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Economic Action Group Incorporated

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

EIN: 814958212 ✦ Youngstown, OH ✦ Designated as a 501(c)(3)

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Overview

What is Economic Action Group Incorporated?

The Economic Action Group Incorporated, based in Youngstown, Ohio, is a nonprofit organization with a mission to revitalize and strengthen the economic growth of the downtown area. This includes fostering employment opportunities, promoting higher education, providing government services, and cultivating a vibrant cultural scene. By serving as a catalyst for overall economic development in the Mahoning Valley, the Economic Action Group Incorporated aims to contribute positively to the local community's prosperity, with a team of 17 dedicated individuals working towards this goal.


Official website here: www.eagworks.org

Is Economic Action Group Incorporated legitimate?

Economic Action Group Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Action Group Incorporated 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: $125,064

For more financial information, click here


Official website here: www.eagworks.org

What is the mission statement of Economic Action Group Incorporated?

The Economic Action Group Incorporated is committed to strengthening and expediting the revival of a central hub in downtown areas, serving as a hub for employment, higher education, government services, and culture. This organization aims to act as a catalyst for overall economic development in the specified region. Its mission is centered around solidifying and boosting the growth of this area, ultimately contributing to a broader economic upswing.


Official website here: www.eagworks.org

Who is the CEO of Economic Action Group Incorporated?

Paul Homick Jr is the Board Member of Economic Action Group Incorporated.


Official website here: www.eagworks.org

What is the revenue of Economic Action Group Incorporated?

Economic Action Group Incorporated's revenue in 2022 was $351,319.


Official website here: www.eagworks.org

Who are the executives of Economic Action Group Incorporated and what are their salaries?

The average compensation at Economic Action Group Incorporated during 2022 was $7,357. There are 17 employees at Economic Action Group Incorporated.


Here are 5 key members and their salaries:


Jerome Franklin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Homick Jr (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Trevena (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debora Flora (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Sutman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.eagworks.org

Where can I find the form 990 for Economic Action Group Incorporated?

Economic Action Group Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.eagworks.org

Learn more at the official website: www.eagworks.org

Mission Statement of Economic Action Group Incorporated

The Economic Action Group Incorporated is committed to revitalizing and strengthening Downtown Youngstown as a significant hub for employment, higher education, government services, and culture. Serving as a catalyst for overall economic development in the Mahoning Valley, this organization aims to accelerate the resurgence of this area. By solidifying its position as a key center for these vital sectors, the Economic Action Group Incorporated seeks to contribute to the broader economic growth and development of the region.

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Impact




October, 2024

Economic Action Group Incorporated plays a pivotal role in revitalizing Downtown Youngstown, transforming it into a vibrant hub for employment, education, government services, and cultural activities. By fostering a unifying vision for the area, the organization works tirelessly to attract businesses and institutions that contribute to economic growth, ultimately enhancing the quality of life for residents in Youngstown and the surrounding Mahoning Valley.

Through strategic initiatives, the Economic Action Group functions as a catalyst for overall economic development, creating job opportunities and promoting higher education. Its commitment to community improvement not only revitalizes downtown spaces but also encourages collaboration among local stakeholders, further solidifying Youngstown's status as a center for progress and innovation. The combined efforts result in a dynamic environment that nurtures economic resilience and fosters a sense of pride among community members.




This information is meant to be a general summary of Economic Action Group Incorporated. 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
$351,319 (2022)
Expenses
$181,723 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,690
  • Program Service Revenue: $167,251
  • Gross Receipts: $351,319

Assets and Liabilities:

  • Total Assets: $350,091
  • Total Liabilities: $23,341
  • Net Assets: $326,750

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Programs

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

PROGRAM INCOME

Revenue

$167,251

Organization Details

Founding Year

2013

Principal Officer

Paul Homick Jr

Main Address

100 E FEDERAL ST STE 422, YOUNGSTOWN, OH, 44503

NTEE Category

Code: S30 - Community improvement

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