Overview
What is Chautauqua Region Economic Development Corporation?
The Chautauqua Region Economic Development Corporation is a nonprofit organization dedicated to fostering job growth and economic opportunities within the Chautauqua county area. Their mission encompasses various aspects, such as alleviating unemployment, preserving existing jobs, offering job training programs, and conducting scientific research to benefit the community. Additionally, this organization aims to provide employment prospects and contribute to the community's welfare by carrying out research and offering job training.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79%, Three-Star out of Four Star rating.
The Chautauqua Region Economic Development Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The score reflects a strong emphasis on financial transparency and governance, with an impressive record of 100% independent board members and full compliance with various accountability measures. The organization also maintains a commendable program expense ratio of 72.77%, demonstrating effective allocation of resources towards its mission.
Strengths include the well-structured board and robust fiscal oversight practices. The charity has implemented policies for conflict of interest, whistleblower protection, and document retention, which supports its commitment to ethical management and transparency. Additionally, the financial statements are subject to an audit and oversight committee, ensuring that funds are managed properly.
However, while the overall governance appears strong, the organization may need to provide more detailed information on its impact and outcomes to improve its rating further. The salary of the CFO is notably higher compared to the CEO's, which could raise questions about salary alignment in nonprofit leadership. Overall, the Chautauqua Region Economic Development Corporation shows promise in its financial practices but may benefit from clearer communication regarding its broader impact.
This AI summary has been generated from information found on Charity Navigator.
Is Chautauqua Region Economic Development Corporation legitimate?
Chautauqua Region Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chautauqua Region 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $150,508
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What is the mission statement of Chautauqua Region Economic Development Corporation?
The Chautauqua Region Economic Development Corporation serves a primary purpose of fostering job growth in the community. Its mission encompasses providing economic opportunities, alleviating unemployment, and preserving existing job opportunities. The organization also offers job training programs and conducts scientific research to aid the community. Moreover, it presents employment prospects for residents of the Chautauqua county area. In essence, the corporation's mission is geared towards promoting development and prosperity in the community through job creation and fostering a conducive business environment.
Who is the CEO of Chautauqua Region Economic Development Corporation?
Richard Dixon is the Cfo of Chautauqua Region Economic Development Corporation. The CEO's salary of Chautauqua Region Economic Development Corporation is $49,702 and their total compensation is $61,702.
What is the revenue of Chautauqua Region Economic Development Corporation?
Chautauqua Region Economic Development Corporation's revenue in 2022 was $1,117,127.
Who are the executives of Chautauqua Region Economic Development Corporation and what are their salaries?
Here are 11 key members and their salaries (Chautauqua Region Economic Development Corporation's CEO's salary is $49,702 and their total compensation is $61,702):
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- Compensation: $49,702
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- Other: $12,000
- Compensation: $150,414
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- Other: $27,497
Where can I find the form 990 for Chautauqua Region Economic Development Corporation?
Chautauqua Region Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chautauqua Region Economic Development Corporation
The Chautauqua Region Economic Development Corporation is dedicated to fostering job growth within its community. Its mission encompasses various aspects, including providing economic opportunities, alleviating unemployment, and preserving existing job prospects. Furthermore, this organization offers job training programs and conducts scientific research aimed at benefiting the community. Ultimately, the Chautauqua Region Economic Development Corporation strives to create employment opportunities for residents of the Chautauqua county area.
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Impact
October, 2024
Chautauqua Region Economic Development Corporation significantly impacts the local economy by actively promoting job growth within the community. By focusing on creating economic opportunities, the organization plays a vital role in alleviating unemployment and sustaining job availability in the region.
Through job training programs, it equips residents with the skills needed to succeed in the workforce, enhancing their employability. Additionally, the corporation engages in scientific research aimed at fostering community development. This multifaceted approach not only bolsters the job market but also provides valuable employment prospects for residents of Chautauqua County, ultimately contributing to the overall vitality of the local economy.
This information is meant to be a general summary of Chautauqua Region 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: $6,598
- Gross Receipts: $1,117,127
Assets and Liabilities:
- Total Assets: $2,162,431
- Total Liabilities: $1,673,952
- Net Assets: $488,479
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Organization Details
Founding Year
1972
Phone
(716) 661-8903Principal Officer
Richard Dixon
Main Address
201 WEST THIRD STREET 115, JAMESTOWN, NY, 14701
NTEE Category
Code: S31Z - Community improvement
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