Overview
What is Industrial Developments Inc?
Industrial Developments Inc, based in Grand Junction, Colorado, is a nonprofit organization dedicated to facilitating economic growth in Mesa County. They achieve this by collaborating with local governments and other economic development organizations. Their mission is to lessen the burden on local governments in promoting economic development and to attract and assist industrial, commercial businesses, and small business concerns in establishing or locating in Mesa County, Colorado, using various inducements and means as needed. Their activities aim to foster and develop these businesses, ultimately promoting economic growth in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Industrial Developments Inc has received a solid Three-Star rating from Charity Navigator, reflecting a score of 79%. This rating is an indication of the organization's accountability and financial health, showcasing its commitment to transparency and effective governance practices. The organization has achieved a perfect score for having a majority of independent board members and no material diversion of assets, which are critical indicators of responsible management.
In terms of financial efficiency, Industrial Developments Inc boasts a program expense ratio of 69.09%, meaning that a significant portion of its expenses directly supports its programs. This suggests that the organization is effectively using its resources to fulfill its mission. The liabilities to assets ratio is reported at 0.00%, indicating strong financial stability and a lack of debt, which is a positive sign for potential donors.
Despite these strengths, there may be areas for improvement, particularly regarding its conflict of interest policy, which is rated slightly lower than other categories. Overall, the organization demonstrates a commitment to accountability and effective use of funds, making it a potentially reliable option for supporters interested in contributing to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Industrial Developments Inc legitimate?
Industrial Developments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Industrial Developments 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: $0
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What is the mission statement of Industrial Developments Inc?
Industrial Developments Inc's mission is to alleviate the burden on local governments in promoting economic development. They strive to promote, foster, develop, and encourage the establishment or location of industrial and commercial business enterprises and small businesses in an undisclosed location. The organization utilizes various inducements and methods to attract these businesses, aiming to make the process necessary, desirable, or expedient.
Who is the CEO of Industrial Developments Inc?
Mark Austin is the President of Industrial Developments Inc.
What is the revenue of Industrial Developments Inc?
Industrial Developments Inc's revenue in 2022 was -$19,420.
Who are the executives of Industrial Developments Inc and what are their salaries?
There 10 volunteers at Industrial Developments Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Industrial Developments Inc?
Industrial Developments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Industrial Developments Inc
Industrial Developments Inc, as a mission-driven organization, aims to alleviate the burden on local governments in fostering economic development. By promoting, encouraging, and developing industrial and commercial business enterprises and small business concerns, this nonprofit seeks to attract and assist such businesses in establishing or relocating within their operations. They employ various means and incentives deemed necessary, desirable, or expedient to achieve these objectives. The ultimate goal of Industrial Developments Inc is to stimulate economic growth and development in its respective field, thereby contributing positively to the overall economic landscape.
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Impact
October, 2024
Industrial Developments Inc plays a crucial role in enhancing economic development in Mesa County, Colorado, particularly through its initiatives aimed at attracting and supporting industrial and commercial businesses. By partnering with local governmental units and other economic development organizations, it helps to alleviate the burdens on local authorities, enabling a more streamlined approach to fostering business growth.
The organization actively promotes the establishment of small business concerns within the region, offering various inducements and means to facilitate their setup and expansion. This collaborative approach not only stimulates job creation but also strengthens the local economy by diversifying the business landscape and enhancing community vitality.
Through its dedicated efforts, Industrial Developments Inc contributes to a sustainable economic environment that encourages innovation and entrepreneurship, supporting a vibrant community in Grand Junction and the wider Mesa County area. Its focus on economic improvement is vital for attracting new investments and ensuring long-term prosperity for the community.
This information is meant to be a general summary of Industrial Developments 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 2022.
- Investment Income: -$64,920
- Gross Receipts: $219,611
Assets and Liabilities:
- Total Assets: $1,621,188
- Total Liabilities: $0
- Net Assets: $1,621,188
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Organization Details
Founding Year
1959
Phone
(970) 242-3214Principal Officer
Mark Austin
Main Address
360 GRAND AVENUE, GRAND JUNCTION, CO, 81501
NTEE Category
Code: S31 - Community improvement
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