Overview
What is Georgia Foreign Trade Zone Inc?
Georgia Foreign Trade Zone Inc, based in Atlanta, Georgia, is a nonprofit organization dedicated to fostering economic growth in the state. They accomplish this by promoting and facilitating the use of the Foreign-Trade Zone program. The organization assists existing businesses in Georgia and those considering relocation, aiding them in obtaining benefits related to the Foreign-Trade Zone program. Georgia Foreign Trade Zone Inc offers ongoing support to FTZ operators, enabling them to defer, reduce, or eliminate the payment of U.S. customs duties on imported goods. This, in turn, contributes to lower operating costs and enhanced economic opportunities within local communities, ultimately contributing to the overall economic development of the state. The organization, with a team of 1 employee, plays a significant role in supporting job creation and retention in Georgia.
Official website here: www.georgiaftz.com
Is Georgia Foreign Trade Zone Inc legitimate?
Georgia Foreign Trade Zone Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Georgia Foreign Trade Zone 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: $206,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.georgiaftz.com
What is the mission statement of Georgia Foreign Trade Zone Inc?
Georgia Foreign Trade Zone Inc's mission is to support the creation and retention of jobs within the state by promoting and facilitating the use of the Foreign-Trade Zone program. The organization assists both existing businesses in Georgia and new businesses considering relocation, in obtaining the benefits associated with the Foreign-Trade Zone program. Georgia Foreign Trade Zone Inc provides ongoing support to operators of Foreign-Trade Zones, enabling them to defer, reduce, and eliminate the payment of U.S. customs duties on imported goods, thereby lowering their operating costs. The organization's efforts contribute to enhancing economic opportunities within local communities and contribute to the overall economic development of the state.
Official website here: www.georgiaftz.com
Who is the CEO of Georgia Foreign Trade Zone Inc?
Julie Brown is the President & of Georgia Foreign Trade Zone Inc.
Official website here: www.georgiaftz.com
What is the revenue of Georgia Foreign Trade Zone Inc?
Georgia Foreign Trade Zone Inc's revenue in 2022 was $514,673.
Official website here: www.georgiaftz.com
Who are the executives of Georgia Foreign Trade Zone Inc and what are their salaries?
The average compensation at Georgia Foreign Trade Zone Inc during 2022 was $206,200. There is 1 employee at Georgia Foreign Trade Zone Inc.
Here are 12 key members and their salaries:
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Official website here: www.georgiaftz.com
Where can I find the form 990 for Georgia Foreign Trade Zone Inc?
Georgia Foreign Trade Zone Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.georgiaftz.com
Learn more at the official website: www.georgiaftz.com
Mission Statement of Georgia Foreign Trade Zone Inc
Georgia Foreign Trade Zone Inc, abbreviated as GFTZ, is committed to fostering job creation and retention in Georgia by advocating for and facilitating the utilization of the Foreign-Trade Zone program. This nonprofit organization assists both existing businesses within the state and new entrepreneurs considering a move to Georgia in securing the benefits associated with Foreign-Trade Zones. GFTZ offers ongoing support to operators of these zones, helping them lower their operating costs by deferring, reducing, or eliminating the payment of U.S. customs duties on imported goods. This, in turn, enhances economic opportunities within local communities and contributes to the overall economic development of the state. By doing so, GFTZ plays an essential role in promoting economic growth and prosperity in Georgia.
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Impact
October, 2024
Georgia Foreign Trade Zone Inc. (GFTZ) plays a crucial role in bolstering the economic landscape of Georgia by facilitating the use of the Foreign-Trade Zone (FTZ) program. This initiative supports the creation and retention of jobs across the state by helping both existing and new businesses access valuable FTZ benefits.
By assisting businesses in navigating the complexities of the FTZ program, GFTZ enables them to lower operating costs significantly. The deferral, reduction, and even elimination of U.S. customs duties on imported goods lead to improved profitability for companies, which, in turn, empowers them to invest in their workforce and enhance local economies.
Furthermore, GFTZ's efforts contribute to overall economic development by fostering an environment that attracts new businesses to Georgia. This not only enhances economic opportunity within local communities but also strengthens the state's competitive edge in the global market. Through its ongoing support and initiatives, Georgia Foreign Trade Zone Inc. is making a meaningful impact on both job retention and creation, ultimately driving growth and prosperity throughout the region.
This information is meant to be a general summary of Georgia Foreign Trade Zone 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: $317
- Program Service Revenue: $514,356
- Gross Receipts: $514,673
Assets and Liabilities:
- Total Assets: $1,077,532
- Total Liabilities: $1,316
- Net Assets: $1,076,216
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP FEES & APPS.
Revenue
$514,356
Organization Details
Founding Year
1975
Phone
(770) 563-0408Principal Officer
Julie Brown
Main Address
270 PEACHTREE STREET NW 2200, ATLANTA, GA, 30303
Website
www.georgiaftz.comNTEE Category
Code: S40 - Community improvement
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