Heb Economic Development Foundation

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

EIN: 752349404 ✦ Bedford, TX ✦ Designated as a 501(c)(6)

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Overview

What is Heb Economic Development Foundation?

The Heb Economic Development Foundation is a nonprofit organization, situated in the Heb area. Its primary mission is to promote and enhance the region's economic growth by creating a comprehensive demographic and economic resource database. This database serves to disseminate relevant information, thus increasing the area's knowledge and marketability. The foundation's key objective is to attract new businesses to Heb and maintain the presence of existing ones, thereby contributing to the local economy.


Official website here: www.heb.org/economicdevelopment

Is Heb Economic Development Foundation legitimate?

Heb Economic Development Foundation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Heb Economic Development Foundation submitted a form 990EZ, 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.


Official website here: www.heb.org/economicdevelopment

What is the mission statement of Heb Economic Development Foundation?

The Heb Economic Development Foundation's mission is focused on promoting economic growth in the unspecified region it serves. By developing an economic and demographic resource database, it aims to disseminate information and enhance the area's marketability. The primary objective of the foundation is to attract new businesses and retain existing ones, thereby contributing to the overall economic development of the region. The foundation's activities are geared towards marketing the cities under its purview to potential businesses, thereby fostering economic growth and development.


Official website here: www.heb.org/economicdevelopment

Who is the CEO of Heb Economic Development Foundation?

Steve Farco is the Treasurer of Heb Economic Development Foundation.


Official website here: www.heb.org/economicdevelopment

What is the revenue of Heb Economic Development Foundation?

Heb Economic Development Foundation's revenue in 2023 was $40,991.


Official website here: www.heb.org/economicdevelopment

Who are the executives of Heb Economic Development Foundation and what are their salaries?


Here are 12 key members and their salaries:


Henry Wilson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Farco (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Frazior (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Harrington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Romero (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loretta Getchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clay Caruthers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeri Harwell (Director (Partial Year))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Stathatos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Boyter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dalene Parker (Director (Partial Year))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.heb.org/economicdevelopment

Where can I find the form 990EZ for Heb Economic Development Foundation?

Heb Economic Development Foundation's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.heb.org/economicdevelopment

Learn more at the official website: www.heb.org/economicdevelopment

Mission Statement of Heb Economic Development Foundation

The Heb Economic Development Foundation, as an organization, is committed to developing an economic and demographic resource database. This database serves a dual purpose: disseminating information and enhancing the knowledge and marketability of the Heb area. The mission of this foundation is to actively market the cities of Heb, aiming to attract new businesses and maintain the existence of existing ones. By fostering this growth, the Heb Economic Development Foundation contributes to the overall economic development and prosperity of the area.

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Impact




October, 2024

The Heb Economic Development Foundation significantly enhances the economic landscape of the Heb area by creating and maintaining a comprehensive economic demographic resource database. This initiative facilitates the dissemination of vital information, which in turn elevates the knowledge and marketability of the region. By actively promoting the cities within the Heb area, the Foundation plays a crucial role in attracting new businesses and retaining existing ones, ultimately contributing to community improvement and economic vitality in Bedford, TX.




This information is meant to be a general summary of Heb Economic Development Foundation. 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
$40,991 (2023)
Expenses
$78,116 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $924
  • Gross Receipts: $40,991

Assets and Liabilities:

  • Total Assets: $186,454
  • Total Liabilities: $0
  • Net Assets: $186,454

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Organization Details

Principal Officer

Steve Farco

Main Address

PO BOX 969, BEDFORD, TX, 76095

NTEE Category

Code: S30 - Community improvement

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