Abilene Industrial Foundation

Abilene, TX ยท Founded 1962

Promotes economic growth, development, and diversification in the Abilene, Texas region

Primary audience
Businesses and communities
Work area
Economic development
Topic
Regional growth
Contact
Doug Peters
Website Contact

About Organization

The Abilene Industrial Foundation works to strengthen and diversify the economy in and around Abilene, Texas through strategic development initiatives. Based in Abilene, TX, the organization was founded in 1962 and reported $447,631 in revenue in 2023, supported by 75 volunteers. The foundation partners with regional stakeholders to attract businesses and foster sustainable economic expansion.

What They Focus On

Economic Diversification

Expanding industry sectors beyond traditional economic base to build resilience and opportunity across the region

Business Attraction

Recruiting companies to establish operations in Abilene through targeted outreach and regional development incentives

Community Leadership

Developing civic leaders through program support to ensure sustained engagement in regional economic growth

Financial Information

Form 990 data showing organizational financial health and growth.

Revenue (2023)

$448K

-41% vs 2022

Expenses (2023)

$721K

+8.7% vs 2022

Assets (2023)

$1.8M

-13% vs 2022

Year Revenue Expenses Assets Employees
2023 $447,631 $721,454 $1,824,196 0
2022 $758,855 $663,432 $2,097,585 0
2021 $2,269,166 $821,696 $2,100,803 0
2020 $742,424 $574,344 $610,185 0
2019 $649,352 $684,313 $345,740 0
2018 $811,571 $819,676 $409,065 0
2017 $673,863 $664,851 $418,636 0

Source: IRS Form 990 filings. All figures in USD.

How They Work

Learn more
  • 01

    Assess Economic Landscape

    Evaluate regional economic conditions, opportunities, and gaps to identify strategic development priorities

  • 02

    Engage Business Prospects

    Connect with companies seeking expansion or relocation opportunities in the Abilene region

  • 03

    Facilitate Partnerships

    Coordinate with local government, businesses, and stakeholders to support incoming development projects

  • 04

    Monitor Growth Impact

    Track economic indicators and project outcomes to ensure sustainable regional development

Programs and Initiatives

Services and programs offered by Abilene Industrial Foundation

Economic Development

Attracts new businesses and industries to diversify the regional economy and create employment opportunities

Business Recruitment

Identifies and engages potential companies for relocation or expansion in the Abilene area

Regional Growth Initiatives

Coordinates with community partners to develop infrastructure and support systems for economic expansion

Lead ABI Program Support

Provides program support for Leadership Abilene initiatives to develop community leaders and civic engagement

Team & Leadership

Meet the people behind Abilene Industrial Foundation.

DP

Doug Peters

President
16 hrs/week
GB

Greg Blair

Director
LG

Larry Gill

Director
MB

Michael B Starr

Director
SH

Scott Hibbs

Director

Milestones

1962

Foundation Established

1962

Abilene Industrial Foundation founded to promote regional economic growth and diversity

2021

Record Revenue Year

2021

Achieved highest annual revenue of $2.3 million supporting expanded development initiatives

2023

Volunteer Network Expansion

2023

Engaged 75 volunteers to support economic development outreach and community programs

Associated People

Board members, advisors, and key contributors

Board of Directors

GG
Gary Grubbs Past Chair 5.00 hrs/week
GB
Greg Blair Director 1.00 hrs/week
LG
Larry Gill Director 1.00 hrs/week
MB
Michael B Starr Director 1.00 hrs/week
SH
Scott Hibbs Director 1.00 hrs/week
SM
Shaun Martin Chair 2.00 hrs/week
TE
Ted Evans Secretary-Treasurer 1.00 hrs/week
WD
Will Dugger Chair Elect 2.00 hrs/week

Information compiled from IRS Form 990 and organizational materials.

Executive Compensation

Top compensated officers & key employees from IRS Form 990

Total Reported (2023)

$49K

Highest Paid

$49K

Doug Peters

Compensated Officers

1

Name Title Base Other Total Hrs/Wk
Doug Peters President $0 $49,057 $49,057 16

Source: IRS Form 990 filings. Compensation includes base and other reported compensation.

Partners & Funders

Grant funding relationships from IRS Form 990 filings

$108K Grants Given
1 Organizations

Top Grantees

1 total
AC
Abilene Chamber of Commerce Abilene, TX
$108K

Source: IRS Form 990 Schedule I filings. Amounts may span multiple tax years.

Related Organizations

1 affiliated entity reported on IRS Form 990 Schedule R

1

Tax-Exempt Affiliates

1
Abilene Chamber of Commerce
Abilene, TX
Chamber of Commerce
501(c) 501c6

Source: IRS Form 990, Schedule R (Related Organizations and Unrelated Partnerships)

Contact

Get in touch with Abilene Industrial Foundation

Social

Visit Website
Po Box 2281 Abilene, TX 79604