Overview
What is Ridc Of Southwestern Pennsylvania Growth Fund?
The Ridc Of Southwestern Pennsylvania Growth Fund is a charitable organization located at 267 Kappa Drive, Pittsburgh, PA 15238. It operates for various public service purposes, as specified in Section 501(C)(3) of the Internal Revenue Code of 1986. The organization's mission is to support a regional economic development group in revitalizing underutilized manufacturing facilities, thereby stimulating business expansion and employment opportunities in economically disadvantaged areas. The Growth Fund's activities fall under the categories of charitable, scientific testing for public safety, literary, educational training, community development, and community conservation.
Official website here: www.ridc.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
The Ridc Of Southwestern Pennsylvania Growth Fund has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scores particularly well in several key areas, including having a fully independent board and comprehensive financial oversight practices, which contributes to its overall score of 81%.
Strengths noted in the evaluation include a commitment to transparency and ethical governance, demonstrated by the existence of policies such as conflict of interest and whistleblower protections. The organization also excels in ensuring that all its funds are directed towards its programs, with a program expense ratio of 100%. This indicates a strong focus on fulfilling its mission effectively.
While the overall rating is commendable, it is based solely on the accountability and finance beacon, suggesting that there may be limited information available regarding the organization's impact or effectiveness in achieving its goals. This may be an area for potential growth and improvement moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Ridc Of Southwestern Pennsylvania Growth Fund legitimate?
Ridc Of Southwestern Pennsylvania Growth Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridc Of Southwestern Pennsylvania Growth Fund 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.ridc.org
What is the mission statement of Ridc Of Southwestern Pennsylvania Growth Fund?
The Ridc of Southwestern Pennsylvania Growth Fund operates with a charitable mission, focusing on scientific testing for public safety, literary pursuits, educational training, community development, and community conservation, all falling under the permissible scope of Section 501(C)(3) of the Internal Revenue Code of 1986. In essence, the organization supports various charitable causes and initiatives, with a primary focus on community development by providing business expansion opportunities in underutilized manufacturing facilities, aiming to generate job opportunities in depressed areas.
Official website here: www.ridc.org
Who is the CEO of Ridc Of Southwestern Pennsylvania Growth Fund?
Marian D Kurta is the President of Ridc Of Southwestern Pennsylvania Growth Fund.
Official website here: www.ridc.org
What is the revenue of Ridc Of Southwestern Pennsylvania Growth Fund?
Ridc Of Southwestern Pennsylvania Growth Fund's revenue in 2022 was $16,116,168.
Official website here: www.ridc.org
Who are the executives of Ridc Of Southwestern Pennsylvania Growth Fund and what are their salaries?
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $591,142
- Other: $37,755
- 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: $215,501
- Other: $35,728
- Compensation: $0
- Related: $26,267
- Other: $7,816
- Compensation: $0
- Related: $350,027
- Other: $50,198
- Compensation: $0
- Related: $208,624
- Other: $38,805
- Compensation: $0
- Related: $272,580
- Other: $42,452
- Compensation: $0
- Related: $97,962
- Other: $22,615
- Compensation: $0
- Related: $107,295
- Other: $32,409
- Compensation: $0
- Related: $176,487
- Other: $21,174
- Compensation: $0
- Related: $156,437
- Other: $35,386
- Compensation: $0
- Related: $133,051
- Other: $33,960
- Compensation: $0
- Related: $146,920
- Other: $11,180
- Compensation: $0
- Related: $119,513
- Other: $17,332
Official website here: www.ridc.org
Where can I find the form 990 for Ridc Of Southwestern Pennsylvania Growth Fund?
Ridc Of Southwestern Pennsylvania Growth Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ridc.org
Learn more at the official website: www.ridc.org
Mission Statement of Ridc Of Southwestern Pennsylvania Growth Fund
Ridc of Southwestern Pennsylvania Growth Fund is a charitable organization with a mission to serve various public purposes within the scope of Section 501(c)(3) of the Internal Revenue Code of 1986. This nonprofit operates exclusively for scientific testing for public safety, literary, educational training, community development, community conservatism, and other public service purposes.
In simple terms, Ridc of Southwestern Pennsylvania Growth Fund supports a regional economic development organization in its mission to provide business expansion and job opportunities in underutilized communities. The organization achieves this goal through the adaptive re-use development of underutilized manufacturing facilities. By doing so, Ridc plays a vital role in transforming neglected areas and revitalizing them economically.
Additionally, Ridc's activities extend beyond economic development. The organization supports charitable causes, scientific testing for public safety, and educational training programs. These efforts demonstrate a strong commitment to enhancing the well-being of communities and contributing to their overall growth and progress.
In summary, Ridc of Southwestern Pennsylvania Growth Fund is a dynamic and multifaceted nonprofit organization that is dedicated to improving communities through various means. By focusing on business expansion, job opportunities, and community development, Ridc plays a significant role in revitalizing underutilized areas and creating a positive impact on the lives of those it serves.
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Impact
October, 2024
Ridc Of Southwestern Pennsylvania Growth Fund significantly impacts regional economic development by facilitating business expansion and creating job opportunities in underdeveloped communities. By focusing on the adaptive reuse of underutilized manufacturing facilities, the organization revitalizes depressed areas, transforming them into economically viable spaces. This approach not only stimulates local economies but also fosters community development and conservatism, enhancing the quality of life for residents. Through its commitment to charitable efforts, scientific testing for public safety, and educational training, the organization actively supports a more sustainable and prosperous community.
This information is meant to be a general summary of Ridc Of Southwestern Pennsylvania Growth Fund. 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: $2,577,041
- Program Service Revenue: $2,664,304
- Gross Receipts: $16,116,168
Assets and Liabilities:
- Total Assets: $113,446,644
- Total Liabilities: $110,875,489
- Net Assets: $2,571,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,625,910
SERVICE & MANAGEMENT
Revenue
$38,394
Organization Details
Founding Year
1989
Phone
(412) 315-6440Principal Officer
Marian D Kurta
Main Address
267 KAPPA DRIVE, PITTSBURGH, PA, 15238
Website
www.ridc.orgNTEE Category
Code: S30 - Community improvement
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