Overview
What is Altoona-Blair County Development Corp?
The Altoona-Blair County Development Corp is a nonprofit organization located at 3900 Industrial Park Drive, Altoona, Pennsylvania, 16602. Their primary mission is to facilitate industrial and employment expansion in Blair County. To achieve this, they provide financing and other necessary resources. Their ultimate goal is to make Blair County an attractive and competitive community, enabling the attraction and retention of talent, investment, and job opportunities for future generations. The organization employs a team of seven individuals.
Official website here: www.abcdcorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Altoona-Blair County Development Corp has received a commendable rating of 85%, which reflects its strong accountability and financial management practices. The score is derived entirely from the Accountability & Finance category, indicating a solid foundation in these areas. With an independent board comprising 100% of its members and a robust program expense ratio of 93.54%, the organization demonstrates a commitment to transparency and effective resource allocation.
Strengths highlighted include the presence of comprehensive policies such as conflict of interest and whistleblower protections, which are critical for maintaining ethical standards. The organization also enjoys a high level of oversight with its audit and oversight committee, further enhancing its financial integrity. Additionally, the availability of vital documents on its website assures stakeholders that the organization is open and accountable.
However, while the rating reflects strong financial performance and governance practices, there may be limited insights into the organization’s overall impact and program effectiveness beyond financial metrics. Stakeholders seeking a deeper understanding of the programs and community outcomes may require additional information beyond what is provided in the financial data.
This AI summary has been generated from information found on Charity Navigator.
Is Altoona-Blair County Development Corp legitimate?
Altoona-Blair County Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Altoona-Blair County Development Corp 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
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Other Salaries and Wages: $819,990
For more financial information, click here
Official website here: www.abcdcorp.org
What is the mission statement of Altoona-Blair County Development Corp?
The Altoona-Blair County Development Corp serves as a tool to facilitate financing and other resources for the expansion of industries and employment opportunities within the area. Its ultimate goal is to make the community as attractive and competitive as possible, thereby drawing in talent, investments, and job prospects for future generations. By providing the necessary financial assistance, the organization aims to foster a thriving business environment that will benefit the local population and secure a prosperous future.
Official website here: www.abcdcorp.org
Who is the CEO of Altoona-Blair County Development Corp?
Stephen Mcknight is the Chairmain of Altoona-Blair County Development Corp.
Official website here: www.abcdcorp.org
What is the revenue of Altoona-Blair County Development Corp?
Altoona-Blair County Development Corp's revenue in 2022 was $33,416,279.
Official website here: www.abcdcorp.org
Who are the executives of Altoona-Blair County Development Corp and what are their salaries?
The average compensation at Altoona-Blair County Development Corp during 2022 was $117,141. There are 7 employees at Altoona-Blair County Development Corp.
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Official website here: www.abcdcorp.org
Where can I find the form 990 for Altoona-Blair County Development Corp?
Altoona-Blair County Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abcdcorp.org
Learn more at the official website: www.abcdcorp.org
Mission Statement of Altoona-Blair County Development Corp
Altoona-Blair County Development Corp, a key organization in the community, is dedicated to ensuring Blair County thrives as a competitive and attractive place to live and work for future generations. By providing financing and resources for industrial and employment expansion, this nonprofit corporation plays a vital role in securing talent, investment, and job opportunities within the area. In simpler terms, Altoona-Blair County Development Corp functions as a catalyst for economic growth within the community, thereby contributing to its long-term prosperity.
The mission of Altoona-Blair County Development Corp transcends mere financial assistance. It is a commitment to surpassing the status quo and cultivating a vibrant and thriving community where businesses can flourish and individuals can prosper. By facilitating expansion and growth, the corporation fosters an environment where innovation prevails, and opportunities abound. Ultimately, Altoona-Blair County Development Corp strives to create a future-ready Blair County, where the next generation can reap the benefits of a robust and competitive economy.
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Impact
October, 2024
Altoona-Blair County Development Corp plays a crucial role in enhancing the economic landscape of Blair County. By providing essential financing and support for industrial growth and employment expansion, it acts as a vital conduit for investment in the region. Its mission is centered on making Blair County a competitive and attractive community, which fosters talent retention, attracts investments, and generates job opportunities. This impact is essential not only for current economic stability but also for the sustained prosperity of future generations in the area. Through its initiatives, it contributes significantly to community improvement, ensuring a thriving local economy.
This information is meant to be a general summary of Altoona-Blair County Development Corp. 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: $22,837,817
- Gross Receipts: $89,542,738
Assets and Liabilities:
- Total Assets: $122,969,142
- Total Liabilities: $88,392,310
- Net Assets: $34,576,832
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Organization Details
Founding Year
1946
Phone
(814) 944-6113Principal Officer
Stephen Mcknight
Main Address
3900 INDUSTRIAL PARK DRIVE, ALTOONA, PA, 16602
Website
www.abcdcorp.orgNTEE Category
Code: S400 - Community improvement
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