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Medina Economic Development Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742518686 ✦ Hondo, TX ✦ Designated as a 501(c)(3)

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Overview

What is Medina Economic Development Foundation Inc?

Medina Economic Development Foundation Inc is a nonprofit organization committed to fostering economic growth in Medina County. Their primary goal is to attract new businesses and industries to the area by leveraging available resources at both the state, regional, and local levels. Regular meetings and communication are employed to encourage economic development within Medina County. The foundation's mission encompasses the overall improvement of the county's economic landscape.

Is Medina Economic Development Foundation Inc legitimate?

Medina Economic Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medina Economic Development Foundation Inc 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 Medina Economic Development Foundation Inc?

The Medina Economic Development Foundation Inc's mission is centered around fostering economic growth in its respective area. This is achieved by attracting new businesses and industries, utilizing available resources from various levels such as state, regional, and local entities. The organization actively promotes economic development within its sphere, organizing meetings and communicating effectively to further this goal. In essence, the mission of Medina Economic Development Foundation Inc is geared towards enhancing economic prosperity.

Who is the CEO of Medina Economic Development Foundation Inc?

Raymond Aaron Padilla is the Treasurer of Medina Economic Development Foundation Inc.

What is the revenue of Medina Economic Development Foundation Inc?

Medina Economic Development Foundation Inc's revenue in 2022 was $100,057.

Who are the executives of Medina Economic Development Foundation Inc and what are their salaries?


Here are 4 key members and their salaries:


Keith Lutz (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Harkins (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond Aaron Padilla (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Boyd (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Medina Economic Development Foundation Inc?

Medina Economic Development Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Medina Economic Development Foundation Inc

The Medina Economic Development Foundation Inc is committed to fostering economic growth in Medina County. Their mission is twofold: firstly, they aim to attract new businesses and industries to the county by leveraging available resources from both local and regional sources. Secondly, they engage in regular meetings and communications to stimulate economic development within the county. In essence, the Medina Economic Development Foundation Inc is dedicated to enhancing the economic landscape of Medina County.

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Impact




October, 2024

Medina Economic Development Foundation Inc plays a crucial role in fostering economic growth in Medina County, Texas. By actively attracting new businesses and industries, the foundation enhances local economic opportunities and boosts job creation. It identifies and leverages resources at state, regional, and local levels to facilitate this growth.

Through strategic meetings and effective communication, the foundation promotes collaboration among stakeholders, ensuring that the interests of the community are prioritized. Its focused efforts not only stimulate economic development but also improve the overall quality of life for residents. By driving investment into the region, the organization supports sustainable growth, making Medina County a more attractive place for both businesses and families.




This information is meant to be a general summary of Medina Economic Development 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.

Revenue
$100,057 (2022)
Expenses
$150,408 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13
  • Gross Receipts: $100,057

Assets and Liabilities:

  • Total Assets: $195,061
  • Total Liabilities: $0
  • Net Assets: $195,061

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Organization Details

Principal Officer

Raymond Aaron Padilla

Main Address

PO Box 73, Hondo, TX, 78861

NTEE Category

Code: P20 - Human services

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