Overview
What is Brownwood Industrial Foundation Inc?
The Brownwood Industrial Foundation Inc, situated in Brownwood, Texas, is a nonprofit organization dedicated to promoting commercial development in the area. Their primary goal is to foster trade and industry within Brown County, Texas, and they accomplish this by acquiring funds, land, and other assets for this purpose. The foundation has been instrumental in providing financial assistance for local businesses and industries, contributing to their expansion. Furthermore, Brownwood Industrial Foundation Inc owns several tracts of land in the city's industrial area, which are suitable and available for development. They have also offered incentives, such as an industrial building, to attract industries to relocate to the area.
Is Brownwood Industrial Foundation Inc legitimate?
Brownwood Industrial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Brownwood Industrial Foundation Inc 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Brownwood Industrial Foundation Inc?
The Brownwood Industrial Foundation Inc's mission is centered around fostering the expansion of trade and industry. They aim to achieve this by acquiring necessary resources, such as money, land, and other assets, for this purpose. The foundation actively promotes commercial development in the area and provides information to potential businesses. Additionally, they offer funding to support the expansion of local businesses and industries, and they own suitable land in the industrial area for development. An existing industry also leases an industrial building from the foundation, which was initially made available as an incentive for relocation.
Who is the CEO of Brownwood Industrial Foundation Inc?
John Guest is the President of Brownwood Industrial Foundation Inc.
What is the revenue of Brownwood Industrial Foundation Inc?
Brownwood Industrial Foundation Inc's revenue in 2023 was $50,390.
Who are the executives of Brownwood Industrial Foundation Inc and what are their salaries?
There 6 volunteers at Brownwood Industrial Foundation Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Brownwood Industrial Foundation Inc?
Brownwood Industrial Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Brownwood Industrial Foundation Inc
The Brownwood Industrial Foundation Inc, as stated in its mission, is dedicated to fostering the expansion of trade and industry within its vicinity. Specifically, this nonprofit organization aims to promote growth in the surrounding areas of Brown County, Texas. To achieve this objective, Brownwood Industrial Foundation Inc acquires necessary resources such as money, land, and other assets. This acquisition serves as a means to facilitate the growth of trade and industry within the specified region. The foundation's efforts are not limited to acquiring resources but also extend to making relevant information available to prospective businesses. This proactive approach aims to attract and support the growth of businesses in the area. Furthermore, Brownwood Industrial Foundation Inc has several tracts of land in the industrial area, which are suitable and available for development. This strategic positioning provides an incentive for existing or potential industries, encouraging them to invest and expand their operations in the area. The foundation's initiatives contribute to the overall development of the local economy, creating opportunities for businesses and fostering a thriving industrial landscape.
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Impact
October, 2024
Brownwood Industrial Foundation Inc significantly influences the economic landscape of Brown County, Texas, by actively promoting the growth of trade and industry. Through strategic funding initiatives, it fosters commercial development, making vital information available to attract prospective businesses to the area. The foundation also supports the expansion of local businesses, enhancing the overall economic stability and growth within the community.
Moreover, the foundation owns several tract of land in Brownwood’s industrial area, which are primed for development, thereby facilitating new industrial ventures. Its role in leasing an industrial building serves as a strategic incentive for businesses considering relocation, further boosting local employment opportunities and economic vitality. Overall, the foundation plays a critical role in enhancing the entrepreneurial ecosystem, ensuring that Brown County remains a competitive and appealing location for business development.
This information is meant to be a general summary of Brownwood Industrial Foundation Inc. 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: $36,563
- Gross Receipts: $50,390
Assets and Liabilities:
- Total Assets: $1,180,569
- Total Liabilities: $123,906
- Net Assets: $1,056,663
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Organization Details
Founding Year
1959
Phone
(325) 646-9535Principal Officer
John Guest
Main Address
P O BOX 880, BROWNWOOD, TX, 76804
NTEE Category
Code: S31 - Community improvement
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