Gpedc Inc

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

EIN: 611181577 ✦ Paducah, KY ✦ Designated as a 501(c)(6)

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Overview

What is Gpedc Inc?

Gpedc Inc, established as Paducah Economic Development, is a nonprofit organization based in Paducah and McCracken County, Kentucky. It functions as a public-private partnership, dedicated to stimulating job growth and investment in the region. The primary mission of Gpedc Inc is to support existing businesses in expansion projects and attract new enterprises, aiming to create sustainable, well-paying jobs and boost business investment. To achieve this goal, Gpedc Inc develops and markets industrial-related properties in the greater Paducah area, with the objective of fostering job creation and additional capital investment.


Official website here: www.gpedc.com

Is Gpedc Inc legitimate?

Gpedc Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Gpedc 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: $217,085
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.gpedc.com

What is the mission statement of Gpedc Inc?

Gpedc Inc's mission is centered around promoting economic growth and job creation. As an economic development agency, its primary objective is to attract and support businesses, with a focus on industrial-related ventures. The organization strives to facilitate the expansion of existing businesses and the recruitment of new ones, with the ultimate goal of generating higher-paying jobs and encouraging additional investment in the relevant sector. Furthermore, Gpedc Inc is involved in the development and marketing of industrial real estate and personal properties, specifically for the purpose of fostering job creation and boosting capital investment in the target area.


Official website here: www.gpedc.com

Who is the CEO of Gpedc Inc?

Nora Rikel is the Past Chair of Gpedc Inc. The CEO's salary of Gpedc Inc is $217,085 and their total compensation is $217,085.


Official website here: www.gpedc.com

What is the revenue of Gpedc Inc?

Gpedc Inc's revenue in 2022 was $1,028,258.


Official website here: www.gpedc.com

Who are the executives of Gpedc Inc and what are their salaries?


Here are 12 key members and their salaries (Gpedc Inc's CEO's salary is $217,085 and their total compensation is $217,085):


Glen Anderson (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Grissom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nora Rikel (Asst Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cory Hicks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jp Kelly (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Bray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Yungman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Mcewan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leon Owens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Wilcox (President And Ceo)
  • Compensation: $217,085
  • Related: $0
  • Other: $0
Maegan Mansfield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Clymber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gpedc.com

Where can I find the form 990 for Gpedc Inc?

Gpedc Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gpedc.com

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

Mission Statement of Gpedc Inc

Gpedc Inc, short for Greater Paducah Economic Development Corporation, is an organization that is committed to advancing economic growth in its region. Its primary mission is to foster the development and marketing of industrial-related real and personal properties. This endeavor is driven by a goal to create job opportunities and attract additional capital investment within the greater Paducah area. By focusing on industrial properties, Gpedc Inc aims to stimulate sustainable business expansion and attract new industries to the region, ultimately contributing to the overall economic prosperity and development of the area.

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Impact




October, 2024

Gpedc Inc plays a crucial role in fostering economic growth and development in the greater Paducah area. By focusing on industrial-related real and personal properties, Gpedc Inc actively contributes to job creation and capital investment. Its efforts are aimed at attracting new businesses and supporting existing ones in their expansion projects, leading to the establishment of sustainable and higher-paying job opportunities.

The organization's public/private partnership model enables a collaborative approach to economic development, maximizing resources and expertise to drive investment in Paducah and McCracken County, Kentucky. Through its strategic initiatives, Gpedc Inc not only enhances the local economy but also improves the overall quality of life for residents by creating a more prosperous community. The emphasis on job creation and investment helps to build a resilient economic landscape that can adapt to changing market conditions, ultimately benefiting the entire region.




This information is meant to be a general summary of Gpedc 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.

Revenue
$1,028,258 (2022)
Expenses
$741,446 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,028,258

Assets and Liabilities:

  • Total Assets: $6,224,910
  • Total Liabilities: $3,284,275
  • Net Assets: $2,940,635

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Organization Details

Founding Year

1990

Principal Officer

Nora Rikel

Main Address

PO BOX 1155, PADUCAH, KY, 420021155

NTEE Category

Code: S30 - Community improvement

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