Overview
What is Ulster County Economic Development Alliance Inc?
Ulster County Economic Development Alliance Inc, based in Kingston, New York, serves as a catalyst for job growth and community revitalization in Ulster County. Their primary mission involves promoting economic development and providing business financing through revolving loan funds. In 2022, they executed a business attraction marketing campaign, showcased featured properties, organized events, and offered aid to small businesses amidst the COVID-19 pandemic. Furthermore, they continued the implementation of Ulster County's Ellenville Million Initiative and acted as the administrator of the Ulster County Revolving Loan Funds.
Official website here: www.ulstercountyny.gov
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Ulster County Economic Development Alliance Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is derived entirely from its accountability measures, showcasing strong governance practices and transparency. With an independent board comprised entirely of members without conflicts of interest, the organization demonstrates a commitment to effective oversight.
Strengths noted in the assessment include a high program expense ratio of 79.17%, indicating that a significant portion of its resources is directed towards its mission. The charity has also established comprehensive policies, such as conflict of interest and whistleblower policies, which are essential for maintaining ethical standards. Financial statements are effectively audited, ensuring accuracy and reliability in reporting.
While the organization has shown commendable accountability, the rating does not reflect program outcomes or impact, which are critical for understanding the effectiveness of their initiatives. Future evaluations may benefit from additional focus on how well the charity meets its goals and serves the community.
This AI summary has been generated from information found on Charity Navigator.
Is Ulster County Economic Development Alliance Inc legitimate?
Ulster County Economic Development Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ulster County Economic Development Alliance Inc 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: $0
For more financial information, click here
Official website here: www.ulstercountyny.gov
What is the mission statement of Ulster County Economic Development Alliance Inc?
The Ulster County Economic Development Alliance Inc is committed to fostering job growth, economic development, and community revitalization in its unspecified region. They accomplish this mission by providing business financing through revolving loan funds. In 2022, they promoted economic development through business attraction marketing campaigns, monthly "Featured Properties" emails, hosting events, and offering aid to small businesses during the COVID-19 pandemic. The organization also continued implementing the Ellenville Million Initiative and serves as the administrator of Ulster County's revolving loan funds.
Official website here: www.ulstercountyny.gov
Who is the CEO of Ulster County Economic Development Alliance Inc?
Amanda Lavalle is the CEO of Ulster County Economic Development Alliance Inc The CEO's salary of Ulster County Economic Development Alliance Inc is $0 and their total compensation is $169,205.
Official website here: www.ulstercountyny.gov
What is the revenue of Ulster County Economic Development Alliance Inc?
Ulster County Economic Development Alliance Inc's revenue in 2023 was $945,662.
Official website here: www.ulstercountyny.gov
Who are the executives of Ulster County Economic Development Alliance Inc and what are their salaries?
Here are 9 key members and their salaries (Ulster County Economic Development Alliance Inc's CEO's salary is $0 and their total compensation is $169,205):
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- Related: $16,000
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- Related: $135,496
- Other: $33,709
- Compensation: $0
- Related: $55,469
- Other: $8,958
Official website here: www.ulstercountyny.gov
Where can I find the form 990 for Ulster County Economic Development Alliance Inc?
Ulster County Economic Development Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ulstercountyny.gov
Learn more at the official website: www.ulstercountyny.gov
Mission Statement of Ulster County Economic Development Alliance Inc
Ulster County Economic Development Alliance Inc is committed to fostering job growth, stimulating economic development, and revitalizing communities within Ulster County. The organization achieves this mission by providing business financing through its revolving loan funds. By promoting these initiatives, Ulster County Economic Development Alliance Inc aims to contribute to the overall economic development of the county. In 2022, the alliance showcased its dedication to this cause by launching a business attraction marketing campaign, hosting events, and offering aid to small businesses affected by the COVID-19 pandemic. Furthermore, Ulster County Economic Development Alliance Inc continued its involvement in the Ellenville Million Initiative, serving as the administrator of the Ulster County Revolving Loan Funds.
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Impact
October, 2024
Ulster County Economic Development Alliance Inc has made significant strides in promoting job growth, economic development, and community revitalization within Ulster County. In 2022, the organization successfully implemented a business attraction marketing campaign that enhanced the county's visibility and appeal to potential businesses. Through monthly "Featured Properties" emails, they highlighted available commercial real estate, facilitating connections between property owners and prospective tenants.
The Alliance also hosted numerous events aimed at fostering economic development, providing a platform for networking and collaboration among local businesses. A notable aspect of their impact was their responsive aid to small businesses during the COVID-19 pandemic, offering support and resources to help them navigate unprecedented challenges.
Additionally, the organization continued its role in the Ellenville Million Initiative, a strategic effort to revitalize the Ellenville area, enhancing the local economy and community wellbeing. As the administrator of the Ulster County Revolving Loan Funds, they have provided essential financing options that empower businesses to grow and thrive. Overall, the Ulster County Economic Development Alliance has become a cornerstone in advancing economic prosperity and supportive ecosystems for businesses throughout the region.
This information is meant to be a general summary of Ulster County Economic Development Alliance Inc. 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: $22,532
- Program Service Revenue: $64,104
- Gross Receipts: $945,662
Assets and Liabilities:
- Total Assets: $7,177,637
- Total Liabilities: $5,473,372
- Net Assets: $1,704,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT AND ADMIN FEE
Revenue
$50,000
INTEREST ON LOANS
Revenue
$13,549
LATE FEES COLLECTED
Revenue
$555
Organization Details
Founding Year
1964
Principal Officer
Ward Todd
Website
www.ulstercountyny.govNTEE Category
Code: S310 - Community improvement
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