Overview
What is Industrial Developmnet Board Of The Gallatin Tn?
The Industrial Development Board of Gallatin, Tennessee, is a nonprofit organization situated at 132 West Main Street, Gallatin. Their primary mission is to stimulate and manage industrial development within the city of Gallatin. This involves administering a pilot program that includes payments in lieu of taxes, primarily to the surrounding county where Gallatin is located. These funds help cover operational expenses related to the industrial park. The organization's role is crucial in fostering growth and development within the city's industrial sector.
Official website here: www.gallatin.gov/509/industrial-developm
Is Industrial Developmnet Board Of The Gallatin Tn legitimate?
Industrial Developmnet Board Of The Gallatin Tn is a legitimate nonprofit organization registered as a 501(c)(4) entity. Industrial Developmnet Board Of The Gallatin Tn 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.gallatin.gov/509/industrial-developm
What is the mission statement of Industrial Developmnet Board Of The Gallatin Tn?
The Industrial Development Board of Gallatin is tasked with overseeing a pilot program that involves making payments in lieu of taxes. Primarily, these payments are made to the county where Gallatin city is situated. Additionally, the board manages expenses related to the operation of the industrial park. In essence, its mission is to attract and facilitate industrial development within the city, thereby contributing to economic growth and development. The board's activities include recruiting potential industries and preparing the necessary infrastructure to accommodate them.
Official website here: www.gallatin.gov/509/industrial-developm
Who is the CEO of Industrial Developmnet Board Of The Gallatin Tn?
Preston Stark is the Board Member of Industrial Developmnet Board Of The Gallatin Tn.
Official website here: www.gallatin.gov/509/industrial-developm
What is the revenue of Industrial Developmnet Board Of The Gallatin Tn?
Industrial Developmnet Board Of The Gallatin Tn's revenue in 2023 was $334,268.
Official website here: www.gallatin.gov/509/industrial-developm
Who are the executives of Industrial Developmnet Board Of The Gallatin Tn and what are their salaries?
There 9 volunteers at Industrial Developmnet Board Of The Gallatin Tn.
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Official website here: www.gallatin.gov/509/industrial-developm
Where can I find the form 990 for Industrial Developmnet Board Of The Gallatin Tn?
Industrial Developmnet Board Of The Gallatin Tn's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gallatin.gov/509/industrial-developm
Learn more at the official website: www.gallatin.gov/509/industrial-developm
Mission Statement of Industrial Developmnet Board Of The Gallatin Tn
The Industrial Development Board of Gallatin, in its mission, is responsible for overseeing a pilot program that involves payments in lieu of taxes. Primarily, these payments are made to the county where Gallatin city is situated. Beyond these payments, the board also manages expenses related to the operation of an industrial park. The aim of the board is to recruit and facilitate industrial development within the city of Gallatin, Tennessee. By doing so, it contributes to the economic growth and development of the area. The board's role is crucial in attracting industries and creating job opportunities, thereby boosting the local economy.
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Impact
October, 2024
The Industrial Development Board of Gallatin, TN, significantly impacts the local economy by administering the Payment in Lieu of Taxes (PILOT) program, which facilitates industrial development within the city. By lowering the tax burden on new businesses, the board incentivizes companies to invest in the area, ultimately fostering job creation and economic growth.
Through its efforts, the board successfully recruits industries to Gallatin, enhancing the city's competitive advantage in attracting new investments. This not only contributes to a robust industrial landscape but also generates increased revenue for the local government through enhanced economic activity. The operation and maintenance of the industrial park further support the infrastructure needed for these businesses to thrive.
Overall, the Industrial Development Board plays a crucial role in shaping Gallatin's economic future, promoting sustainable development, and ensuring the community benefits from industrial growth.
This information is meant to be a general summary of Industrial Developmnet Board Of The Gallatin Tn. 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.
- Program Service Revenue: $334,268
- Gross Receipts: $334,268
Assets and Liabilities:
- Total Assets: $187,602
- Total Liabilities: $0
- Net Assets: $187,602
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PILOT PAYMENTS
Revenue
$326,731
MAINTENANCE FEES
Revenue
$4,372
LEGAL FEES
Revenue
$1,559
OTHER FEES
Revenue
$1,606
Organization Details
Founding Year
2020
Principal Officer
Preston Stark
Main Address
132 W MAIN STREET, GALLATIN, TN, 37066
NTEE Category
Code: Z99 - Unknown
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