Giddings Economic Development Corp

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

EIN: 742794906 ✦ Giddings, TX ✦ Designated as a 501(c)(4)

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Overview

What is Giddings Economic Development Corp?

Giddings Economic Development Corp (GEDC) is a nonprofit organization situated in Giddings, Texas. Their primary objective is to stimulate economic growth and create job opportunities within the region. GEDC achieves this by offering business retention and expansion grants, as well as business attraction grants. Moreover, they are dedicated to preserving and restoring historic properties, contributing to downtown revitalization. With a focus on being pro-business, GEDC has a proven track record of fostering a thriving local business community and aiding companies looking to expand or establish themselves in the area. The organization is led by a small team of one employee.


Official website here: www.giddingsedc.com

Is Giddings Economic Development Corp legitimate?

Giddings Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Giddings Economic Development Corp 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: $78,668

For more financial information, click here


Official website here: www.giddingsedc.com

What is the mission statement of Giddings Economic Development Corp?

The Giddings Economic Development Corp, in its mission, is committed to fostering economic growth and job creation. Acting in a pro-business manner, the corporation boasts a proven track record. It serves the local business community and those looking to expand or relocate to the area. The corporation's primary objective is to promote economic development by offering business retention and expansion grants, as well as business attraction grants. Additionally, the organization plays a role in preserving and restoring historic properties for downtown revitalization.


Official website here: www.giddingsedc.com

Who is the CEO of Giddings Economic Development Corp?

Megan Kirk is the President of Giddings Economic Development Corp.


Official website here: www.giddingsedc.com

What is the revenue of Giddings Economic Development Corp?

Giddings Economic Development Corp's revenue in 2022 was $704,225.


Official website here: www.giddingsedc.com

Who are the executives of Giddings Economic Development Corp and what are their salaries?

The average compensation at Giddings Economic Development Corp during 2022 was $78,668. There is 1 employee and 7 volunteers at Giddings Economic Development Corp.


Here are 7 key members and their salaries:


Alan Casey (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Morgan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Dowell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Mersiovsky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Francis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marty Linder (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Simmang (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.giddingsedc.com

Where can I find the form 990 for Giddings Economic Development Corp?

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


Official website here: www.giddingsedc.com

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

Mission Statement of Giddings Economic Development Corp

The Giddings Economic Development Corp, a pro-business organization, is dedicated to bolstering the economy and creating job opportunities in Giddings, Texas. With a proven track record, this corporation actively supports the local business community and encourages expansion or relocation within the area. The primary mission of Giddings Economic Development Corp is to promote economic development by offering business retention and expansion grants, as well as business attraction grants. Additionally, the corporation plays a role in preserving and restoring historic properties with the aim of revitalizing the downtown area. By engaging in these activities, the Giddings Economic Development Corp contributes to the economic growth and vitality of the community.

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Impact




October, 2024

Giddings Economic Development Corp plays a crucial role in enhancing the economic landscape of Giddings, Texas. By focusing on growing the economy and creating job opportunities, it actively promotes business retention and expansion through targeted grants. These initiatives not only support existing businesses but also attract new enterprises to the area, fostering a robust business environment.

Additionally, the organization is committed to preserving and restoring historic properties, contributing to the revitalization of downtown Giddings. This approach not only boosts the local economy but also enriches the community's cultural heritage. With a proven track record, Giddings Economic Development Corp is a key player in the city's efforts to ensure sustainable growth and community improvement, making Giddings an attractive place for businesses and residents alike.




This information is meant to be a general summary of Giddings Economic Development Corp. 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
$704,225 (2022)
Expenses
$444,984 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $23,479
  • Program Service Revenue: $680,704
  • Gross Receipts: $704,225

Assets and Liabilities:

  • Total Assets: $5,371,991
  • Total Liabilities: $1,133,806
  • Net Assets: $4,238,185

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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

$680,704

Organization Details

Founding Year

1996

Principal Officer

Megan Kirk

Main Address

118 E RICHMOND STREET, GIDDINGS, TX, 78942

NTEE Category

Code: S31 - Community improvement

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