Ada Industrial Development Corp

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

EIN: 731060614 ✦ Ada, OK ✦ Designated as a 501(c)(6)

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Overview

What is Ada Industrial Development Corp?

Ada Industrial Development Corp is a nonprofit organization situated in Ada, Oklahoma. Their primary mission is to amass and manage land and other assets with the intention of enticing businesses to the area, thereby promoting economic growth. This initiative aims to stimulate local development and attract potential enterprises to the region.


Official website here: www.adaworks.org

Is Ada Industrial Development Corp legitimate?

Ada Industrial Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Ada Industrial 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.adaworks.org

What is the mission statement of Ada Industrial Development Corp?

The Ada Industrial Development Corp's mission revolves around acquiring, holding, and developing land and other assets with the primary objective of attracting interested businesses. This strategic move is aimed at fostering economic development in the relevant area. By bringing in businesses, the corporation contributes to the overall growth and prosperity of the economic landscape.


Official website here: www.adaworks.org

Who is the CEO of Ada Industrial Development Corp?

Jim Dicus is the President of Ada Industrial Development Corp.


Official website here: www.adaworks.org

What is the revenue of Ada Industrial Development Corp?

Ada Industrial Development Corp's revenue in 2022 was $2,631.


Official website here: www.adaworks.org

Who are the executives of Ada Industrial Development Corp and what are their salaries?


Here are 12 key members and their salaries:


Jim Dicus (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Hamby (1St Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Horne Jr (2Nd Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Bagwell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lowry (Assistant Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Eldridge (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Criswell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bart Mccortney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Riley Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Epler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendell Godwin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.adaworks.org

Where can I find the form 990 for Ada Industrial Development Corp?

Ada Industrial Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.adaworks.org

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

Mission Statement of Ada Industrial Development Corp

Ada Industrial Development Corp is committed to its mission of proactively acquiring, holding, and developing land and other assets. This strategic approach serves to attract businesses to the area, thereby fostering economic development. By providing a conducive environment for interested enterprises, the corporation aims to stimulate growth and improve the overall economic landscape.

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Impact




October, 2024

Ada Industrial Development Corp significantly contributes to the economic landscape of Ada, Oklahoma, by acquiring, holding, and developing land and assets designed to attract businesses to the region. This initiative fosters an environment conducive to economic growth, creating job opportunities and enhancing the overall quality of life for residents. By strategically positioning Ada as an appealing destination for potential investors and companies, the corporation plays a crucial role in community improvement, stimulating local commerce, and supporting sustainable development. The focus on proactive development not only boosts the local economy but also cultivates a vibrant business ecosystem that benefits the entire community.




This information is meant to be a general summary of Ada Industrial 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
$2,631 (2022)
Expenses
$9,811 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,151
  • Gross Receipts: $5,151

Assets and Liabilities:

  • Total Assets: $2,373,146
  • Total Liabilities: $0
  • Net Assets: $2,373,146

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Organization Details

Founding Year

1951

Principal Officer

Jim Dicus

Main Address

PO BOX 248, ADA, OK, 748210248

NTEE Category

Code: S31 - Community improvement

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