Edinburg Economic Development Corporation

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

EIN: 742609452 ✦ Edinburg, TX ✦ Designated as a 501(c)(4)

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Overview

What is Edinburg Economic Development Corporation?

The Edinburg Economic Development Corporation, established in Edinburg, Texas, is a dedicated nonprofit organization with a mission to stimulate economic growth and development within the city. They work towards achieving this goal by engaging companies to locate or enhance their presence in Edinburg, contributing positively to the local economy. The organization's headquarters can be found at 415 W UNIVERSITY DR, Edinburg, Texas. Their primary activity involves promoting economic development in the region, aiming to foster a thriving and prosperous community.


Official website here: www.cityofedinburg.com

Is Edinburg Economic Development Corporation legitimate?

Edinburg Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Edinburg 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cityofedinburg.com

What is the mission statement of Edinburg Economic Development Corporation?

The Edinburg Economic Development Corporation's mission is centered around fostering economic growth. This organization strives to promote economic development, serving as a catalyst for companies to establish or expand their operations. By contracting with businesses, they aim to enhance economic development, contributing to the overall prosperity of the economy.


Official website here: www.cityofedinburg.com

Who is the CEO of Edinburg Economic Development Corporation?

Raudel Garza is the President of Edinburg Economic Development Corporation.


Official website here: www.cityofedinburg.com

What is the revenue of Edinburg Economic Development Corporation?

Edinburg Economic Development Corporation's revenue in 2022 was $9,281,124.


Official website here: www.cityofedinburg.com

Who are the executives of Edinburg Economic Development Corporation and what are their salaries?


Here are 8 key members and their salaries:


Veronica Gonzales (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roland Gomez (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raul Resendez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Rivera (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Diaz (Council Meme)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sabrina Walker-Hernandez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Garza (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raudel Garza (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cityofedinburg.com

Where can I find the form 990 for Edinburg Economic Development Corporation?

Edinburg Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cityofedinburg.com

Learn more at the official website: www.cityofedinburg.com

Mission Statement of Edinburg Economic Development Corporation

The Edinburg Economic Development Corporation, or EEDC, is dedicated to fostering economic growth in Edinburg, Texas. Their primary objective is to promote economic development within the area, aiming to attract and enhance businesses that contribute to the region's prosperity. To achieve this mission, EEDC engages in contracts with companies, collaborating with them to establish a strong economic presence in Edinburg.

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Impact




October, 2024

The Edinburg Economic Development Corporation plays a crucial role in fostering economic growth in Edinburg, Texas. Its primary mission is to promote economic development within the city, focusing on attracting new businesses and enhancing the local economy. This is achieved through strategic partnerships and contracts with companies, guiding their proposals for location and investment in the area.

By facilitating business development, the corporation contributes to job creation and workforce development, ultimately improving the quality of life for residents. The focus on community improvement not only enhances local infrastructure but also supports existing businesses, creating a vibrant economic environment. The efforts of the Edinburg Economic Development Corporation have a lasting impact on the city’s prosperity, making it an appealing destination for both businesses and individuals seeking economic opportunities.




This information is meant to be a general summary of Edinburg 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.

Revenue
$9,281,124 (2022)
Expenses
$6,849,295 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $680,181
  • Program Service Revenue: $8,600,943
  • Gross Receipts: $9,388,007

Assets and Liabilities:

  • Total Assets: $53,293,991
  • Total Liabilities: $35,953,887
  • Net Assets: $17,340,104

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

1/2 CENT SALES TAX

Revenue

$8,600,943

Organization Details

Founding Year

1990

Principal Officer

Raudel Garza

Main Address

415 W UNIVERSITY DR, EDINBURG, TX, 78540

NTEE Category

Code: S30 - Community improvement

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