EIN 85-6014972

Carlsbad Department of Development

IRS 501(c) type
501(c)(6)
Num. employees
7
City
Carlbad
Year formed
1972
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Carlsbad Department of Development actively solicits and moves new business and industry to Carlsbad, NM, with a mission to promote the economic and general welfare of all its citizens. Its program service goals include promoting job retention and creation by recruiting new industry while identifying new job opportunities. The program also strives to promote local businesses in Carlsbad and south eddy county through the promotion of commercial and community endeavors.
Also known as...
Carlsbad Industrial Action
Total revenues
$777,531
2023
Total expenses
$877,741
2023
Total assets
$2,318,543
2023
Num. employees
7
2023

Program areas at Carlsbad Department of Development

Marketing & Development: the program service goals are to promote the economic and general welfare of the citizens of the city of Carlsbad and south eddy county through job retention and creation by recruiting new industry, identifying new job opportuinites, expanding and retaining existing business and diversifying the local economy. Job retention and creation occurs as a result of coordinated initiatives in the areas of labor force readiness and training, small business deveopment, research and Development outreach, infrasturcture, capital resources, technology and communication and quality of life issues.
Local Development: the program services goals are to promote local business in Carlsbad and south eddy county. The program assists the business community in the promotion of commercial and community endeavors. In addition, the local Development services are designed to enhance the success of existing businesses and assist residents who are thinking about opening their own business.
Cascades riverwalk: the cascades at Carlsbad is an open-air market place with over 650,000 square feet available for Development. The cascades will offer retail, dining,and entertainment venues at the ground level and office space on the upper floors. There are plans to have upscale hotels and family entertainment centers within the project creating a unique experience.

Personnel at Carlsbad Department of Development

NameTitleCompensation
John WatersExecutive Director$152,509
Jason ShirleyPresident$0
Ericka LaneyVice President / Treasurer / Director$0

Financials for Carlsbad Department of Development

RevenuesFYE 06/2023
Total grants, contributions, etc.$735,885
Program services$0
Investment income and dividends$5,306
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$36,340
Total revenues$777,531

Form 990s for Carlsbad Department of Development

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-11990View PDF
2021-062022-05-10990View PDF
2020-062021-06-30990View PDF
2019-062019-12-27990View PDF
...and 9 more Form 990s
Data update history
July 15, 2024
Updated personnel
Identified 54 new personnel
July 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 18 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
MembershipsState / local levelReceives government funding
General information
Address
400-2 Cascades Ave 201
Carlbad, NM 88220
County
Eddy County, NM
Website URL
developcarlsbad.org/ 
Phone
(575) 887-6562
IRS details
EIN
85-6014972
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1972
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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