Overview
What is Littlefield Economic Development Corp?
Littlefield Economic Development Corp, based in Littlefield, Texas, is a nonprofit organization funded through a sales tax collected by the state and allocated to the city. Its primary mission is to improve the economic environment within and surrounding the city by incentivizing private industries to relocate or expand their operations in the area, thereby increasing employment opportunities. This initiative aims to alleviate unemployment and under-employment in the region. The corporation has been instrumental in securing grants for projects such as water well improvements and airport hangar development, further contributing to the city's economic growth.
Is Littlefield Economic Development Corp legitimate?
Littlefield Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Littlefield 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:
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Other Salaries and Wages: $56,878
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What is the mission statement of Littlefield Economic Development Corp?
The Littlefield Economic Development Corporation is a body funded through a state-collected sales tax, contributing to the city of Littlefield. Its primary objective is to enhance the economic environment by motivating private industries to relocate or expand their operations within the city, thereby leading to an increase in employment opportunities. Alleviating unemployment and under-employment is a significant focus for this organization, aiming to stimulate economic growth and development.
What is the revenue of Littlefield Economic Development Corp?
Littlefield Economic Development Corp's revenue in 2023 was $870,427.
Who are the executives of Littlefield Economic Development Corp 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 Littlefield Economic Development Corp?
Littlefield Economic Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Littlefield Economic Development Corp
Littlefield Economic Development Corporation, funded through a sales tax collected by the state and paid to the city, is a dedicated economic development organization. Its primary objective is to enhance the economic environment within and surrounding the city. The corporation achieves this by incentivizing private industries to either relocate to or expand their operations within the city, ultimately leading to increased employment opportunities. Alleviating unemployment and under-employment is a significant charge for Littlefield Economic Development Corporation, aiming to foster a thriving economic landscape.
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Impact
October, 2024
Littlefield Economic Development Corp significantly enhances the economic landscape of Littlefield, Texas, by focusing on attracting and expanding private industries in the area. By utilizing funds generated from a dedicated sales tax, the corporation implements strategic incentives aimed at fostering growth in local businesses. This drive not only incentivizes relocation and expansion efforts but also plays a pivotal role in generating new job opportunities, which directly addresses issues of unemployment and underemployment in the community.
The impact of the Littlefield EDC is evident in its various initiatives, including grants for essential infrastructure improvements, such as water well enhancements and airport hangar development. These projects not only support the operational needs of growing industries but also boost the overall quality of life for residents. As a result, the Littlefield Economic Development Corp serves as a catalyst for community improvement, driving economic growth and enhancing employment opportunities in the region.
This information is meant to be a general summary of Littlefield 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $58,079
- Gross Receipts: $870,427
Assets and Liabilities:
- Total Assets: $1,707,964
- Total Liabilities: $0
- Net Assets: $1,707,964
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Organization Details
Founding Year
1994
Principal Officer
Ronnie Rogers
NTEE Category
Code: S41 - Community improvement
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