Overview
What is Bonham Industrial Foundation Inc?
Bonham Industrial Foundation Inc is a nonprofit organization situated in the Bonham area. Their primary mission is to foster industrial growth by proactively attracting and sustaining businesses within the region. They accomplish this by offering commercial properties for sale or lease at advantageous rates, thereby promoting the expansion of industries in the area.
Is Bonham Industrial Foundation Inc legitimate?
Bonham Industrial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Bonham 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: $20,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Bonham Industrial Foundation Inc?
The Bonham Industrial Foundation's mission is centered around promoting industry within its operations. It achieves this by actively attracting and retaining businesses by offering commercial properties for sale or lease at advantageous rates. This strategic approach is aimed at stimulating economic growth and development within the organization's sphere of influence. The foundation's mission serves to facilitate business expansion, thereby contributing to job creation and overall community prosperity.
Who is the CEO of Bonham Industrial Foundation Inc?
Spanky Carter is the President of Bonham Industrial Foundation Inc.
What is the revenue of Bonham Industrial Foundation Inc?
Bonham Industrial Foundation Inc's revenue in 2023 was $24,456.
Who are the executives of Bonham Industrial Foundation Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Bonham Industrial Foundation Inc?
Bonham Industrial Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bonham Industrial Foundation Inc
Bonham Industrial Foundation Inc, as its name suggests, is dedicated to bringing industry to its specific area. Their mission is multifaceted, focusing on attracting and retaining businesses by offering them commercial buildings at favorable rates. This strategic approach aims to stimulate industrial growth and development within the region. By selling and leasing these properties at advantageous terms, the Foundation encourages businesses to establish or expand their operations, thereby contributing to the local economy and creating employment opportunities.
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Impact
October, 2024
Bonham Industrial Foundation Inc plays a crucial role in enhancing the economic landscape of the Bonham area by attracting and retaining businesses. By providing a supportive environment for commercial enterprises, the foundation effectively boosts local industry, which contributes to job creation and economic growth. Their efforts in selling and leasing commercial buildings at favorable rates make it more accessible for businesses to establish themselves in the region.
This strategic focus not only uplifts the local economy but also fosters a sense of community improvement. The foundation's initiatives create a more vibrant business ecosystem, encouraging investment and enhancing the overall quality of life for residents. By bringing industry to Bonham, the foundation is instrumental in shaping a sustainable economic future for the area, ensuring that it remains competitive and resilient in the broader market.
This information is meant to be a general summary of Bonham 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: $156
- Gross Receipts: $24,456
Assets and Liabilities:
- Total Assets: $614,807
- Total Liabilities: $0
- Net Assets: $614,807
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Organization Details
Founding Year
1955
Phone
(903) 640-6053Principal Officer
Spanky Carter
Main Address
904 E 9TH, BONHAM, TX, 75418
NTEE Category
Code: S31 - Community improvement
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