Overview
What is Staten Island Economic Development Corporation?
The Staten Island Economic Development Corporation, situated at 201 Edward Curry Avenue Suite 103, Staten Island, New York 10314, is a dedicated nonprofit organization. Its purpose is to enhance the quality of life and foster a conducive business and employment environment on Staten Island. To achieve this, the corporation plans, promotes, and, if necessary, coordinates and executes various programs. These initiatives aim to uplift the local community and boost the economic prosperity of Staten Island, ultimately benefiting its residents and businesses. With a workforce of 17 individuals, the Staten Island Economic Development Corporation is an integral part of the region's ongoing development.
Official website here: www.siedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Staten Island Economic Development Corporation has received a commendable rating of 96% from Charity Navigator, indicating high standards in accountability and finance. The score reflects the organization’s strong governance, with a fully independent board and robust financial oversight. Their policies on conflict of interest and whistleblower protections are well-implemented, contributing to a solid foundation for trust and transparency.
User feedback highlights the organization's efficiency and innovative leadership. A volunteer praised the organization as a model for others in the economic development sector, emphasizing its successful fulfillment of its mission. The board's skillful management seems to resonate positively with volunteers and stakeholders alike, suggesting effective program implementation.
Despite the strong performance, the evaluation primarily focuses on accountability and finance, with no in-depth information on program outcomes or community impact. While the financial metrics are impressive, a more comprehensive review of the organization's overall effectiveness beyond fiscal management could enhance understanding of its contributions to the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Staten Island Economic Development Corporation?
A recent glance at reviews for the Staten Island Economic Development Corporation reveals a positive outlook from early responders. With three reviews currently available, all recommend the organization for those looking to enhance their business ventures on Staten Island.
The feedback highlights the organization’s commitment to supporting local businesses and providing valuable resources for growth. As this nonprofit continues to receive more evaluations, it appears poised to make a strong impact on the community it serves.
Overall, the sentiment surrounding the Staten Island Economic Development Corporation is encouraging, indicating that it effectively meets the needs of entrepreneurs seeking assistance in the area.
This AI summary has been generated from reviews found on Facebook.
Is Staten Island Economic Development Corporation legitimate?
Staten Island Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Staten Island 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: $611,043
Professional Fundraising Fees: $0
Other Salaries and Wages: $534,659
For more financial information, click here
Official website here: www.siedc.org
What is the mission statement of Staten Island Economic Development Corporation?
The Staten Island Economic Development Corporation's mission is to strategize, promote, and if necessary, coordinate and execute programs aimed at enhancing the quality of life for its residents. The organization's primary objective is to improve the business environment and employment base of the area, working towards overall development and progress. They plan and execute various initiatives to contribute positively to the community's livelihood and economic growth.
Official website here: www.siedc.org
Who is the CEO of Staten Island Economic Development Corporation?
Michael Cusick is the Principal Officer of Staten Island Economic Development Corporation.
Official website here: www.siedc.org
What is the revenue of Staten Island Economic Development Corporation?
Staten Island Economic Development Corporation's revenue in 2022 was $2,037,023.
Official website here: www.siedc.org
Who are the executives of Staten Island Economic Development Corporation and what are their salaries?
The average compensation at Staten Island Economic Development Corporation during 2022 was $67,394. There are 17 employees and 1 volunteer at Staten Island Economic Development Corporation.
Here are 42 key members and their salaries:
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Official website here: www.siedc.org
Where can I find the form 990 for Staten Island Economic Development Corporation?
Staten Island Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.siedc.org
Learn more at the official website: www.siedc.org
Mission Statement of Staten Island Economic Development Corporation
The Staten Island Economic Development Corporation (SIEDC) is an organization dedicated to enhancing the quality of life for the residents of Staten Island and improving its business environment and employment base. Their mission involves planning, promoting, coordinating, and executing programs aimed at achieving these goals. By executing these initiatives, SIEDC aims to foster a thriving community on Staten Island, where both residents and businesses can flourish.
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Impact
October, 2024
The Staten Island Economic Development Corporation plays a crucial role in enhancing the quality of life for residents and improving the business landscape on Staten Island. By planning, promoting, and executing various programs, the organization addresses key community needs while fostering economic growth.
Through initiatives that focus on workforce development, business support, and community engagement, the Corporation not only strengthens local businesses but also creates job opportunities, contributing to a more vibrant economy. The emphasis on improving the employment base ensures that residents have access to meaningful work, which in turn fosters community stability and growth.
Ultimately, the Staten Island Economic Development Corporation acts as a catalyst for progress, bringing together resources and stakeholders to develop solutions that uplift the community and promote sustainable development. Its impact is felt across economic sectors, making Staten Island a better place for both residents and businesses alike.
This information is meant to be a general summary of Staten Island 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: $3,761
- Program Service Revenue: $391,311
- Gross Receipts: $2,136,559
Assets and Liabilities:
- Total Assets: $2,449,397
- Total Liabilities: $700,150
- Net Assets: $1,749,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC DEVELOPMENT
Revenue
$303,811
MANAGEMENT FEE
Revenue
$87,500
Organization Details
Founding Year
1993
Phone
(718) 477-1400Principal Officer
Michael Cusick
Main Address
201 EDWARD CURRY AVENUE SUITE 103, STATEN ISLAND, NY, 10314
Website
www.siedc.orgNTEE Category
Code: S30Z - Community improvement
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