North Alabama Industrial Development Association Inc

N Al Industrial Development Assoc

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

EIN: 630462380 ✦ Decatur, AL ✦ Designated as a 501(c)(6)

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Overview

What is North Alabama Industrial Development Association Inc?

North Alabama Industrial Development Association Inc, often referred to as N AL Industrial Development Assoc, is a nonprofit organization situated in Decatur, Alabama. With just three dedicated staff members, they focus on fostering economic growth and development in the North Alabama area. Their primary mission involves attracting new businesses and industries to the region, thereby driving local economic expansion. Their headquarters is located at PO Box 1668. While the information provided does not specify their reach or additional programs, it's clear that North Alabama Industrial Development Association Inc plays a crucial role in the economic development of their local community.


Official website here: www.naida.com

Is North Alabama Industrial Development Association Inc legitimate?

North Alabama Industrial Development Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. North Alabama Industrial Development Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $263,000

For more financial information, click here


Official website here: www.naida.com

What is the mission statement of North Alabama Industrial Development Association Inc?

The North Alabama Industrial Development Association Inc is committed to promoting economic growth and development in the North Alabama area. Their mission encompasses recruiting businesses to the region, aiming to bolster the local economy and create opportunities for the community. By focusing on economic development and recruitment, the organization strives to enhance the region's overall prosperity and competitiveness in various industries.


Official website here: www.naida.com

Who is the CEO of North Alabama Industrial Development Association Inc?

Stanley Brooks Kracke is the Member of North Alabama Industrial Development Association Inc.


Official website here: www.naida.com

What is the revenue of North Alabama Industrial Development Association Inc?

North Alabama Industrial Development Association Inc's revenue in 2022 was $755,646.


Official website here: www.naida.com

Who are the executives of North Alabama Industrial Development Association Inc and what are their salaries?

The average compensation at North Alabama Industrial Development Association Inc during 2022 was $87,667. There are 3 employees at North Alabama Industrial Development Association Inc.


Here are 23 key members and their salaries:


Albertville Municipal Utilities Boar (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arab Electric Cooperative (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
City Of Athens Utilities Department (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
City Of Huntsville Utilities (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cullman Electric Cooperative (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cullman Power Board (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Decatur Utilities (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Florence Electric Department (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fort Payne Improvement Authority (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Franklin Electric Cooperative (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Guntersville Electric Board (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hartselle Utilities (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Wheeler Emc (Immediate Pa)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marshall-Dekalb Electric Cooperative (At Large Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Muscle Shoals Electric Board (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
North Alabama Electric Cooperative (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sand Mountain Electric Cooperative (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scottsboro Electric Power Board (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheffield Utilities (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tva (Tva Represen)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tva (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tuscumbia Utilities (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stanley Brooks Kracke (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.naida.com

Where can I find the form 990 for North Alabama Industrial Development Association Inc?

North Alabama Industrial Development Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.naida.com

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

Mission Statement of North Alabama Industrial Development Association Inc

North Alabama Industrial Development Association Inc, in its mission, focuses on economic recruitment and development within the North Alabama area. This organization works tirelessly to attract and foster businesses, thereby contributing to the economic growth of the region. Through its activities, North Alabama Industrial Development Association Inc aims to drive economic development in the area, ultimately leading to a prosperous and thriving community.

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Impact




October, 2024

The North Alabama Industrial Development Association Inc plays a crucial role in driving economic recruitment and development in the North Alabama area. By focusing on attracting new businesses and assisting existing industries, it fosters a vibrant economic environment that benefits the community as a whole.

Its efforts contribute to job creation, workforce development, and the overall improvement of the regional economy. Through targeted initiatives and partnerships, the Association enhances local infrastructure and resources, making North Alabama an attractive destination for investment. This, in turn, supports community enhancement and quality of life for residents by increasing employment opportunities and spurring local economic growth.




This information is meant to be a general summary of North Alabama Industrial Development Association 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
$755,646 (2022)
Expenses
$821,835 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $53
  • Program Service Revenue: $705,192
  • Gross Receipts: $755,646

Assets and Liabilities:

  • Total Assets: $647,168
  • Total Liabilities: $23,683
  • Net Assets: $623,485

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$675,692

440.3-SILVER

Revenue

$13,500

440.1-PLATINUM

Revenue

$10,000

440.2-GOLD

Revenue

$6,000

Organization Details

Founding Year

1949

Principal Officer

Stanley Brooks Kracke

Main Address

PO BOX 1668, DECATUR, AL, 35602

NTEE Category

Code: S40 - Community improvement

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