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Graves County Economic Development Inc

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

EIN: 311027582 ✦ Mayfield, KY ✦ Designated as a 501(c)(3)

Overview

What is Graves County Economic Development Inc?

Graves County Economic Development Inc, located at 210 East College Street, Mayfield, Kentucky 42066, is a small-scale nonprofit organization with a mission to proactively seek out new businesses and industries for economic growth in the Mayfield and Graves County area. Their primary focus is on attracting new companies, contributing to the local economy and creating opportunities for job creation and community development. With a team of three dedicated individuals, the organization is committed to fostering a thriving and prosperous business environment in Graves County, Kentucky.


Is Graves County Economic Development Inc legitimate?

Graves County Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Graves County Economic Development 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.

Here are some key statistics you may want to consider:

Executive Compensation: $187,108
Professional Fundraising Fees: $0
Other Salaries and Wages: $102,079

For more financial information, click here


What is the mission statement of Graves County Economic Development Inc?
Who is the CEO of Graves County Economic Development Inc?
What is the revenue of Graves County Economic Development Inc?
Who are the executives of Graves County Economic Development Inc and what are their salaries?
Where can I find the form 990 for Graves County Economic Development Inc?

Mission Statement of Graves County Economic Development Inc

Graves County Economic Development Inc, a nonprofit organization, is committed to actively seeking out new companies and industries to establish in the Mayfield, Kentucky, and Graves County, Kentucky, areas. Their mission is centrally focused on driving economic growth by attracting new businesses, thereby enhancing the local economy. By actively searching for potential industries, Graves County Economic Development Inc aims to stimulate job creation and foster a prosperous business environment. Their activities are instrumental in propelling the economic development of the area, ultimately benefiting the community as a whole.

Impact

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




Thursday, August 15, 2024

The impact of Graves County Economic Development Inc is significant in driving economic growth and development in the Mayfield, KY and Graves County, KY area. By actively searching for new companies and industries to establish roots in the region, the organization contributes to job creation, infrastructure improvement, and overall community enhancement. Their efforts play a crucial role in attracting investment, fostering innovation, and strengthening the local economy. Through their mission of promoting economic development, Graves County Economic Development Inc positively influences the quality of life and opportunities available to residents in the area.





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 2020.

  • Investment Income: $67,384
  • Program Service Revenue: $0
  • Gross Receipts: $1,841,300

    • Assets and Liabilities:
  • Total Assets: $7,819,175
  • Total Liabilities: $885,724
  • Net Assets: $6,933,451
  • Organization Details

    Founding Year

    1981

    Principal Officer

    Ryan Drane

    Main Address

    210 East College Street, Mayfield, KY, 42066

    NTEE Category

    Code: S32Z - Community improvement

    If you are a representative of Graves County Economic Development Inc 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.