Overview
What is Commerce Economic Development Corporation?
The Commerce Economic Development Corporation is a nonprofit organization situated in Commerce, Texas, with the primary mission of fostering economic growth and development within the city. Operating from 1119 Alamo Street, this entity actively promotes and assists in various economic initiatives to enhance Commerce's economic landscape. By engaging in such activities, the Corporation aims to contribute positively to the city's overall well-being and prosperity.
Official website here: www.commercetxedc.com/
Is Commerce Economic Development Corporation legitimate?
Commerce Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Commerce Economic 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: $99,634
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.commercetxedc.com/
What is the mission statement of Commerce Economic Development Corporation?
The Commerce Economic Development Corporation is dedicated to fostering and supporting economic growth within its sphere. Their mission is geared towards promoting and aiding in the economic development of an unspecified city, with Texas mentioned as its location in the provided data. Their activities primarily revolve around stimulating economic growth and development. They work towards this goal by providing assistance and guidance where necessary, aiming to contribute positively to the city's economic landscape.
Official website here: www.commercetxedc.com/
Who is the CEO of Commerce Economic Development Corporation?
Scott Ward is the President of Commerce Economic Development Corporation.
Official website here: www.commercetxedc.com/
What is the revenue of Commerce Economic Development Corporation?
Commerce Economic Development Corporation's revenue in 2022 was $1,057,586.
Official website here: www.commercetxedc.com/
Who are the executives of Commerce Economic Development Corporation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $99,634
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.commercetxedc.com/
Where can I find the form 990 for Commerce Economic Development Corporation?
Commerce Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commercetxedc.com/
Learn more at the official website: www.commercetxedc.com/
Mission Statement of Commerce Economic Development Corporation
The Commerce Economic Development Corporation, abbreviated as CEDC, is dedicated to fostering and facilitating economic growth within the city of Commerce, Texas. Its primary objective is to promote and assist in the economic development of the city, working tirelessly to enhance its economic landscape. By engaging in various promotional activities, the CEDC plays a significant role in attracting businesses, creating job opportunities, and improving the overall economic well-being of the community.
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Impact
October, 2024
The Commerce Economic Development Corporation plays a vital role in fostering economic growth and development in the city of Commerce, Texas. By actively promoting and assisting local businesses, the Corporation enhances the overall economic landscape of the area. Its initiatives focus on attracting new businesses, supporting existing enterprises, and creating opportunities for job growth, all of which contribute to community improvement.
Through strategic planning and collaboration with local stakeholders, the Corporation implements programs that stimulate investment and enhance the quality of life in Commerce. By prioritizing economic development, it helps to create a vibrant business environment, ensuring that the city remains an attractive destination for both entrepreneurs and residents. This focus on economic vitality ultimately leads to increased prosperity, benefiting the entire community.
This information is meant to be a general summary of Commerce Economic 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: $326,690
- Program Service Revenue: $730,896
- Gross Receipts: $1,066,090
Assets and Liabilities:
- Total Assets: $4,598,754
- Total Liabilities: $97,193
- Net Assets: $4,501,561
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES TAX REVENUES
Revenue
$730,896
Organization Details
Founding Year
1994
Phone
(903) 886-1121Principal Officer
Scott Ward
Main Address
1119 ALAMO STREET, COMMERCE, TX, 75428
Website
www.commercetxedc.com/NTEE Category
Code: S31 - Community improvement
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