Overview
What is Alamance County Economic Development Foundation?
The Alamance County Economic Development Foundation is a nonprofit organization situated in Burlington, North Carolina. Their primary goal is to enhance business prosperity and stimulate economic growth in the Alamance County area. They achieve this by engaging in various activities, such as marketing, research, and public/media relations. These efforts aim to attract new investments and create job opportunities within the area, as well as support and facilitate the expansion of existing industries. The foundation's mission is deeply rooted in benefiting its members and the wider community by promoting economic vitality within Alamance County.
Official website here: www.alamancechamber.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Alamance County Economic Development Foundation has received an impressive score of 97%, reflecting a strong level of accountability and financial management. This rating is based entirely on their accountability and finance metrics, with a perfect score in key areas such as having a majority of independent board members and no material diversion of assets. The organization demonstrates transparency through the listing of necessary policies and documents, including conflict of interest and whistleblower policies.
The foundation excels in having a solid financial structure, evidenced by a program expense ratio of 75.86%, which indicates that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the organization maintains a favorable liabilities to assets ratio of 0.00%, showcasing its financial stability and low risk of debt.
While the data highlights many organizational strengths, it also underscores the importance of maintaining these high standards as they continue to operate. The foundation's commitment to transparency and accountability should bode well for its ongoing effectiveness and trustworthiness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Alamance County Economic Development Foundation legitimate?
Alamance County Economic Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alamance County Economic Development Foundation 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: $88,744
For more financial information, click here
Official website here: www.alamancechamber.com
What is the mission statement of Alamance County Economic Development Foundation?
The Alamance County Economic Development Foundation's mission is centered around enhancing the well-being of businesses and stimulating economic vitality in its area. The primary objective is to benefit both its members and the community. To accomplish this, the foundation engages in activities aimed at increasing job opportunities and attracting new investments. This is achieved through various strategies such as marketing, research, and public relations. The foundation also facilitates the growth of existing industries in the area by providing assistance. In essence, the Alamance County Economic Development Foundation is committed to promoting economic growth and development for the betterment of its community.
Official website here: www.alamancechamber.com
Who is the CEO of Alamance County Economic Development Foundation?
Reagan C Gural is the President of Alamance County Economic Development Foundation.
Official website here: www.alamancechamber.com
What is the revenue of Alamance County Economic Development Foundation?
Alamance County Economic Development Foundation's revenue in 2022 was $569,833.
Official website here: www.alamancechamber.com
Who are the executives of Alamance County Economic Development Foundation and what are their salaries?
There 11 volunteers at Alamance County Economic Development Foundation.
Here are 10 key members and their salaries:
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Official website here: www.alamancechamber.com
Where can I find the form 990 for Alamance County Economic Development Foundation?
Alamance County Economic Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alamancechamber.com
Learn more at the official website: www.alamancechamber.com
Mission Statement of Alamance County Economic Development Foundation
The Alamance County Economic Development Foundation's mission is centered around enhancing the well-being of businesses and stimulating economic vitality in the local area. This nonprofit organization aims to benefit its members and the community at large by promoting and fostering economic growth. To achieve this goal, the foundation engages in various activities that aim to increase job opportunities and attract new investment. This is accomplished through marketing, research, and public/media relations, which help facilitate the expansion of existing industries and attract new businesses to the area. The ultimate aim of the Alamance County Economic Development Foundation is to contribute to the economic prosperity of the region, thereby improving the livelihoods of its residents.
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Impact
July, 2024
The Alamance County Economic Development Foundation plays a crucial role in enhancing business welfare and promoting economic vitality in the Alamance County area. Its key activities focus on increasing job opportunities and attracting new investments to the region. Through strategic marketing, research, and public relations efforts, the foundation facilitates the growth of jobs and investments in existing industries, ultimately fostering economic development and prosperity in the community.
This information is meant to be a general summary of Alamance County Economic Development Foundation. 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: $433
- Gross Receipts: $569,833
Assets and Liabilities:
- Total Assets: $1,452,224
- Total Liabilities: $0
- Net Assets: $1,452,224
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Organization Details
Founding Year
2005
Phone
(336) 228-1338Principal Officer
Reagan C Gural
Main Address
PO BOX 450, BURLINGTON, NC, 272160450
Website
www.alamancechamber.comNTEE Category
Code: S30 - Community improvement
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