Overview
What is Southern Colorado Economic Development District Inc?
Southern Colorado Economic Development District Inc, based in Pueblo, Colorado, is a nonprofit organization with a mission to foster economic growth in the region. They primarily focus on economic development in Southern Colorado, overseeing federal grant administration through the Economic Development Administration (EDA). The organization acts as a coordinator, facilitating collaboration among various entities sharing common objectives. Their primary role is to assist member counties in their economic development endeavors and participate in other loan programs, ensuring a prosperous future for the community. With a team of 15 dedicated individuals, Southern Colorado Economic Development District Inc plays a crucial part in driving economic progress in the region.
Official website here: www.scedd.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star rating)
Southern Colorado Economic Development District Inc has received a 74% rating from Charity Navigator, indicating a Two-Star rating. The organization demonstrates strengths in governance, with 100% of board members being independent and a well-documented policy framework, including conflict of interest and whistleblower policies. Additionally, the program expense ratio is robust at 89.35%, suggesting that a significant portion of funds is directed towards its programs.
However, the organization faces challenges in its financial transparency, notably having no financial statements available for review, which has heavily impacted its Accountability & Finance score. The liabilities to assets ratio stands at 58.70%, which may raise concerns about its financial sustainability. Overall, while the organization shows effective governance and program spending, the lack of financial documentation could limit potential donors' confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Colorado Economic Development District Inc legitimate?
Southern Colorado Economic Development District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Colorado Economic Development District 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: $103,633
Professional Fundraising Fees: $0
Other Salaries and Wages: $418,051
For more financial information, click here
Official website here: www.scedd.com
What is the mission statement of Southern Colorado Economic Development District Inc?
The Southern Colorado Economic Development District Inc's mission is centered around economic development in the region. The organization's primary goal is to aid its member counties in their economic growth endeavors. Additionally, they assist with various loan programs. In a broader context, they oversee the administration of Economic Development Administration (EDA) federal grants and work towards aligning the efforts of various entities with common objectives.
Official website here: www.scedd.com
Who is the CEO of Southern Colorado Economic Development District Inc?
Terry Hart is the Chairperson of Southern Colorado Economic Development District Inc.
Official website here: www.scedd.com
What is the revenue of Southern Colorado Economic Development District Inc?
Southern Colorado Economic Development District Inc's revenue in 2022 was $1,167,253.
Official website here: www.scedd.com
Who are the executives of Southern Colorado Economic Development District Inc and what are their salaries?
The average compensation at Southern Colorado Economic Development District Inc during 2022 was $34,779. There are 15 employees at Southern Colorado Economic Development District Inc.
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Official website here: www.scedd.com
Where can I find the form 990 for Southern Colorado Economic Development District Inc?
Southern Colorado Economic Development District Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scedd.com
Learn more at the official website: www.scedd.com
Mission Statement of Southern Colorado Economic Development District Inc
Southern Colorado Economic Development District Inc, abbreviated as Scedd, is dedicated to promoting economic development in the southern region of Colorado. Their primary mission is to assist the member counties in this area by providing support and guidance in economic development matters. Furthermore, Scedd also manages various loan programs to aid in this endeavor. In essence, their role is to facilitate economic growth and development in southern Colorado, while collaborating with various entities that share similar objectives. They also manage Federal Economic Development Administration (EDA) grants, ensuring the alignment of efforts among different entities towards common goals.
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Impact
October, 2024
Southern Colorado Economic Development District Inc plays a crucial role in fostering economic growth and development within the region by coordinating efforts among various entities with shared goals. It focuses on enhancing the economic landscape of Southern Colorado, particularly through the management of federal grants like those from the Economic Development Administration (EDA).
By assisting member counties with economic development initiatives and facilitating access to loan programs, the organization promotes community improvement and encourages collaboration among local governments, businesses, and community organizations. Its comprehensive approach helps to identify and address the unique economic challenges faced by Southern Colorado, ultimately leading to improved economic stability and growth for the region.
This information is meant to be a general summary of Southern Colorado Economic Development District 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 2022.
- Gross Receipts: $1,167,253
Assets and Liabilities:
- Total Assets: $928,138
- Total Liabilities: $544,901
- Net Assets: $383,237
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Organization Details
Founding Year
1967
Phone
0071954586Principal Officer
Terry Hart
Main Address
121 WEST CITY CENTER DRIVE, PUEBLO, CO, 81003
Website
www.scedd.comNTEE Category
Code: S31Z - Community improvement
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