Overview
What is Tye Industrial Development Corp?
Tye Industrial Development Corp, based in Abilene, Texas, is a nonprofit organization dedicated to fostering economic growth within the city of Tye. They achieve this by offering low-interest loans and grants to local business owners, contributing to the industrial development of the city. With a small team of one employee, TIDCO plays a significant role in promoting and enhancing economic opportunities for the community.
Official website here: www.cityoftyeedc.org
Is Tye Industrial Development Corp legitimate?
Tye Industrial Development Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Tye Industrial 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: $25,556
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 Industrial Development Corp?
The Tye Industrial Development Corp's mission is centered around fostering the industrial development of a city. In this endeavor, they provide low-interest loans and grants to local business owners, aiming to stimulate economic growth. Their activities are geared towards promoting, supporting, and enhancing economic development within their jurisdiction. The corporation's goal is to contribute to the city's industrial sector, ultimately fostering a prosperous and thriving economic environment.
Official website here: www.cityoftyeedc.org
What is the revenue of Tye Industrial Development Corp?
Tye Industrial Development Corp's revenue in 2023 was $284,451.
Official website here: www.cityoftyeedc.org
Who are the executives of Tye Industrial Development Corp and what are their salaries?
The average compensation at Tye Industrial Development Corp during 2023 was $25,556. There is 1 employee at Tye Industrial Development Corp.
Here are 7 key members and their salaries:
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Official website here: www.cityoftyeedc.org
Where can I find the form 990 for Tye Industrial Development Corp?
Tye Industrial Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cityoftyeedc.org
Learn more at the official website: www.cityoftyeedc.org
Mission Statement of Tye Industrial Development Corp
Tye Industrial Development Corp, a notable entity, is dedicated to facilitating the industrial growth of its city. Its mission is centered around promoting, aiding, and enhancing economic development within Tye, Texas. The corporation achieves this objective by offering low-interest loans and grants to local business owners, thereby contributing to the city's economic prosperity.
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Impact
October, 2024
Tye Industrial Development Corp plays a crucial role in fostering economic growth in the city of Tye, Texas. By promoting industrial development, TIDCO facilitates opportunities for business owners through various financial initiatives, including low-interest loans and grants. These resources not only support the establishment and expansion of local businesses but also stimulate job creation and enhance the overall economic landscape of Tye.
Through its strategic assistance, TIDCO contributes to community improvement by attracting new investments and encouraging sustainable practices that benefit residents and local enterprises alike. The impact of TIDCO is evident in the vibrant commercial environment it cultivates, positioning Tye as an appealing location for businesses and fostering a robust, diverse economy.
This information is meant to be a general summary of Tye Industrial 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: $14,520
- Program Service Revenue: $313,843
- Gross Receipts: $745,465
Assets and Liabilities:
- Total Assets: $1,314,971
- Total Liabilities: $68,307
- Net Assets: $1,246,664
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sales Tax Revenue
Revenue
$313,843
Organization Details
Principal Officer
George Deffenbaugh
Website
www.cityoftyeedc.orgNTEE Category
Code: S30 - Community improvement
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