New Boston Special Industrial Development Corp

Organization Overview

New Boston Special Industrial Development Corp is located in New Boston, TX. The organization was established in 1991. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Boston Special Industrial Development Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, New Boston Special Industrial Development Corp generated $518.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $96.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE INDUSTRIAL DEVELOPMENT IN AND AROUND NEW BOSTON, TEXAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLECTION OF SPECIAL SALES TAX WHICH IS USED TO ENTICE INDUSTRIAL DEVELOPMENT BY PROVIDING LAND, INFRASTRUCTURE, AND FACILITIES IN AND AROUND NEW BOSTON, TEXAS.


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Board, Officers & Key Employees

Name (title)Compensation
Nancy Satterfield
Secretary
$0
Ronny Looney
President
$0
Lynn Davis
Director
$0
Kelley Branson
Director
$0
David Daniel
Director
$0
Chad Duffer
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $13,663
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $27,000
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $518,496

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