Overview
What is Queens Economic Development Corporation?
Queens Economic Development Corporation (QEDC) is a nonprofit organization based in Kew Gardens, New York. With a team of 27 individuals, its primary mission is to stimulate job growth and business development within local communities. QEDC accomplishes this by offering various programs tailored to small businesses, such as individual counseling, workshops, and seminars. These initiatives aim to help entrepreneurs launch or expand their ventures. The organization also promotes tourism by supporting local businesses and fostering a positive business environment. Furthermore, QEDC offers training programs, like the Home Improvement Contractor Training, to help unlicensed handymen and women obtain their New York City Department of Consumer Affairs license.
Official website here: www.discoverqueens.info
What are the reviews and ratings of this charity?
Charity Navigator Rating 92%
The Queens Economic Development Corporation (QEDC) has received a Four-Star out of Four Star rating from Charity Navigator, signifying a strong commitment to accountability and finance. Their high score of 92% reflects exceptional fiscal management and transparency, with a full score in areas such as independent board member composition and conflict of interest policies. This rating suggests that QEDC effectively utilizes its resources to fulfill its mission while maintaining ethical governance.
User feedback highlights QEDC's significant role in supporting entrepreneurs, particularly through its Entrepreneur Space, which offers essential resources like mentoring, workshops, and shared kitchen facilities. Many clients express deep appreciation for the personalized support they received, noting how QEDC's advisors helped them navigate the complexities of starting and growing a business. Reviews consistently emphasize the organization's dedication to fostering a supportive community for local entrepreneurs.
While the overall sentiment is overwhelmingly positive, some feedback emphasizes the challenges of starting a business and the rigorous nature of the guidance provided. Clients mention that the advisors encourage independence and critical thinking rather than simply providing solutions, which can be both empowering and demanding. Despite this, the general consensus is that QEDC's resources and support are invaluable for those looking to launch successful ventures in Queens.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Queens Economic Development Corporation legitimate?
Queens Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Queens Economic Development Corporation 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: $195,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,000,655
For more financial information, click here
Official website here: www.discoverqueens.info
What is the mission statement of Queens Economic Development Corporation?
The Queens Economic Development Corporation's mission is centered around job creation and retention. They accomplish this by establishing various programs within neighborhoods, with a focus on aiding small businesses and promoting tourism and business development. This organization plays a significant role in fostering an environment that encourages the growth of local enterprises, contributing to the overall economic vitality of the community. The corporation offers business services and training, including individual counseling, workshops, and seminars, to help new and emerging entrepreneurs succeed. The Home Improvement Contractor Training program, another initiative, assists unlicensed handymen and women in obtaining their New York City Department of Consumer Affairs license.
Official website here: www.discoverqueens.info
Who is the CEO of Queens Economic Development Corporation?
Seth Bornstein is the Executive Director of Queens Economic Development Corporation.
Official website here: www.discoverqueens.info
What is the revenue of Queens Economic Development Corporation?
Queens Economic Development Corporation's revenue in 2022 was $2,596,167.
Official website here: www.discoverqueens.info
Who are the executives of Queens Economic Development Corporation and what are their salaries?
The average compensation at Queens Economic Development Corporation during 2022 was $44,298. There are 27 employees and 22 volunteers at Queens Economic Development Corporation.
Here are 19 key members and their salaries:
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Official website here: www.discoverqueens.info
Where can I find the form 990 for Queens Economic Development Corporation?
Queens Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.discoverqueens.info
Learn more at the official website: www.discoverqueens.info
Mission Statement of Queens Economic Development Corporation
Queens Economic Development Corporation, a notable organization, is committed to fostering employment opportunities by implementing programs in various neighborhoods. Its primary objective is to support small businesses and boost tourism and commercial growth. Through its initiatives, the corporation aims to preserve existing jobs and create new ones, thereby contributing to the local economy.
To achieve its mission, Queens Economic Development Corporation offers a range of services. These include personalized counseling, workshops, and seminars for aspiring entrepreneurs seeking to establish or expand their businesses. The organization also conducts training programs, such as the StartUp Business Competition and the Entrepreneurial Assistance Program, which provide guidance on preparing comprehensive business plans. Additionally, the Home Improvement Contractor Training program assists unlicensed handymen and women in obtaining their New York City Department of Consumer Affairs license, thereby enabling them to legally operate within the sector.
In summary, Queens Economic Development Corporation serves as a catalyst for economic growth and job creation in its targeted neighborhoods. By providing essential business services and training, it empowers entrepreneurs and small business owners, thereby contributing to the local economy and fostering a vibrant business environment.
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Impact
July, 2024
Queens Economic Development Corporation plays a crucial role in fostering economic growth in Queens, NY. Through its programs and initiatives, the organization actively works to create and retain jobs, support small businesses, and promote overall business development in the community. By offering business services, training, and counseling to entrepreneurs, QEDC equips individuals with the necessary tools and resources to establish and expand their businesses. Additionally, its efforts in promoting tourism help stimulate local economic activity and attract visitors to the area. Overall, Queens Economic Development Corporation's impact is evident in the tangible support it provides to the local economy and the opportunities it generates for job creation and business growth.
This information is meant to be a general summary of Queens Economic Development Corporation. 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: $21,173
- Program Service Revenue: $565,368
- Gross Receipts: $2,596,167
Assets and Liabilities:
- Total Assets: $2,366,553
- Total Liabilities: $129,249
- Net Assets: $2,237,304
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service
Revenue
$565,368
Organization Details
Founding Year
1976
Phone
(718) 263-0546Principal Officer
Seth Bornstein
Main Address
120-55 Queens Boulevard, Kew Gardens, NY, 11424
Website
www.discoverqueens.infoNTEE Category
Code: S30Z - Community improvement
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