industrial Trust. 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: -$21,508
- Program Service Revenue: $4,800
- Gross Receipts: $214,184
Assets and Liabilities:
- Total Assets: $528,839
- Total Liabilities: $205,334
- Net Assets: $323,505
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE OF COMMERCIAL BU
Revenue
$4,800
Organization Details
Founding Year
1954
Phone
(618) 842-2183Principal Officer
L Bryan Williams
Main Address
PO BOX 309, FAIRFIELD, IL, 62837
NTEE Category
Code: S30 - Community improvement
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