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Chester County Economic Development Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232978513 ✦ Exton, PA ✦ Designated as a 501(c)(3)

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Overview

What is Chester County Economic Development Foundation Inc?

Chester County Economic Development Foundation Inc is a nonprofit organization situated in Exton, Pennsylvania. With a primary focus on economic development, the foundation collaborates extensively with the Chester County Workforce Investment Board. Their mission is to provide industry-specific workforce training, education, and assistance to both businesses and individuals. This year, they have actively engaged in industry focus groups across sectors such as information technology, healthcare, agriculture, manufacturing, training, energy, and more. The foundation's initiatives aim to retain and expand businesses, enhance workforce capabilities, and improve economic conditions, particularly in economically distressed areas.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 90% (Four-Star out of Four Star rating)

The Chester County Economic Development Foundation Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The organization scored a total of 90%, with all points derived from the Accountability & Finance beacon, indicating a solid commitment to transparency and responsible financial management.

Key strengths include a fully independent board, with 100% of its members meeting criteria for independence. The foundation has a high program expense ratio of 92.62%, suggesting that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, it demonstrates strong oversight with an active Audit and Oversight Committee and a comprehensive set of policies, including conflict of interest and whistleblower protections.

However, while the organization shows robust financial health and governance, there may be a need for more diverse metrics in future evaluations to provide a fuller picture of its impact and effectiveness in community development. Nonetheless, the current data underlines a reputable organization committed to its mission and ethical standards.


This AI summary has been generated from information found on Charity Navigator.

Is Chester County Economic Development Foundation Inc legitimate?

Chester County Economic Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chester County Economic Development Foundation 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

What is the mission statement of Chester County Economic Development Foundation Inc?

The Chester County Economic Development Foundation Inc is dedicated to engaging in training and educational activities related to economic development. Their mission encompasses retaining and expanding businesses, enhancing workforce capabilities, and improving economic conditions in economically distressed areas. The organization primarily collaborates with the Chester County Workforce Investment Board to provide industry-focused workforce training, education, and assistance to businesses and individuals. This year, their focus groups include Information Technology, Healthcare, Agriculture, Manufacturing, Training, and Energy.

Who is the CEO of Chester County Economic Development Foundation Inc?

James Hammond is the Chairman of Chester County Economic Development Foundation Inc. The CEO's salary of Chester County Economic Development Foundation Inc is $0 and their total compensation is $0.

What is the revenue of Chester County Economic Development Foundation Inc?

Chester County Economic Development Foundation Inc's revenue in 2023 was $2,317,273.

Who are the executives of Chester County Economic Development Foundation Inc and what are their salaries?

There 1067 volunteers at Chester County Economic Development Foundation Inc.


Here are 75 key members and their salaries (Chester County Economic Development Foundation Inc's CEO's salary is $0 and their total compensation is $0):


Craig A Styer Esquire (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Stedman (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Hankin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr R Lorraine Bernotsky (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur A Bernardon Aia (Honorary Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Conrad M Olie (Honorary Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward J Breiner (Director Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin A Brownley Jr (Honorary Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
F William Bogle (Director Emertius)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank A Piliero (Honorary Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hanno Spranger (Honorary Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Reading (Director Emertius)
  • Compensation: $0
  • Related: $0
  • Other: $0
John C Snyder Esquire (Honorary Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Maxwell (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marian D Moskowitz (Director Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Kichline (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy R Corson (Honorary Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
R Stanley Schuck (Honorary Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert F Fischer Cpa (Honorary Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger N Huggins Esquire (Director Emertius)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Phelps (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
A Steven Krug (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert D Fuller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anand Solanki (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annette F Favorite (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Hostetter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobby Kagel (Governmental Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian N O'Leary Aicp (Governmental Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane M Disney Phd (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Colin J Neill (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwayne Walton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gail B Dooley Lpn Cdp (Ex-Officio Ip Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Fiore Edd (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Newell (Ex-Officio Ip Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Vietri (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Reaves (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James E Turner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanette Roman (Governmental Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John J Camero (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Chester (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Gorman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Manion (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Van Ess (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis B Kupperman Esquire (Governmental Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Adams (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael A Dehaven Cpa (Governmental Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael F Merlie Esquire (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Kelly (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Long (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael A Bray (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miguel Baptista (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Cappelletti (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nabila Sajid (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Truskolaski (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Perry Bentley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Eastman (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Roberts (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sassan Hejazi Phd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Figgatt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Watras (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theo Notaras (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas J Burke (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
W Patrick Scott Esquire (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
W Todd Pohlig (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Adler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christoper Benevento (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marian Mcgorry Phd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria O'Connell (Wdb Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Springsteen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helen J Esbenshade Esquire (Solicitor For Ccedc)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Frazier Esquire (Solicitor For Ccedf)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Smith (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Hammond (Vp Of Finance)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Grigalonis (Coo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Chester County Economic Development Foundation Inc?

Chester County Economic Development Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Chester County Economic Development Foundation Inc

The Chester County Economic Development Foundation Inc is committed to engaging in training and educational activities related to economic development. Its primary objective is to improve economic conditions in economically distressed areas. To accomplish this, the organization focuses on retaining and expanding businesses, as well as enhancing the workforce. The Foundation collaborates extensively with the Chester County Workforce Investment Board, providing industry-focused workforce training, education, and assistance to businesses and individuals. This year, active industry focus groups include Information Technology, Healthcare, Agriculture, Manufacturing, Training, and Energy. By fostering these initiatives, the Chester County Economic Development Foundation Inc aims to stimulate economic growth and development in the relevant sectors.

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Impact



October, 2024

Chester County Economic Development Foundation Inc significantly impacts local economic conditions by focusing on training and educational initiatives that foster business retention and expansion. By partnering with the Chester County Workforce Investment Board, the foundation provides vital workforce training, education, and assistance tailored to industry needs.

In 2023, it actively engaged in industry focus groups across critical sectors such as Information Technology, Healthcare, Agriculture, Manufacturing, Training, and Energy. This targeted approach not only equips individuals with in-demand skills, enhancing employability, but also supports local businesses in addressing workforce challenges.

Additionally, the foundation's efforts to improve economic conditions in economically depressed areas contribute to community revitalization, fostering a more resilient local economy. Through strategic engagement and collaboration, the foundation plays a crucial role in cultivating a skilled workforce and creating a thriving business environment in Chester County.



This information is meant to be a general summary of Chester County Economic Development Foundation 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.

Revenue
$2,317,273 (2023)
Expenses
$2,363,105 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,078
  • Program Service Revenue: $205,060
  • Gross Receipts: $2,341,461

Assets and Liabilities:

  • Total Assets: $2,992,328
  • Total Liabilities: $1,207,806
  • Net Assets: $1,784,522

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FACILITY RENTAL INCOME

Revenue

$205,060

Organization Details

Founding Year

1994

Phone

(610) 458-5700

Principal Officer

James Hammond

Main Address

737 CONSTITUTION DRIVE, EXTON, PA, 19341

NTEE Category

Code: S31 - Community improvement

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