Wilson Economic Foundation Inc

Overview

Wilson Economic Foundation Inc is a nonprofit organization located in Wilson County, North Carolina. Its primary mission is to foster economic growth and development within the community by supporting local businesses, facilitating job creation, and enhancing the overall economic well-being of the region.

Structure and Operations

As a 501(c)(6) entity, Wilson Economic Foundation Inc operates under the category of business leagues, chambers of commerce, and real estate boards, aimed at improving business conditions for its members. It is managed by a modest workforce, with one employee reported in recent filings. The foundation does not detail specific programs but aims to create a conducive environment for economic growth and sustainable development in Wilson County.

Financial Information

In 2022, the organization reported a revenue of $192,783, with assets totaling $572,347 and liabilities of $2,164. The average compensation for employees was $35,000, reflecting the organization's lean operational structure. There were no executive or related party compensation payments recorded.

Governance

Craig Myers is listed as the President of Wilson Economic Foundation Inc, leading the organization's efforts in economic development. The foundation adheres to regulatory requirements, submitting annual Form 990 filings with the Internal Revenue Service, ensuring transparency in its operations.

Impact

By focusing on initiatives that enhance community improvement, Wilson Economic Foundation Inc plays a critical role in promoting a vibrant local economy. Its efforts in supporting local businesses and attracting new investments contribute to improving the quality of life for residents in Wilson County. The foundation's commitment to economic growth not only boosts the county's financial stability but also promotes sustainable community development.