Big Spring Industrial Foundation Inc

Organization Overview

Big Spring Industrial Foundation Inc is located in Big Spring, TX. The organization was established in 1957. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Spring Industrial Foundation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Big Spring Industrial Foundation Inc generated $33.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $22.4k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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

INDUSTRIAL DEVELOPMENT FOR THE CITY OF BIG SPRING AND HOWARD COUNTY, TEXAS

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACTIVE RECURITING OF INDUSTRY AND BUSINESSES FOR THE BIG SPRING, HOWARD COUNTY AREA TO HELP INCREASE THE NUMBER OF JOBS AND WAGE BASE IN OUR LOCAL AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Leslie Elrod-Hobbs
Treasurer
$0
Richard Steel
President
$0
Debra Valverde
Secretary
$0
Robert Patterson
Director
$0
Bill Pollard Jr
Director
$0
Don Reynolds
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 $4,614
Tax Exempt Bond Proceeds $0
Royalties $28,789
Net Rental Income $0
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 $33,403

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