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Martinsville-Henry County Economic Development Corp

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

EIN: 113843016 ✦ Martinsville, VA ✦ Designated as a 501(c)(3)

Overview

What is Martinsville-Henry County Economic Development Corp?

The Martinsville-Henry County Economic Development Corporation is a nonprofit organization situated in Martinsville, Virginia. Its primary mission is to stimulate economic growth and job creation by encouraging the expansion of existing local businesses and industries, as well as attracting new businesses to establish operations in the Martinsville/Henry County region. This corporation plays a crucial role in enhancing the tax base of the area, ultimately benefiting the community as a whole.


Official website here: www.yesmartinsville.com

Is Martinsville-Henry County Economic Development Corp legitimate?

Martinsville-Henry County Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martinsville-Henry County Economic Development Corp 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.

Here are some key statistics you may want to consider:

Executive Compensation: $320,676
Professional Fundraising Fees: $0
Other Salaries and Wages: $444,992

For more financial information, click here


Official website here: www.yesmartinsville.com

What is the mission statement of Martinsville-Henry County Economic Development Corp?

The Martinsville-Henry County Economic Development Corp is dedicated to expanding the local tax base and creating employment opportunities. They accomplish this by encouraging the growth of existing businesses and industries within the region, as well as attracting new businesses to establish their operations. The corporation's primary objective is to stimulate job creation and economic growth in the area.


Official website here: www.yesmartinsville.com

Who is the CEO of Martinsville-Henry County Economic Development Corp?

Mark Heath is the President & Ceo of Martinsville-Henry County Economic Development Corp. The CEO's salary of Martinsville-Henry County Economic Development Corp is $268,417 and their total compensation is $320,676.


Official website here: www.yesmartinsville.com

What is the revenue of Martinsville-Henry County Economic Development Corp?

Martinsville-Henry County Economic Development Corp's revenue in 2023 was $1,915,977.


Official website here: www.yesmartinsville.com

Who are the executives of Martinsville-Henry County Economic Development Corp and what are their salaries?

Here are 9 key members and their salaries (Martinsville-Henry County Economic Development Corp's CEO's salary is $268,417 and their total compensation is $320,676):

    Mark Heath (President & Ceo)
  • Compensation: $268,417
  • Related: $0
  • Other: $52,259

    • Rhonda Hodges (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leon Towarnicki (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gracie Agnew (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Stone (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Lampe (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Mcclain (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dale Wagoner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev Charles Whitfield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.yesmartinsville.com

    Where can I find the form 990 for Martinsville-Henry County Economic Development Corp?

    The Martinsville-Henry County Economic Development Corp’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.yesmartinsville.com

    Learn more at the official website: www.yesmartinsville.com

    Mission Statement of Martinsville-Henry County Economic Development Corp

    Martinsville-Henry County Economic Development Corp is dedicated to expanding the local tax base and creating job opportunities within the community. To achieve this mission, the corporation encourages the expansion of existing businesses and industries within the region and actively recruits new businesses to establish operations in the area. This proactive approach aims to boost the local economy and provide employment opportunities for residents, thereby enhancing the overall well-being of the community.

    Impact

    This information is meant to be a general summary of Martinsville-Henry County Economic Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Martinsville-Henry County Economic Development Corp's impact is significant in expanding the tax base and providing job opportunities for the Martinsville/Henry County area. By encouraging the expansion of local businesses and industries and actively recruiting new businesses to locate in the region, the organization plays a crucial role in stimulating economic growth and fostering a thriving business community. Through its dedicated efforts, the Corporation helps create employment opportunities, enhance the local economy, and drive overall community improvement in Martinsville and Henry County, Virginia.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $54,537
  • Program Service Revenue: $0
  • Gross Receipts: $1,915,977

    • Assets and Liabilities:
  • Total Assets: $5,994,808
  • Total Liabilities: $586,429
  • Net Assets: $5,408,379
  • Organization Details

    Founding Year

    2008

    Principal Officer

    Mark Heath

    Main Address

    191 FAYETTE ST THIRD FLOOR, MARTINSVILLE, VA, 24112

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Martinsville-Henry County Economic Development Corp 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.