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Richmond Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581375509 ✦ Rockingham, NC ✦ Designated as a 501(c)(3)

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Overview

What is Richmond Economic Development Corporation?

The Richmond Economic Development Corporation, situated in Richmond County, is a dedicated entity that plays a pivotal role in fostering economic growth. Their primary mission is to establish and improve industrial sites within the county, thereby driving economic development. By doing so, they contribute to the county's overall prosperity, potentially attracting new businesses and creating job opportunities. The corporation operates as a nonprofit organization, focusing on promoting sustainable and beneficial economic growth for Richmond County.


Official website here: www.richmondnced.com

Is Richmond Economic Development Corporation legitimate?

Richmond Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond Economic Development Corporation 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: $0

For more financial information, click here


Official website here: www.richmondnced.com

What is the mission statement of Richmond Economic Development Corporation?

The Richmond Economic Development Corporation serves a crucial role in promoting economic growth. Its mission is to facilitate this development within Richmond County, specifically by creating future industrial sites. This organization actively works towards enhancing the economic landscape of the area, aiming to attract and support businesses that contribute to the region's prosperity. By cultivating these industrial sites, the corporation strives to stimulate job creation and economic opportunities for the local community.


Official website here: www.richmondnced.com

Who is the CEO of Richmond Economic Development Corporation?

Bryan R Land is the Chairman of Richmond Economic Development Corporation.


Official website here: www.richmondnced.com

What is the revenue of Richmond Economic Development Corporation?

Richmond Economic Development Corporation's revenue in 2023 was $99,609.


Official website here: www.richmondnced.com

Who are the executives of Richmond Economic Development Corporation and what are their salaries?


Here are 6 key members and their salaries:


Kenneth Robinette (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bennett Deane Iii (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan R Land (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dena R Cook (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Baucom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Christian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.richmondnced.com

Where can I find the form 990 for Richmond Economic Development Corporation?

Richmond Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.richmondnced.com

Learn more at the official website: www.richmondnced.com

Mission Statement of Richmond Economic Development Corporation

Richmond Economic Development Corporation, abbreviated as REDC, is dedicated to promoting the economic growth of Richmond County. Their primary mission is achieved through the development of future industrial sites, fostering an environment conducive to business expansion and job creation. By facilitating the construction of new industrial sites, REDC contributes to the county's economic development, ultimately improving the overall economic well-being of the community.

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Impact




October, 2024

The Richmond Economic Development Corporation plays a crucial role in shaping the economic landscape of Richmond County. By focusing on the development of future industrial sites, it actively works to attract new businesses and industries to the area, which fosters job creation and stimulates local economic growth. This initiative not only helps diversify the economy but also enhances the infrastructure and community resources available to residents.

Through its efforts, the Corporation contributes to community improvement by reinforcing Richmond County's position as an attractive location for investment. The development of industrial sites can lead to increased tax revenues, which can be reinvested into local services and infrastructure, thereby enhancing the quality of life for residents. Additionally, by cultivating a robust economic environment, the Corporation helps foster innovation and entrepreneurship within the community. Overall, the Richmond Economic Development Corporation significantly impacts the economic vitality and future prospects of Richmond County.




This information is meant to be a general summary of Richmond Economic Development Corporation. 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.

Revenue
$99,609 (2023)
Expenses
$6,284 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $45
  • Gross Receipts: $134,461

Assets and Liabilities:

  • Total Assets: $526,532
  • Total Liabilities: $624,250
  • Net Assets: -$97,718

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Organization Details

Founding Year

1979

Principal Officer

Bryan R Land

Main Address

PO BOX 504, ROCKINGHAM, NC, 28380

NTEE Category

Code: S30 - Community improvement

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