Wharton Economic Development Corp

The Wharton Economic Development Corp, with an Employer Identification Number (EIN) of 760573917, is a nonprofit organization committed to economic development. It is classified under the category of Community Improvement and Economic Development, based on the National Taxonomy of Exempt Entities (NTEE)[1][4].

Mission and Activities

The primary mission of the Wharton Economic Development Corp is to create a positive climate for businesses and industrial growth and investment. It aims to assist in the creation of jobs and increase the local tax base, thereby contributing to the overall economic vitality of the region[4]. Located in Wharton, Texas, it serves as a Type B Economic Development Corporation[2].

Financial Overview

As of recent reports, the organization's revenue primarily comes from program services. In fiscal years ending around the early 2020s, the organization's revenue was substantial, with contributions and investment income playing smaller roles. Expenses are primarily allocated towards operational costs, with executive compensation making up a significant portion of expenses[1][2].

Leadership

Key leadership positions within the organization include an Executive Director, who oversees the day-to-day operations and strategic direction of the organization. However, specific details about the current board members are not publicly disclosed[3][4].

Operations

The Wharton Economic Development Corp operates to provide services that support businesses in establishing, locating, or expanding operations within Wharton, Texas. The organization is situated strategically near major transportation routes, making it an attractive location for businesses seeking logistical advantages[3][5].