Overview
What is The Woodlands Area Economic Development Partnership?
The Woodlands Area Economic Development Partnership, based in The Woodlands, Texas, is a nonprofit organization focused on promoting economic growth in the region. Their primary activities involve business recruitment, retention, and expansion, with a strategic emphasis on target industries that can benefit from the area's assets. They achieve this through establishing key relationships with various entities, such as site consultants, government officials, and commercial real estate brokers. The partnership also participates in global trade missions to attract job growth and economic vitality to the Woodlands Area. With a team of four dedicated individuals, they coordinate resources and facilitate access to incentives for relocating and expanding businesses, contributing to the overall economic development of the area.
Official website here: www.edpartnership.net
Is The Woodlands Area Economic Development Partnership legitimate?
The Woodlands Area Economic Development Partnership is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Woodlands Area Economic Development Partnership 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: $347,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $133,684
For more financial information, click here
Official website here: www.edpartnership.net
What is the mission statement of The Woodlands Area Economic Development Partnership?
The Woodlands Area Economic Development Partnership (EDP) is committed to promoting economic growth in its area. Its mission involves retaining and expanding existing businesses, as well as recruiting new ones that can create opportunities. The EDP's program of work is divided into three key areas: business recruitment, business retention and expansion, and governmental relations. The EDP facilitates access to resources and incentives for businesses looking to relocate or expand, thereby contributing to the overall economic development of the region.
Official website here: www.edpartnership.net
Who is the CEO of The Woodlands Area Economic Development Partnership?
Gil Staley is the CEO of The Woodlands Area Economic Development Partnership The CEO's salary of The Woodlands Area Economic Development Partnership is $222,835 and their total compensation is $277,953.
Official website here: www.edpartnership.net
What is the revenue of The Woodlands Area Economic Development Partnership?
The Woodlands Area Economic Development Partnership's revenue in 2023 was $1,042,423.
Official website here: www.edpartnership.net
Who are the executives of The Woodlands Area Economic Development Partnership and what are their salaries?
The average compensation at The Woodlands Area Economic Development Partnership during 2023 was $120,248. There are 4 employees and 28 volunteers at The Woodlands Area Economic Development Partnership.
Here are 31 key members and their salaries (The Woodlands Area Economic Development Partnership's CEO's salary is $222,835 and their total compensation is $277,953):
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Official website here: www.edpartnership.net
Where can I find the form 990 for The Woodlands Area Economic Development Partnership?
The Woodlands Area Economic Development Partnership's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.edpartnership.net
Learn more at the official website: www.edpartnership.net
Mission Statement of The Woodlands Area Economic Development Partnership
The Woodlands Area Economic Development Partnership, often abbreviated as EDP, is dedicated to fostering economic growth in the Woodlands area. Their mission is twofold: firstly, they aim to retain and expand existing businesses in the region, and secondly, they seek to attract new businesses that can bring fresh opportunities to the area. The EDP's strategies are divided into three key areas of emphasis: business recruitment, business retention and expansion, and governmental relations. They actively coordinate resources and facilitate access to incentives to entice both relocating and expanding businesses, thereby contributing to the overall economic development of the Woodlands area.
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Impact
October, 2024
The Woodlands Area Economic Development Partnership (EDP) significantly impacts the local economy by focusing on the retention and growth of existing businesses, alongside the strategic recruitment of new enterprises. This multi-faceted approach is structured around three key areas: business recruitment, business retention and expansion, and governmental relations.
Through its business recruitment program, the EDP targets industries that align with the area's assets and economic vision, working closely with site consultants, commercial real estate brokers, and developers to attract key businesses. Active participation in global trade missions further enhances these efforts, leading to job creation and increased economic vitality in The Woodlands.
The organization also prioritizes business retention and expansion, ensuring that existing local businesses have the resources and support they need to thrive. By coordinating resources and facilitating access to incentives for relocating and expanding companies, the EDP helps foster a robust economic environment.
Overall, the EDP plays a vital role in promoting economic development in The Woodlands, enhancing the community's opportunities for growth and improvement.
This information is meant to be a general summary of The Woodlands Area Economic Development Partnership. 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.
- Investment Income: $4,768
- Program Service Revenue: $270,090
- Gross Receipts: $1,042,423
Assets and Liabilities:
- Total Assets: $856,743
- Total Liabilities: $68,695
- Net Assets: $788,048
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC DEVELOPMENT S
Revenue
$188,500
MEMBER EVENTS
Revenue
$61,590
BUSINESS RECRUITMENT
Revenue
$20,000
Organization Details
Founding Year
2015
Principal Officer
Gil P Staley
Website
www.edpartnership.netNTEE Category
Code: S41 - Community improvement
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