Overview
What is Coos Economic Development Corporati?
Coos Economic Development Corporation, based in Lancaster, New Hampshire, is a nonprofit organization with a mission to stimulate economic growth. Their primary focus is on fostering a robust and diverse workforce, ensuring sustainable employment, and cultivating a prosperous business environment across Coos County. As the regional development corporation, they actively contribute to the region's economic development, working tirelessly to create thriving business environments. With a team of three dedicated individuals, they are committed to promoting growth and prosperity in Coos County.
Official website here: www.coosedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
The Coos Economic Development Corporation has achieved a solid rating of 86%, indicating a reliable level of accountability and financial health. The organization scores particularly well in areas such as board independence and financial management, with 100% of board members being independent and a low liabilities to assets ratio of 11.80%. Their program expense ratio of 83.18% suggests that a significant portion of their budget is allocated directly to program activities, which is a positive indicator of their operational efficiency.
However, the organization does have some limitations that may raise concerns for potential donors. Notably, they lack policies for whistleblower protection and document retention, which are critical for ensuring transparency and accountability. While their overall financial practices appear strong, the absence of these policies could pose risks in terms of governance and ethical standards.
Overall, while the Coos Economic Development Corporation demonstrates commendable financial management and governance through its independent board and program focus, the missing policies in key areas could be seen as a drawback for supporters who prioritize comprehensive accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Coos Economic Development Corporati legitimate?
Coos Economic Development Corporati is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coos Economic Development Corporati 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $107,969
For more financial information, click here
Official website here: www.coosedc.org
What is the mission statement of Coos Economic Development Corporati?
The Coos Economic Development Corporation's mission is centered around promoting economic growth. This growth aims to foster a robust and varied workforce, ensure sustainable employment, and cultivate a thriving business environment. As the regional development corporation for Coos County, their objective is to contribute to the region's overall development, enhancing its economic potential and prosperity.
Official website here: www.coosedc.org
Who is the CEO of Coos Economic Development Corporati?
Carol Miller is the Treasurer of Coos Economic Development Corporati.
Official website here: www.coosedc.org
What is the revenue of Coos Economic Development Corporati?
Coos Economic Development Corporati's revenue in 2022 was $204,983.
Official website here: www.coosedc.org
Who are the executives of Coos Economic Development Corporati and what are their salaries?
The average compensation at Coos Economic Development Corporati during 2022 was $35,990. There are 3 employees and 14 volunteers at Coos Economic Development Corporati.
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Official website here: www.coosedc.org
Where can I find the form 990 for Coos Economic Development Corporati?
Coos Economic Development Corporati's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coosedc.org
Learn more at the official website: www.coosedc.org
Mission Statement of Coos Economic Development Corporati
Coos Economic Development Corporation, serving as the regional development corporation of Coos County, is dedicated to promoting economic growth. Their mission is twofold: firstly, to foster a robust and diverse workforce, and secondly, to facilitate sustainable employment and a thriving business environment. This organization strives to achieve these objectives, aiming to create a region where businesses can flourish and individuals can secure stable, fulfilling jobs. The Corporation's efforts are geared towards stimulating economic growth and development throughout Coos County.
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Impact
October, 2024
Coos Economic Development Corporation significantly influences the economic landscape of Coos County by driving initiatives that foster economic growth, cultivate a diverse workforce, and create sustainable employment opportunities. Its focus on developing a robust business environment is crucial for attracting and retaining businesses in the region.
The organization's efforts to strengthen the local economy include supporting entrepreneurship, enhancing job training programs, and collaborating with various stakeholders to implement strategies that promote community improvement. By nurturing a thriving business ecosystem, Coos Economic Development Corporation plays a pivotal role in ensuring that residents have access to stable employment and that the community can adapt to the changing economic environment. Ultimately, its impact can be seen in the resilience and vitality of Coos County’s economy, positioning it for long-term success.
This information is meant to be a general summary of Coos Economic Development Corporati. 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: -$54,903
- Program Service Revenue: $54,549
- Gross Receipts: $285,384
Assets and Liabilities:
- Total Assets: $2,382,696
- Total Liabilities: $281,216
- Net Assets: $2,101,480
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - LOANS
Revenue
$38,777
LEASE INCOME
Revenue
$9,250
UNUSED GRANT FUNDS RETURNED
Revenue
$5,822
ADMINISTRATIVE INCOME
Revenue
$400
OTHER INCOME
Revenue
$300
Organization Details
Founding Year
1996
Phone
(603) 788-3900Principal Officer
Carol Miller
Main Address
PO BOX 205 1 MIDDLE ST STE 318, LANCASTER, NH, 03584
Website
www.coosedc.orgNTEE Category
Code: S30 - Community improvement
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