Overview
What is Tri-County Council Foundation Inc?
Tri-County Council Foundation Inc, located at 31901 TRI-COUNTY WAY 201, Salisbury, Maryland 21804, is a nonprofit organization dedicated to fostering economic growth and job opportunities on the Lower Eastern Shore of Maryland and Virginia. They primarily accomplish this mission through grant awards, aiming to support and enhance the region's development. With a team of 160 employees, the foundation plays a significant role in driving development and job retention in the Lower Eastern Shore area.
Official website here: www.tcclesmd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Tri-County Council Foundation Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. With a score of 73%, the evaluation highlights strong aspects such as a perfect program expense ratio of 100%, demonstrating that all expenses are dedicated to programs. Additionally, the organization has no reported material diversion of assets and has maintained the necessary financial oversight measures.
However, the foundation has notable weaknesses, particularly in governance practices. There are no independent board members, which raises concerns about accountability and transparency. Furthermore, the absence of key policies such as a whistleblower policy and a document retention policy suggests a lack of robust governance frameworks. The organization also failed to post its tax form on its website, which is a transparency deficiency.
While the Tri-County Council Foundation shows commitment to its programs, the lack of independent oversight and governance policies may hinder its effectiveness and stakeholder trust. Improvement in these areas could enhance its overall rating and credibility within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Tri-County Council Foundation Inc legitimate?
Tri-County Council Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tri-County Council Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,559,678
For more financial information, click here
Official website here: www.tcclesmd.org
What is the mission statement of Tri-County Council Foundation Inc?
The Tri-County Council Foundation Inc is dedicated to promoting economic development in the Lower Eastern Shore region, encompassing both Maryland and Virginia. Their primary focus is on fostering job growth, retention, and advancement within this area. They achieve this mission through the allocation of grant awards, which are instrumental in funding these economic development initiatives.
Official website here: www.tcclesmd.org
Who is the CEO of Tri-County Council Foundation Inc?
Gregory Padgham is the Immediate Past Chair of Tri-County Council Foundation Inc.
Official website here: www.tcclesmd.org
What is the revenue of Tri-County Council Foundation Inc?
Tri-County Council Foundation Inc's revenue in 2022 was $4,415,773.
Official website here: www.tcclesmd.org
Who are the executives of Tri-County Council Foundation Inc and what are their salaries?
The average compensation at Tri-County Council Foundation Inc during 2022 was $22,248. There are 160 employees at Tri-County Council Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.tcclesmd.org
Where can I find the form 990 for Tri-County Council Foundation Inc?
Tri-County Council Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tcclesmd.org
Learn more at the official website: www.tcclesmd.org
Mission Statement of Tri-County Council Foundation Inc
Tri-County Council Foundation Inc, a dedicated organization, is committed to fostering economic development, encouraging job growth, and promoting retention and advancement in the Lower Eastern Shore of Maryland and Virginia. Their primary focus is on supporting initiatives that contribute to the overall economic development of this region. The foundation achieves this mission primarily through grant awards, investing in projects and programs that align with their objectives. By doing so, they aim to stimulate economic growth and create opportunities for local businesses and communities.
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Impact
October, 2024
Tri-County Council Foundation Inc significantly impacts the Lower Eastern Shore of Maryland and Virginia by fostering economic development and job growth in the region. Through targeted initiatives, the organization works to retain existing jobs while facilitating the creation of new employment opportunities. Funding for these critical activities primarily comes from grant awards, enabling the foundation to support various projects that enhance the region's economic landscape.
By promoting workforce development and supporting local businesses, Tri-County Council plays a pivotal role in strengthening the community's economic infrastructure. Their efforts not only contribute to immediate job creation but also lay the groundwork for long-term sustainability and growth, benefiting both the local economy and the residents dependent on it. Through a commitment to education and skill development, the foundation ensures that the workforce is equipped to meet the demands of today’s job market, ultimately enhancing the quality of life for individuals in the Lower Eastern Shore region.
This information is meant to be a general summary of Tri-County Council Foundation 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.
- Program Service Revenue: $4,246,745
- Gross Receipts: $4,415,773
Assets and Liabilities:
- Total Assets: $367,480
- Total Liabilities: $182,158
- Net Assets: $185,322
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYMENT SERVICES
Revenue
$4,154,129
OTHER ACTIVITIES - SOC
Revenue
$92,616
Organization Details
Founding Year
2007
Phone
(410) 341-8980Principal Officer
Gregory Padgham
Main Address
31901 TRI-COUNTY WAY 201, SALISBURY, MD, 21804
Website
www.tcclesmd.orgNTEE Category
Code: B90 - Education
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