Overview
What is Lee County Economic Development Group?
The Lee County Economic Development Group is a nonprofit organization located in Montrose, Iowa. With a team of six dedicated individuals, their primary mission is to stimulate economic growth and expansion within Lee County, Iowa. They achieve this by actively marketing and promoting the area to businesses and industries, with the ultimate goal of attracting investment and fostering a prosperous local economy. This nonprofit organization plays a crucial role in the community, contributing to its economic development and potentially enhancing the livelihoods of its residents.
Official website here: www.leecountyedg.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Lee County Economic Development Group has received a 73% rating from Charity Navigator, indicating moderate performance in accountability and financial management. The organization demonstrates strong governance, with an entirely independent board and no material diversion of assets. Additionally, it maintains a healthy program expense ratio, which suggests that a significant portion of its budget is allocated toward its mission.
However, there are areas for improvement regarding transparency and adherence to best practices. Notably, the organization lacks a whistleblower policy and a document retention and destruction policy, which are essential for safeguarding organizational integrity and accountability. These deficiencies contribute to its lower rating, reflecting potential risks in operational governance.
Overall, while the Lee County Economic Development Group shows strength in specific governance metrics, addressing the noted limitations could enhance its overall effectiveness and trustworthiness among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lee County Economic Development Group legitimate?
Lee County Economic Development Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lee County Economic Development Group 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: $135,036
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,586
For more financial information, click here
Official website here: www.leecountyedg.com
What is the mission statement of Lee County Economic Development Group?
The Lee County Economic Development Group's mission is centered around promoting economic growth and expansion within its community. Specifically, the organization strives to attract businesses and industries by actively marketing and advertising the geographical area. By doing so, the group aims to contribute to the economic development of Lee County, ultimately fostering a thriving and prosperous community.
Official website here: www.leecountyedg.com
Who is the CEO of Lee County Economic Development Group?
Dennis Fraise is the Chief Execut of Lee County Economic Development Group.
Official website here: www.leecountyedg.com
What is the revenue of Lee County Economic Development Group?
Lee County Economic Development Group's revenue in 2023 was $1,240,993.
Official website here: www.leecountyedg.com
Who are the executives of Lee County Economic Development Group and what are their salaries?
The average compensation at Lee County Economic Development Group during 2023 was $57,770. There are 6 employees at Lee County Economic Development Group.
Here are 22 key members and their salaries:
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Official website here: www.leecountyedg.com
Where can I find the form 990 for Lee County Economic Development Group?
Lee County Economic Development Group's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.leecountyedg.com
Learn more at the official website: www.leecountyedg.com
Mission Statement of Lee County Economic Development Group
The Lee County Economic Development Group, as its name suggests, is dedicated to the economic development and expansion of the Lee County community in Iowa. The primary objective of this organization is to attract businesses and industries to the area by actively marketing and promoting Lee County as an ideal location for investment and growth. By doing so, the Lee County Economic Development Group aims to stimulate economic activity, create job opportunities, and ultimately, contribute to the overall prosperity of the community.
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Impact
July, 2024
The Lee County Economic Development Group plays a crucial role in promoting economic development and expansion in Lee County, Iowa. By marketing and promoting the geographic area to businesses and industries, the organization actively works to attract new investments and create job opportunities for the local community. Through its efforts, the Lee County Economic Development Group helps stimulate growth, enhance the local economy, and contribute to the overall well-being of the region.
This information is meant to be a general summary of Lee County Economic Development Group. 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 2023.
- Investment Income: $1,418
- Gross Receipts: $1,240,993
Assets and Liabilities:
- Total Assets: $1,756,635
- Total Liabilities: $401,061
- Net Assets: $1,355,574
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Organization Details
Founding Year
2002
Phone
(319) 524-2535Principal Officer
Dennis Fraise
Main Address
PO BOX 309, MONTROSE, IA, 52639
Website
www.leecountyedg.comNTEE Category
Code: S31 - Community improvement
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