Overview
What is Arcola 4B Corporation?
Arcola 4B Corporation is a nonprofit entity, established under the state laws of Texas, serving as an economic development catalyst within the city of Arcola. Operating as a component unit of the city, its primary function is to foster economic growth for public purposes. This is achieved through the collection of sales tax revenues, which it utilizes to promote development within the city. The corporation's mission is centered around stimulating economic advancement within Arcola, contributing to its overall prosperity.
Official website here: www.cityofarcolatx.org/
Is Arcola 4B Corporation legitimate?
Arcola 4B Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Arcola 4B Corporation 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:
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Official website here: www.cityofarcolatx.org/
What is the mission statement of Arcola 4B Corporation?
Arcola 4B Corporation, established under Texas state laws, is committed to fostering economic growth within its jurisdiction for public purposes. Serving as a component unit of the city of Arcola, it operates primarily from the revenue collected through sales taxes. Its mission is to stimulate economic development within the city, aiming to enhance the community's overall prosperity and well-being. The corporation's activities are geared towards attracting and retaining businesses, creating job opportunities, and improving the local infrastructure, thereby contributing to the city's overall development. It operates in a way that benefits the community, aligning its goals with the larger public interest.
Official website here: www.cityofarcolatx.org/
Who is the CEO of Arcola 4B Corporation?
Greg Abarr is the Secretary of Arcola 4B Corporation.
Official website here: www.cityofarcolatx.org/
What is the revenue of Arcola 4B Corporation?
Arcola 4B Corporation's revenue in 2022 was $181,737.
Official website here: www.cityofarcolatx.org/
Who are the executives of Arcola 4B Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.cityofarcolatx.org/
Where can I find the form 990 for Arcola 4B Corporation?
Arcola 4B Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cityofarcolatx.org/
Learn more at the official website: www.cityofarcolatx.org/
Mission Statement of Arcola 4B Corporation
Arcola 4B Corporation, established under the state laws of Texas, is a mission-driven organization with a primary focus on promoting economic development within its city for public purposes. This entity operates as a component unit of the city of Arcola, deriving its operational funds from the collection of sales tax revenues. Its main objective is to foster economic growth and development within the city, contributing positively to its overall well-being.
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Impact
October, 2024
Arcola 4B Corporation significantly impacts the economic landscape of Arcola, Texas, by focusing on the promotion of economic development within the city. Operating under state law, the corporation is dedicated to enhancing public welfare through various initiatives that stimulate growth and enhance the quality of life for residents. By utilizing sales tax revenues, Arcola 4B Corporation invests in projects and programs that support local businesses, create jobs, and improve infrastructure. This strategic investment not only fosters economic resilience but also ensures that the community can thrive while meeting the needs of its citizens. Through its efforts, the corporation plays a vital role in shaping the future of Arcola, making it a more vibrant and economically sustainable place to live and work.
This information is meant to be a general summary of Arcola 4B 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: $82
- Gross Receipts: $181,737
Assets and Liabilities:
- Total Assets: $713,476
- Total Liabilities: $0
- Net Assets: $713,476
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Organization Details
Founding Year
1995
Phone
(281) 431-1852Principal Officer
Greg Abarr
Main Address
13222 HWY 6, ARCOLA, TX, 77583
Website
www.cityofarcolatx.org/NTEE Category
Code: P20 - Human services
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