Jonesboro Economic Development Corp

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

EIN: 710586033 ✦ Jonesboro, AR ✦ Designated as a 501(c)(4)

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Overview

What is Jonesboro Economic Development Corp?

Jonesboro Economic Development Corp is a nonprofit organization situated in Jonesboro, Arkansas. The primary objective of this corporation is to stimulate and boost the economic growth of the city. To achieve this mission, they make disbursements to various corporations, supporting their initiatives for economic development. Their activities are centered around encouraging and promoting economic advancement within the Jonesboro community.


Official website here: www.jonesborochamber.com

Is Jonesboro Economic Development Corp legitimate?

Jonesboro Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Jonesboro Economic Development Corp 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: $0

For more financial information, click here


Official website here: www.jonesborochamber.com

What is the mission statement of Jonesboro Economic Development Corp?

The Jonesboro Economic Development Corp's mission is centered around encouraging and promoting economic growth. Their primary objective is to foster economic development within their sphere, working towards the betterment of their economic landscape. They accomplish this by making disbursements to corporations, providing them with the necessary resources to stimulate economic growth. This organization plays a crucial role in driving the economic development of their community.


Official website here: www.jonesborochamber.com

What is the revenue of Jonesboro Economic Development Corp?

Jonesboro Economic Development Corp's revenue in 2024 was $98,511.


Official website here: www.jonesborochamber.com

Who are the executives of Jonesboro Economic Development Corp and what are their salaries?

Here are 3 key members and their salaries:


Kevin Hufstedler (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Mayfield (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beverly Nix (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.jonesborochamber.com

Where can I find the form 990 for Jonesboro Economic Development Corp?

Jonesboro Economic Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.jonesborochamber.com

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

Mission Statement of Jonesboro Economic Development Corp

Jonesboro Economic Development Corp, as its name suggests, is dedicated to fostering and advancing the economic growth of the community. Their primary mission is to encourage and promote economic development within the area, working towards the betterment of the local economy. This nonprofit organization takes an active role in disbursing funds to various corporations, contributing to their economic development initiatives. By supporting these corporations, Jonesboro Economic Development Corp plays a significant role in driving economic progress and improving the overall well-being of the community.

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Impact




October, 2024

The Jonesboro Economic Development Corp significantly impacts the local economy by encouraging and promoting economic development initiatives within the city. Through various disbursements made to corporations, it facilitates growth and investment in Jonesboro, fostering an environment that attracts businesses and enhances job opportunities. This commitment to economic enhancement not only supports existing enterprises but also stimulates the overall prosperity of the community, leading to improvements in infrastructure, workforce development, and quality of life for residents. By focusing on strategic partnerships and investments, the organization plays a crucial role in making Jonesboro a competitive and appealing place for businesses to thrive.




This information is meant to be a general summary of Jonesboro Economic Development Corp. 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
$98,511 (2024)
Expenses
$241,111 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $34,978
  • Gross Receipts: $98,511

Assets and Liabilities:

  • Total Assets: $9,334,493
  • Total Liabilities: $3,976,402
  • Net Assets: $5,358,091

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Organization Details

Founding Year

1956

Principal Officer

Beverly Nix

NTEE Category

Code: S31 - Community improvement

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