Abilene Industrial Foundation

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

EIN: 756035743 ✦ Abilene, TX ✦ Designated as a 501(c)(6)

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Overview

What is Abilene Industrial Foundation?

The Abilene Industrial Foundation is a nonprofit organization based in Abilene, Texas. With a primary focus on economic development, they implement initiatives aimed at promoting business growth, expansion, and diversification in the local area. Their activities encompass entrepreneurial programs, workforce and talent development, all working towards the betterment of the economy within and surrounding Abilene. The organization's mission is centered on fostering the economic growth and development of the region.

Is Abilene Industrial Foundation legitimate?

Abilene Industrial Foundation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Abilene 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: $71,792
Professional Fundraising Fees: $203,100
Other Salaries and Wages: $138,723

For more financial information, click here

What is the mission statement of Abilene Industrial Foundation?

The Abilene Industrial Foundation is dedicated to fostering the expansion and improvement of the economy in its surrounding areas. This mission encompasses promoting business growth and retention, as well as supporting entrepreneurial endeavors and workforce development programs. The foundation also focuses on enhancing talent development initiatives to contribute to a diverse and thriving economy.

Who is the CEO of Abilene Industrial Foundation?

Doug Peters is the President of Abilene Industrial Foundation.

What is the revenue of Abilene Industrial Foundation?

Abilene Industrial Foundation's revenue in 2022 was $2,269,166.

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

There 75 volunteers at Abilene Industrial Foundation.


Here are 67 key members and their salaries:


Doug Peters (President)
  • Compensation: $0
  • Related: $283,605
  • Other: $28,916
Scott Senter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph E Canon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Mcvey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jaime Correa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pearl Merritt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norm Archibald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Carr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Senter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Ross (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hc C Zachry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Russell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Cannon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Hicks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacob Bunton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Cheek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrin Black (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Beale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Poarch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael D Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael B Starr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Beckham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Fernandez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Noonan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dani Ramsay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natalie Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Rentz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Holland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Spano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Tittle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Barr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Hibbs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Gutierrez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Crawford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Casey Curnutt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Black (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tucker Bridwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Bessent (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Blair (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yvonne Batts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Alford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Gill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert Guiterrez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Butler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Ferguson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Darby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Lauve (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marelyn Shedd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Howle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Evans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donmark Nickson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Mcneer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dee Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Eldridge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Dunnahoo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seaton Higginbotham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Woody Gilliland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Galbraith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Dueser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shaun Martin (Chair Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Guthrie (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Dugger (Secretarytreasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Grubbs (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Abilene Industrial Foundation?

Abilene Industrial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Abilene Industrial Foundation

The Abilene Industrial Foundation is committed to fostering the expansion and diversification of the economy in its vicinity. This nonprofit organization focuses on promoting business growth through strategic programs, specifically in the areas of business retention and expansion, and entrepreneurial development. Additionally, the Abilene Industrial Foundation is dedicated to enhancing workforce and talent development, all with the aim of contributing to the overall economic prosperity in the region.

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Impact



October, 2024

Abilene Industrial Foundation significantly enhances the economic landscape of Abilene and its surrounding areas. By implementing targeted programs for business retention and expansion, the foundation fosters a thriving environment for local businesses. Additionally, its initiatives in entrepreneurial support and workforce development are pivotal in nurturing talent and driving innovation. This commitment not only strengthens the local economy but also promotes diversity and sustainable growth, ensuring that Abilene remains competitive and vibrant in an ever-changing economic landscape. Through these strategic efforts, the foundation contributes to the overall improvement and prosperity of the community.



This information is meant to be a general summary of Abilene 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
$2,269,166 (2022)
Expenses
$821,696 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$1,828
  • Program Service Revenue: $375,000
  • Gross Receipts: $2,271,373

Assets and Liabilities:

  • Total Assets: $2,100,803
  • Total Liabilities: $182,310
  • Net Assets: $1,918,493

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Programs

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

Government Contracts

Revenue

$375,000

Organization Details

Founding Year

1962

Principal Officer

Doug Peters

Main Address

PO Box 2281, Abilene, TX, 79604

NTEE Category

Code: S31 - Community improvement

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