Overview
What is Mississippi Coast Foreign Trade Zone Inc?
Mississippi Coast Foreign Trade Zone Inc is a nonprofit organization situated in Gulfport, Mississippi. Their primary function is to develop, manage, and oversee foreign trade zones and sub-zones, adhering to the guidelines established by the Foreign Trade Zones Board of the U.S. Department of Commerce. This initiative aims to foster local economic growth by leveraging the foreign trade zone program.
Is Mississippi Coast Foreign Trade Zone Inc legitimate?
Mississippi Coast Foreign Trade Zone Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mississippi Coast Foreign Trade Zone Inc submitted a form 990EZ, 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.
What is the mission statement of Mississippi Coast Foreign Trade Zone Inc?
Mississippi Coast Foreign Trade Zone Inc's mission is centered around promoting local economic growth. They accomplish this by developing, operating, and overseeing foreign trade zones and sub-zones in accordance with the regulations established by the Foreign Trade Zones Board of the U.S. Department of Commerce. This organization's primary objective is to leverage this program to catalyze economic expansion.
Who is the CEO of Mississippi Coast Foreign Trade Zone Inc?
Joe Spraggins is the President of Mississippi Coast Foreign Trade Zone Inc.
What is the revenue of Mississippi Coast Foreign Trade Zone Inc?
Mississippi Coast Foreign Trade Zone Inc's revenue in 2022 was $98,439.
Who are the executives of Mississippi Coast Foreign Trade Zone Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990EZ for Mississippi Coast Foreign Trade Zone Inc?
Mississippi Coast Foreign Trade Zone Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Mississippi Coast Foreign Trade Zone Inc
Mississippi Coast Foreign Trade Zone Inc, in its mission, develops, operates, and oversees foreign trade zones and sub-zones in adherence to the guidelines set by the Foreign Trade Zones Board of the U.S. Department of Commerce. The primary objective of this organization is to stimulate local economic growth by providing this service. By facilitating the operation of foreign trade zones, Mississippi Coast Foreign Trade Zone Inc contributes to the economic development of the community, encouraging businesses to import and export goods without incurring customs duties and taxes until the merchandise leaves the foreign trade zone. This initiative promotes job creation, attracts foreign investment, and fosters a conducive environment for local businesses to thrive, thereby contributing to the overall economic growth of the region.
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Impact
October, 2024
Mississippi Coast Foreign Trade Zone Inc significantly impacts local economic growth by managing foreign trade zones and sub-zones in Gulfport, MS. By facilitating international trade and offering companies the opportunity to engage in global markets, the organization enhances competitiveness for local businesses. This initiative attracts investment, creates jobs, and stimulates economic activity in the region.
The foreign trade zones allow businesses to defer, reduce, or eliminate duties on imports, which can lead to lower operational costs. This economic advantage encourages more companies to establish or expand operations in the area, benefiting the overall community. Additionally, the organization ensures compliance with regulations set by the Foreign Trade Zones Board of the U.S. Department of Commerce, fostering a structured environment for trade that enhances business confidence.
Overall, Mississippi Coast Foreign Trade Zone Inc plays a crucial role in community improvement by stimulating economic development, creating jobs, and supporting local businesses in navigating the complexities of international trade.
This information is meant to be a general summary of Mississippi Coast Foreign Trade Zone 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $98,439
Assets and Liabilities:
- Total Assets: $386,656
- Total Liabilities: $49,712
- Net Assets: $336,944
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Organization Details
Phone
(228) 896-5020Principal Officer
Joe Spraggins
Main Address
PO BOX 569, GULFPORT, MS, 39502
NTEE Category
Code: S40 - Community improvement
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