EIN 45-4733224

Greater Gallup Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
6
City
Gallup
Year formed
2012
Most recent tax filings
2024-06-01
NTEE code, primary
Description
Greater Gallup Economic Development Corporation drives economic growth by building on local assets and strategically partnering to target attraction and recruitment of business and industrial employers that provide economic-base jobs in the Gallup-Mckinley County area. From June 30, 2022, to July 31, 2023, GGEDC successfully coordinated and led development efforts related to the hydrogen economy and end-user businesses for the state of New Mexico, including northwest New Mexico and the area.
Total revenues
$571,230
2024
Total expenses
$650,186
2024
Total assets
$1,935,486
2024
Num. employees
6
2024

Program areas at Greater Gallup Economic Development Corporation

(1)business attraction & recruitment (bar): under the ggedcs core business attraction and recruitment (bar) program, the ggedc secured and began execution of a contract from mckinley county (renewed for another year at july 1, 2024) to oversee and coordinate the work of consultant teams on three inter-related Development projects,engaged by the county to plan and design: (a) an autonomous vehicles test track complex; (b) a hydrogen fuel hub; and (c) a multi-functional inland port facility. Ggedc staff and local consultants assisted the county in the rfp/consultant procurement process and then coordinated communications and tracked progress on each of the initiatives. These efforts were funded by three planning and design grants from the new mexico department of transportation (nmdot). The ggedc also began work under its contract with the city of Gallup (also pursuant to an nmdot grant) to secure expert assistance in obtaining from us customs a foreign trade zone and user-fee airport designation for the Gallup municipal airport an initiative likewise interrelated with the inland port complex design. This certification process is running in parallel with plans for rehabilitation of the airport terminal facility. Highlights of the organizations bar work included two Economic roundtable conferences focused on the tradeport initiatives: one was held in santa fe in january 2024 (over 60 in attendance); and the second one was held in Gallup in june 2024 (about 40 in attendance). The reports and presentations at these events were outstanding, adding great value to the ggedcs work. (2) marketing: the ggedcs bar and marketing efforts included (a) close communication with and technical assistance to a number of companies considering relocating to the Greater Gallup area, resulting in one company committing to relocate and several companies sustaining interest; and (b) attendance and networking with industry leaders at several national conferences, including the transatlantic business investment council (tbic), journal of commerce (joc) inland distribution conference, the international manufacturing technology show (imts), the select usa trade show, and the breakbulk trade show. The ggedc achieved recertification by tbic, as well as by the new mexico Economic Development department as a certified Economic Development organization. (3) business retention & expansion (bre): the ggedc continued and refined its award-winning business retention and expansion (bre) program, including semi-annual interviews with key economic-base employers and recognition of a local employer,peabody coal company, for its Economic contributions to the region. The ggedc also actively continued its support for expansion of the mckinley paper operation located at prewitt in eastern mckinley county. The ggedc received an award from the international Economic Development council(iedc) for its outstanding work in organizing and hosting Economic Development week in the Greater Gallup community.

Financials for Greater Gallup Economic Development Corporation

RevenuesFYE 06/2024
Total grants, contributions, etc.$555,872
Program services$0
Investment income and dividends$14,999
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$359
Total revenues$571,230

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Columbia Economic Development CorporationHudson, NY$1,181,402
Southside First Economic Development CouncilSan Antonio, TX$240,099
Anson Economic Development CorporationWadesboro, NC$2,118,049
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Data update history
February 12, 2025
Posted financials
Added Form 990 for fiscal year 2024
February 10, 2025
Updated personnel
Identified 1 new personnel
September 23, 2024
Updated personnel
Identified 1 new personnel
November 26, 2023
Posted financials
Added Form 990 for fiscal year 2023
November 26, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
PO Box 1795
Gallup, NM 87305
County
McKinley County, NM
Website URL
gallupedc.com/ 
Phone
(505) 722-2980
IRS details
EIN
45-4733224
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
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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