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Sweetwater Industrial Foundation

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

EIN: 756022517 ✦ Sweetwater, TX ✦ Designated as a 501(c)(6)

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Overview

What is Sweetwater Industrial Foundation?

Sweetwater Industrial Foundation, located in Sweetwater, Texas, serves as an urban development organization with a significant mission. Their primary focus is to stimulate economic growth within the city. By promoting economic development, they aim to contribute positively to Sweetwater's overall prosperity. The organization's activities and mission are centered around fostering a thriving economic environment in the city.

Is Sweetwater Industrial Foundation legitimate?

Sweetwater Industrial Foundation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Sweetwater Industrial Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Sweetwater Industrial Foundation?

The Sweetwater Industrial Foundation, an urban development organization, is committed to fostering economic growth. Their mission is centered around promoting economic development, aiming to enhance the economic well-being of the community they serve. This organization works tirelessly to stimulate economic activity and create opportunities for growth and prosperity.

Who is the CEO of Sweetwater Industrial Foundation?

Walt May is the Vp, Sec, Treasurer of Sweetwater Industrial Foundation.

What is the revenue of Sweetwater Industrial Foundation?

Sweetwater Industrial Foundation's revenue in 2020 was $5,852.

Who are the executives of Sweetwater Industrial Foundation and what are their salaries?


Here are 2 key members and their salaries:


Rodney Foster (Vp, Sec, Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walt May (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sweetwater Industrial Foundation?

Sweetwater Industrial Foundation's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Sweetwater Industrial Foundation

Sweetwater Industrial Foundation, as a mission-driven organization, is committed to driving economic growth in its realm. Their primary objective, in simpler terms, is to foster and stimulate economic development within the community they serve. By doing so, they aim to contribute to the overall betterment and progress of the community, ultimately improving the lives of its residents.

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Impact




October, 2024

Sweetwater Industrial Foundation plays a crucial role in advancing economic development within Sweetwater, TX. By focusing on community improvement, this organization fosters local growth and enhances the quality of life for residents. Through various initiatives, it supports infrastructure development, attracts businesses, and creates job opportunities, ultimately contributing to a vibrant and sustainable economy in the area. The foundation’s commitment to urban development strengthens the community, empowering residents and promoting a thriving environment for both current and future generations.




This information is meant to be a general summary of Sweetwater Industrial Foundation. 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
$5,852 (2020)
Expenses
$546,392 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $3,752
  • Program Service Revenue: $2,100
  • Gross Receipts: $5,852

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

HANGAR RENTAL

Revenue

$2,100

Organization Details

Founding Year

1962

Principal Officer

Walt May

Main Address

PO BOX 1148, SWEETWATER, TX, 79556

NTEE Category

Code: S31Z - Community improvement

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