Overview
What is Orange Economic Development Corporation?
The Orange Economic Development Corporation (Orange EDC) is a not-for-profit entity established under the laws of Texas, specifically as a 4B Sales Tax Corporation. Their primary role is to utilize sales tax revenue, as mandated by state law, for economic development purposes. The organization, situated in Orange, Texas, operates under the Chapter 380 Economic Development program. This program involves reimbursing sales tax to annexed properties, in accordance with the Chapter 380 agreement. The Orange EDC's focus is solely on supporting the local economy and promoting growth in the community. Their operations are carried out by a dedicated team of one individual.
Official website here: www.orangetexas.gov
Is Orange Economic Development Corporation legitimate?
Orange Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orange Economic Development Corporation 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: $136,991
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.orangetexas.gov
What is the mission statement of Orange Economic Development Corporation?
The Orange Economic Development Corporation, established as a Not-for-Profit 4B Sales Tax Corporation under the laws of Texas, is primarily focused on utilizing sales tax revenue for economic development purposes. This organization's mission is to contribute to the economic growth of the community by channeling the financial resources derived from sales tax revenue and interest earnings towards initiatives that support economic development. The Chapter 380 Economic Development program is one of their key initiatives, which involves reimbursing sales tax to annexed properties in accordance with the Chapter 380 agreement.
Official website here: www.orangetexas.gov
Who is the CEO of Orange Economic Development Corporation?
Randy Trahan is the Principal Officer of Orange Economic Development Corporation.
Official website here: www.orangetexas.gov
What is the revenue of Orange Economic Development Corporation?
Orange Economic Development Corporation's revenue in 2022 was $2,766,327.
Official website here: www.orangetexas.gov
Who are the executives of Orange Economic Development Corporation and what are their salaries?
The average compensation at Orange Economic Development Corporation during 2022 was $136,991. There are 1 employees at Orange Economic Development Corporation.
Here are 8 key members and their salaries:
- Larry Spears (Director)
- Paul Burch (Secretary)
- Randy L Trahan (Executive Director)
- Brad Childs (Vice President)
- Divon Willliams (President)
- Tremena Horn (Director)
- Jason Rodrigue (Director)
- Matt Chandler (Treasurer)
Official website here: www.orangetexas.gov
Where can I find the form 990 for Orange Economic Development Corporation?
The Orange Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.orangetexas.gov
Learn more at the official website: www.orangetexas.gov
Mission Statement of Orange Economic Development Corporation
The Orange Economic Development Corporation, a not-for-profit organization, is established under the laws of Texas as a 4B Sales Tax Corporation. This corporation is granted the authority to utilize sales tax revenue and interest revenue solely for economic development purposes, as stipulated by state law. The primary mission of the Orange Economic Development Corporation is to channel these funds into initiatives that stimulate and support economic growth within its jurisdiction. By leveraging the Chapter 380 Economic Development program, the corporation provides reimbursement of sales tax to annexed properties, in accordance with the Chapter 380 agreement. This strategic allocation of resources aims to foster a thriving economic environment, ultimately benefiting the community at large.
Impact
This information is meant to be a general summary of Orange Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Orange Economic Development Corporation's impact is significant in driving economic growth and development in Orange, Texas. Through its Chapter 380 Economic Development program, the organization provides reimbursement of sales tax to annexed properties, as per the Chapter 380 agreement. This initiative plays a crucial role in incentivizing business growth and investment in the community, ultimately leading to job creation and improved infrastructure. By leveraging sales tax revenue in accordance with state laws to support economic development initiatives, Orange EDC is actively fostering a more prosperous and vibrant local economy.
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.
- Assets and Liabilities:
Organization Details
Founding Year
2004
Phone
(409) 883-1041
Principal Officer
Randy Trahan
Main Address
PO Box 520, Orange, TX, 77631
Website
www.orangetexas.gov
NTEE Category
Code: S30 - Community improvement
If you are a representative of Orange Economic Development Corporation 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.