The Industrial Development Corp Of The City Of Mckenzie Tennessee

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

EIN: 621248814 ✦ Mckenzie, TN ✦ Designated as a 501(c)(6)

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Overview

What is The Industrial Development Corp Of The City Of Mckenzie Tennessee?

The Industrial Development Corp of the City of Mckenzie Tennessee is a nonprofit organization situated in Mckenzie, Tennessee. Its primary mission is to foster the growth and prosperity of the local economy by attracting and retaining industries within the Mckenzie area. The corporation achieves this objective through various programs that cater to the needs of both existing and potential industries. As an urban community economic development entity, it serves as a vital resource for the Mckenzie community, promoting industrial growth and development.


Official website here: www.mckenzietnindustry.com

Is The Industrial Development Corp Of The City Of Mckenzie Tennessee legitimate?

The Industrial Development Corp Of The City Of Mckenzie Tennessee is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Industrial Development Corp Of The City Of Mckenzie Tennessee 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: $54,820

For more financial information, click here


Official website here: www.mckenzietnindustry.com

What is the mission statement of The Industrial Development Corp Of The City Of Mckenzie Tennessee?

The Industrial Development Corporation, based in an unspecified location, is committed to a mission aimed at attracting and retaining industries in its operational area. This organization operates as an urban community economic development entity, providing support programs to facilitate industry attraction and retention. Its primary objective is to foster a conducive business environment, thereby contributing to the local economy and creating employment opportunities. The corporation actively seeks to attract new industries and encourages the growth of existing ones, ultimately enhancing the overall economic vitality of its operational region.


Official website here: www.mckenzietnindustry.com

Who is the CEO of The Industrial Development Corp Of The City Of Mckenzie Tennessee?

Monica Heath is the Director of The Industrial Development Corp Of The City Of Mckenzie Tennessee.


Official website here: www.mckenzietnindustry.com

What is the revenue of The Industrial Development Corp Of The City Of Mckenzie Tennessee?

The Industrial Development Corp Of The City Of Mckenzie Tennessee's revenue in 2022 was $1,645,711.


Official website here: www.mckenzietnindustry.com

Who are the executives of The Industrial Development Corp Of The City Of Mckenzie Tennessee and what are their salaries?

The average compensation at The Industrial Development Corp Of The City Of Mckenzie Tennessee during 2022 was $27,410. There are 2 employees and 10 volunteers at The Industrial Development Corp Of The City Of Mckenzie Tennessee.


Here are 9 key members and their salaries:


Letha Basford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Coleman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Howell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Merrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Priestley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Simmons (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Washburn (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Webb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mckenzietnindustry.com

Where can I find the form 990 for The Industrial Development Corp Of The City Of Mckenzie Tennessee?

The Industrial Development Corp Of The City Of Mckenzie Tennessee's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mckenzietnindustry.com

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

Mission Statement of The Industrial Development Corp Of The City Of Mckenzie Tennessee

The Industrial Development Corp of the City of McKenzie Tennessee is dedicated to a crucial mission: attracting and retaining industries within the McKenzie, TN area. This mission-driven organization serves as a catalyst for economic growth, employing various programs designed to support the establishment and expansion of industries within its jurisdiction. By attracting and retaining industries, the corporation contributes to the local economy, creating job opportunities and fostering a thriving community. Operating as an urban community economic development entity, the Industrial Development Corp of the City of McKenzie Tennessee plays a significant role in the region's economic well-being, working tirelessly to promote industrial growth and development.

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Impact




October, 2024

The Industrial Development Corp of the City of McKenzie, Tennessee, plays a vital role in fostering economic growth and sustainability in the region. By focusing on attracting and retaining industries, the organization helps create a more robust economic landscape, which benefits local residents through job creation and enhanced business opportunities.

Through various programs and initiatives, the Corp actively supports industries looking to establish operations in McKenzie, providing essential resources and incentives that make the area attractive for businesses. This, in turn, leads to increased investment in the community, contributing to infrastructure improvements and a better quality of life for its inhabitants.

Moreover, the presence of diverse industries enhances the local economy's resilience, making it less vulnerable to economic downturns. By building strong relationships with existing businesses and facilitating new industry arrivals, the Industrial Development Corp strengthens McKenzie’s community fabric, ensuring ongoing community improvement and prosperity.




This information is meant to be a general summary of The Industrial Development Corp Of The City Of Mckenzie Tennessee. 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
$1,645,711 (2022)
Expenses
$406,048 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $179,970
  • Gross Receipts: $2,648,400

Assets and Liabilities:

  • Total Assets: $3,609,090
  • Total Liabilities: $12,256
  • Net Assets: $3,596,834

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Organization Details

Founding Year

1962

Principal Officer

Monica Heath

Main Address

9 BROADWAY STREET, MCKENZIE, TN, 38201

NTEE Category

Code: S31 - Community improvement

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