Overview
What is Big Sandy Regional Industrial Development Authority Inc?
Big Sandy Regional Industrial Development Authority Inc, situated in Prestonsburg, Kentucky, serves as a regional development organization. Their primary mission is to stimulate economic growth by attracting businesses and commerce to the Big Sandy region, which includes Floyd, Johnson, Magoffin, Martin, and Pike counties. To achieve this, they maintain, market, and lease the East Kentucky Business Park. By doing so, they aim to create job opportunities and enhance the overall economic base of the region. This nonprofit organization plays a crucial role in fostering economic development in their community.
Is Big Sandy Regional Industrial Development Authority Inc legitimate?
Big Sandy Regional Industrial Development Authority Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Sandy Regional Industrial Development Authority 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:
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What is the mission statement of Big Sandy Regional Industrial Development Authority Inc?
The Big Sandy Regional Industrial Development Authority Inc serves as a regional development organization, focusing on economic development efforts. Their primary objective is to foster business and industrial growth, thereby increasing job opportunities and enhancing the overall economic base of the region. This region encompasses Floyd, Johnson, Magoffin, Martin, and Pike Counties in Kentucky. To achieve this, BSRIDA actively acquires and develops industrial sites, parks, and subdivisions for economic development purposes. Their mission results in the creation of new jobs, thereby improving the regional economy. Additionally, BSRIDA maintains, markets, and leases the East Kentucky Business Park, with the aim of drawing in more jobs and commerce to the region.
What is the revenue of Big Sandy Regional Industrial Development Authority Inc?
Big Sandy Regional Industrial Development Authority Inc's revenue in 2024 was $1,410.
Who are the executives of Big Sandy Regional Industrial Development Authority Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Big Sandy Regional Industrial Development Authority Inc?
Big Sandy Regional Industrial Development Authority Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Big Sandy Regional Industrial Development Authority Inc
Big Sandy Regional Industrial Development Authority Inc, as a regional development organization, is dedicated to fostering economic growth in Floyd, Johnson, Magoffin, Martin, and Pike Counties in Kentucky. Their mission is to attract businesses and industries to the region, thereby increasing employment opportunities and enhancing the economic base. To accomplish this, Big Sandy Regional Industrial Development Authority Inc is involved in the acquisition and development of industrial sites, parks, and subdivisions, which serves as a catalyst for job creation. Their activities are geared towards improving the overall economic well-being of the region.
In addition to this, Big Sandy Regional Industrial Development Authority Inc manages and markets the East Kentucky Business Park. This initiative is designed to attract more businesses and commerce to the region. By luring more job opportunities, the organization aims to boost the local economy and improve the livelihoods of the people residing in the region. In essence, Big Sandy Regional Industrial Development Authority Inc plays a pivotal role in driving economic development and job creation in the five counties it serves.
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Impact
October, 2024
Big Sandy Regional Industrial Development Authority Inc. plays a crucial role in driving economic development in the Big Sandy region of Kentucky. By focusing on attracting businesses and industries, it significantly contributes to job creation and the enhancement of local commerce.
The authority manages and markets the East Kentucky Business Park, strategically working to increase the region's appeal to potential investors and employers. Its efforts in the acquisition and development of industrial sites, parks, and subdivisions are pivotal in establishing a robust economic foundation for Floyd, Johnson, Magoffin, Martin, and Pike counties.
As a regional development organization, Big Sandy Regional Industrial Development Authority Inc. not only uplifts the local economy but also fosters community improvement by creating sustainable employment opportunities and enhancing the overall economic landscape of the area.
This information is meant to be a general summary of Big Sandy Regional Industrial Development Authority 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: $1,410
- Program Service Revenue: $4,434
- Gross Receipts: $1,410
Assets and Liabilities:
- Total Assets: $3,519,674
- Total Liabilities: $660,179
- Net Assets: $2,859,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
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Revenue
$4,434
Organization Details
Founding Year
1997
Principal Officer
Mike Duncan
NTEE Category
Code: S30 - Community improvement
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