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East Mississippi Business Development Co

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

EIN: 640811158 ✦ Meridian, MS ✦ Designated as a 501(c)(6)

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Overview

What is East Mississippi Business Development Co?

The East Mississippi Business Development Corporation (EMBDC) is a nonprofit organization, serving as both the Chamber of Commerce and Economic Development agency for Meridian and Lauderdale County. Established in 1996 by forward-thinking business leaders, its primary mission is to foster a prosperous economy by cultivating diverse leadership, enhancing education, attracting new investments, and supporting the growth of existing businesses and industries within the area. The EMBDC serves a wide network of over 500 dues-paying members, extending its reach beyond the City of Meridian and the Town of Marion to contribute to Lauderdale County's economic development.


Official website here: www.embdc.org

Is East Mississippi Business Development Co legitimate?

East Mississippi Business Development Co is a legitimate nonprofit organization registered as a 501(c)(6) entity. East Mississippi Business Development Co 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: $245,342
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.embdc.org

What is the mission statement of East Mississippi Business Development Co?

The East Mississippi Business Development Company, as a not-for-profit organization, aims to foster a diverse leadership culture that strives for economic prosperity. This is achieved through the pursuit of excellence in education, attracting new investments, and nurturing the growth of existing businesses and industries. The organization, established by forward-thinking business leaders, serves its mission within an unspecified geographical region, catering to a substantial membership base.


Official website here: www.embdc.org

Who is the CEO of East Mississippi Business Development Co?

Bill Hannah is the Director of East Mississippi Business Development Co.


Official website here: www.embdc.org

What is the revenue of East Mississippi Business Development Co?

East Mississippi Business Development Co's revenue in 2022 was $820,650.


Official website here: www.embdc.org

Who are the executives of East Mississippi Business Development Co and what are their salaries?

The average compensation at East Mississippi Business Development Co during 2022 was $61,336. There are 4 employees at East Mississippi Business Development Co.


Here are 21 key members and their salaries:


Ann Alexander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Bell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cole Cardwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larkin Kennedy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richmond Alexander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Archie Mcdonnell Jr (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Waters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jorge Frias (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Copeland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dixie Labruyere (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donnie Massey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Mcdonald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerome Roberts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wade Sims (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Wile (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Dale Cruse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Commodore Robert Lanane Ii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Phillips (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Hannah (President)
  • Compensation: $245,342
  • Related: $0
  • Other: $0


Official website here: www.embdc.org

Where can I find the form 990 for East Mississippi Business Development Co?

East Mississippi Business Development Co's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.embdc.org

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

Mission Statement of East Mississippi Business Development Co

The East Mississippi Business Development Co, as a not-for-profit organization, is committed to fostering a diverse leadership culture. Their mission is centered around achieving economic prosperity through three key strategies: excelling in education, encouraging new investment, and nurturing existing businesses and industries. This mission is carried out with the goal of empowering this diverse leadership culture to reach new heights of economic wealth.

Established by a group of forward-thinking business leaders, the East Mississippi Business Development Co serves multiple entities, including the City of Meridian, the Town of Marion, and Lauderdale County. With over 500 dues-paying members, this organization is dedicated to supporting the economic growth of its community. By focusing on education, new investment, and the development of existing businesses and industries, the East Mississippi Business Development Co is working to create a thriving and prosperous environment for its community.

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Impact




October, 2024

East Mississippi Business Development Co plays a crucial role in fostering economic growth and enhancing the community's leadership landscape in Meridian and Lauderdale County. By focusing on empowering a diverse leadership culture, the organization addresses the need for inclusive decision-making that can drive sustainable economic wealth.

Its commitment to excellence in education ensures that the workforce is well-prepared to meet the demands of a dynamic economy, while efforts to attract new investments stimulate local business growth and job creation. Additionally, the nurturing of existing businesses and industries helps to stabilize and strengthen the local economy, providing support that allows these entities to thrive in a competitive landscape.

Since its formation in 1996, the East Mississippi Business Development Co has acted as a vital link between over 500 members and various stakeholders, facilitating collaboration and innovation that benefits the broader community. The organization’s vision is grounded in the belief that a united and empowered leadership can significantly impact the region's economic landscape, ultimately enhancing the quality of life for residents in Meridian and Lauderdale County.




This information is meant to be a general summary of East Mississippi Business Development Co. 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
$820,650 (2022)
Expenses
$857,212 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $27,804
  • Gross Receipts: $882,050

Assets and Liabilities:

  • Total Assets: $2,643,777
  • Total Liabilities: $626,282
  • Net Assets: $2,017,495

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Organization Details

Founding Year

1996

Principal Officer

Bill Hannah

Main Address

200 22ND AVENUE, MERIDIAN, MS, 39301

NTEE Category

Code: X99Z - Religion related

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