Lake Martin Economic Dev Alliance Inc

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

EIN: 631203580 ✦ Alexander city, AL ✦ Designated as a 501(c)(6)

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Overview

What is Lake Martin Economic Dev Alliance Inc?

Lake Martin Economic Dev Alliance Inc, situated in Alexander City, Alabama, is a compact nonprofit organization with a mission to drive growth and prosperity in the region. Their primary objectives include attracting new businesses and industries to the area, as well as ensuring the long-term success of existing ones. With a team of just two dedicated individuals, this alliance plays a crucial role in fostering a robust and thriving economic environment within its jurisdiction.


Official website here: www.lakemartineda.com

Is Lake Martin Economic Dev Alliance Inc legitimate?

Lake Martin Economic Dev Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lake Martin Economic Dev Alliance 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: $163,438

For more financial information, click here


Official website here: www.lakemartineda.com

What is the mission statement of Lake Martin Economic Dev Alliance Inc?

The Lake Martin Economic Development Alliance Inc has a twofold mission. Its primary objective is to attract new businesses and industries to the area. Simultaneously, the Alliance focuses on retaining existing businesses and industries within the organization's purview. By carrying out these tasks, the Alliance aims to contribute to the overall economic growth and development of the area.


Official website here: www.lakemartineda.com

Who is the CEO of Lake Martin Economic Dev Alliance Inc?

T C Coley is the Director of Lake Martin Economic Dev Alliance Inc.


Official website here: www.lakemartineda.com

What is the revenue of Lake Martin Economic Dev Alliance Inc?

Lake Martin Economic Dev Alliance Inc's revenue in 2022 was $285,661.


Official website here: www.lakemartineda.com

Who are the executives of Lake Martin Economic Dev Alliance Inc and what are their salaries?

The average compensation at Lake Martin Economic Dev Alliance Inc during 2022 was $81,719. There are 2 employees at Lake Martin Economic Dev Alliance Inc.


Here are 23 key members and their salaries:


Connie Bainbridge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Woody Baird (Executive Co)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Blasingame (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Brock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Byal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
T C Coley (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Buffy Colvin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Dawkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Dean (Executive Co)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tal East (Executive Co)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Ellis (Executive Co)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Frank Goodman (Executive Co)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Howell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Unzell Kelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Iw Kim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Lim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Lynn (Executive Co)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacob Meachum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Peace (Executive Co)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Potter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Les Sellers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Spencer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Sturdivant (Executive Co)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lakemartineda.com

Where can I find the form 990 for Lake Martin Economic Dev Alliance Inc?

Lake Martin Economic Dev Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lakemartineda.com

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

Mission Statement of Lake Martin Economic Dev Alliance Inc

Lake Martin Economic Development Alliance, in its mission, aims to accomplish two significant objectives. Firstly, it focuses on attracting new businesses and industries to the area. This initiative is crucial in stimulating economic growth and creating job opportunities. Secondly, the Alliance prioritizes the retention of existing businesses and industries within the region. By ensuring the success and stability of established businesses, the Alliance contributes to a robust and sustainable local economy. The Alliance's dual-pronged approach, targeting both new and existing businesses, is a strategic move to foster economic development and promote a thriving business environment.

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Impact




October, 2024

Lake Martin Economic Dev Alliance Inc significantly enhances the economic landscape of the Lake Martin area by attracting new businesses and ensuring the retention of existing industries. Through strategic initiatives, the organization fosters a conducive environment for business growth, leading to job creation and economic stability.

By focusing on attracting new business ventures, Lake Martin Economic Dev Alliance Inc contributes to diversifying the local economy. This diversification not only creates job opportunities but also stimulates local spending, which can further enhance community resources and services.

Additionally, by prioritizing the retention of existing industries, the Alliance plays a crucial role in sustaining established businesses, helping them thrive in a competitive market. This focus on existing businesses ensures that local workforce needs are met, and community members can maintain their livelihoods.

Overall, the impact of Lake Martin Economic Dev Alliance Inc is palpable in the enhanced economic vitality and community improvement within the region, fostering a resilient and prosperous environment for both current and future residents.




This information is meant to be a general summary of Lake Martin Economic Dev Alliance 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
$285,661 (2022)
Expenses
$254,119 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $111
  • Gross Receipts: $285,661

Assets and Liabilities:

  • Total Assets: $122,531
  • Total Liabilities: $0
  • Net Assets: $122,531

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Organization Details

Principal Officer

T C Coley

Main Address

PO BOX 1105, ALEXANDER CITY, AL, 35011

NTEE Category

Code: S30 - Community improvement

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