Overview
What is The Mineral Wells Industrial Foundation Inc?
The Mineral Wells Industrial Foundation Inc, based in Mineral Wells, Texas, serves its community by facilitating the acquisition of property for a long-established industrial business. This action is expected to foster future employment opportunities and expand the existing local industry. The foundation's mission encompasses three primary objectives: community service, attracting new industries, and promoting the retention of existing local businesses.
Is The Mineral Wells Industrial Foundation Inc legitimate?
The Mineral Wells Industrial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Mineral Wells 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Mineral Wells Industrial Foundation Inc?
The Mineral Wells Industrial Foundation Inc's mission revolves around three key areas: community service, attracting new industry, and promoting the retention of existing local industries. In essence, their role is to contribute to the community, attract businesses that could create new jobs, and support the growth and continuity of existing industries in the region. This organization has recently assisted a long-standing business entity and significant job provider in acquiring property. This new property promises to foster future job creation and expansion within the local industry.
What is the revenue of The Mineral Wells Industrial Foundation Inc?
The Mineral Wells Industrial Foundation Inc's revenue in 2021 was -$11,135.
Who are the executives of The Mineral Wells Industrial Foundation Inc and what are their salaries?
There 3 volunteers at The Mineral Wells Industrial Foundation Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for The Mineral Wells Industrial Foundation Inc?
The Mineral Wells Industrial Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Mineral Wells Industrial Foundation Inc
The Mineral Wells Industrial Foundation Inc is dedicated to serving its community in several ways. Its primary mission is threefold: to contribute to community service, attract new industries, and promote the retention of existing local industries. By doing so, it aims to stimulate job creation and expansion within the industrial sector, ultimately benefiting the community as a whole. Recently, the foundation has assisted a long-standing business entity and industrial job provider in acquiring property. This property acquisition will pave the way for future job growth and the expansion of this significant local business.
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Impact
October, 2024
The Mineral Wells Industrial Foundation Inc plays a vital role in enhancing the economic landscape of Mineral Wells, Texas. By focusing on community service and industrial development, it successfully attracts new industries and supports the retention of existing local businesses. Recently, the foundation assisted a long-standing business entity in acquiring critical property, which is expected to foster future job creation and enable the expansion of this significant local employer. This proactive approach not only strengthens the community’s economic foundation but also contributes to overall community improvement and resilience.
This information is meant to be a general summary of The Mineral Wells 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 2021.
- Investment Income: -$58,727
- Gross Receipts: $233,315
Assets and Liabilities:
- Total Assets: $1,073,732
- Total Liabilities: $126,688
- Net Assets: $947,044
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NONE
Organization Details
Founding Year
1957
Principal Officer
Corey Crenshaw
NTEE Category
Code: S31 - Community improvement
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