Overview
What is Industrial Corporation Of Luling Texas?
The Industrial Corporation of Luling, Texas, is a 501(c)(6) tax-exempt organization, established with the purpose of drawing industry and job prospects to the local economy. Situated in Luling, Texas, this corporation achieves its goal by leasing facilities to businesses. By doing so, it provides an avenue for industry growth and employment opportunities within the community and its surrounding areas. The corporation's mission is to boost the local economy by fostering business development and fostering employment opportunities for the residents of Luling, Texas.
Is Industrial Corporation Of Luling Texas legitimate?
Industrial Corporation Of Luling Texas is a legitimate nonprofit organization registered as a 501(c)(6) entity. Industrial Corporation Of Luling Texas 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.
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What is the mission statement of Industrial Corporation Of Luling Texas?
The Industrial Corporation of Texas, operating in an undisclosed location, is established with a mission to lease facilities to businesses. This initiative aims to foster industry and related employment opportunities within the community and its surroundings. By attracting businesses to the area, the corporation contributes to the local economy, providing a source of employment for residents. The organization's activities are structured under IRC 501[c][6], a tax-exempt industrial park status, to stimulate economic growth and job creation.
Who is the CEO of Industrial Corporation Of Luling Texas?
Lem Allen Jr is the President of Industrial Corporation Of Luling Texas.
What is the revenue of Industrial Corporation Of Luling Texas?
Industrial Corporation Of Luling Texas's revenue in 2022 was $27,344.
Who are the executives of Industrial Corporation Of Luling Texas and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Industrial Corporation Of Luling Texas?
Industrial Corporation Of Luling Texas's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Industrial Corporation Of Luling Texas
The Industrial Corporation of Luling Texas, established as a tax-exempt industrial park under IRC 501[c][6], is dedicated to providing rental facilities to businesses. This mission serves a crucial role in attracting industry and related employment opportunities to the local economy. By leasing out these facilities, the corporation aims to create job prospects for the residents of the community and the surrounding area. This initiative not only boosts the local economy but also offers a chance for businesses to thrive and grow, ultimately benefiting the community as a whole.
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Impact
October, 2024
The Industrial Corporation of Luling, Texas plays a crucial role in enhancing the local economy by attracting businesses to the area. By providing rental facilities to incoming industries, it facilitates the growth of job opportunities, which directly benefits residents of Luling and the surrounding regions. This initiative fosters economic development, increases the local tax base, and reduces unemployment rates, thereby improving the quality of life for community members. The corporation’s focus on industry-related employment not only supports individual livelihoods but also strengthens the overall economic stability of the area, contributing significantly to community improvement and sustainability.
This information is meant to be a general summary of Industrial Corporation Of Luling Texas. 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: $2,807
- Gross Receipts: $107,807
Assets and Liabilities:
- Total Assets: $1,166,660
- Total Liabilities: $6,885
- Net Assets: $1,159,775
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Organization Details
Founding Year
1982
Phone
(830) 875-2818Principal Officer
Lem Allen Jr
Main Address
515 E DAVIS, LULING, TX, 78648
NTEE Category
Code: S31 - Community improvement
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