Overview
What is Economic Development Corporation Of Lea County?
The Economic Development Corporation of Lea County, situated in Hobbs, New Mexico, is a nonprofit organization dedicated to fostering economic growth and diversification within the county. Their primary objective is to promote and market the county's assets to attract capital investments. This mission is accomplished by a team of eight dedicated individuals. The corporation plays a crucial role in boosting Lea County's economic landscape, enhancing its overall development.
Official website here: www.edclc.org
Is Economic Development Corporation Of Lea County legitimate?
Economic Development Corporation Of Lea County is a legitimate nonprofit organization registered as a 501(c)(6) entity. Economic Development Corporation Of Lea County 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: $163,475
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,946
For more financial information, click here
Official website here: www.edclc.org
What is the mission statement of Economic Development Corporation Of Lea County?
The Economic Development Corporation of Lea County's mission is centered around promoting and marketing the assets of the county to attract capital investment. This organization actively works towards fostering economic development and diversification in the area, aiming to bring in investment that can contribute to the county's growth and prosperity. By showcasing the county's strengths and potential, the Economic Development Corporation of Lea County encourages businesses and investors to consider investing in the region, ultimately contributing to its overall development.
Official website here: www.edclc.org
What is the revenue of Economic Development Corporation Of Lea County?
Economic Development Corporation Of Lea County's revenue in 2024 was $1,554,450.
Official website here: www.edclc.org
Who are the executives of Economic Development Corporation Of Lea County and what are their salaries?
The average compensation at Economic Development Corporation Of Lea County during 2024 was $30,618. There are 12 employees at Economic Development Corporation Of Lea County.
Here are 19 key members and their salaries:
- Compensation: $163,475
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.edclc.org
Where can I find the form 990 for Economic Development Corporation Of Lea County?
Economic Development Corporation Of Lea County's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.edclc.org
Learn more at the official website: www.edclc.org
Mission Statement of Economic Development Corporation Of Lea County
The Economic Development Corporation of Lea County, in its mission, strives to promote and market the assets of the region to attract capital investment. This nonprofit organization is dedicated to fostering economic development and diversification in Lea County, New Mexico, with a primary goal of attracting investments that will contribute to the county's growth and prosperity. By showcasing the county's resources and potential, the Economic Development Corporation of Lea County aims to draw in investors and businesses, ultimately driving development and diversification across various sectors.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Economic Development Corporation of Lea County plays a vital role in promoting economic growth and diversification in Lea County, New Mexico. By effectively marketing the region's assets, the organization attracts capital investment which is essential for fostering a vibrant local economy.
This strategic focus on economic development enhances community improvement by not only creating jobs but also diversifying the economic landscape, making it more resilient to market fluctuations. The efforts of the Economic Development Corporation help to elevate the standard of living for residents, stimulate local businesses, and foster an environment conducive to innovation and investment. As a result, the organization significantly contributes to the overall prosperity of Hobbs and the greater Lea County area.
This information is meant to be a general summary of Economic Development Corporation Of Lea County. 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: $65,308
- Program Service Revenue: $1,139,804
- Gross Receipts: $1,554,450
Assets and Liabilities:
- Total Assets: $1,840,220
- Total Liabilities: $60,902
- Net Assets: $1,779,318
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$1,139,804
Organization Details
Founding Year
1963
Principal Officer
Jennifer Grassham
Website
www.edclc.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Economic Development Corporation Of Lea County and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.