Overview
What is Lehigh Valley Economic Development Corporation (Lvedc)?
The Lehigh Valley Economic Development Corporation (Lvedc) is a dedicated nonprofit organization situated in Bethlehem, Pennsylvania. Its primary mission involves marketing the economic strengths of the Lehigh Valley region, fostering partnerships, and supporting the growth and retention of businesses across various sectors. The corporation aims to create job opportunities for individuals at all skill and education levels. By recruiting target companies, Lvedc promotes an economically prosperous environment. Additionally, it provides essential data and intelligence about the local economy, striving to strengthen public-private partnerships for sustainable economic growth. With a team of 16 dedicated professionals, Lvedc plays a crucial role in the region's economic development.
Official website here: www.lehighvalley.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Lehigh Valley Economic Development Corporation (LVEDC) has achieved a remarkable score of 96%, reflecting strong accountability and financial management. This rating is solely based on the Accountability & Finance score, indicating that the organization operates with a high level of transparency and integrity, as evidenced by its independent board and well-maintained financial oversight processes.
LVEDC has been recognized for its excellent governance structure, with a fully independent board and robust policies in place, including conflict of interest and whistleblower policies. The organization demonstrates a strong commitment to keeping stakeholders informed, as indicated by the publication of board meeting minutes and the presence of an audit and oversight committee.
Despite its strengths, the LVEDC's focus on financial metrics means that potential supporters might want to explore additional qualitative aspects of its programs and impact. However, the high program expense ratio of 86.03% suggests that a significant portion of its resources is directed toward its mission-focused activities. Overall, LVEDC stands out as a financially sound nonprofit committed to economic development in its region.
This AI summary has been generated from information found on Charity Navigator.
Is Lehigh Valley Economic Development Corporation (Lvedc) legitimate?
Lehigh Valley Economic Development Corporation (Lvedc) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lehigh Valley Economic Development Corporation (Lvedc) 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: $850,361
Professional Fundraising Fees: $0
Other Salaries and Wages: $812,813
For more financial information, click here
Official website here: www.lehighvalley.org
What is the mission statement of Lehigh Valley Economic Development Corporation (Lvedc)?
The Lehigh Valley Economic Development Corporation (Lvedc) is dedicated to promoting the economic assets of a particular region. Its primary objective is to establish partnerships that facilitate the recruitment, expansion, and retention of employers across various skill and education levels, thereby creating job opportunities. The organization plays a significant role in marketing the region's economic strengths, attracting companies in targeted sectors, and supporting the growth and sustainability of existing businesses. Additionally, Lvedc works on fostering a skilled and prepared workforce, providing intelligence and data on the local economy, and expanding collaborative partnerships for economic growth.
Official website here: www.lehighvalley.org
Who is the CEO of Lehigh Valley Economic Development Corporation (Lvedc)?
Donald T Cunningham Jr is the Board Member of Lehigh Valley Economic Development Corporation (Lvedc). The CEO's salary of Lehigh Valley Economic Development Corporation (Lvedc) is $107,337 and their total compensation is $121,894.
Official website here: www.lehighvalley.org
What is the revenue of Lehigh Valley Economic Development Corporation (Lvedc)?
Lehigh Valley Economic Development Corporation (Lvedc)'s revenue in 2022 was $3,199,006.
Official website here: www.lehighvalley.org
Who are the executives of Lehigh Valley Economic Development Corporation (Lvedc) and what are their salaries?
The average compensation at Lehigh Valley Economic Development Corporation (Lvedc) during 2022 was $103,948. There are 16 employees and 32 volunteers at Lehigh Valley Economic Development Corporation (Lvedc).
Here are 37 key members and their salaries (Lehigh Valley Economic Development Corporation (Lvedc)'s CEO's salary is $107,337 and their total compensation is $121,894):
- 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
- 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
- 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
- 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: $260,907
- Related: $0
- Other: $32,583
- Compensation: $138,993
- Related: $0
- Other: $24,407
- Compensation: $127,202
- Related: $0
- Other: $23,481
- Compensation: $101,843
- Related: $0
- Other: $19,052
- Compensation: $107,337
- Related: $0
- Other: $14,557
Official website here: www.lehighvalley.org
Where can I find the form 990 for Lehigh Valley Economic Development Corporation (Lvedc)?
Lehigh Valley Economic Development Corporation (Lvedc)'s most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lehighvalley.org
Learn more at the official website: www.lehighvalley.org
Mission Statement of Lehigh Valley Economic Development Corporation (Lvedc)
The Lehigh Valley Economic Development Corporation (LVEDC) is committed to promoting the economic assets of a specific region and fostering partnerships to support the recruitment, growth, and retention of employers. This nonprofit organization strives to create job opportunities for individuals of various skill and education levels. To achieve its mission, LVEDC markets the economic potential of the area, attracts companies in targeted sectors, assists in the expansion and retention of existing businesses, and promotes a skilled and prepared workforce. LVEDC also provides valuable intelligence and data on the local economy and works to expand public and private partnerships for economic growth. Overall, the Lehigh Valley Economic Development Corporation plays a critical role in driving economic development and creating employment opportunities in the region.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Lehigh Valley Economic Development Corporation (LVEDC) plays a vital role in enhancing the economic landscape of the Lehigh Valley region. By effectively marketing the area’s economic assets, LVEDC attracts companies in targeted sectors, fostering job creation and retention for individuals across various skill and education levels.
Through strategic partnerships, LVEDC supports both the growth of new businesses and the sustainability of existing employers. This collaboration not only strengthens the local economy but also ensures that the workforce is skilled and prepared to meet the demands of evolving industries.
LVEDC is dedicated to providing valuable data and insights on the Lehigh Valley economy, enabling stakeholders to make informed decisions that lead to sustainable economic development. The organization’s commitment to expanding public and private partnerships further amplifies its impact, promoting collaborative efforts that drive regional prosperity and community improvement.
This information is meant to be a general summary of Lehigh Valley Economic Development Corporation (Lvedc). 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: $4,899
- Program Service Revenue: $283,045
- Gross Receipts: $3,213,937
Assets and Liabilities:
- Total Assets: $6,009,502
- Total Liabilities: $2,546,535
- Net Assets: $3,462,967
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC DEVELOPMENT
Revenue
$283,045
Organization Details
Founding Year
1995
Phone
(610) 266-6775Principal Officer
Donald T Cunningham Jr
Main Address
520 N NEW STREET, BETHLEHEM, PA, 18018
Website
www.lehighvalley.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Lehigh Valley Economic Development Corporation (Lvedc) and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.