Overview
What is Pedco Foundation Inc?
Pedco Foundation Inc, located in Pueblo, Colorado, is a nonprofit organization primarily focused on promoting economic development initiatives in the local area. They achieve this by collaborating with the Pueblo Economic Development Corporation (PEDCO) and the City of Pueblo, using funds from the city's 1/2 cent sales tax economic development fund. The foundation's mission is to create new primary jobs in the Pueblo area by providing facilities for new employers. This support contributes to the overall economic growth and development of the community.
Is Pedco Foundation Inc legitimate?
Pedco Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pedco Foundation 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.
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What is the mission statement of Pedco Foundation Inc?
The Pedco Foundation Inc's mission revolves around assisting the Pueblo Economic Development Corporation (PEDCO) and local cities, particularly Pueblo, in creating new primary jobs by providing necessary facilities for new employers. These facilities are partially or fully funded by the city's 1/2 cent sales tax economic development fund. The foundation's role also includes offering educational and other forms of assistance to local organizations, aiming to promote economic development initiatives.
What is the revenue of Pedco Foundation Inc?
Pedco Foundation Inc's revenue in 2024 was $60,777.
Who are the executives of Pedco Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Pedco Foundation Inc?
Pedco Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Pedco Foundation Inc
Pedco Foundation Inc, a nonprofit organization, is devoted to assisting the Pueblo Economic Development Corporation (PEDCO) and the city of Pueblo in creating new primary jobs within the Pueblo area. This is primarily achieved by providing facilities for new employers, some of whom are partially or fully funded by the city's 0.5 cent sales tax economic development fund. The foundation's mission is to promote economic development initiatives in Pueblo by offering educational assistance and other forms of support to local organizations. By doing so, Pedco Foundation Inc plays a crucial role in fostering growth and employment opportunities within the community.
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Impact
October, 2024
Pedco Foundation Inc plays a vital role in fostering economic development in the Pueblo area by creating new primary jobs. By providing essential facilities for new employers, the organization leverages funding from the City of Pueblo's 1/2 cent sales tax economic development fund to attract and support businesses in the region.
Through its initiatives, Pedco Foundation Inc not only enhances job opportunities but also strengthens the local economy by promoting a thriving business environment. The foundation emphasizes education and assistance for Pueblo organizations, empowering them to implement impactful economic development initiatives. This concerted focus on job creation and economic support significantly contributes to the overall improvement of the community, making Pueblo a more attractive place for employers and employees alike.
This information is meant to be a general summary of Pedco Foundation 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 2024.
- Investment Income: $39,777
- Gross Receipts: $60,777
Assets and Liabilities:
- Total Assets: $1,754,831
- Total Liabilities: $0
- Net Assets: $1,754,831
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Organization Details
Founding Year
1987
Principal Officer
Andrew Lang
NTEE Category
Code: S30 - Community improvement
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