Overview
What is New Boston Special Industrial Development Corporation?
The New Boston Special Industrial Development Corporation, based in New Boston, Texas, serves as a catalyst for industrial growth in the area. By collecting a special sales tax, they aim to attract industrial development by offering resources such as land, infrastructure, and facilities. Their mission is to promote industrial development in and around New Boston, Texas, contributing to the local economy and potential job creation.
Is New Boston Special Industrial Development Corporation legitimate?
New Boston Special Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. New Boston Special Industrial 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.
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What is the mission statement of New Boston Special Industrial Development Corporation?
The New Boston Special Industrial Development Corporation's mission is centered around fostering industrial growth. This organization strives to promote industrial development within its vicinity, working diligently to attract and encourage industries to establish themselves. They accomplish this by collecting special sales tax funds, which are then utilized to offer enticing incentives. These incentives typically include providing necessary land, infrastructure, and facilities to potential industries, thereby facilitating their establishment and expansion.
Who is the CEO of New Boston Special Industrial Development Corporation?
David Daniel is the President of New Boston Special Industrial Development Corporation.
What is the revenue of New Boston Special Industrial Development Corporation?
New Boston Special Industrial Development Corporation's revenue in 2022 was $599,114.
Who are the executives of New Boston Special Industrial Development Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for New Boston Special Industrial Development Corporation?
New Boston Special Industrial Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Boston Special Industrial Development Corporation
The New Boston Special Industrial Development Corporation, in its mission, is dedicated to fostering industrial growth within its vicinity. This organization works tirelessly to promote industrial development, seeking to attract and establish industries in the area. To achieve this, the corporation collects special sales taxes and utilizes the funds to offer incentives. These incentives take the form of providing necessary land, infrastructure, and facilities, serving as a catalyst for industrial advancement. By doing so, the New Boston Special Industrial Development Corporation contributes significantly to the economic development of the surrounding community.
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Impact
October, 2024
The New Boston Special Industrial Development Corporation significantly impacts the economic landscape of New Boston, Texas, by promoting industrial development in the region. By collecting special sales tax revenue, it effectively funds initiatives aimed at attracting industrial businesses. The corporation invests in essential land, infrastructure, and facilities necessary for industry to thrive. This strategic focus not only enhances the local economy by creating jobs but also fosters a more robust community through improved resources and opportunities. Overall, the corporation plays a critical role in shaping a conducive environment for industrial growth, ultimately benefiting the residents and local businesses of New Boston.
This information is meant to be a general summary of New Boston Special Industrial 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $15,938
- Gross Receipts: $599,114
Assets and Liabilities:
- Total Assets: $5,979,371
- Total Liabilities: $1,181,143
- Net Assets: $4,798,228
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Organization Details
Founding Year
2001
Phone
(903) 628-0411Principal Officer
David Daniel
Main Address
1 TRAILHEAD PARK PLAZA, NEW BOSTON, TX, 75570
NTEE Category
Code: S31 - Community improvement
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