Overview
What is Cedar Valley Tech Works Inc?
Cedar Valley Tech Works Inc is a nonprofit organization established in Waterloo, Iowa, with a focus on driving innovation, employment, and investment in sectors such as bio-agriculture, advanced manufacturing, information technologies, and other industries. Their mission is to serve as a hub for leaders in biotechnology, connecting researchers, farmers, investors, and business owners, thereby fostering collaborative economic development in the Cedar Valley region.
Official website here: www.cedarvalleytechworks.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star Rating
Cedar Valley Tech Works Inc has received a low rating of 57% from Charity Navigator, earning it a One-Star designation. The rating reflects the organization's performance in accountability and finance, with various strengths noted in governance, such as having a majority independent board and proper policies for conflict of interest and whistleblower protections.
However, the organization's financial management raises significant concerns. A low program expense ratio of 46.81% suggests that only a little less than half of its expenses are directed toward its programs, which is below the expected standard for effective nonprofits. Additionally, the absence of the nonprofit's tax form on its website negatively impacted its score, further highlighting transparency issues.
While Cedar Valley Tech Works Inc demonstrates solid governance practices, it faces challenges in financial accountability and program efficiency. Stakeholders and potential donors may want to consider these factors when evaluating the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Cedar Valley Tech Works Inc legitimate?
Cedar Valley Tech Works Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Valley Tech Works Inc 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
For more financial information, click here
Official website here: www.cedarvalleytechworks.com
What is the mission statement of Cedar Valley Tech Works Inc?
Cedar Valley Tech Works Inc serves as a hub for leaders in the field of biotechnology, attracting researchers, farmers, investors, and business owners. Its mission is to own, redevelop, operate, and market land and buildings, with the primary goal of fostering innovation, employment, and investment in sectors such as bio-agriculture, advanced manufacturing, information technologies, and other industries. The organization aims to collaborate with other entities to promote economic development. In essence, Cedar Valley Tech Works Inc acts as a catalyst for growth and innovation in various industries by bringing together key players and providing necessary resources.
Official website here: www.cedarvalleytechworks.com
Who is the CEO of Cedar Valley Tech Works Inc?
Carolyn Darrah is the Ceo of Cedar Valley Tech Works Inc. The CEO's salary of Cedar Valley Tech Works Inc is $0 and their total compensation is $198,585.
Official website here: www.cedarvalleytechworks.com
What is the revenue of Cedar Valley Tech Works Inc?
Cedar Valley Tech Works Inc's revenue in 2023 was -$4,637,448.
Official website here: www.cedarvalleytechworks.com
Who are the executives of Cedar Valley Tech Works Inc and what are their salaries?
There 11 volunteers at Cedar Valley Tech Works Inc.
Here are 12 key members and their salaries (Cedar Valley Tech Works Inc's CEO's salary is $0 and their total compensation is $198,585):
- Compensation: $0
- Related: $187,098
- Other: $11,487
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- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cedarvalleytechworks.com
Where can I find the form 990 for Cedar Valley Tech Works Inc?
Cedar Valley Tech Works Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cedarvalleytechworks.com
Learn more at the official website: www.cedarvalleytechworks.com
Mission Statement of Cedar Valley Tech Works Inc
Cedar Valley Tech Works Inc, a prominent entity in the biotechnology field, serves as a hub for researchers, farmers, investors, and business owners. Its mission is twofold. Firstly, Cedar Valley Tech Works Inc aims to own, redevelop, operate, and market land and buildings. This initiative is designed to stimulate innovation, employment, and investment in sectors such as bio-agriculture, advanced manufacturing, and information technologies, among others.
Secondly, Cedar Valley Tech Works Inc strives to cooperate with other entities to foster economic development. By doing so, it aspires to create an environment that encourages growth and progress in these industries. This collaborative approach is instrumental in driving the overall success and prosperity of the organization and the wider community it serves. In essence, Cedar Valley Tech Works Inc plays a pivotal role in bringing together key players in the field of biotechnology, fostering collaboration, and driving innovation and economic growth.
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Impact
October, 2024
Cedar Valley Tech Works Inc plays a pivotal role in enhancing the biotechnology landscape in the Cedar Valley. By serving as a hub for researchers, farmers, investors, and business owners, it fosters collaboration and innovation across various sectors, particularly in bio-agriculture, advanced manufacturing, and information technologies.
The organization is dedicated to owning, redeveloping, and operating land and buildings that support economic growth. Its efforts lead to increased innovation, employment opportunities, and investment in the local economy. By cooperating with other entities focused on economic development, Cedar Valley Tech Works Inc significantly contributes to the region’s overall growth and improvement, creating a vibrant ecosystem that benefits the entire community.
This information is meant to be a general summary of Cedar Valley Tech Works Inc. 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.
- Investment Income: -$4,923,933
- Program Service Revenue: $286,470
- Gross Receipts: $1,711,851
Assets and Liabilities:
- Total Assets: $7,074,138
- Total Liabilities: $4,716
- Net Assets: $7,069,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$170,030
CAM REIMBURSEMENTS
Revenue
$67,133
UTILITIES REIMBURSEMENT REVEN
Revenue
$49,307
Organization Details
Founding Year
2006
Phone
(319) 232-1156Principal Officer
Carolyn Darrah
Main Address
360 WESTFIELD AVENUE SUITE 300-B, WATERLOO, IA, 50701
Website
www.cedarvalleytechworks.comNTEE Category
Code: S30 - Community improvement
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