Overview
What is Somerset Pulaski County Economic Development Authority Inc?
Somerset Pulaski County Economic Development Authority Inc, often referred to as SPEDA, is a nonprofit organization based in Somerset, Kentucky. With a mission to improve the local business environment, SPEDA acts as a central point of contact for businesses considering relocation or expansion in the community. By fostering cooperation among various government entities and private sector organizations, SPEDA strives to enhance the region's overall economic development. Their activities include outreach for retail and commercial development, tourism marketing, workforce development, education, and community planning. SPEDA also collaborates to fill various voids and coordinate projects within the community, playing a crucial role in the region's workforce development efforts. With a team of two dedicated individuals, SPEDA is dedicated to enhancing the business climate and supporting the growth of Somerset and Pulaski County.
Official website here: www.somersetkyleads.com
Is Somerset Pulaski County Economic Development Authority Inc legitimate?
Somerset Pulaski County Economic Development Authority Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Somerset Pulaski County Economic Development Authority Inc 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: $264,336
For more financial information, click here
Official website here: www.somersetkyleads.com
What is the mission statement of Somerset Pulaski County Economic Development Authority Inc?
The Somerset Pulaski County Economic Development Authority Inc's mission is centered around enhancing the business environment in the community. They aim to foster cooperation among various government entities and private sector organizations. Acting as a vital point of contact, they assist businesses looking to establish or expand their operations in the area, as well as support the growth of existing local companies. Additionally, they are involved in the region's workforce development efforts.
Official website here: www.somersetkyleads.com
What is the revenue of Somerset Pulaski County Economic Development Authority Inc?
Somerset Pulaski County Economic Development Authority Inc's revenue in 2024 was $2,189,130.
Official website here: www.somersetkyleads.com
Who are the executives of Somerset Pulaski County Economic Development Authority Inc and what are their salaries?
The average compensation at Somerset Pulaski County Economic Development Authority Inc during 2024 was $132,168. There are 2 employees at Somerset Pulaski County Economic Development Authority Inc.
Here are 9 key members and their salaries:
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Official website here: www.somersetkyleads.com
Where can I find the form 990 for Somerset Pulaski County Economic Development Authority Inc?
Somerset Pulaski County Economic Development Authority Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.somersetkyleads.com
Learn more at the official website: www.somersetkyleads.com
Mission Statement of Somerset Pulaski County Economic Development Authority Inc
Somerset Pulaski County Economic Development Authority Inc, abbreviated as SPEDA, is dedicated to enhancing the business environment in the community and fostering cooperation among various government entities and private sector organizations. In essence, SPEDA serves as a vital point of contact for businesses looking to establish or expand their operations within the area. The organization's mission extends beyond this, as it also assists existing local companies in their expansion efforts and contributes to the region's workforce development initiatives. By playing this role, SPEDA aims to contribute positively to the overall economic growth and development of the community.
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Impact
October, 2024
Somerset Pulaski County Economic Development Authority Inc. plays a crucial role in enhancing the business climate and fostering collaboration among government entities and private organizations. By serving as a primary contact point for businesses looking to establish or expand their operations in the area, SPEDA actively contributes to the region’s economic growth.
The organization focuses on various key areas including retail and commercial development, tourism marketing, workforce development, and overall community planning. Through its outreach initiatives, SPEDA addresses the unique needs of the local economy, helping to fill gaps in services and coordinating projects that benefit both the community and the region.
Additionally, SPEDA's emphasis on workforce development ensures that local companies can find skilled workers, which is vital for business expansion and sustainability. By promoting education and collaboration, SPEDA cultivates a supportive environment for existing businesses while attracting new enterprises to Somerset and Pulaski County, ultimately creating a more vibrant and prosperous community.
This information is meant to be a general summary of Somerset Pulaski County Economic Development Authority Inc. 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 2024.
- Investment Income: $19,252
- Gross Receipts: $2,237,079
Assets and Liabilities:
- Total Assets: $7,359,151
- Total Liabilities: $1,317,994
- Net Assets: $6,041,157
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Organization Details
Founding Year
2019
Principal Officer
Chris Girdler
Website
www.somersetkyleads.comNTEE Category
Code: S41 - Community improvement
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