Daffy

Wharton Economic Development Corp

Wharton Economic Development Corp

Wharton, TX 77488
Tax ID76-0573917

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About this organization

Revenue

$1,416,540

Expenses

$726,412

Mission

To develop a positive climate for businesses and industrial growth and investment; assist in the creation of jobs; increase the tax base of the various taxing entities; diversify the local economy to make it more impervious to state and national economic recession; and make plans and take necessary actions to insure that all necessary infrastructure is in place to allow for proper development of Wharton, Texas.

About

Economic development programs benefit the approximately 9,500 residents of Wharton, Texas. They preserve, protect, enhance, and encourage activity in the existing buildings in downtown and on the gateways of Wharton, Texas.

Interesting data from their 2020 990 filing

In the filing, the mission of the non-profit is noted as “To develop a positive climate for businesses and industrial growth and investment; assist in the creation of jobs; increase the tax base of the various taxing entities; diversify the local economy to make it more impervious to state and national economic recession; and make plans and take necessary actions to insure that all necessary infrastructure is in place to allow for proper development of wharton, texas.”.

When referring to its responsibilities, they were outlined as: “To develop a positive climate for businesses and industrial growth and investment; assist in the creation of jobs; increase the tax base of the various taxing entities; diversify the local economy to make it more impervious to state and national economic recession; and make plans and take necessary actions to insure that all necessary infrastructure is in place to allow for proper development of wharton, texas.”.

  • The state in which the non-profit is legally registered to operate is TX, as per legal records.
  • The filing documents the non-profit's address in 2020 as 1944 N FULTON STREET, WHARTON, TX, 77488.
  • According to the non-profit's form, they have 2 employees on their payroll as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $690,128.
  • The CEO compensation strategy within the organization is not based on a review and approval from an impartial entity.
  • The organization has 7 independent voting members.
  • The organization was formed in 2000.
  • The organization pays $207,088 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
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