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Post Economic Development Corp

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

EIN: 751982463 ✦ Post, TX ✦ Designated as a 501(c)(3)

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Overview

What is Post Economic Development Corp?

Post Economic Development Corp, based in P.O. Box 69, Post, Texas 79356, is a nonprofit organization established with the mission to support, promote, and encourage economic growth in Post and Garza County. Their primary activity involves financing the construction of new homes in the area. The corporation's purpose is to facilitate endeavors that stimulate and encourage local economic development.

Is Post Economic Development Corp legitimate?

Post Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Post Economic Development Corp 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

For more financial information, click here

What is the mission statement of Post Economic Development Corp?

The Post Economic Development Corp, established with the purpose of supporting, promoting, encouraging, and facilitating initiatives, aims to stimulate and encourage economic development. This organization's primary objective is to foster economic growth in the respective county, with a focus on enhancing local businesses and creating opportunities for community development. To achieve this, they provide financing for projects that contribute to the area's economic expansion, such as the construction of new homes. By supporting these endeavors, the Post Economic Development Corp aims to enhance the overall economic well-being of the community.

Who is the CEO of Post Economic Development Corp?

Lee Norman is the President of Post Economic Development Corp.

What is the revenue of Post Economic Development Corp?

Post Economic Development Corp's revenue in 2020 was $319,091.

Who are the executives of Post Economic Development Corp and what are their salaries?


Here are 6 key members and their salaries:


J Terry Bartlett (Executive Dir.)
  • Compensation: $9,240
  • Related: $0
  • Other: $0
Lee Norman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Plummer (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Kirkpatrick (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Weems (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen V Beach (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Post Economic Development Corp?

Post Economic Development Corp's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Post Economic Development Corp

Post Economic Development Corp, abbreviated as PEDC, was established with a mission to encourage and support economic growth in Post and Garza County. This organization aims to stimulate and promote endeavors that contribute to the economic development of these areas. By facilitating these initiatives, PEDC plays a crucial role in fostering a thriving and prosperous community.

In line with its mission, PEDC has taken concrete actions, such as financing the construction of two new homes in Post, TX. This initiative not only provides shelter but also contributes to the overall economic development of the area by increasing the demand for construction materials and labor services. By supporting such projects, PEDC works towards creating a stronger and more robust economic environment in Post and Garza County.

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Impact




October, 2024

Post Economic Development Corp has a significant impact on the economic landscape of Post and Garza County by actively promoting initiatives that support local growth and development. Through its efforts, it facilitates projects that stimulate economic activity, such as financing the construction of new homes in Post, Texas. This not only addresses housing needs but also creates job opportunities and enhances the community’s overall appeal.

By focusing on strategic initiatives, Post Economic Development Corp encourages investment in the area, thereby fostering a robust economic environment. Their mission to stimulate and encourage economic development translates into tangible benefits for residents, local businesses, and the overall community, ensuring a sustainable and thriving future for Post and Garza County.




This information is meant to be a general summary of Post Economic Development Corp. 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
$319,091 (2020)
Expenses
$329,816 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $53
  • Program Service Revenue: $300,000
  • Gross Receipts: $326,353

Assets and Liabilities:

  • Total Assets: $108,288
  • Total Liabilities: $0
  • Net Assets: $108,288

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Programs

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

SALE OF FINANCED HOMES

Revenue

$300,000

Organization Details

Founding Year

1984

Principal Officer

Lee Norman

Main Address

P O BOX 69, POST, TX, 79356

NTEE Category

Code: S300 - Community improvement

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