Floresville Economic Development Corporation

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

EIN: 742844479 ✦ Floresville, TX ✦ Designated as a 501(c)(6)

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Overview

What is Floresville Economic Development Corporation?

The Floresville Economic Development Corporation, situated in Floresville, Texas, serves as a vital nonprofit organization dedicated to fostering economic growth and tourism in the city. Its primary mission involves developing, implementing, and financing projects that stimulate employment opportunities within Floresville. The corporation's activities encompass promoting economic development, thereby contributing to the city's overall prosperity. With a minimal workforce of two individuals, the Floresville Economic Development Corporation plays a significant role in driving the city's economic growth and development.


Official website here: www.floresvilleedc.org

Is Floresville Economic Development Corporation legitimate?

Floresville Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Floresville 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: $136,528

For more financial information, click here


Official website here: www.floresvilleedc.org

What is the mission statement of Floresville Economic Development Corporation?

The Floresville Economic Development Corporation's mission is centered around promoting and facilitating economic development within its scope. This involves creating opportunities for employment within the corporation's jurisdiction. To achieve this goal, the corporation develops, implements, promotes, and finances projects, focusing on both economic development and tourism. These initiatives aim to stimulate growth and progress in the community.


Official website here: www.floresvilleedc.org

Who is the CEO of Floresville Economic Development Corporation?

Ben Reed is the Executive Director of Floresville Economic Development Corporation.


Official website here: www.floresvilleedc.org

What is the revenue of Floresville Economic Development Corporation?

Floresville Economic Development Corporation's revenue in 2022 was $1,324,510.


Official website here: www.floresvilleedc.org

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

The average compensation at Floresville Economic Development Corporation during 2022 was $68,264. There are 2 employees at Floresville Economic Development Corporation.


Here are 8 key members and their salaries:


Ben Reed (Executive Director)
  • Compensation: $79,336
  • Related: $0
  • Other: $0
Jarod Medina (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roy Idrach (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cecelia Rodriguez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Bruett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Lamberth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liana Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Gonzales (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.floresvilleedc.org

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

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


Official website here: www.floresvilleedc.org

Learn more at the official website: www.floresvilleedc.org

Mission Statement of Floresville Economic Development Corporation

The Floresville Economic Development Corporation, in its mission, focuses on promoting and facilitating economic growth within the city of Floresville. This nonprofit organization strives to create employment opportunities within the city by developing, implementing, promoting, and financing various projects. These projects are designed to foster economic development and tourism, ultimately contributing to the city's overall prosperity. By undertaking such initiatives, the Floresville Economic Development Corporation aims to drive the city's economic progress and improve its overall standing.

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Impact




October, 2024

The Floresville Economic Development Corporation plays a significant role in driving economic growth and fostering community improvement in Floresville, Texas. By developing, implementing, promoting, and financing various projects, it creates a conducive environment for business operations and enhances tourism in the area. This proactive approach not only stimulates local employment opportunities but also attracts new businesses, thus contributing to the overall economic vitality of the city. The corporation's initiatives aim to elevate the quality of life for residents by ensuring that Floresville remains a vibrant and thriving community.




This information is meant to be a general summary of Floresville 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
$1,324,510 (2022)
Expenses
$974,539 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $149,335
  • Program Service Revenue: $1,167,132
  • Gross Receipts: $1,324,510

Assets and Liabilities:

  • Total Assets: $5,898,356
  • Total Liabilities: $3,632,557
  • Net Assets: $2,265,799

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Programs

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

SALES TAX

Revenue

$1,167,082

MEMORIAL BRICKS

Revenue

$50

Organization Details

Founding Year

1997

Principal Officer

Ben Reed

Main Address

1120 D STREET, FLORESVILLE, TX, 78114

NTEE Category

Code: S30 - Community improvement

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