Texas Panhandle Regional Development Corporation

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

EIN: 751834030 ✦ Amarillo, TX ✦ Designated as a 501(c)(4)

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Overview

What is Texas Panhandle Regional Development Corporation?

The Texas Panhandle Regional Development Corporation is a nonprofit organization situated in Amarillo, Texas. Its primary mission is to enhance the economic development and welfare of the state, with a specific focus on 26 counties in the Texas Panhandle region. This includes Armstrong, Briscoe, Carson, Castro, Childress, Collingsworth, Dallam, Deaf Smith, Donley, Gray, Hall, Hansford, Hartley, Hemphill, Hutchinson, Lipscomb, Moore, Ochiltree, Oldham, Parmer, Potter, Randall, Roberts, Sherman, Swisher, and Wheeler counties. The corporation aims to foster increased employment opportunities and expand businesses and industries within the area by promoting and supporting the growth of various business concerns, including small businesses. Any financial gains or benefits to members are considered incidental. The organization's activities are primarily regulated by Title V of the Small Business Corporation, ensuring they serve their community-focused mission.


Official website here: www.tprdc.com

Is Texas Panhandle Regional Development Corporation legitimate?

Texas Panhandle Regional Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Texas Panhandle Regional 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: $134,037

For more financial information, click here


Official website here: www.tprdc.com

What is the mission statement of Texas Panhandle Regional Development Corporation?

The Texas Panhandle Regional Development Corporation is established with the primary aim of promoting economic development and enhancing social welfare in certain counties of Texas. Its focus is primarily on Armstrong, Briscoe, Carson, Castro, Childress, Collingsworth, Dallam, Deaf Smith, Donley, Gray, Hall, Hansford, Hartley, Hemphill, Hutchinson, Lipscomb, Moore, Ochiltree, Oldham, Parmer, Potter, Randall, Roberts, Sherman, Swisher, and Wheeler counties, and their surroundings. The corporation achieves this by assisting and promoting the growth and development of businesses, including small businesses, in the area. The main objectives of the corporation are to benefit the community by fostering increased employment opportunities and expanding business and industry for the citizens of the area. Monetary profits or other benefits to members are considered incidental. The financial program, except those permitted under Title V of the Small Business Corporation, does not participate in any other SBA activities.


Official website here: www.tprdc.com

Who is the CEO of Texas Panhandle Regional Development Corporation?

Doug Nelson is the Director of Texas Panhandle Regional Development Corporation.


Official website here: www.tprdc.com

What is the revenue of Texas Panhandle Regional Development Corporation?

Texas Panhandle Regional Development Corporation's revenue in 2022 was $270,564.


Official website here: www.tprdc.com

Who are the executives of Texas Panhandle Regional Development Corporation and what are their salaries?

There 18 volunteers at Texas Panhandle Regional Development Corporation.


Here are 10 key members and their salaries:


Bryan Chaffin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kasey Coker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Warren Cornelius (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roxanne Grabbe (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Lingor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Mathias (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Nenstiel (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Casey Posey (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wes Wright (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Nelson (Admin Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tprdc.com

Where can I find the form 990 for Texas Panhandle Regional Development Corporation?

Texas Panhandle Regional Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tprdc.com

Learn more at the official website: www.tprdc.com

Mission Statement of Texas Panhandle Regional Development Corporation

The Texas Panhandle Regional Development Corporation, a nonprofit organization, is established with the primary aim of enhancing the economic development and social welfare of the state of Texas, specifically focusing on Armstrong, Briscoe, Carson, Castro, Childress, Collingsworth, Dallam, Deaf Smith, Donley, Gray, Hall, Hansford, Hartley, Hemphill, Hutchinson, Lipscomb, Moore, Ochiltree, Oldham, Parmer, Potter, Randall, Roberts, Sherman, Swisher, and Wheeler counties and their surroundings. The corporation achieves this objective by promoting and assisting in the growth and development of business concerns, including small business concerns, within the area. The principal objectives of the corporation are to improve the community by fostering increased employment opportunities and expanding business and industry for the citizens of the area. It is important to note that any monetary profits or benefits to members are incidental to the corporation's primary purpose. The financial program, except those permitted under Title V of the Small Business Corporation, does not participate in any other SBA initiatives.

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Impact




October, 2024

The Texas Panhandle Regional Development Corporation plays a vital role in enhancing the economic landscape and social welfare of the Texas Panhandle region, primarily focusing on the 26 counties that comprise this area. By promoting business growth and development, especially among small enterprises, the organization fosters increased employment opportunities for local residents.

Through its efforts, the Corporation helps create an environment conducive to business expansion, which is essential for community improvement and sustainability. This economic development initiative not only addresses the immediate needs of job creation but also contributes to the long-term viability of the region's industries. By aligning resources and support, the Texas Panhandle Regional Development Corporation catalyzes progress, ensuring that the communities within its focus area benefit from enhanced economic prospects and improved quality of life.




This information is meant to be a general summary of Texas Panhandle Regional 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
$270,564 (2022)
Expenses
$223,134 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $40,714
  • Program Service Revenue: $229,850
  • Gross Receipts: $270,564

Assets and Liabilities:

  • Total Assets: $2,750,669
  • Total Liabilities: $337,515
  • Net Assets: $2,413,154

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Programs

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

DEVELOP CORP SERVICING FEES

Revenue

$229,850

Organization Details

Founding Year

1982

Principal Officer

Doug Nelson

Main Address

600 S TYLER SUITE 1600, AMARILLO, TX, 79101

NTEE Category

Code: S31 - Community improvement

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