EIN 85-0164863

Economic Development Corporation of Lea County

IRS 501(c) type
501(c)(6)
Num. employees
12
City
Hobbs
Year formed
1963
Most recent tax filings
2024-06-01
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
$1,554,450
2024
Total expenses
$1,249,954
2024
Total assets
$3,921,749
2024
Num. employees
12
2024

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$163,475

Financials for Economic Development Corporation of Lea County

RevenuesFYE 06/2024
Total grants, contributions, etc.$324,451
Program services$1,139,804
Investment income and dividends$65,308
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$24,612
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$275
Total revenues$1,554,450

Form 990s for Economic Development Corporation of Lea County

Fiscal year endingDate received by IRSFormPDF link
2024-062024-12-06990View PDF
2023-062023-11-27990View PDF
2022-062022-12-06990View PDF
2021-062022-02-25990View PDF
2020-062021-06-08990View PDF
...and 10 more Form 990s
Data update history
February 3, 2025
Posted financials
Added Form 990 for fiscal year 2024
February 1, 2025
Updated personnel
Identified 3 new personnel
January 31, 2025
Updated personnel
Identified 1 new personnel
February 5, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 5, 2024
Updated personnel
Identified 2 new personnel
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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