Nonprofits›Economic Development Corporation

Economic Development Corporation

HOBBS, NM

Website

Total revenue

$1.9M

Total expenses

$1.6M

Net assets

$2.3M

Grants received

—

EIN

850164863

Tax year

2024

Mission

Promoting and marketing assets of lea county to attract capital investment

Financials

FY 2024

Revenue

Contributions & grants$519K
Program service revenue$1.3M
Investment income$50K
Other revenue$25K
Total revenue$1.9M

Expenses

Grants paid—
Salaries & benefits$470K
Fundraising—
Other expenses$1.1M
Total expenses$1.6M
Total assets$2.7M
Net assets$2.3M

People

18 listed

NameRoleCompensation

JENNIFER GRASSHAM

PRESIDENT

Board

$170K

40 hrs/wk

GARY SCHUBERT

CHAIR

Board

—

1 hrs/wk

BRADLEY BISHOP

CHAIR ELECT

Board

—

1 hrs/wk

BILL RICHARDS

PAST CHAIR

Board

—

1 hrs/wk

ALFONSO CISNEROS

TREASURER

Board

—

1 hrs/wk

RICHARD MARTIN

SECRETARY

Board

—

1 hrs/wk

ANDRIA HENKES

DIRECTOR

Board

—

1 hrs/wk

KALI BROWN

DIRECTOR

Board

—

1 hrs/wk

DAVID SHAW

DIRECTOR

Board

—

1 hrs/wk

DERRICK JONES

DIRECTOR

Board

—

1 hrs/wk

TINA TIFFANY

DIRECTOR

Board

—

1 hrs/wk

MICHAEL MARKSBERRY

DIRECTOR

Board

—

1 hrs/wk

JOHN PAUL HENDERSON

DIRECTOR

Board

—

1 hrs/wk

REBECCA JAMISON

DIRECTOR

Board

—

1 hrs/wk

STEVEN COX

DIRECTOR

Board

—

1 hrs/wk

JEREMY BAKER

DIRECTOR

Board

—

1 hrs/wk

SUSANA RODRIGUEZ

DIRECTOR

Board

—

1 hrs/wk

LISA HARDISON

DIRECTOR

Board

—

1 hrs/wk

Details

EIN850164863
Subsection06
Ruling date1964-07
Formed1963
Employees9
Volunteers0
ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo