Overview
What is Temple Economic Development Corporation?
The Temple Economic Development Corporation is a nonprofit organization committed to stimulating economic growth and job creation in Temple, Texas. Their primary focus lies in two significant sectors: the Temple Health and Bioscience District and the automotive industry. By fostering development in these areas, they aim to bring substantial benefits to the city.
Official website here: www.choosetemple.com
What are the reviews and ratings of this charity?
Temple Economic Development Corporation is currently not rated by Charity Navigator. This absence of a rating does not reflect positively or negatively on the organization but indicates that it has not undergone evaluation primarily due to its classification not aligning with the 501(c)(3) criteria required for such ratings. Consequently, aspects such as Leadership & Adaptability, Culture & Community, and Impact & Measurement remain unevaluated.
Despite its lack of current evaluation, the lack of historical financial data suggests that financial transparency and accountability insights aren't readily accessible for this organization. As an independent entity, Temple Economic Development Corporation operates without affiliations with broader organizational networks, which may impact how it is perceived in terms of collaborative strength and resource availability.
Without user reviews on GreatNonprofits, public perceptions and experiences remain largely undocumented. This means potential stakeholders and community members have limited third-party insights or anecdotal evidence to guide their understanding of the organization's effectiveness or community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Temple Economic Development Corporation legitimate?
Temple Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Temple Economic Development Corporation 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: $448,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,222
For more financial information, click here
Official website here: www.choosetemple.com
What is the mission statement of Temple Economic Development Corporation?
The Temple Economic Development Corporation is dedicated to stimulating economic growth and job creation in two key sectors. The first area of focus is the Temple Health and Bioscience District, which holds significant potential for driving economic advancement. The second area is the automotive industry, another promising avenue for economic expansion. Through its initiatives in these fields, the Temple Economic Development Corporation aims to enhance the city's economy and create new opportunities.
Official website here: www.choosetemple.com
Who is the CEO of Temple Economic Development Corporation?
Adrian Cannady is the Director of Temple Economic Development Corporation.
Official website here: www.choosetemple.com
What is the revenue of Temple Economic Development Corporation?
Temple Economic Development Corporation's revenue in 2022 was $25,893,208.
Official website here: www.choosetemple.com
Who are the executives of Temple Economic Development Corporation and what are their salaries?
The average compensation at Temple Economic Development Corporation during 2022 was $167,006. There are 4 employees at Temple Economic Development Corporation.
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- Compensation: $317,000
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- Other: $15,000
Official website here: www.choosetemple.com
Where can I find the form 990 for Temple Economic Development Corporation?
Temple Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.choosetemple.com
Learn more at the official website: www.choosetemple.com
Mission Statement of Temple Economic Development Corporation
The Temple Economic Development Corporation, headquartered in Texas, is dedicated to driving economic growth and job creation within the organization's areas of focus, which encompass the Temple Health and Bioscience District and the automotive industry. By concentrating on these sectors, the Corporation aims to bring about substantial improvements to the local economy.
In the realm of health and bioscience, the Temple Economic Development Corporation is working diligently to foster an environment conducive to innovation, growth, and collaboration. This district represents a significant opportunity to attract research institutions, medical providers, and related businesses, all contributing to a thriving ecosystem that could lead to groundbreaking discoveries and the creation of high-quality jobs.
Meanwhile, the Corporation's foray into the automotive industry is another strategic move designed to generate economic momentum. The Temple Economic Development Corporation understands the potential that this sector holds, as it is responsible for manufacturing, sales, and maintenance of vehicles and their components. By supporting businesses in this area and encouraging development, the Corporation is aiming to create a robust and self-sustaining industry that will contribute to the overall economic prosperity of the region.
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Impact
October, 2024
The Temple Economic Development Corporation significantly impacts the city of Temple, Texas, by driving economic development and job creation through targeted initiatives. By concentrating on the Temple Health and Bioscience District and the automotive industry, the corporation aims to enhance local economic activity and provide substantial employment opportunities. This focus not only supports community improvement but also positions Temple as a key player in vital sectors that can spur growth, innovation, and prosperity. The strategic development of these areas stands to generate a ripple effect throughout the local economy, attracting businesses, fostering partnerships, and enriching the workforce.
This information is meant to be a general summary of Temple Economic Development Corporation. 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: $88,940
- Gross Receipts: $26,365,723
Assets and Liabilities:
- Total Assets: $53,020,825
- Total Liabilities: $6,436,396
- Net Assets: $46,584,429
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Organization Details
Founding Year
1988
Principal Officer
Adrian Cannady
Main Address
201 SANTA FE WAY SUITE 103, TEMPLE, TX, 76501
Website
www.choosetemple.comNTEE Category
Code: S30 - Community improvement
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