Overview
What is Hopkins County Development Corporation?
Hopkins County Development Corporation is a nonprofit organization situated in Madisonville, Kentucky, with a postal address at 900 Hospital Drive, 42431. Its primary mission is to support individual companies in need of financing, with the ultimate goal of stimulating property development in Hopkins County. This initiative aims to create additional job opportunities in a rural area of Kentucky. Additionally, the corporation provides funding for endowed professorships, aiming to cultivate highly skilled health professionals who are in demand by local healthcare providers and hospitals.
Is Hopkins County Development Corporation legitimate?
Hopkins County Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Hopkins County Development Corporation 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.
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What is the mission statement of Hopkins County Development Corporation?
The Hopkins County Development Corporation's mission is geared towards aiding individual companies in need of financing, with the ultimate goal of developing property in a rural area. This initiative aims to create additional job opportunities. Furthermore, the corporation provides funding for endowed professorships to ensure the availability of highly trained health professionals. These professionals can be considered for employment by local healthcare providers and hospitals, contributing to improved healthcare services in the region.
Who is the CEO of Hopkins County Development Corporation?
Steve Cox is the Treasurer of Hopkins County Development Corporation.
What is the revenue of Hopkins County Development Corporation?
Hopkins County Development Corporation's revenue in 2020 was $26,684.
Who are the executives of Hopkins County Development Corporation 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 Hopkins County Development Corporation?
Hopkins County Development Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Hopkins County Development Corporation
Hopkins County Development Corporation, a nonprofit organization, is committed to assisting individual companies in need of financing. The primary aim is to facilitate the development of property in Hopkins County, a rural area of Kentucky. This initiative aims to provide additional job opportunities, contributing positively to the local economy.
In addition to its financial aid services, Hopkins County Development Corporation also focuses on enhancing the quality of healthcare services in the area. To achieve this, the organization provides funding for endowed professorships. These endowed professorships are designed to train the best possible health professionals. Once trained, these professionals are considered for employment opportunities with local healthcare providers and hospitals. This strategic approach ensures that the rural community has access to highly skilled healthcare professionals.
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Impact
October, 2024
Hopkins County Development Corporation significantly impacts the local economy by facilitating financing for companies seeking to develop properties in Hopkins County. This initiative not only fosters the growth of businesses but also creates additional job opportunities in this rural area of Kentucky, helping to stimulate economic activity and improve the overall quality of life for its residents.
Moreover, the corporation plays a vital role in enhancing the healthcare workforce by funding endowed professorships. This investment ensures that area healthcare providers and hospitals have access to highly trained health professionals, thereby improving the quality of healthcare services in the community. The dual focus on economic development and healthcare education underscores the organization's commitment to fostering a thriving and sustainable community in Madisonville and the surrounding regions.
This information is meant to be a general summary of Hopkins County Development Corporation. 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 2020.
- Investment Income: $22,917
- Gross Receipts: $26,684
Assets and Liabilities:
- Total Assets: $1,455,691
- Total Liabilities: $0
- Net Assets: $1,455,691
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Organization Details
Founding Year
1965
Phone
(270) 825-5781Principal Officer
Steve Cox
Main Address
900 HOSPITAL DRIVE, MADISONVILLE, KY, 42431
NTEE Category
Code: S31 - Community improvement
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