Overview
What is Texas City Foreign Trade Zone Corporation?
Texas City Foreign Trade Zone Corporation is a nonprofit organization that operates under the Foreign Trade Zones Act of 1934. Their primary purpose is to manage a foreign trade zone, which facilitates international commerce by reducing customs duties and regulations for imported and exported goods. Currently, they are engaged in a conceptual development study of Shoal Point and surrounding areas, exploring potential opportunities for the expansion and enhancement of their foreign trade zone operations.
Official website here: www.texas-city-tx.org
Is Texas City Foreign Trade Zone Corporation legitimate?
Texas City Foreign Trade Zone Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Texas City Foreign Trade Zone Corporation submitted a form 990EZ, 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.
Official website here: www.texas-city-tx.org
What is the mission statement of Texas City Foreign Trade Zone Corporation?
The Texas City Foreign Trade Zone Corporation, in adherence to the Foreign Trade Zones Act of 1934, is currently engaged in a conceptual development study for Shoal Point and related areas. The primary objective of this study is to explore the potential for expanding the foreign trade zone's operation in these areas. The corporation's activities are aimed at fostering international trade and commerce within the confines of the established regulations. By conducting this study, the corporation seeks to enhance its operational capabilities and contribute to the broader economic landscape.
Official website here: www.texas-city-tx.org
Who is the CEO of Texas City Foreign Trade Zone Corporation?
Unavailable
Official website here: www.texas-city-tx.org
What is the revenue of Texas City Foreign Trade Zone Corporation?
Texas City Foreign Trade Zone Corporation's revenue in 2022 was $101,640.
Official website here: www.texas-city-tx.org
Who are the executives of Texas City Foreign Trade Zone Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.texas-city-tx.org
Where can I find the form 990EZ for Texas City Foreign Trade Zone Corporation?
Texas City Foreign Trade Zone Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.texas-city-tx.org
Learn more at the official website: www.texas-city-tx.org
Mission Statement of Texas City Foreign Trade Zone Corporation
Texas City Foreign Trade Zone Corporation, in essence, operates a foreign trade zone in accordance with the Foreign Trade Zones Act of 1934. Their primary mission involves conducting a conceptual development study of a specific area, Shoal Point, and surrounding regions of interest. This study aims to explore potential opportunities for expanding and enhancing the operation of the foreign trade zone within these areas. The corporation's activities are geared towards facilitating international trade and commerce within the specified foreign trade zone, adhering to the guidelines set forth in the 1934 Act.
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Impact
October, 2024
The Texas City Foreign Trade Zone Corporation plays a crucial role in enhancing regional economic development by operating a foreign trade zone in compliance with the Foreign Trade Zones Act of 1934. Their activities facilitate international trade by allowing goods to be imported, stored, and processed with reduced customs duties and regulatory burdens. This can attract businesses seeking to minimize costs and streamline their supply chains, ultimately fostering job creation and investment within the community.
Currently, the corporation is engaged in a conceptual development study of Shoal Point and surrounding areas, which is essential for identifying opportunities and challenges related to the operations of the trade zone. This study not only aims to optimize the use of available land and resources but also supports strategic planning efforts to enhance the local economy. Through these initiatives, the Texas City Foreign Trade Zone Corporation contributes significantly to community improvement by promoting trade, generating economic activity, and supporting businesses operating in the region.
This information is meant to be a general summary of Texas City Foreign Trade Zone 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $114
- Program Service Revenue: $103,540
- Gross Receipts: $103,654
Assets and Liabilities:
- Total Assets: $202,301
- Total Liabilities: $6,666
- Net Assets: $195,635
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Organization Details
Phone
(409) 948-3111Main Address
PO BOX 2608, TEXAS CITY, TX, 77592
Website
www.texas-city-tx.orgNTEE Category
Code: S40 - Community improvement
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