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Gainesville Economic Development Corp

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

EIN: 752706606 ✦ Gainesville, TX ✦ Designated as a 501(c)(3)

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Overview

What is Gainesville Economic Development Corp?

Gainesville Economic Development Corp is a nonprofit organization, headquartered at 200 S Rusk, Gainesville, Texas 76240. Their primary mission is to foster economic growth within the city by offering incentives and assistance to local businesses and industries. This encompasses providing resources and support to help these entities thrive and contribute positively to the local economy. The organization's activities are geared towards promoting business development and expansion within the city limits of Gainesville.

Is Gainesville Economic Development Corp legitimate?

Gainesville Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gainesville 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:

Executive Compensation: $147,977
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,594

For more financial information, click here

What is the mission statement of Gainesville Economic Development Corp?

The Gainesville Economic Development Corp's mission is centered around providing economic development incentives and assistance to businesses and industries within its operational scope. This organization aims to foster growth and prosperity within the business community by offering various forms of support. By offering these incentives and assistance, the corporation seeks to attract and retain businesses, thereby contributing to the overall economic vitality of the city. The corporation's activities are focused on promoting business expansion and job creation, ultimately benefiting the local economy.

Who is the CEO of Gainesville Economic Development Corp?

Ryan Morris is the President of Gainesville Economic Development Corp.

What is the revenue of Gainesville Economic Development Corp?

Gainesville Economic Development Corp's revenue in 2022 was $1,913,813.

Who are the executives of Gainesville Economic Development Corp and what are their salaries?


Here are 8 key members and their salaries:


William Myers (Executive Dir.)
  • Compensation: $147,977
  • Related: $0
  • Other: $0
Ryan Morris (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Goldsworthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Neelley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Jo Dollar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Nichols (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Presson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelton Medlock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Gainesville Economic Development Corp?

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

Mission Statement of Gainesville Economic Development Corp

The Gainesville Economic Development Corp, in its mission, is committed to offering economic development incentives and assistance to businesses and industries within the city of Gainesville. This nonprofit organization aims to support and foster the growth of these entities, contributing to the city's economic development. By providing assistance, the Gainesville Economic Development Corp aims to create a conducive environment for businesses, thereby promoting economic prosperity and growth within the city.

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Impact




October, 2024

The Gainesville Economic Development Corp significantly contributes to the city's economic growth by providing essential incentives and assistance to local businesses and industries. Its efforts help stimulate investment, create jobs, and enhance the overall business climate in Gainesville. By facilitating access to resources and support, the organization fosters an environment where entrepreneurs can thrive, ultimately leading to community improvement and a stronger local economy. Through targeted programs and initiatives, it aims to attract new businesses while supporting the expansion of existing ones, ensuring sustainable economic development for the city.




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

Revenue
$1,913,813 (2022)
Expenses
$668,181 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7,673
  • Gross Receipts: $1,945,296

Assets and Liabilities:

  • Total Assets: $8,379,296
  • Total Liabilities: $834,520
  • Net Assets: $7,544,776

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Organization Details

Principal Officer

Ryan Morris

Main Address

200 S RUSK, GAINESVILLE, TX, 76240

NTEE Category

Code: S30 - Community improvement

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