Overview
What is Mcdowell Economic Development Association Inc?
Mcdowell Economic Development Association Inc, based in Mcdowell county, is a nonprofit organization dedicated to stimulating job creation and boosting the local tax base. They achieve this objective by either attracting new industries or supporting existing ones that are expanding. To fulfill this mission, MEDA cultivates strong ties with various entities such as the North Carolina Department of Commerce, AdvantageWest, industrial realtors, utility companies, and other relevant stakeholders.
Is Mcdowell Economic Development Association Inc legitimate?
Mcdowell Economic Development Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcdowell Economic Development Association 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $109,245
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What is the mission statement of Mcdowell Economic Development Association Inc?
The Mcdowell Economic Development Association Inc's mission is centered on fostering job creation and boosting the tax base within its jurisdiction. This is achieved through various strategies such as attracting new industries or supporting existing businesses that are expanding. To accomplish this goal, the association maintains collaborative relationships with key entities like the North Carolina Department of Commerce, AdvantageWest, industrial realtors, utility companies, and other relevant parties.
Who is the CEO of Mcdowell Economic Development Association Inc?
Charles Abernathy is the Executive Director of Mcdowell Economic Development Association Inc.
What is the revenue of Mcdowell Economic Development Association Inc?
Mcdowell Economic Development Association Inc's revenue in 2022 was $127,122.
Who are the executives of Mcdowell Economic Development Association Inc and what are their salaries?
The average compensation at Mcdowell Economic Development Association Inc during 2022 was $54,622. There are 2 employees at Mcdowell Economic Development Association Inc.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Mcdowell Economic Development Association Inc?
Mcdowell Economic Development Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mcdowell Economic Development Association Inc
Mcdowell Economic Development Association Inc, as per its mission, strives to foster job creation and boost the tax base in its jurisdiction. This nonprofit organization achieves this goal by maintaining collaborative relations with various entities such as the North Carolina Department of Commerce, AdvantageWest, industrial realtors, and utility companies, among others. By working closely with these entities, Mcdowell Economic Development Association Inc seeks to either attract new industries to the area or assist existing industries in their expansion plans. This mission is aimed at promoting economic growth and development in the region, thereby contributing to its overall prosperity.
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Impact
October, 2024
Mcdowell Economic Development Association Inc has a significant impact on the economic landscape of McDowell County by focusing on job creation and expanding the local tax base. Through its mission, the organization actively recruits new industries and provides support to existing businesses looking to grow. By fostering strong relationships with key stakeholders, including the North Carolina Department of Commerce, AdvantageWest, and local utility companies, they create a collaborative environment conducive to economic development.
The efforts of the Association play a crucial role in enhancing the region's economic viability, which leads to increased employment opportunities and improved community resources. As a result, McDowell County benefits from a more robust economy, greater tax revenues, and a stronger overall community, thereby driving long-term sustainability and growth.
This information is meant to be a general summary of Mcdowell Economic Development Association 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 2022.
- Investment Income: $3
- Gross Receipts: $127,122
Assets and Liabilities:
- Total Assets: $39,372
- Total Liabilities: $3,504
- Net Assets: $35,868
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Organization Details
Founding Year
1982
Principal Officer
Charles Abernathy
Main Address
PO BOX 1289, MARION, NC, 28752
NTEE Category
Code: S31Z - Community improvement
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