Overview
What is Bradenton Area Economic Development Corp?
Bradenton Area Economic Development Corporation, abbreviated as BAEDC, is a nonprofit organization based in Bradenton, Florida. Its primary focus is on boosting the local economy by retaining and attracting high-paying jobs for the area's residents. They achieve this by offering assistance with facility expansions, addressing workforce concerns, connecting businesses to grants, incentives, and valuable resources. Furthermore, BAEDC plays a significant role in fostering international trade, aiming to help establish businesses thrive in the region. With a team of nine dedicated individuals, BAEDC is committed to diversifying the local economy and ensuring the success of existing businesses.
Official website here: www.bradentonareaedc.com
Is Bradenton Area Economic Development Corp legitimate?
Bradenton Area Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Bradenton Area Economic Development Corp 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: $56,315
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,014
For more financial information, click here
Official website here: www.bradentonareaedc.com
What is the mission statement of Bradenton Area Economic Development Corp?
The Bradenton Area Economic Development Corporation's mission is centered around enhancing the local economy. They strive to attract and retain high-paying jobs for the community's residents and provide established businesses with the necessary resources to thrive. This organization serves as a bridge, connecting businesses to valuable assets such as facility expansion aid, workforce solutions, grant opportunities, incentives, and international trade resources. The primary goal is to diversify the economy and foster the success of existing businesses.
Official website here: www.bradentonareaedc.com
Who is the CEO of Bradenton Area Economic Development Corp?
Sharon L Hillstrom is the Chair-Elect of Bradenton Area Economic Development Corp. The CEO's salary of Bradenton Area Economic Development Corp is $229,971 and their total compensation is $235,549.
Official website here: www.bradentonareaedc.com
What is the revenue of Bradenton Area Economic Development Corp?
Bradenton Area Economic Development Corp's revenue in 2022 was $292,436.
Official website here: www.bradentonareaedc.com
Who are the executives of Bradenton Area Economic Development Corp and what are their salaries?
The average compensation at Bradenton Area Economic Development Corp during 2022 was $17,037. There are 9 employees and 36 volunteers at Bradenton Area Economic Development Corp.
Here are 37 key members and their salaries (Bradenton Area Economic Development Corp's CEO's salary is $229,971 and their total compensation is $235,549):
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- Compensation: $229,971
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Official website here: www.bradentonareaedc.com
Where can I find the form 990 for Bradenton Area Economic Development Corp?
Bradenton Area Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bradentonareaedc.com
Learn more at the official website: www.bradentonareaedc.com
Mission Statement of Bradenton Area Economic Development Corp
Bradenton Area Economic Development Corp, abbreviated as BAEDC, is dedicated to enhancing the local economy by drawing in and retaining high-paying jobs for the area's residents. This nonprofit organization also focuses on linking established businesses with the necessary resources to foster their growth and success. By doing so, BAEDC aims to diversify the economy, ultimately benefiting the community as a whole.
In more specific terms, BAEDC's mission involves several key components. One of these elements is business retention and expansion. The organization works tirelessly to retain high-impact businesses in Manatee County, Florida, by providing assistance with facility expansions, addressing workforce issues, and connecting these businesses to relevant grants, incentives, information resources, and international trade opportunities. By supporting existing businesses in this manner, BAEDC contributes to the overall prosperity of the community.
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Impact
October, 2024
The Bradenton Area Economic Development Corporation (EDC) plays a crucial role in shaping the local economy by focusing on diversification and the retention of high-wage jobs for residents. By attracting new businesses and supporting the growth of existing ones, the EDC enhances the economic landscape of Manatee County in Florida.
A key aspect of its impact is business retention and expansion, which involves assisting local companies with facility expansions, addressing workforce challenges, and connecting them to essential resources such as grants and incentives. The EDC acts as a bridge for established businesses, facilitating international trade connections and providing critical information resources that enable them to thrive.
Overall, the EDC's efforts contribute significantly to the stability and growth of the Bradenton area's economy, fostering an environment where high-impact businesses can flourish and residents can benefit from increased job opportunities and economic prosperity.
This information is meant to be a general summary of Bradenton Area Economic Development Corp. 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: $13,507
- Program Service Revenue: $115,813
- Gross Receipts: $328,033
Assets and Liabilities:
- Total Assets: $2,183,708
- Total Liabilities: $583,643
- Net Assets: $1,600,065
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$115,813
Organization Details
Founding Year
2011
Phone
(941) 803-9031Principal Officer
Sharon L Hillstrom
Main Address
5840 26TH ST W BLDG 8 SUITE 214, BRADENTON, FL, 34207
Website
www.bradentonareaedc.comNTEE Category
Code: S41 - Community improvement
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