Overview
What is Cumberland Area Economic Development Corporation?
The Cumberland Area Economic Development Corporation, located at 53 West South Street Suite 1, Carlisle, PA 17013, is a nonprofit organization with a mission to stimulate economic growth in Cumberland County and surrounding regions. They achieve this by offering integrated economic development and tourism marketing services to various stakeholders, including local citizens, the South Central Pennsylvania region, and the Commonwealth of Pennsylvania. The corporation plays a pivotal role in promoting Cumberland County as a tourist destination, collaborating with numerous lodgings, attractions, restaurants, and services to present unique tourism themes for different target markets. Their efforts have resulted in generating thousands of leads through direct marketing initiatives and increased website traffic. As of the provided information, the organization employs 17 individuals to carry out these activities.
Official website here: www.cumberlandbusiness.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Cumberland Area Economic Development Corporation holds an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With a score of 96%, the organization demonstrates strong governance practices, such as having a fully independent board and robust audit processes, which are crucial indicators of effective management and transparency.
The organization showcases exceptional financial ratios, including a low liabilities to assets ratio of 19.79% and a program expense ratio of 94.91%. This indicates that a significant portion of their funds is directed towards programs rather than administrative costs, highlighting their commitment to maximizing impact and efficiency in their economic development initiatives.
There are no reported issues regarding the diversion of assets or conflicts of interest, further reinforcing the integrity of the organization. Overall, Cumberland Area Economic Development Corporation stands out for its ethical practices and dedication to its mission, making it a reliable choice for donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cumberland Area Economic Development Corporation legitimate?
Cumberland Area Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cumberland Area 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: $76,495
Professional Fundraising Fees: $0
Other Salaries and Wages: $649,809
For more financial information, click here
Official website here: www.cumberlandbusiness.com
What is the mission statement of Cumberland Area Economic Development Corporation?
The Cumberland Area Economic Development Corporation's mission is centered around preserving, facilitating, promoting, and fostering economic development within its region and beyond, specifically Cumberland County and surrounding areas. They accomplish this by providing integrated economic development and tourism marketing services to the citizens and relevant entities, acting on their behalf. The corporation's activities aim to stimulate the local economy through strategic marketing, collaborating with various local businesses such as lodging establishments, attractions, restaurants, and services. Their tourism operations serve to market the area as a tourist destination, generating leads and increasing website visitation through direct marketing efforts.
Official website here: www.cumberlandbusiness.com
Who is the CEO of Cumberland Area Economic Development Corporation?
Crystal Quintin is the Chairwomen of Cumberland Area Economic Development Corporation. The CEO's salary of Cumberland Area Economic Development Corporation is $25,401 and their total compensation is $26,171.
Official website here: www.cumberlandbusiness.com
What is the revenue of Cumberland Area Economic Development Corporation?
Cumberland Area Economic Development Corporation's revenue in 2022 was $3,992,452.
Official website here: www.cumberlandbusiness.com
Who are the executives of Cumberland Area Economic Development Corporation and what are their salaries?
The average compensation at Cumberland Area Economic Development Corporation during 2022 was $42,724. There are 17 employees and 5 volunteers at Cumberland Area Economic Development Corporation.
Here are 15 key members and their salaries (Cumberland Area Economic Development Corporation's CEO's salary is $25,401 and their total compensation is $26,171):
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- Compensation: $25,401
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- Compensation: $41,953
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- Other: $675
Official website here: www.cumberlandbusiness.com
Where can I find the form 990 for Cumberland Area Economic Development Corporation?
Cumberland Area Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cumberlandbusiness.com
Learn more at the official website: www.cumberlandbusiness.com
Mission Statement of Cumberland Area Economic Development Corporation
The Cumberland Area Economic Development Corporation, abbreviated as CAEDC, is dedicated to preserving, facilitating, promoting, and fostering economic development within its region and beyond. This nonprofit organization aims to serve the citizens of Cumberland County and the surrounding regions, in addition to the South Central Pennsylvania region and the Commonwealth of Pennsylvania, by providing integrated economic development and tourism marketing services.
Through its mission, CAEDC seeks to promote economic growth within its region. To accomplish this, the corporation focuses on several key areas. They work closely with various entities, such as lodging establishments, attractions, restaurants, and services, to market Cumberland County as a desirable tourist destination. CAEDC's efforts in this area have generated numerous leads and increased website traffic, further boosting the region's tourism industry.
Furthermore, CAEDC is actively involved in the economic development of the region. By providing integrated services, they aim to stimulate economic growth and improve the wellbeing of the community. The corporation's work extends beyond tourism, contributing to the overall development of Cumberland County and its surrounding areas.
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Impact
August, 2024
Cumberland Area Economic Development Corporation's impact can be seen in its efforts to preserve, facilitate, promote, and foster economic development within Cumberland County and the surrounding regions. By providing integrated economic development and tourism marketing services to the citizens of the county, the South Central Pennsylvania region, and the Commonwealth of Pennsylvania, the organization plays a significant role in advancing the local economy.
Through its tourism operations, the organization effectively markets Cumberland County as a visitor destination, collaborating with lodging establishments, attractions, restaurants, and services to target various consumer, group tour, and small meeting markets. This coordinated approach has led to the generation of thousands of leads through direct marketing efforts and increased website visitation. Overall, Cumberland Area Economic Development Corporation's work contributes to community improvement and economic growth in the region.
This information is meant to be a general summary of Cumberland Area 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: $71,977
- Program Service Revenue: $618,324
- Gross Receipts: $4,005,457
Assets and Liabilities:
- Total Assets: $8,678,549
- Total Liabilities: $1,564,055
- Net Assets: $7,114,494
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC DEVELOPMENT
Revenue
$444,012
TOURISM REVENUE
Revenue
$120,335
LOAN REVENUE
Revenue
$20,450
ADVERTISING REVENUE
Revenue
$18,527
IDA REVENUE
Revenue
$15,000
Organization Details
Founding Year
2004
Phone
(717) 240-7180Principal Officer
Crystal Quintin
Main Address
53 WEST SOUTH STREET SUITE 1, CARLISLE, PA, 17013
Website
www.cumberlandbusiness.comNTEE Category
Code: S30 - Community improvement
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