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Bladen's Bloomin' Agri-Industrial Inc

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

EIN: 460502334 ✦ Elizabethtown, NC ✦ Designated as a 501(c)(3)

Overview

What is Bladen's Bloomin' Agri-Industrial Inc?

Bladen's Bloomin' Agri-Industrial Inc is a nonprofit organization situated in Elizabethtown, North Carolina, specifically at 218 Aviation Parkway A, 28337. Their primary objective is to foster economic growth in Bladen County while simultaneously alleviating the financial burden on the government. They achieve this by offering financial opportunities for local industries, enabling expansion and job creation. Specifically, they issue interest-bearing notes for the purchase of equipment and buildings, which are then leased to the industries. This model allows for depreciation expenses to be attributed to the leased buildings. With a workforce of eight employees, Bladen's Bloomin' Agri-Industrial Inc plays a significant role in promoting the economic well-being of its community.


Is Bladen's Bloomin' Agri-Industrial Inc legitimate?

Bladen's Bloomin' Agri-Industrial Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bladen's Bloomin' Agri-Industrial 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,009

For more financial information, click here


What is the mission statement of Bladen's Bloomin' Agri-Industrial Inc?
Who is the CEO of Bladen's Bloomin' Agri-Industrial Inc?
What is the revenue of Bladen's Bloomin' Agri-Industrial Inc?
Who are the executives of Bladen's Bloomin' Agri-Industrial Inc and what are their salaries?
Where can I find the form 990 for Bladen's Bloomin' Agri-Industrial Inc?

Mission Statement of Bladen's Bloomin' Agri-Industrial Inc

Bladen's Bloomin' Agri-Industrial Inc, a nonprofit organization, is committed to fostering economic growth in Bladen County while simultaneously reducing the burden on the government. Their mission is twofold: to provide financial opportunities for local industries, enabling them to expand and create job opportunities, and to lease buildings and equipment to these industries as part of their mission. The organization depreciates the cost of the leased buildings, contributing to their goal of reducing the financial strain on the government. By supporting local industries, Bladen's Bloomin' Agri-Industrial Inc aims to stimulate economic development in the region, thereby creating a more prosperous community.

Impact

This information is meant to be a general summary of Bladen's Bloomin' Agri-Industrial Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Bladen's Bloomin' Agri-Industrial Inc's impact is focused on promoting economic development in Bladen County while also reducing the burden on the government. This organization provides local industry with financial opportunities to expand and create jobs. By offering notes for equipment and building purchases for lease to industry, they play a significant role in supporting the growth of businesses in the area. Their mission of promoting economic development and community improvement in Elizabethtown, NC, reflects their commitment to strengthening the local economy and creating opportunities for job growth.





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 2022.

  • Investment Income: $20,538
  • Program Service Revenue: $1,144,930
  • Gross Receipts: $1,481,904

    • Assets and Liabilities:
  • Total Assets: $12,665,652
  • Total Liabilities: $5,369,440
  • Net Assets: $7,296,212
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTALS

    Revenue

    $1,009,468

    LEASE INTEREST

    Revenue

    $135,462

    Organization Details

    Founding Year

    2002

    Principal Officer

    Leon Martin

    Main Address

    218 AVIATION PARKWAY A, ELIZABETHTOWN, NC, 28337

    NTEE Category

    Code: S30 - Community improvement

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