Overview
What is Olney Industrial Development Corporation?
Olney Industrial Development Corporation, based in Olney, Texas, acts as a catalyst for the city's economic growth. Their primary mission is to support existing industries and attract new manufacturing and service sector businesses. This strategy aims to infuse fresh capital and create job opportunities within the community. To achieve this, the corporation assists in the recruitment of new industries, maintaining the current ones, and fostering job growth and affordable housing. Their work is instrumental in enhancing the overall economic strength and stability of Olney, Texas.
Official website here: www.olneytexas.com
Is Olney Industrial Development Corporation legitimate?
Olney Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Olney 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $61,958
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.olneytexas.com
What is the mission statement of Olney Industrial Development Corporation?
The Olney Industrial Development Corporation's mission is to bolster the economic resilience of a community by supporting existing industries and attracting manufacturing and service sector businesses. This strategy aims to introduce new capital and employment opportunities into the area. By doing so, the corporation contributes to the city's industrial growth, job market expansion, and the provision of affordable housing. In essence, its mission is to enhance the economic stability of the community.
Official website here: www.olneytexas.com
Who is the CEO of Olney Industrial Development Corporation?
Wiley Hughey is the Executive Di of Olney Industrial Development Corporation.
Official website here: www.olneytexas.com
What is the revenue of Olney Industrial Development Corporation?
Olney Industrial Development Corporation's revenue in 2022 was $182,154.
Official website here: www.olneytexas.com
Who are the executives of Olney Industrial Development Corporation and what are their salaries?
The average compensation at Olney Industrial Development Corporation during 2022 was $61,958. There is 1 employee at Olney Industrial Development Corporation.
Here are 6 key members and their salaries:
- Compensation: $61,958
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.olneytexas.com
Where can I find the form 990 for Olney Industrial Development Corporation?
Olney Industrial Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.olneytexas.com
Learn more at the official website: www.olneytexas.com
Mission Statement of Olney Industrial Development Corporation
The Olney Industrial Development Corporation, a nonprofit organization, is dedicated to enhancing the strength and stability of its economy. It achieves this goal by supporting existing industry and attracting new manufacturing and service sector businesses. This strategic approach brings new capital and employment opportunities into the community, thereby contributing to its overall development. By assisting the city of Olney, Texas, in recruiting new industries and maintaining the current ones, the organization promotes job growth and affordable housing. In essence, the Olney Industrial Development Corporation plays a crucial role in fostering economic growth and stability in the community.
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Impact
October, 2024
Olney Industrial Development Corporation plays a vital role in bolstering the economic landscape of Olney, Texas. By focusing on the support of existing industries and attracting new manufacturing and service sector businesses, it fosters incoming capital and creates valuable employment opportunities for the community. This initiative not only enhances job growth but also contributes to the availability of affordable housing, which is crucial for sustaining the local workforce.
Through strategic collaboration with the city of Olney, the corporation actively recruits new industries while ensuring the stability and longevity of current businesses. This dual approach strengthens the overall economy, making Olney a more resilient and appealing place for both residents and potential investors. The impact of the Olney Industrial Development Corporation is evident in its commitment to community improvement and the encouragement of a thriving economic environment.
This information is meant to be a general summary of Olney 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: $3,147
- Program Service Revenue: $179,007
- Gross Receipts: $182,154
Assets and Liabilities:
- Total Assets: $943,106
- Total Liabilities: $0
- Net Assets: $943,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDUSTRIAL DEVELOPMENT
Revenue
$179,007
Organization Details
Founding Year
1981
Phone
(940) 564-5879Principal Officer
Wiley Hughey
Main Address
108 E MAIN STREET, OLNEY, TX, 76374
Website
www.olneytexas.comNTEE Category
Code: S31 - Community improvement
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