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Mmrc Regional Industrial Development

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

EIN: 611322607 ✦ Morehead, KY ✦ Designated as a 501(c)(6)

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Overview

What is Mmrc Regional Industrial Development?

Mmrc Regional Industrial Development is an independent agency and constituted authority, serving as a instrumentality for the counties of Menifee, Morgan, Rowan, and Crater. Its primary objective is to facilitate the acquisition, financing, and development of a regional industrial park. By taking on this role, Mmrc Regional Industrial Development aims to contribute to the economic growth and industrial development in these counties. The organization operates as a self-governing entity, utilizing its resources to advance this mission.

Is Mmrc Regional Industrial Development legitimate?

Mmrc Regional Industrial Development is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mmrc Regional Industrial Development 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

What is the mission statement of Mmrc Regional Industrial Development?

Mmrc Regional Industrial Development serves as an independent agency and constituted authority for the counties of Menifee, Morgan, Rowan, and Crater. Its primary mission is to facilitate the acquisition, financing, and development of a regional industrial park. This organization's role is critical in fostering industrial growth within the region, potentially creating job opportunities and contributing to the local economy. By acting as an instrumental body, Mmrc Regional Industrial Development plays a significant role in advancing regional industrial development.

Who is the CEO of Mmrc Regional Industrial Development?

Mike Helton is the President of Mmrc Regional Industrial Development.

What is the revenue of Mmrc Regional Industrial Development?

Mmrc Regional Industrial Development's revenue in 2022 was $476,349.

Who are the executives of Mmrc Regional Industrial Development and what are their salaries?


Here are 7 key members and their salaries:


Trent Hamilton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Howard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Sloan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sid Stewart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Helton (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Little (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Ward (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mmrc Regional Industrial Development?

Mmrc Regional Industrial Development's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mmrc Regional Industrial Development

Mmrc Regional Industrial Development, serving as an independent agency and instrumental authority for the counties of Menifee, Morgan, Rowan, and Crater, is dedicated to the acquisition, financing, and development of a regional industrial park. This nonprofit organization leverages its role to foster economic growth and industrial development within the designated regions, aiming to create a conducive environment for businesses to thrive. By assuming this role, Mmrc Regional Industrial Development contributes significantly to the local economy, attracting industries and promoting job creation, thereby enhancing the overall community development.

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Impact




October, 2024

Mmrc Regional Industrial Development significantly enhances economic growth and community development in the counties of Menifee, Morgan, Rowan, and Crater. By acting as an independent agency and instrumental authority, it facilitates the acquisition, financing, and development of the regional industrial park. This strategic initiative promotes job creation, attracts investment, and supports local businesses, ultimately fostering a robust economic ecosystem.

The organization plays a crucial role in identifying and addressing the specific needs of the region, ensuring that infrastructure and resources are aligned with the demands of potential industries. By developing industrial parks, it not only provides spaces for businesses to operate but also enhances the overall appeal of the area to new enterprises.

Moreover, Mmrc Regional Industrial Development contributes to community improvement by facilitating partnerships among stakeholders, including government entities, private sector players, and local communities. These collaborations help in crafting sustainable development strategies that advance regional objectives, ensuring that growth is inclusive and beneficial to all residents.

In summary, its work in developing the regional industrial park creates a positive ripple effect throughout the community, leading to increased economic resilience and improved quality of life for residents in the member counties.




This information is meant to be a general summary of Mmrc Regional Industrial Development. 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
$476,349 (2022)
Expenses
$499,217 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $23,137
  • Gross Receipts: $476,349

Assets and Liabilities:

  • Total Assets: $9,870,893
  • Total Liabilities: $6,313,167
  • Net Assets: $3,557,726

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Organization Details

Founding Year

1998

Principal Officer

Mike Helton

Main Address

150 E FIRST ST, MOREHEAD, KY, 40351

NTEE Category

Code: S41 - Community improvement

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