Overview
What is Marble Falls Economic Development Corporation?
The Marble Falls Economic Development Corporation (MFEDC) is a nonprofit organization situated in Marble Falls, Texas. Their primary mission is to stimulate and sustain business and economic growth in the area. They achieve this through strategic planning, workforce training, and marketing efforts. The MFEDC boasts a Business Improvement Grant (BIG) program, designed to provide assistance to local businesses looking to enhance or expand their commercial properties. The corporation offers matching funds, up to 10%, to eligible applicants, with a maximum grant of $10,000 and a minimum expenditure requirement of $5,000. The goal of this program is to improve the appearance and visual character of the community, thereby attracting and supporting business development.
Official website here: www.marblefallseconomy.com
What do the Facebook reviews say about Marble Falls Economic Development Corporation?
92% of the 16 reviewers on Facebook recommend the Marble Falls Economic Development Corporation. Here is a summary of their reviews:
Many users express enthusiasm about the organization's efforts to enhance the local economy, citing its commitment to empowering businesses and fostering growth in the community. Several reviewers appreciate the proactive approach taken by the nonprofit, highlighting initiatives aimed at supporting local enterprises and attracting new investments.
Overall, there is a strong sentiment that the Marble Falls Economic Development Corporation is effectively delivering on its mission to stimulate economic development, and the community recognizes its positive impact. Reviewers are optimistic about the future prospects of the area due to the corporation's ongoing initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Marble Falls Economic Development Corporation legitimate?
Marble Falls Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Marble Falls 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: $173,358
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,275
For more financial information, click here
Official website here: www.marblefallseconomy.com
What is the mission statement of Marble Falls Economic Development Corporation?
The Marble Falls Economic Development Corporation's mission is centered around attracting and supporting business and economic development in its area. It achieves this through strategic planning, workforce training, and marketing. The corporation has a Business Improvement Grant (BIG) program designed to assist local businesses in improving their properties. This program aims to promote the expansion and development of new and existing business enterprises, as well as enhance the community's appearance and visual character. The Economic Development Corporation provides 10% in matching funds, via reimbursement, to businesses seeking to improve or expand their commercial properties. The maximum grant is $10,000 per applicant, with a minimum expenditure of $5,000 required for consideration. The grant application period remains open until funding is exhausted or the corporation's program goals are satisfied.
Official website here: www.marblefallseconomy.com
Who is the CEO of Marble Falls Economic Development Corporation?
Steve Reitz is the President of Marble Falls Economic Development Corporation.
Official website here: www.marblefallseconomy.com
What is the revenue of Marble Falls Economic Development Corporation?
Marble Falls Economic Development Corporation's revenue in 2022 was $6,358,572.
Official website here: www.marblefallseconomy.com
Who are the executives of Marble Falls Economic Development Corporation and what are their salaries?
There 7 volunteers at Marble Falls Economic Development Corporation.
Here are 9 key members and their salaries:
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- Compensation: $140,769
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- Other: $27,958
Official website here: www.marblefallseconomy.com
Where can I find the form 990 for Marble Falls Economic Development Corporation?
Marble Falls Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marblefallseconomy.com
Learn more at the official website: www.marblefallseconomy.com
Mission Statement of Marble Falls Economic Development Corporation
The Marble Falls Economic Development Corporation, abbreviated as MFEDC, is committed to attracting and supporting business and economic development in its area. It achieves this mission through strategic planning, workforce training, and marketing. The corporation's strategic initiatives aim to promote the expansion and development of new and existing business enterprises within the community, thereby improving the visual appeal and character of Marble Falls.
One of MFEDC's key programs is the Business Improvement Grant (BIG) program. This initiative provides assistance to local businesses seeking to improve their properties. By offering a 10% matching fund, via reimbursement, the EDC encourages businesses to enhance or expand their commercial properties. The maximum grant amount is $10,000 per applicant, with a minimum expenditure requirement of $5,000. The application period for this grant remains open until funding is exhausted or the EDC's program goals are achieved. By investing in businesses and property improvements, MFEDC works to foster a thriving and attractive economic landscape.
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Impact
October, 2024
The Marble Falls Economic Development Corporation (EDC) plays a crucial role in fostering growth and enhancing the economic landscape of the Marble Falls area. One of its key initiatives is the Business Improvement Grant (BIG) Program, which provides financial assistance to local businesses aimed at improving their properties. By offering 10% matching funds, up to $10,000 per applicant, the program encourages business owners to invest in their commercial spaces. This support not only helps businesses expand and develop but also enhances the visual character of the community.
The EDC's mission encompasses strategic planning, workforce training, and marketing, all designed to attract new businesses and support existing enterprises. Through these efforts, the organization contributes significantly to the overall economic vitality of Marble Falls, ensuring a more prosperous environment for local businesses and improving the quality of life for residents. By prioritizing community improvement and economic development, the Marble Falls EDC fosters a sustainable and thriving economic ecosystem within the region.
This information is meant to be a general summary of Marble Falls 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: $2,354,599
- Program Service Revenue: $3,498,929
- Gross Receipts: $6,358,572
Assets and Liabilities:
- Total Assets: $32,285,301
- Total Liabilities: $14,634,807
- Net Assets: $17,650,494
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES TAX REVENUE
Revenue
$3,440,296
INTEREST REVENUE
Revenue
$32,349
FICKETT CENTER RENTAL
Revenue
$26,284
Organization Details
Founding Year
2007
Phone
(830) 693-3615Principal Officer
Steve Reitz
Main Address
800 3RD STREET, MARBLE FALLS, TX, 78654
Website
www.marblefallseconomy.comNTEE Category
Code: S31 - Community improvement
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