Overview
What is Mcallen Foreign Trade Zone Inc?
Mcallen Foreign Trade Zone Inc is a nonprofit organization situated in MCALLEN, Texas. Their primary objective is to manage and operate the Mcallen Foreign Trade Zone, promoting economic growth and development within the community. By doing so, they aim to create job opportunities and contribute to the overall prosperity of the area. With a team of 18 dedicated individuals, Mcallen Foreign Trade Zone Inc operates with a mission to manage and promote the trade zone in a manner that fosters economic development and job creation.
Official website here: www.mcallenftz.org
Is Mcallen Foreign Trade Zone Inc legitimate?
Mcallen Foreign Trade Zone Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mcallen Foreign Trade Zone Inc 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: $390,859
Professional Fundraising Fees: $0
Other Salaries and Wages: $728,805
For more financial information, click here
Official website here: www.mcallenftz.org
What is the mission statement of Mcallen Foreign Trade Zone Inc?
Mcallen Foreign Trade Zone Inc's mission is centered around promoting, managing, and operating the foreign trade zone as a business. This is done with the primary goal of fostering job creation and economic development within the community. In simpler terms, the organization strives to manage and operate the foreign trade zone in a way that contributes positively to the local economy, creating job opportunities and promoting overall growth. The foreign trade zone serves as a tool for economic development, and the organization's role is to operate and promote it effectively.
Official website here: www.mcallenftz.org
Who is the CEO of Mcallen Foreign Trade Zone Inc?
Mark Garcia is the Executive Vice President of Mcallen Foreign Trade Zone Inc.
Official website here: www.mcallenftz.org
What is the revenue of Mcallen Foreign Trade Zone Inc?
Mcallen Foreign Trade Zone Inc's revenue in 2022 was $6,280,082.
Official website here: www.mcallenftz.org
Who are the executives of Mcallen Foreign Trade Zone Inc and what are their salaries?
The average compensation at Mcallen Foreign Trade Zone Inc during 2022 was $62,204. There are 18 employees at Mcallen Foreign Trade Zone Inc.
Here are 16 key members and their salaries:
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- Compensation: $217,710
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- Compensation: $173,155
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- Other: $9,855
Official website here: www.mcallenftz.org
Where can I find the form 990 for Mcallen Foreign Trade Zone Inc?
Mcallen Foreign Trade Zone Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcallenftz.org
Learn more at the official website: www.mcallenftz.org
Mission Statement of Mcallen Foreign Trade Zone Inc
Mcallen Foreign Trade Zone Inc is dedicated to promoting, managing, and operating its foreign trade zone with a focus on creating jobs and fostering economic development within the community. The organization's mission is twofold: first, it aims to manage and operate the foreign trade zone in a manner that aligns with its original purpose. Second, it strives to contribute to the community's economic growth by creating job opportunities and promoting development. Through its operations, Mcallen Foreign Trade Zone Inc seeks to make a positive impact on the local economy, ultimately benefiting the community as a whole.
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Impact
October, 2024
Mcallen Foreign Trade Zone Inc enhances economic development in the McAllen area by effectively operating and managing the Foreign Trade Zone, fostering a business-friendly environment that attracts international trade. This initiative stimulates local job creation, drives investment, and encourages the growth of various industries. By streamlining customs processes and providing advantageous trade regulations, the organization helps local businesses expand their market reach and improve competitiveness. Ultimately, Mcallen Foreign Trade Zone Inc plays a crucial role in the community's economic vitality and overall prosperity.
This information is meant to be a general summary of Mcallen 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.
- Investment Income: $16,893
- Program Service Revenue: $5,951,571
- Gross Receipts: $6,280,082
Assets and Liabilities:
- Total Assets: $26,850,174
- Total Liabilities: $6,369,127
- Net Assets: $20,481,047
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME
Revenue
$4,728,566
OTHER WAREHOUSE SERVIC
Revenue
$1,223,005
Organization Details
Founding Year
1965
Phone
(956) 682-4306Principal Officer
Mark Garcia
Main Address
6401 S 33RD, MCALLEN, TX, 78503
Website
www.mcallenftz.orgNTEE Category
Code: S30 - Community improvement
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