Overview
What is Economic Growth Connection Of Westmoreland?
Economic Growth Connection of Westmoreland (EGCW) is a nonprofit organization situated in Greensburg, Pennsylvania. Its primary mission is to foster business leadership and financing, with a goal to generate and maintain high-quality job opportunities in Westmoreland County and the surrounding region. EGCW achieves this by identifying potential funding sources at the local, state, and federal levels and structuring projects to secure low-cost financing. By taking the lead and collaborating with others, EGCW offers support to local businesses, assisting them in growth and prosperity. With a team of eight dedicated individuals, EGCW plays a crucial role in driving economic development in the region.
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
Economic Growth Connection Of Westmoreland has achieved a strong Four-Star rating from Charity Navigator, highlighting its effective management and transparency in operations. The organization demonstrates a high level of accountability with a perfect score for its independent board members and a solid financial structure, illustrated by a low liabilities-to-assets ratio of 19.91%.
The charity excels in program efficiency, dedicating 71.29% of its expenses directly to its programs, which reflects a commitment to its mission. Additionally, its fundraising efficiency is commendable, with only $0.04 spent to raise each dollar, indicating responsible financial practices and effective resource allocation.
There are no major limitations noted, as the organization maintains a conflict of interest policy and has documented its board meetings thoroughly. Overall, the Economic Growth Connection Of Westmoreland stands out for its governance and financial health, making it a trustworthy option for donors looking to support economic growth initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Economic Growth Connection Of Westmoreland legitimate?
Economic Growth Connection Of Westmoreland is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Growth Connection Of Westmoreland 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: $225,493
Professional Fundraising Fees: $0
Other Salaries and Wages: $285,394
For more financial information, click here
What is the mission statement of Economic Growth Connection Of Westmoreland?
The Economic Growth Connection of Westmoreland's mission statement is centered around business leadership and financing. It aims to drive the development of business opportunities and financing that creates and retains quality jobs in the region. Acting as a leader and collaborating with others, EGCW provides support to local companies to aid in their growth and prosperity. The organization identifies potential sources of funding at various levels and structures projects to secure the most affordable financing. EGCW facilitates the process, from due diligence to closing, to ensure a smooth financial transition for the businesses it assists.
Who is the CEO of Economic Growth Connection Of Westmoreland?
James L Smith is the CEO of Economic Growth Connection Of Westmoreland The CEO's salary of Economic Growth Connection Of Westmoreland is $160,191 and their total compensation is $192,827.
What is the revenue of Economic Growth Connection Of Westmoreland?
Economic Growth Connection Of Westmoreland's revenue in 2023 was $283,209.
Who are the executives of Economic Growth Connection Of Westmoreland and what are their salaries?
The average compensation at Economic Growth Connection Of Westmoreland during 2023 was $72,984. There are 7 employees and 32 volunteers at Economic Growth Connection Of Westmoreland.
Here are 37 key members and their salaries (Economic Growth Connection Of Westmoreland's CEO's salary is $160,191 and their total compensation is $192,827):
- Compensation: $160,191
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Where can I find the form 990 for Economic Growth Connection Of Westmoreland?
Economic Growth Connection Of Westmoreland's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Economic Growth Connection Of Westmoreland
The Economic Growth Connection of Westmoreland, abbreviated as EGCW, serves as a leader in the business sector, with a mission to create and retain quality jobs in Westmoreland County and the surrounding region. This nonprofit organization provides business leadership and financing, working in partnership with others to develop business opportunities and secure financing. EGCW supports local companies in their growth and prosperity by identifying potential sources of funding at the local, state, and federal levels. The organization facilitates the funding process, from due diligence to closing, ensuring that projects receive the maximum amount of low-cost financing. In essence, EGCW is dedicated to fostering a thriving business environment in Westmoreland County and beyond, contributing to the creation and retention of quality employment opportunities.
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Impact
October, 2024
Economic Growth Connection of Westmoreland plays a pivotal role in driving economic development within Westmoreland County and its surrounding regions. By focusing on business leadership and financing, it catalyzes the growth and retention of quality jobs, vital for maintaining a robust local economy. Through its efforts, businesses in the area receive essential support in identifying and securing various funding sources, from local to federal levels.
This financial assistance is crucial for structuring projects effectively, maximizing the potential for low-cost financing. By facilitating the entire process—from due diligence to closing—Economic Growth Connection ensures that businesses are well-equipped to thrive. This strategic leadership not only fosters individual company prosperity but also enhances the overall economic landscape, leading to increased employment opportunities and community improvement.
As a result, the organization contributes significantly to the region's economic health, ensuring that Westmoreland County remains an attractive place for business development and investment. Through collaboration with various stakeholders, it strengthens the local business ecosystem, encouraging innovation and sustainable growth.
This information is meant to be a general summary of Economic Growth Connection Of Westmoreland. 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 2023.
- Investment Income: $96,477
- Program Service Revenue: $235,818
- Gross Receipts: $1,525,730
Assets and Liabilities:
- Total Assets: $20,902,241
- Total Liabilities: $4,161,868
- Net Assets: $16,740,373
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN & APPLICATION FEES
Revenue
$108,398
LOAN PROGRAM REVENUE
Revenue
$2,420
WPPSEF CONTRACT SERVICES
Revenue
$125,000
Organization Details
Founding Year
2000
Principal Officer
Dr Tuesday Stanley
NTEE Category
Code: S30 - Community improvement
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