EIN 85-0164863

Economic Development Corporation of Lea County

IRS 501(c) type
501(c)(6)
Num. employees
8
City
Hobbs
Year formed
1963
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Economic Development Corporation of Lea County is dedicated to promoting and marketing the assets of Lea County to attract capital investment. Their programs focus on promoting economic development and diversification for Lea County, NM. They are located in Hobbs, NM.
Total revenues
$1,766,110
2023
Total expenses
$1,293,663
2023
Total assets
$1,840,220
2023
Num. employees
8
2023

Program areas at Economic Development Corporation of Lea County

Promoting ecomonic Development and diversification for Lea County, nm

Personnel at Economic Development Corporation of Lea County

NameTitleCompensation
Jennifer GrasshamPresident and Chief Executive Officer$156,000
Aj de Los SantosDirector of Marketing and Community Outreach
Sally TomarDirector of Human Resources and Office Manager / Director of Human Resources and Membership Services
Gary SchubertChair$0
David ShawBoard Member$0
...and 7 more key personnel

Financials for Economic Development Corporation of Lea County

RevenuesFYE 06/2023
Total grants, contributions, etc.$397,825
Program services$1,324,594
Investment income and dividends$32,890
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$24,612
Net gain from sale of non-inventory assets$-14,735
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$924
Total revenues$1,766,110

Form 990s for Economic Development Corporation of Lea County

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-27990View PDF
2022-062022-12-06990View PDF
2021-062022-02-25990View PDF
2020-062021-06-08990View PDF
2019-062020-02-10990View PDF
...and 9 more Form 990s

Organizations like Economic Development Corporation of Lea County

OrganizationLocationRevenue
FloridaWest Economic Development AlliancePensacola, FL$1,163,356
Goshen Economic DevelopmentTorrington, WY$797,465
Economic Development Commission of Florida's Space CoastRockledge, FL$2,934,772
Region 9 Economic Development District of SW ColoradoDurango, CO$4,629,224
Montana West Economic DevelopmentKalispell, MT$706,741
Middlesex 3 CoalitionBillerica, MA$1,156,540
Greater New OrleansNew Orleans, LA$4,756,637
Greater Spokane Incorporated (GSI)Spokane, WA$5,819,739
Pueblo Economic Development (PEDCO)Pueblo, CO$1,002,112
Greater San Marcos PartnershipSan Marcos, TX$1,636,459
Data update history
February 5, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 5, 2024
Updated personnel
Identified 2 new personnel
August 30, 2023
Updated personnel
Identified 5 new personnel
August 8, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
MembershipsState / local levelReceives government funding
General information
Address
200 W Broadway
Hobbs, NM 88240
County
Lea County, NM
Website URL
edclc.org/ 
Phone
(575) 397-2039
IRS details
EIN
85-0164863
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1963
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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