Overview
What is Vernon Industrial Foundation Inc?
Vernon Industrial Foundation Inc is a nonprofit organization situated in Vernon, Texas. Their primary mission is to foster industrial growth within the City of Vernon and Wilbarger County. They achieve this by engaging in industrial development activities, as indicated by their description. The Foundation has a close relationship with the accounting firm co MTPMM CPAs, with their correspondence address being P.O. Box 1331, Vernon, TX 76385. Despite not having specific details about their programs, resources, or impact, their focus on industrial development is clear.
Is Vernon Industrial Foundation Inc legitimate?
Vernon Industrial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Vernon 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.
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What is the mission statement of Vernon Industrial Foundation Inc?
The mission of Vernon Industrial Foundation Inc, as stated, is focused on fostering the industrial development of an unspecified city and its surrounding county. Specifically, their goal is to promote industrial growth in this area, working towards the betterment of the industrial sector. They achieve this through facilitating the transfer of commercial properties from local authorities to commercial enterprises, potentially stimulating economic growth and development.
Who is the CEO of Vernon Industrial Foundation Inc?
Gene Tyra is the President of Vernon Industrial Foundation Inc.
What is the revenue of Vernon Industrial Foundation Inc?
Vernon Industrial Foundation Inc's revenue in 2022 was $1,972.
Who are the executives of Vernon Industrial Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Vernon Industrial Foundation Inc?
Vernon Industrial Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vernon Industrial Foundation Inc
The Vernon Industrial Foundation Inc, as per its mission, is dedicated to fostering the industrial development of the City of Vernon and Wilbarger County, Texas. This nonprofit organization aims to promote industrial growth within the specified region by facilitating the transfer of commercial property from the City to commercial enterprises. This strategic move is intended to stimulate economic development and create opportunities for businesses within the area.
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Impact
October, 2024
Vernon Industrial Foundation Inc plays a crucial role in fostering economic growth and community improvement in Vernon and Wilbarger County, Texas. By facilitating the transfer of commercial property from the city to commercial enterprises, the foundation directly supports industrial development in the region. This activity not only attracts new businesses and enhances existing ones but also generates job opportunities, boosts local revenue, and improves the overall quality of life for residents. Through its commitment to promoting industrial growth, the foundation contributes significantly to the economic vitality and sustainability of the area, ensuring a thriving community for years to come.
This information is meant to be a general summary of Vernon 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 2022.
- Investment Income: $212
- Gross Receipts: $275,972
Assets and Liabilities:
- Total Assets: $170,787
- Total Liabilities: $0
- Net Assets: $170,787
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Organization Details
Founding Year
1957
Phone
(940) 552-5481Principal Officer
Gene Tyra
Main Address
co MTPMM CPAs P O Box 1331, Vernon, TX, 76385
NTEE Category
Code: S40 - Community improvement
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