Overview
What is Morgan County Economic Development Board Inc?
The Morgan County Economic Development Board Inc, located in Wartburg, Tennessee, is a small nonprofit organization with a single employee. Their primary mission is to stimulate the local economy by attracting and fostering industry within Morgan County. To accomplish this, they procure land and construct facilities to accommodate businesses that employ residents of the region. This strategic approach aims to boost the county's economic growth and create job opportunities for its citizens.
Is Morgan County Economic Development Board Inc legitimate?
Morgan County Economic Development Board Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Morgan County Economic Development Board 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: $71,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Morgan County Economic Development Board Inc?
The Morgan County Economic Development Board Inc has a mission to stimulate industrial growth within its scope. This is achieved primarily through proactive measures, such as acquiring land and constructing facilities to attract industries that provide employment opportunities for local citizens. Their objective is to foster economic development in the region, ultimately contributing to the overall prosperity and well-being of the community.
What is the revenue of Morgan County Economic Development Board Inc?
Morgan County Economic Development Board Inc's revenue in 2024 was $623,645.
Who are the executives of Morgan County Economic Development Board Inc and what are their salaries?
The average compensation at Morgan County Economic Development Board Inc during 2024 was $71,008. There is 1 employee at Morgan County Economic Development Board Inc.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Morgan County Economic Development Board Inc?
Morgan County Economic Development Board Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Morgan County Economic Development Board Inc
The Morgan County Economic Development Board Inc, in its mission, seeks to attract and foster industrial growth within Morgan County, Tennessee. This organization achieves this goal by proactively acquiring land and constructing facilities to accommodate industries that create employment opportunities for local residents. By actively pursuing and facilitating industrial development, the Morgan County Economic Development Board Inc contributes significantly to the economic well-being of the community.
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Impact
October, 2024
Morgan County Economic Development Board Inc plays a crucial role in enhancing the economic landscape of Morgan County, Tennessee, by actively recruiting and developing industrial opportunities in the region. By purchasing land and constructing facilities, the organization creates a conducive environment for industries to establish themselves. This not only attracts businesses but also leads to job creation, providing employment opportunities for local citizens.
The focus on industrial growth contributes to community improvement by boosting the local economy, increasing tax revenue, and fostering a vibrant job market. Through its efforts, the Board facilitates a sustainable economic ecosystem that supports both existing residents and newcomers, ultimately enriching the quality of life in Morgan County.
This information is meant to be a general summary of Morgan County Economic Development Board 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: $155,283
- Program Service Revenue: $406,365
- Gross Receipts: $623,645
Assets and Liabilities:
- Total Assets: $7,047,109
- Total Liabilities: $2,720,403
- Net Assets: $4,326,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES TAX REVENUE
Revenue
$235,759
LEASE REVENUE
Revenue
$101,310
SHORT TERM RENTAL REVENUE
Revenue
$69,296
Organization Details
Founding Year
1985
Principal Officer
Alfred Branim
NTEE Category
Code: S30 - Community improvement
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