Overview
What is Watertown Industrial Center Local Development Corporation?
The Watertown Industrial Center Local Development Corporation, situated in Watertown, New York, is a nonprofit organization with a mission to foster job creation and retention within the community. They achieve this by offering suitable leased facilities to eligible businesses in the Watertown area at affordable rents and favorable conditions, thereby aiding their success. With a small team of two dedicated individuals, this corporation plays a crucial role in supporting local businesses and contributing to Watertown's economic growth.
Official website here: www.wicldc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Watertown Industrial Center Local Development Corporation has achieved an impressive 96% rating, indicating strong performance in accountability and finance. This score reflects a comprehensive evaluation that emphasizes the organization’s commitment to transparency and responsible financial management. The 100% independent board members and the absence of material diversion of assets are significant indicators of its operational integrity.
Furthermore, the organization excels in maintaining robust governance policies, including a whistleblower policy and conflict of interest policy, both of which are fully documented. Its high program expense ratio of 88.74% suggests that a significant portion of its funds is directed towards its mission, reinforcing its effectiveness in serving the community.
Overall, while the Watertown Industrial Center Local Development Corporation demonstrates solid financial practices and governance structures, potential donors and stakeholders can have confidence in its commitment to accountability and mission-driven work.
This AI summary has been generated from information found on Charity Navigator.
Is Watertown Industrial Center Local Development Corporation legitimate?
Watertown Industrial Center Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watertown Industrial Center Local 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: $121,403
For more financial information, click here
Official website here: www.wicldc.com
What is the mission statement of Watertown Industrial Center Local Development Corporation?
The Watertown Industrial Center Local Development Corporation's mission is centered around promoting job creation and retention within the community. They accomplish this by offering eligible businesses suitable leased facilities at rents and under conditions that aid in their success. This organization serves as a facilitator, providing essential space for businesses in need, thereby contributing to the overall economic growth and stability of the community.
Official website here: www.wicldc.com
Who is the CEO of Watertown Industrial Center Local Development Corporation?
Donald W Rutherford is the President of Watertown Industrial Center Local Development Corporation.
Official website here: www.wicldc.com
What is the revenue of Watertown Industrial Center Local Development Corporation?
Watertown Industrial Center Local Development Corporation's revenue in 2023 was $689,035.
Official website here: www.wicldc.com
Who are the executives of Watertown Industrial Center Local Development Corporation and what are their salaries?
The average compensation at Watertown Industrial Center Local Development Corporation during 2023 was $60,702. There are 2 employees at Watertown Industrial Center Local Development Corporation.
Here are 8 key members and their salaries:
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- Compensation: $80,958
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- Other: $7,511
Official website here: www.wicldc.com
Where can I find the form 990 for Watertown Industrial Center Local Development Corporation?
Watertown Industrial Center Local Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wicldc.com
Learn more at the official website: www.wicldc.com
Mission Statement of Watertown Industrial Center Local Development Corporation
The Watertown Industrial Center Local Development Corporation is committed to fostering job growth and preservation within its community. To achieve this, the organization offers eligible businesses suitable leased facilities at rents and under conditions that are conducive to their success. By providing these businesses with the necessary space, the Watertown Industrial Center Local Development Corporation plays a crucial role in supporting their growth and development, ultimately contributing to the community's economic prosperity.
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Impact
July, 2024
The Watertown Industrial Center Local Development Corporation has had a significant impact on the community by facilitating job creation and retention through the provision of suitable leased facilities to eligible businesses in the Watertown, NY area. By offering affordable rents and favorable conditions, the organization has helped businesses succeed, contributing to economic growth and prosperity in the region. This support has not only benefited individual businesses but has also had a positive ripple effect on the local economy, leading to increased opportunities and improved quality of life for residents.
This information is meant to be a general summary of Watertown Industrial Center Local 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 2023.
- Program Service Revenue: $665,275
- Gross Receipts: $689,035
Assets and Liabilities:
- Total Assets: $2,480,774
- Total Liabilities: $430,653
- Net Assets: $2,050,121
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF FACILITIES
Revenue
$665,275
Organization Details
Founding Year
1994
Phone
(315) 782-9277Principal Officer
Donald W Rutherford
Main Address
800 STARBUCK AVENUE, WATERTOWN, NY, 13601
Website
www.wicldc.comNTEE Category
Code: S310 - Community improvement
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