Economic Development Association Of Alabama Inc

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

EIN: 630886994 ✦ Montgomery, AL ✦ Designated as a 501(c)(6)

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Overview

What is Economic Development Association Of Alabama Inc?

The Economic Development Association of Alabama Inc, situated in Montgomery, Alabama, is a nonprofit organization with a strong focus on promoting economic growth and development within the state. They achieve this by organizing conferences and workshops, enriching their members with advanced knowledge on economic development strategies. Furthermore, they actively advocate for policies and initiatives that have the potential to positively impact the economic development community and professionals in Alabama, utilizing both legislation and professional development as tools. With a small team of two dedicated employees, the Economic Development Association of Alabama Inc is committed to contributing to the economic prosperity of Alabama.


Official website here: www.edaa.org

Is Economic Development Association Of Alabama Inc legitimate?

Economic Development Association Of Alabama Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Economic Development Association Of Alabama 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: $190,535
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,381

For more financial information, click here


Official website here: www.edaa.org

What is the mission statement of Economic Development Association Of Alabama Inc?

The Economic Development Association of Alabama Inc. has a mission to actively advocate for issues that positively impact the economic development sector in Alabama, primarily through legislation and professional development. This organization aims to enhance the knowledge of its members by organizing conferences and workshops, thereby promoting advanced methods in economic development. Their main objective is to contribute positively to the economic growth and development community in Alabama.


Official website here: www.edaa.org

What is the revenue of Economic Development Association Of Alabama Inc?

Economic Development Association Of Alabama Inc's revenue in 2023 was $1,151,069.


Official website here: www.edaa.org

Who are the executives of Economic Development Association Of Alabama Inc and what are their salaries?

The average compensation at Economic Development Association Of Alabama Inc during 2023 was $124,958. There are 2 employees at Economic Development Association Of Alabama Inc.

Here are 13 key members and their salaries:


Allison Brantley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Busby (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cary Cox (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Johnson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shane Kearney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisaa Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taylor Williams (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Smith (First Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janie Troutman (Second Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melody Whitten (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brooks Kracke (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Searcy (Executive Director)
  • Compensation: $140,658
  • Related: $0
  • Other: $35,398


Official website here: www.edaa.org

Where can I find the form 990 for Economic Development Association Of Alabama Inc?

Economic Development Association Of Alabama Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.edaa.org

Learn more at the official website: www.edaa.org

Mission Statement of Economic Development Association Of Alabama Inc

The Economic Development Association of Alabama Inc, as a dedicated nonprofit organization, intentionally advocates for issues that have the potential to positively influence the economic development sector and profession in Alabama. This advocacy is primarily achieved through legislation and professional development initiatives. The association's mission is to contribute to the betterment of the economic development community and profession in Alabama, thereby fostering growth and progress.

To accomplish this mission, the Economic Development Association of Alabama Inc organizes conferences and workshops. These events serve as valuable learning platforms for its members, expanding their knowledge of various economic development methods. By engaging in these activities, the association aims to equip its members with the necessary tools and insights to effectively contribute to the economic development of Alabama.

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Impact




October, 2024

The Economic Development Association of Alabama Inc (EDAA) plays a crucial role in enhancing the economic landscape of Alabama by advocating for policies and initiatives that benefit the economic development community. Through targeted legislative advocacy, EDAA addresses key issues affecting economic growth and development in the state, ensuring that the interests of its members are represented and championed on various platforms.

With its focus on professional development, EDAA organizes conferences and workshops designed to equip members with advanced knowledge and practical skills in economic development methods. These educational opportunities foster collaboration and innovation, enabling members to implement effective strategies that promote community improvement and economic sustainability.

By bringing together industry professionals, EDAA facilitates networking and the sharing of best practices, which further strengthens the economic development profession in Alabama. Ultimately, the association's efforts contribute to a more robust economy, improved community resilience, and a heightened capacity for growth and development across the state.




This information is meant to be a general summary of Economic Development Association Of Alabama 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
$1,151,069 (2023)
Expenses
$1,084,633 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $8,331
  • Program Service Revenue: $1,101,442
  • Gross Receipts: $1,151,069

Assets and Liabilities:

  • Total Assets: $775,092
  • Total Liabilities: $335,088
  • Net Assets: $440,004

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Programs

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

CONFERENCES/WORKSHOPS

Revenue

$733,942

MEMBERSHIP DUES

Revenue

$180,500

SPONSORSHIPS

Revenue

$154,000

RETAIL COMMITTEE

Revenue

$33,000

Organization Details

Founding Year

1996

Principal Officer

Jim Searcy

NTEE Category

Code: S30 - Community improvement

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