Overview
What is Cattaraugus Local Development Corporation?
Cattaraugus Local Development Corporation is a nonprofit organization situated in Cattaraugus, New York. Their primary mission is to ensure the long-term viability of the region by fostering economic and community development. They accomplish this by managing the Zaepfel Nature Center and the Pat McGee Trail System, as well as administering a Revolving Loan Fund. The Revolving Loan Fund is a resource designed to create opportunities for growth and development within the community. The organization's activities are geared towards strengthening the local economy, ultimately contributing to a sustainable and thriving community.
Official website here: www.zaepfelcenter.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Cattaraugus Local Development Corporation has achieved an impressive 97% rating from Charity Navigator, indicating a strong commitment to accountability and financial management. This high score reflects that the organization has met all the requirements in the Accountability & Finance beacon, demonstrating transparency and responsible fiscal practices, particularly in the fiscal year 2022.
Notable strengths include a completely independent board of directors, with all members contributing to effective governance. The organization has also shown no material diversion of assets, ensuring that funds are used appropriately for its mission. Additional policies regarding conflict of interest, whistleblower protections, and document retention are all in place, further enhancing its operational integrity.
The organization maintains a favorable liabilities to assets ratio of 0.00%, showcasing its strong financial health. Furthermore, it has a program expense ratio of 100%, indicating that all expenditures are directed towards its programs and services. Overall, the Cattaraugus Local Development Corporation is recognized for its solid governance and operational efficacy, making it a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Cattaraugus Local Development Corporation legitimate?
Cattaraugus Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cattaraugus 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: $0
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Official website here: www.zaepfelcenter.com/
What is the mission statement of Cattaraugus Local Development Corporation?
The Cattaraugus Local Development Corporation's mission is centered around ensuring the long-term viability of its area. It achieves this by fostering opportunities for both economic and community development. One of its key initiatives includes managing the ZAEPFel Nature Center and the Pat McGee Trail System. Additionally, the corporation operates a Revolving Loan Fund, which is a tool to stimulate economic growth by providing loans to eligible businesses and projects in the community.
Official website here: www.zaepfelcenter.com/
Who is the CEO of Cattaraugus Local Development Corporation?
Richard Lefeber is the Excutive Director of Cattaraugus Local Development Corporation.
Official website here: www.zaepfelcenter.com/
What is the revenue of Cattaraugus Local Development Corporation?
Cattaraugus Local Development Corporation's revenue in 2022 was $770.
Official website here: www.zaepfelcenter.com/
Who are the executives of Cattaraugus Local Development Corporation and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.zaepfelcenter.com/
Where can I find the form 990 for Cattaraugus Local Development Corporation?
Cattaraugus Local Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.zaepfelcenter.com/
Learn more at the official website: www.zaepfelcenter.com/
Mission Statement of Cattaraugus Local Development Corporation
The Cattaraugus Local Development Corporation is committed to ensuring the long-term viability of its area. To achieve this, the organization focuses on creating opportunities for both economic and community development. Its mission is multifaceted, encompassing various initiatives. One of these involves the operation and maintenance of the Zaepfel Nature Center, providing a space for environmental education and conservation. Additionally, the corporation manages the Pat McGee Trail System, promoting recreation and outdoor activities, thereby enhancing the community's quality of life. Furthermore, the Cattaraugus Local Development Corporation operates a Revolving Loan Fund. This financial tool aids local businesses and projects, fostering economic growth and sustainability within the community.
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Impact
October, 2024
Cattaraugus Local Development Corporation plays a vital role in promoting economic and community development in the area. Its focus on long-term viability has resulted in the creation of valuable opportunities that enhance the local economy and residents' quality of life.
By operating and maintaining key facilities, such as the Zaepfel Nature Center and the Pat McGee Trail System, the corporation fosters community engagement, recreation, and environmental awareness. These initiatives not only improve local infrastructure but also attract visitors, supporting local businesses.
Additionally, the revolving loan fund provides financial resources that empower entrepreneurs and small businesses, contributing to job creation and economic stability. Overall, Cattaraugus Local Development Corporation significantly impacts the community by driving growth, enhancing public spaces, and fostering a connected, thriving environment.
This information is meant to be a general summary of Cattaraugus 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 2022.
- Investment Income: $649
- Gross Receipts: $770
Assets and Liabilities:
- Total Assets: $1,577,760
- Total Liabilities: $0
- Net Assets: $1,577,760
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Organization Details
Founding Year
1996
Phone
(716) 257-3237Principal Officer
Richard Lefeber
Main Address
PO BOX 1, CATTARAUGUS, NY, 14719
Website
www.zaepfelcenter.com/NTEE Category
Code: S20 - Community improvement
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