Wiregrass Economic Development Corporation

Organization Overview

Wiregrass Economic Development Corporation is located in Enterprise, AL. The organization was established in 1994. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Wiregrass Economic Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wiregrass Economic Development Corporation 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, Wiregrass Economic Development Corporation generated $479.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $383.8k during the year ending 12/2021. While expenses have increased by 8.3% 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

TO PROMOTE COMMERCIAL AND INDUSTRIAL GROWTH AND PROSPERITY FOR THE CITY OF ENTERPRISE, COFFEE COUNTY AND GENEVA COUNTY, ALABAMA. THE BOARD WILL PURSUE A PROGRAM WHICH INCLUDES, BUT IS NOT LIMITED TO: (1) ESTABLISH AND MAINTAIN A SUPPORT AND RETENTION PROGRAM FOR EXISTING BUSINESS AND INDUSTRY; (2) WORK TO MAINTAIN A HIGH PER CAPITA INCOME AND CREATE JOBS THAT PAY ABOVE THE AVERAGE WAGE RATES FOR SOUTHEAST ALABAMA; (3) RECRUIT NEW MANUFACTURING AND SERVICE SECTOR JOBS FOR OUR MARKET AREA; (4) WORK TO INCREASE RETAIL SALES WITHIN OUR TRADE AREA ON AN ANNUAL BASIS; AND, ALL OTHER AREAS DEEMED NECESSARY TO PROMOTE ECONOMIC DEVELOPMENT IN SOUTHEAST ALABAMA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUSINESS AND INDUSTRY RECRUITMENT


BUSINESS RETENTION AND SUPPORT


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $241,065
All other contributions, gifts, grants, and similar amounts not included above$87,425
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$328,490
Total Program Service Revenue$0
Investment income $514
Tax Exempt Bond Proceeds $0
Royalties $0
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 $479,607

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