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Tye Economic Development Corporation

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

EIN: 752647791 ✦ Tye, TX ✦ Designated as a 501(c)(3)

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Overview

What is Tye Economic Development Corporation?

Tye Economic Development Corporation, situated in Tye, Texas, serves as a dedicated entity for promoting economic growth within the city. Their primary mission is to foster economic development, aiming to enhance the city's economic well-being and prosperity. This nonprofit organization operates with a vision to contribute positively to the City of Tye's economic landscape.


Official website here: www.cityoftyeedc.org

Is Tye Economic Development Corporation legitimate?

Tye Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tye 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: $16,165
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cityoftyeedc.org

What is the mission statement of Tye Economic Development Corporation?

The Tye Economic Development Corporation, serving as an economic development organization, is dedicated to promoting growth and prosperity within its unspecified jurisdiction. Their mission is centered around fostering economic development, aiming to enhance the overall economic well-being of the community they serve. They strive to create a conducive environment for businesses, fostering job opportunities and stimulating economic growth. The corporation's goals are aligned with enhancing the region's competitiveness, attracting investment, and improving the local economy.


Official website here: www.cityoftyeedc.org

Who is the CEO of Tye Economic Development Corporation?

Cody Ellis is the Ceo of Tye Economic Development Corporation. The CEO's salary of Tye Economic Development Corporation is $36,951 and their total compensation is $36,951.


Official website here: www.cityoftyeedc.org

What is the revenue of Tye Economic Development Corporation?

Tye Economic Development Corporation's revenue in 2022 was $321,467.


Official website here: www.cityoftyeedc.org

Who are the executives of Tye Economic Development Corporation and what are their salaries?

The average compensation at Tye Economic Development Corporation during 2022 was $16,165. There is 1 employee at Tye Economic Development Corporation.


Here are 8 key members and their salaries (Tye Economic Development Corporation's CEO's salary is $36,951 and their total compensation is $36,951):


Cody Ellis (Ceo)
  • Compensation: $36,951
  • Related: $0
  • Other: $0
George Deffenbaugh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danette Dunlap (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Arnold (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vada Childers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Kotrlik (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janie Ritter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenny Dry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cityoftyeedc.org

Where can I find the form 990 for Tye Economic Development Corporation?

Tye Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cityoftyeedc.org

Learn more at the official website: www.cityoftyeedc.org

Mission Statement of Tye Economic Development Corporation

Tye Economic Development Corporation, a nonprofit entity, is dedicated to fostering economic growth within the City of Tye, Texas. Their primary mission is to drive economic development within the city, aiming to enhance its overall economic landscape and prosperity. By focusing on economic development, this organization seeks to create opportunities for businesses, attract investments, and stimulate job creation, ultimately contributing to the city's overall economic well-being.

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Impact




October, 2024

The Tye Economic Development Corporation plays a crucial role in fostering economic growth within the City of Tye, Texas. By focusing on various initiatives that promote development, the organization enhances the local economy, attracts new businesses, and supports community projects. Its commitment to economic development helps create job opportunities and improves the overall quality of life for residents. Additionally, by investing in recreational facilities and activities, the corporation contributes to a vibrant community that appeals to both residents and potential newcomers, thereby strengthening Tye's position as a desirable place to live and work.




This information is meant to be a general summary of Tye 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.

Revenue
$321,467 (2022)
Expenses
$216,081 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,269
  • Program Service Revenue: $298,719
  • Gross Receipts: $321,467

Assets and Liabilities:

  • Total Assets: $1,076,066
  • Total Liabilities: $89,532
  • Net Assets: $986,534

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

1/2 cent sales tax

Revenue

$298,719

Organization Details

Principal Officer

Cody Ellis

Main Address

PO Box 125, Tye, TX, 79563

NTEE Category

Code: N31 - Recreation

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