Overview
What is Sandoval Economic Alliance Inc?
Sandoval Economic Alliance Inc, established in Rio Rancho, New Mexico, is a nonprofit organization committed to enhancing the community's appeal as a desirable location for living, working, and operating businesses. Their primary objective is to promote economic vibrancy by creating, strengthening, and retaining economic base jobs that contribute to a better quality of life in Rio Rancho and Sandoval County. They accomplish this through various marketing strategies, such as trade shows, direct mailings, and site visits, attracting new companies and supporting the growth of existing ones. Their mission is to foster an environment that encourages career advancement and houses quality economic base companies, actively recruiting new businesses to the region while aiding existing ones in their expansion. With a workforce of five individuals, Sandoval Economic Alliance Inc plays a significant role in fostering economic stability, growth, and excellence in the region.
Is Sandoval Economic Alliance Inc legitimate?
Sandoval Economic Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Sandoval Economic Alliance 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:
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What is the mission statement of Sandoval Economic Alliance Inc?
Sandoval Economic Alliance Inc's mission is centered around fostering economic vibrancy. The organization aims to create, strengthen, and retain economic base jobs, thereby enhancing the quality of life in the community. Their activities are geared towards promoting awareness of the community as an attractive place to operate, live, and work. They accomplish this through various marketing strategies, including trade shows, direct mailings, and site visits. The organization's goals include promoting a healthy, vibrant, and active community by supporting a business-friendly environment. This allows for career-enhancing companies to thrive, actively recruiting new economic base companies, helping existing companies grow, and working with community leaders to maintain economic stability, growth, and excellence.
Who is the CEO of Sandoval Economic Alliance Inc?
Fred Sheperd is the CEO of Sandoval Economic Alliance Inc The CEO's salary of Sandoval Economic Alliance Inc is $125,000 and their total compensation is $125,000.
What is the revenue of Sandoval Economic Alliance Inc?
Sandoval Economic Alliance Inc's revenue in 2023 was $418,660.
Who are the executives of Sandoval Economic Alliance Inc and what are their salaries?
The average compensation at Sandoval Economic Alliance Inc during 2023 was $39,420. There are 5 employees at Sandoval Economic Alliance Inc.
Here are 23 key members and their salaries (Sandoval Economic Alliance Inc's CEO's salary is $125,000 and their total compensation is $125,000):
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Where can I find the form 990 for Sandoval Economic Alliance Inc?
Sandoval Economic Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sandoval Economic Alliance Inc
Sandoval Economic Alliance Inc, a nonprofit organization, is dedicated to fostering economic vitality by creating, strengthening, and retaining economic base jobs that enhance the quality of life. The primary aim of this alliance is to promote an attractive community for businesses to operate, live, and work in. To achieve this, they administer recruitment and public relations programs, drawing in new companies and helping existing local businesses grow and thrive. Their efforts involve various marketing strategies such as trade shows, direct mailings, and site visits for companies considering relocation or expansion within their region. The organization's ultimate goal is to support a business-friendly environment, allowing career-enhancing, quality economic base companies to thrive, actively recruit new economic base companies, assist existing companies in growth, and collaborate with community leaders to establish an environment of economic stability, growth, and excellence.
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Impact
October, 2024
Sandoval Economic Alliance Inc significantly enhances the economic landscape of Rio Rancho and Sandoval County, New Mexico, by fostering vibrancy through job creation, retention, and strengthening of the economic base. Their efforts improve the quality of life in the region by making it an attractive community for both living and working.
The Alliance actively promotes awareness of the region, showcasing it as a prime location for business operations. Through targeted marketing initiatives—such as trade shows, direct mailings, and personalized proposals—they attract new companies while supporting the growth and expansion of existing local businesses.
By cultivating a business-friendly environment, the Alliance plays a crucial role in promoting career-enhancing opportunities for residents. Their strategic partnerships with community leaders further reinforce a framework of economic stability, growth, and excellence. This holistic approach not only drives economic development but also enriches the overall community, ensuring a vibrant and thriving environment for all.
This information is meant to be a general summary of Sandoval Economic Alliance 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 2023.
- Investment Income: $32
- Program Service Revenue: $206,465
- Gross Receipts: $418,660
Assets and Liabilities:
- Total Assets: $405,958
- Total Liabilities: $123,720
- Net Assets: $282,238
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE FOR SERVICE
Revenue
$206,465
Organization Details
Founding Year
1992
Principal Officer
Fred Shepherd
NTEE Category
Code: S31 - Community improvement
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