NonprofitsGeorgia Foreign-Trade Zone Inc

Georgia Foreign-Trade Zone Inc

ATLANTA, GA

Total revenue

$649K

Total expenses

$520K

Net assets

$1.2M

Grants received

EIN

581593983

Tax year

2024

Mission

The georgia foreign-trade zone (gftz) supports the creation & retention of jobs in georgia by promoting and facilitating the use of the foreign-trade zone program. Gftz assists existing businesses in georgia and new businesses considering locating to georgia in obtaining ftz benefits. Gftz provides ongoing support to ftz operators to lower operating costs by deferring, reducing, and eliminating the payment of us customs duties on imported goods. Gftz enhances economic opportunity within local communities and contributes to the overall economic development of the state.

Programs

1 program

The georgia foreign-trade zone (gftz) continues its mission of promoting economic development in the state through use of the foreign-trade zone program. Georgia foreign trade zone submitted three applications on behalf of new and existing zone users. Three applications were approved by the u.s. Department of commerce, foreign trade zone board in 2024.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$636K
Investment income$13K
Other revenue
Total revenue$649K

Expenses

Grants paid
Salaries & benefits$305K
Fundraising
Other expenses$216K
Total expenses$520K
Total assets$1.2M
Net assets$1.2M

People

11 listed

NameRoleCompensation

JULIE BROWN

PRESIDENT &

Board

$235K

40 hrs/wk

JOSEPH BANKOFF

IMMEDIATE PA

Board

BOB KOSEK

BOARD MEMBER

Board

DAVID LUCKIE

BOARD MEMBER

Board

GERALD MCDOWELL

CHAIRMAN

Board

MISTI MARTIN

SECRETARY &

Board

SCOTT MCMURRAY

BOARD MEMBER

Board

RICHARD SARGENT

BOARD MEMBER

Board

GREGG SIMON

BOARD MEMBER

Board

STACY WATSON

BOARD MEMBER

Board

MYRNA WHITE

BOARD MEMBER

Board

Details

EIN581593983
Subsection06
Ruling date1986-03
Formed1975
Employees1
GEORGIA FOREIGN-TRADE ZONE INC — Mission, Financials & Grants Received | Grantivo