Overview
What is Killeen Economic Development?
Killeen Economic Development is a nonprofit organization based in Killeen, Texas, specifically at ONE SANTA FE PLAZA. Their primary mission is to stimulate economic growth within the community by expanding existing businesses and attracting new ones. To achieve this goal, they offer matching scholarship funds generated within the community, which are earmarked for the construction of the National Mounted Warfare Museum. This strategic initiative aims to draw in visitors and boost the local economy.
Is Killeen Economic Development legitimate?
Killeen Economic Development is a legitimate nonprofit organization registered as a 501(c)(6) entity. Killeen Economic Development 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 Killeen Economic Development?
Killeen Economic Development is committed to fostering economic growth within its community. This is achieved by both expanding existing businesses and attracting new ones. The organization's mission is to actively contribute to the economic development of the community, thereby enhancing its overall prosperity. Additionally, they provide matching scholarship funds, which are generated within the community, and these funds are primarily utilized for constructing significant projects, such as the National Mounted Warfare Museum.
What is the revenue of Killeen Economic Development?
Killeen Economic Development's revenue in 2023 was $2,552,550.
Who are the executives of Killeen Economic Development and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Killeen Economic Development?
Killeen Economic Development's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Killeen Economic Development
Killeen Economic Development, as an organization, is committed to driving economic growth within its community. Its mission is twofold: firstly, it aims to bolster the success of existing businesses, providing them with the necessary support to thrive. Secondly, it strives to attract new businesses to the community, thereby contributing to its economic diversification and expansion. By doing so, Killeen Economic Development seeks to foster a thriving and prosperous economic landscape within the community, ultimately benefiting its residents.
In pursuit of this mission, Killeen Economic Development has established a unique strategy. It generates scholarship funds within the community and allocates these funds towards the construction of significant projects. One such project is the National Mounted Warfare Museum, which serves as a testament to the organization's commitment to community development and its role in attracting tourists and boosting local economy. By providing matching scholarship funds, Killeen Economic Development not only supports the construction of such projects but also encourages community participation and investment in its economic development initiatives.
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Impact
October, 2024
Killeen Economic Development plays a critical role in enhancing the economic landscape of Killeen, Texas. By promoting economic development, the organization focuses on expanding existing businesses and attracting new enterprises to the area, which helps create jobs and strengthen the local economy.
One of its key initiatives involves providing matching scholarship funds generated within the community for significant projects, such as the construction of the National Mounted Warfare Museum. This not only supports educational and cultural initiatives but also draws visitors to the city, further boosting the economy.
Through these efforts, Killeen Economic Development contributes to community improvement by fostering a thriving business environment and enhancing the quality of life for its residents.
This information is meant to be a general summary of Killeen Economic Development. 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 2023.
- Investment Income: $247,168
- Program Service Revenue: $359,602
- Gross Receipts: $3,396,215
Assets and Liabilities:
- Total Assets: $9,505,741
- Total Liabilities: $1,010,584
- Net Assets: $8,495,157
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$359,602
Organization Details
Founding Year
1990
Principal Officer
Scott Connell
NTEE Category
Code: S31 - Community improvement
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