Overview
What is Alexander County Economic Development Corporation?
The Alexander County Economic Development Corporation is a nonprofit organization situated in Taylorsville, North Carolina (NC). Their primary mission is to foster economic and community development within Alexander County. They achieve this by offering industrial grants to local businesses, thereby stimulating job creation. This nonprofit organization aims to enhance the tax base, ultimately improving the overall quality of life in the county. Beyond their financial support, they also engage in educational and charitable endeavors specifically for the benefit of Alexander County, NC.
Official website here: www.alexanderedc.org
What are the reviews and ratings of this charity?
Charity Navigator rating: Three-Star out of Four Stars (84%)
The Alexander County Economic Development Corporation has earned a Three-Star rating, indicating a solid accountability and finance score of 84%. This score is based entirely on its accountability and financial practices, showcasing the organization's commitment to transparency and effective management of resources. The evaluation reflects positively on key aspects such as the independence of the board members and the proper oversight of financial statements.
Strengths highlighted include an independent board composed entirely of independent members, which demonstrates a commitment to governance and oversight. Additionally, the organization has been recognized for its effective management of assets, with no material diversion reported. The high percentage of program expenses indicates that a significant portion of its funding is dedicated to its mission-driven activities.
However, the review also notes some limitations, particularly the absence of certain policies, such as a conflict of interest policy and whistleblower policy, which are considered best practices for nonprofits. Despite these gaps, the overall financial health of the organization appears strong, as evidenced by low liabilities and a substantial proportion of expenses directed towards programs.
This AI summary has been generated from information found on Charity Navigator.
Is Alexander County Economic Development Corporation legitimate?
Alexander County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alexander County 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: $0
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Official website here: www.alexanderedc.org
What is the mission statement of Alexander County Economic Development Corporation?
The Alexander County Economic Development Corporation is committed to fostering economic and community development. Their primary objectives include promoting job opportunities, increasing the tax base, and enhancing the quality of life. To achieve these goals, they provide educational and charitable efforts, specifically within Alexander County, North Carolina. Additionally, they offer industrial grants to local businesses to facilitate the creation of new jobs.
Official website here: www.alexanderedc.org
What is the revenue of Alexander County Economic Development Corporation?
Alexander County Economic Development Corporation's revenue in 2024 was $158,367.
Official website here: www.alexanderedc.org
Who are the executives of Alexander County Economic Development Corporation and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $111,641
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Official website here: www.alexanderedc.org
Where can I find the form 990 for Alexander County Economic Development Corporation?
Alexander County Economic Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.alexanderedc.org
Learn more at the official website: www.alexanderedc.org
Mission Statement of Alexander County Economic Development Corporation
The Alexander County Economic Development Corporation, abbreviated as ACEDC, is dedicated to fostering economic growth and community development in Alexander County. Its primary objective is to create job opportunities, enhance the tax base, and improve the overall quality of life within the county. In addition to this, the organization undertakes educational and charitable initiatives, with a specific focus on Alexander County, North Carolina.
In pursuit of its mission, ACEDC has provided industrial grants to local businesses. These grants have been instrumental in helping these businesses create new jobs within the county, thereby contributing to its economic growth. By supporting local businesses, ACEDC not only boosts the job market but also strengthens the local economy, ultimately improving the quality of life for the residents of Alexander County. The corporation's activities are a testament to its commitment to promoting sustainable growth and development in the region.
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Impact
October, 2024
The Alexander County Economic Development Corporation plays a crucial role in supporting economic and community development in Alexander County, North Carolina. Its efforts are focused on promoting job creation, increasing the local tax base, and enhancing the overall quality of life in the area.
One of the key impacts of the corporation is the provision of industrial grants to local businesses, which help stimulate job growth. By assisting businesses in their expansion and operational needs, the corporation not only fosters a more robust job market but also strengthens the economic foundation of the community.
Additionally, through various educational and charitable initiatives, the organization contributes to the community's overall well-being. These efforts aim to empower residents with the skills and resources necessary for personal and professional growth, further enriching the quality of life in Alexander County. Overall, the Alexander County Economic Development Corporation is pivotal in driving sustainable economic progress and community enhancement.
This information is meant to be a general summary of Alexander County 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 2024.
- Investment Income: $67
- Gross Receipts: $158,367
Assets and Liabilities:
- Total Assets: $2,444,020
- Total Liabilities: $144,172
- Net Assets: $2,299,848
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Organization Details
Founding Year
2006
Principal Officer
Ryan Mayberry
Website
www.alexanderedc.orgNTEE Category
Code: S30 - Community improvement
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