Overview
What is Sunrise County Economic Council?
The Sunrise County Economic Council, located in Machias, Maine, is a nonprofit organization dedicated to fostering growth and prosperity in Washington County. Their primary mission involves collaborating with local businesses, not-for-profit organizations, municipalities, and community members to generate employment opportunities. One of their key initiatives is promoting post-secondary education for parents and early childhood education for their children, aiming to reduce poverty and improve family stability. By empowering individuals with the skills necessary for college careers, employment, and small business ownership, the Sunrise County Economic Council contributes to the overall well-being and development of the community. The organization employs a team of 24 individuals, demonstrating its commitment to this mission.
Official website here: www.sunrisecounty.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 91% - Four-Star out of Four Star rating
Sunrise County Economic Council has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is solely derived from its impressive accountability metrics, showcasing a commitment to transparent operations and responsible management of resources.
Significant strengths include a fully independent board and robust financial oversight practices, which enhance trust and confidence among stakeholders. The organization has demonstrated effective management of its assets, with no material diversions reported, emphasizing its fiscal integrity. Additionally, the program expense ratio is notably high, indicating that a large portion of funds is directed towards its mission-related activities.
However, while the fundraising efficiency is less favorable, with a ratio of $0.01, this does not detract from the overall positive financial health of the organization. The organization maintains a healthy working capital ratio, ensuring its ability to meet short-term obligations. Overall, Sunrise County Economic Council exhibits strong accountability practices and a focus on effective program delivery, contributing positively to its community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Sunrise County Economic Council legitimate?
Sunrise County Economic Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sunrise County Economic Council submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $228,736
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,125,411
For more financial information, click here
Official website here: www.sunrisecounty.org
What is the mission statement of Sunrise County Economic Council?
The Sunrise County Economic Council undertakes initiatives and facilitates the creation of jobs and prosperity in an unspecified region, by collaborating with a consortium of community-minded businesses, not-for-profit organizations, municipalities, and local citizens. Their primary objective is to stimulate economic growth and advancement by fostering a supportive environment for businesses and communities.
One of their key projects involves promoting post-secondary education for parents and early childhood education for their children, with the aim of reducing poverty, creating employment opportunities, and enhancing stability within the families of the region. Additionally, the council empowers individuals through college, career, and employment programs, as well as small business ownership initiatives.
Official website here: www.sunrisecounty.org
Who is the CEO of Sunrise County Economic Council?
Thomas Michaud is the Chair of Sunrise County Economic Council.
Official website here: www.sunrisecounty.org
What is the revenue of Sunrise County Economic Council?
Sunrise County Economic Council's revenue in 2022 was $3,839,338.
Official website here: www.sunrisecounty.org
Who are the executives of Sunrise County Economic Council and what are their salaries?
The average compensation at Sunrise County Economic Council during 2022 was $56,423. There are 24 employees and 13 volunteers at Sunrise County Economic Council.
Here are 13 key members and their salaries:
- Compensation: $102,668
- Related: $0
- Other: $25,748
- Compensation: $77,475
- Related: $0
- Other: $24,721
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.sunrisecounty.org
Where can I find the form 990 for Sunrise County Economic Council?
Sunrise County Economic Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sunrisecounty.org
Learn more at the official website: www.sunrisecounty.org
Mission Statement of Sunrise County Economic Council
The Sunrise County Economic Council, a collaborative entity, works towards fostering job creation and prosperity in Washington County, Maine. It accomplishes this goal by collaborating with a consortium of community-oriented businesses, not-for-profit organizations, municipalities, and citizens. This organization's mission is to promote economic growth and improve the overall livelihood of the community by providing opportunities and resources.
One of the Sunrise County Economic Council's initiatives is Family Futures Downeast and Startup Downeast. These programs aim to reduce poverty, create employment opportunities, and enhance stability in Washington County, Maine families. They achieve this by promoting post-secondary education for parents and early childhood education for their children. This holistic approach to education equips parents with the necessary skills to secure employment and provides their children with a strong foundation for future success. In addition, the Sunrise County Economic Council empowers individuals through college careers, career advancement, and small business ownership, further contributing to the economic development of the region.
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Impact
July, 2024
Sunrise County Economic Council's impact is evident in the positive transformation it brings to Washington County, Maine. Through initiatives like Family Futures Downeast and Startup Downeast, the council is actively promoting post-secondary education for parents and early childhood education for their children. This approach not only helps reduce poverty but also creates employment opportunities and improves stability in Washington County families.
Moreover, by empowering individuals through pathways from college to careers and small business ownership, the council is fostering economic growth and self-sufficiency in the region. By working collaboratively with a consortium of community-minded businesses, not-for-profit organizations, municipalities, and citizens, Sunrise County Economic Council is playing a crucial role in initiating and facilitating the creation of jobs and prosperity in Washington County, Maine.
This information is meant to be a general summary of Sunrise County Economic Council. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,548
- Gross Receipts: $3,839,338
Assets and Liabilities:
- Total Assets: $4,198,212
- Total Liabilities: $1,376,784
- Net Assets: $2,821,428
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Organization Details
Founding Year
1993
Phone
(207) 255-0983Principal Officer
Thomas Michaud
Main Address
7 AMES WAY, MACHIAS, ME, 04654
Website
www.sunrisecounty.orgNTEE Category
Code: S31Z - Community improvement
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