Overview
What is Lawrence County Economic Development Corp?
Lawrence County Economic Development Corp is a nonprofit organization located at 325 East Washington Street, New Castle, PA 16101. Its primary role is to facilitate growth and development in the region by serving as a catalyst for leadership, coordination, and orderly business advancement. As demonstrated by a significant grant of $1,950,000 from the Redevelopment Assistance Capital Program of Pennsylvania's Department of Community and Economic Development, the corporation plays a crucial part in community development initiatives. The organization's mission is to contribute positively to the lives of its community members by fostering an environment that encourages excellence and progress.
Official website here: www.lawrencecounty.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Lawrence County Economic Development Corp has received a 73% rating, indicating a moderate level of accountability and financial performance. The organization has a fully independent board and an appropriate number of board members, demonstrating strong governance practices. Its financial statements undergo proper audit procedures, and there are no reported issues regarding asset diversion.
However, the organization has notable weaknesses, particularly in transparency and policy adherence. There is a lack of a whistleblower policy and a document retention and destruction policy, both crucial for maintaining accountability. Additionally, the absence of tax forms on the nonprofit's website may hinder transparency and public trust. Despite these shortcomings, the high program expense ratio suggests a commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lawrence County Economic Development Corp legitimate?
Lawrence County Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence County Economic 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lawrencecounty.com
What is the mission statement of Lawrence County Economic Development Corp?
The Lawrence County Economic Development Corp's mission is to serve as a catalyst for improvement by fostering leadership, facilitating coordination, and encouraging organized business growth. By doing so, their goal is to positively transform lives in a creative and effective manner. This organization has demonstrated its commitment to this mission by serving as the intermediary for a significant grant program aimed at promoting workforce development.
Official website here: www.lawrencecounty.com
Who is the CEO of Lawrence County Economic Development Corp?
Mark Tomaszewski is the Board Member of Lawrence County Economic Development Corp.
Official website here: www.lawrencecounty.com
What is the revenue of Lawrence County Economic Development Corp?
Lawrence County Economic Development Corp's revenue in 2022 was $3,062,181.
Official website here: www.lawrencecounty.com
Who are the executives of Lawrence County Economic Development Corp and what are their salaries?
Here are 17 key members and their salaries:
- 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
Official website here: www.lawrencecounty.com
Where can I find the form 990 for Lawrence County Economic Development Corp?
Lawrence County Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lawrencecounty.com
Learn more at the official website: www.lawrencecounty.com
Mission Statement of Lawrence County Economic Development Corp
Lawrence County Economic Development Corp, as a dynamic force, is committed to enhancing leadership, fostering coordination, and encouraging orderly business growth. Their mission, in essence, is to positively impact lives by serving as a catalyst for excellence in these areas. Through their initiatives, they aim to promote a conducive environment for successful business development, thereby contributing to the overall transformation of the community.
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
Lawrence County Economic Development Corp has significantly impacted the region by facilitating economic growth and workforce development. By serving as the pass-through entity for a substantial $1,950,000 grant from the Redevelopment Assistance Capital Program, the organization has helped to implement the IBEW Apprentice Training Program. This initiative enhances the skill sets of local workers, contributing to a more competent labor force and addressing the needs of businesses in the area.
The organization's commitment to excellence in leadership and orderly business development fosters an environment where both existing and new businesses can thrive. Through strategic coordination of resources and programs, it plays a crucial role in enhancing community improvement, ultimately transforming lives and promoting sustainable economic growth in New Castle, PA.
This information is meant to be a general summary of Lawrence County Economic 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: $28,989
- Program Service Revenue: $58,404
- Gross Receipts: $3,062,181
Assets and Liabilities:
- Total Assets: $8,868,040
- Total Liabilities: $7,228,264
- Net Assets: $1,639,776
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.
Management Fees
Revenue
$18,000
Bookkeeping Fees
Revenue
$3,000
Program Admin Fees
Revenue
$37,404
Organization Details
Founding Year
1955
Principal Officer
Mark Tomaszewski
Main Address
325 East Washington Street, New Castle, PA, 16101
Website
www.lawrencecounty.comNTEE Category
Code: S30 - Community improvement
If you are a representative of Lawrence County Economic Development Corp 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.