Overview
What is Economic Development Association?
The Economic Development Association, located in Morgan County, Alabama, is a dedicated nonprofit organization. Its primary mission is to stimulate and promote economic growth within the region. By doing so, they aim to attract both existing and new businesses, offering them opportunities to expand or establish themselves within the area. This initiative ultimately generates employment opportunities and revenue, which positively impacts the entire community. The Economic Development Association serves as a catalyst for the region's development, fostering a prosperous environment.
Official website here: www.mceda.org
Is Economic Development Association legitimate?
Economic Development Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Economic Development Association 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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Other Salaries and Wages: $144,518
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Official website here: www.mceda.org
What is the mission statement of Economic Development Association?
The Economic Development Association's mission is centered around fostering economic growth. This is achieved by stimulating and promoting the area to attract both existing and new businesses, providing them with opportunities to expand and establish in the region. This initiative ultimately leads to the creation of job opportunities and generates revenue, benefiting the entire community. In essence, the association's role is to drive economic development and prosperity.
Official website here: www.mceda.org
What is the revenue of Economic Development Association?
Economic Development Association's revenue in 2024 was $467,770.
Official website here: www.mceda.org
Who are the executives of Economic Development Association and what are their salaries?
The average compensation at Economic Development Association during 2024 was $36,130. There are 4 employees at Economic Development Association.
Here are 17 key members and their salaries:
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Official website here: www.mceda.org
Where can I find the form 990 for Economic Development Association?
Economic Development Association's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mceda.org
Learn more at the official website: www.mceda.org
Mission Statement of Economic Development Association
The Economic Development Association, based in Alabama, is committed to fostering economic growth in Morgan County. Its primary objective is to stimulate and promote the region as an attractive destination for both existing and new businesses. By providing these businesses with opportunities to expand or establish operations in the area, the Economic Development Association aims to create a ripple effect of job creation and revenue generation that benefits the entire community. This nonprofit organization plays a crucial role in driving economic development, ultimately improving the livelihoods of its residents.
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Impact
October, 2024
The Economic Development Association plays a crucial role in fostering economic growth in Morgan County, Alabama. By actively promoting the region and creating an attractive environment for existing and prospective businesses, the association helps to facilitate expansion and new ventures. This initiative directly leads to job creation and increased revenue, significantly benefiting the local community. Through its efforts, the Economic Development Association contributes to the overall improvement of the economic landscape, ensuring that both current residents and newcomers can thrive in a vibrant, economically stable environment.
This information is meant to be a general summary of Economic Development Association. 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: $90,287
- Program Service Revenue: $371,370
- Gross Receipts: $467,770
Assets and Liabilities:
- Total Assets: $2,122,081
- Total Liabilities: $5,377
- Net Assets: $2,116,704
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$371,370
Organization Details
Founding Year
1969
Principal Officer
Jeremy W Nails
Website
www.mceda.orgNTEE Category
Code: S40 - Community improvement
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