Overview
What is Kent Economic Partnership Inc?
Kent Economic Partnership Inc, based in Dover, Delaware at 555 BAY ROAD, is a nonprofit organization dedicated to bolstering business opportunities in Central Delaware. The Kent Economic Partnership (KEP) employs business attraction and retention programs to foster better employment prospects for local residents. As a premier economic engine, KEP's mission is to support and expand business interests within the central region of Delaware. With a modest team of four individuals, KEP endeavors to promote a thriving business environment in the community.
Official website here: www.choosecentraldelaware.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36% (Zero-Star out of Four Star Rating)
Kent Economic Partnership Inc has received a low rating of 36%, primarily due to its focus on accountability and finance. The organization has scored well in certain areas, with a fully independent board and no material diversion of assets, both earning the maximum points. However, significant weaknesses in transparency policies and financial ratios have adversely affected its overall score.
The organization notably lacks essential policies such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction, which collectively resulted in a score of zero in these categories. Furthermore, the program expense ratio is quite low at 18.04%, indicating that a minimal portion of its budget is allocated to direct program services. This raises concerns regarding the organization's effectiveness and focus on its mission.
In summary, while Kent Economic Partnership Inc demonstrates strengths in board independence and asset management, its overall performance is undermined by critical deficiencies in governance policies and financial allocation towards programs. Prospective donors or supporters should carefully consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Kent Economic Partnership Inc legitimate?
Kent Economic Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kent Economic Partnership 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: $235,733
For more financial information, click here
Official website here: www.choosecentraldelaware.com
What is the mission statement of Kent Economic Partnership Inc?
Kent Economic Partnership Inc, as a non-profit organization, is established with the primary goal of fostering and expanding business interests across Central Delaware. Its mission is centered around promoting better employment opportunities for the local residents. To achieve this, KEP employs business attraction and retention programs, positioning itself as a significant economic driver in the region. By doing so, KEP aims to enhance the regional economy, ultimately benefiting the community as a whole.
Official website here: www.choosecentraldelaware.com
Who is the CEO of Kent Economic Partnership Inc?
Gregg Moore is the Executive Di of Kent Economic Partnership Inc.
Official website here: www.choosecentraldelaware.com
What is the revenue of Kent Economic Partnership Inc?
Kent Economic Partnership Inc's revenue in 2022 was $456,750.
Official website here: www.choosecentraldelaware.com
Who are the executives of Kent Economic Partnership Inc and what are their salaries?
The average compensation at Kent Economic Partnership Inc during 2022 was $58,933. There are 4 employees at Kent Economic Partnership Inc.
Here are 14 key members and their salaries:
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Official website here: www.choosecentraldelaware.com
Where can I find the form 990 for Kent Economic Partnership Inc?
Kent Economic Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.choosecentraldelaware.com
Learn more at the official website: www.choosecentraldelaware.com
Mission Statement of Kent Economic Partnership Inc
Kent Economic Partnership Inc, as a non-profit organization, was established with a mission to support and expand business interests throughout Central Delaware. This mission is carried out by utilizing business attraction and retention programs. The primary objective of these initiatives is to create better employment opportunities for the residents of Central Delaware, positioning Kent Economic Partnership Inc as a significant economic engine in the region. By promoting business growth, the organization aims to contribute positively to the local economy and enhance the overall quality of life for the community.
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Impact
July, 2024
Kent Economic Partnership Inc, operating in Dover, DE, plays a vital role in driving economic growth and prosperity in Central Delaware. By focusing on business attraction and retention programs, the organization actively works to create better employment opportunities for residents of the region. Through its efforts, Kent Economic Partnership Inc serves as a premier economic engine, facilitating the expansion and success of businesses within the community. Its impact is felt through the promotion of sustainable growth and development, ultimately contributing to the overall improvement of the local economy and quality of life for Central Delaware residents.
This information is meant to be a general summary of Kent Economic Partnership 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.
- Gross Receipts: $456,750
Assets and Liabilities:
- Total Assets: $532,641
- Total Liabilities: $0
- Net Assets: $532,641
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Organization Details
Founding Year
2009
Principal Officer
Gregg Moore
Main Address
555 BAY ROAD, DOVER, DE, 19901
NTEE Category
Code: S30 - Community improvement
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