Overview
What is Cabarrus Economic Development Inc?
Cabarrus Economic Development Inc is a nonprofit organization situated in Kannapolis, North Carolina. Their primary goal is to foster community economic development. They have set the stage for attracting new businesses to the area, actively engaging in discussions with potential companies as part of their recruitment strategy. By doing so, they aim to enhance economic prospects in Kannapolis, ultimately leading to broader community prosperity.
Official website here: www.cabarrusedc.com
Is Cabarrus Economic Development Inc legitimate?
Cabarrus Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Cabarrus Economic Development 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:
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Other Salaries and Wages: $356,811
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Official website here: www.cabarrusedc.com
What is the mission statement of Cabarrus Economic Development Inc?
Cabarrus Economic Development Inc is committed to promoting community economic development. The organization has set out to accomplish this goal by laying the groundwork to attract new businesses to the region. Currently, Cabarrus Economic Development is engaged in recruitment meetings with specific companies to boost economic prospects, particularly in Kannapolis, NC. Their mission essentially involves fostering a conducive business environment to generate more economic opportunities.
Official website here: www.cabarrusedc.com
Who is the CEO of Cabarrus Economic Development Inc?
Mike Legg is the Board Member of Cabarrus Economic Development Inc.
Official website here: www.cabarrusedc.com
What is the revenue of Cabarrus Economic Development Inc?
Cabarrus Economic Development Inc's revenue in 2023 was $698,355.
Official website here: www.cabarrusedc.com
Who are the executives of Cabarrus Economic Development Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.cabarrusedc.com
Where can I find the form 990 for Cabarrus Economic Development Inc?
Cabarrus Economic Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cabarrusedc.com
Learn more at the official website: www.cabarrusedc.com
Mission Statement of Cabarrus Economic Development Inc
Cabarrus Economic Development, as a community economic development organization, is committed to achieving objectives that attract new businesses to the region. The organization has taken the initiative to set up a solid foundation for business growth and is currently engaging in recruitment meetings with specific companies. Their primary aim is to boost economic opportunities in Kannapolis, NC. By bringing in new businesses, Cabarrus Economic Development aims to stimulate local economic growth and create a more prosperous community.
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Impact
October, 2024
Cabarrus Economic Development Inc significantly impacts the local economy by focusing on community economic development. By laying the groundwork for attracting new businesses to the Concord area, particularly Kannapolis, the organization plays a crucial role in enhancing economic opportunities for residents. Their active recruitment efforts include meetings with targeted companies, fostering job creation and investment in the region. This strategic approach not only stimulates economic growth but also promotes overall community improvement, benefiting local businesses and residents alike.
This information is meant to be a general summary of Cabarrus Economic Development 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 2023.
- Investment Income: $964
- Program Service Revenue: $697,391
- Gross Receipts: $698,355
Assets and Liabilities:
- Total Assets: $930,067
- Total Liabilities: $148,356
- Net Assets: $781,711
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CABARRUS COUNTY CONTRA
Revenue
$400,000
CITY GOVERMENT CONTRAC
Revenue
$141,000
Organization Details
Founding Year
1985
Phone
(704) 782-4000Principal Officer
Mike Legg
Main Address
57 UNION STREET SOUTH, CONCORD, NC, 28025
Website
www.cabarrusedc.comNTEE Category
Code: S30 - Community improvement
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