Overview
What is Danville Area Development Foundation Inc?
Danville Area Development Foundation Inc is a nonprofit organization situated in Danville, Virginia. Established with the primary objective of fostering industrial and commercial growth in the city and its surrounding areas, the foundation serves as a vital catalyst for development. Its mission emphasizes the promotion of business and industrial expansion, thereby contributing to the city's economic prosperity. The organization's address is 628 Main Street, Danville, VA 24541.
Is Danville Area Development Foundation Inc legitimate?
Danville Area Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Danville Area Development Foundation 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.
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What is the mission statement of Danville Area Development Foundation Inc?
The Danville Area Development Foundation Inc's mission is centered around fostering the growth of industries and businesses. More specifically, its goal is to stimulate the development of commercial and industrial sectors within the city and its surrounding areas. Established to aid in this endeavor, the foundation works diligently to assist and promote industrial and commercial expansion within its reach. By doing so, it contributes to the overall economic development and progress of the targeted region.
What is the revenue of Danville Area Development Foundation Inc?
Danville Area Development Foundation Inc's revenue in 2024 was $14,271.
Who are the executives of Danville Area Development Foundation Inc and what are their salaries?
Here are 19 key members and their salaries:
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Where can I find the form 990 for Danville Area Development Foundation Inc?
Danville Area Development Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Danville Area Development Foundation Inc
Danville Area Development Foundation, a nonprofit organization, is dedicated to fostering the industrial and commercial growth of its city and surrounding regions. Its mission is to actively promote and assist in the development of companies within the city of Danville and its neighboring counties. By doing so, the foundation seeks to contribute to the economic prosperity and vitality of the area it serves.
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Impact
October, 2024
Danville Area Development Foundation Inc plays a vital role in promoting industrial and commercial growth in Danville, Virginia, and the surrounding counties. By focusing on fostering economic development, the foundation assists local businesses and attracts new investments, which in turn creates job opportunities and enhances the overall quality of life for residents.
Through its efforts, the foundation helps streamline the development process for new industries and supports existing businesses in expanding their operations. This commitment to economic vitality not only bolsters the local economy but also inspires community improvement initiatives that contribute to a thriving environment for both businesses and residents. By aligning resources and initiatives with the needs of the community, the foundation plays an essential part in shaping a prosperous future for Danville and its surrounding areas.
This information is meant to be a general summary of Danville Area Development Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $14,271
- Gross Receipts: $14,271
Assets and Liabilities:
- Total Assets: $785,863
- Total Liabilities: $0
- Net Assets: $785,863
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Organization Details
Founding Year
1960
Principal Officer
Charles H Majors
NTEE Category
Code: S31 - Community improvement
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