Overview
What is The Welch Area Development Authority?
The Welch Area Development Authority is a nonprofit organization dedicated to enhancing the local community's livelihood. Their mission involves channeling resources towards the development of new businesses in the downtown area, ultimately contributing to an improved overall quality of life for the community. The organization serves as a catalyst for growth and transformation, providing essential financial support to eligible projects.
Is The Welch Area Development Authority legitimate?
The Welch Area Development Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Welch Area Development Authority 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 The Welch Area Development Authority?
The Welch Area Development Authority's mission is centered around enhancing the local community's quality of life. This is achieved through their program, which provides financial assistance for new business projects in the downtown area. By fostering the growth of these businesses, the authority aims to contribute positively to the community's overall well-being. The program serves as a catalyst for urban development, promoting economic vitality and a vibrant community atmosphere. The authority's initiatives are geared towards improving the local living standards and fostering a sense of community pride.
Who is the CEO of The Welch Area Development Authority?
Ernest Callison is the Vice President of The Welch Area Development Authority.
What is the revenue of The Welch Area Development Authority?
The Welch Area Development Authority's revenue in 2022 was $5,403.
Who are the executives of The Welch Area Development Authority and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for The Welch Area Development Authority?
The Welch Area Development Authority's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of The Welch Area Development Authority
The Welch Area Development Authority, as a nonprofit organization, is committed to enhancing the quality of life in the area it serves. It accomplishes this by offering financial assistance to initiate new business projects within the downtown district. This mission is geared towards stimulating economic growth and improving the overall living standards for the community. By investing in new downtown businesses, the Welch Area Development Authority aims to foster a vibrant and thriving local economy, ultimately contributing to a more enjoyable and fulfilling lifestyle for its residents.
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Impact
August, 2024
The Welch Area Development Authority's impact can be seen through the improvement of the quality of life in Welch, Oklahoma, by providing funds towards new downtown business projects. This initiative not only supports local entrepreneurship but also contributes to the overall economic development of the community. Through these efforts, the Welch Area Development Authority plays a crucial role in fostering community improvement and growth in the area.
This information is meant to be a general summary of The Welch Area Development Authority. 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.
- Investment Income: $3
- Gross Receipts: $5,403
Assets and Liabilities:
- Total Assets: $221,679
- Total Liabilities: $7,650
- Net Assets: $214,029
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Organization Details
Principal Officer
Ernest Callison
Main Address
PO BOX 88, WELCH, OK, 74369
NTEE Category
Code: S31 - Community improvement
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