Overview
What is Santa Clarita Valley Economic Development Corporation?
The Santa Clarita Valley Economic Development Corporation is a nonprofit organization situated in Santa Clarita, California. Their primary mission is to bolster the regional economy by fostering business growth and retention within the Santa Clarita Valley. They achieve this by offering a range of services, including business assistance visits, information about incentives and resources, supporting the Foreign Trade Zone, hosting educational and networking events, marketing efforts, and promoting internship and training programs. Their ultimate goal is to generate high-paying jobs for the local workforce and enhance the Santa Clarita Valley's profile in Northern Los Angeles County, California. With a team of four dedicated individuals, they work tirelessly to promote orderly economic growth and shared economic interests within the valley.
Official website here: www.scvedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Santa Clarita Valley Economic Development Corporation has received an 81% rating from Charity Navigator, which translates to a Three-Star rating. This score primarily reflects the organization's strong performance in the Accountability & Finance category, where it achieved a full score. This indicates a solid level of financial transparency and accountability, essential for fostering trust among stakeholders.
One of the notable strengths of the organization is its governance, with 100% of board members being independent, which promotes unbiased decision-making. Additionally, the organization has demonstrated robust financial health with a program expense ratio of 82.63%, indicating that a significant portion of its expenses is directed towards its programs rather than administrative costs. The absence of any material diversion of assets and the presence of comprehensive policies related to conflict of interest and whistleblowing further enhance its credibility.
However, while the organization showcases commendable financial practices and governance, the rating is solely based on the Accountability & Finance beacon. This limited focus means potential donors should also consider other factors such as impact and effectiveness before making contributions. Overall, the Santa Clarita Valley Economic Development Corporation appears to conduct its operations with a high degree of integrity and accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Santa Clarita Valley Economic Development Corporation?
90% of reviewers on Facebook recommend the Santa Clarita Valley Economic Development Corporation. Here is a summary of their reviews:
Many users appreciate the organization's commitment to empowering the local economy. The positive sentiment highlights the belief that this nonprofit effectively supports businesses and fosters economic growth in the region.
Overall, the feedback indicates satisfaction with the services provided, as users feel the organization is making a significant impact on the economic landscape of the Santa Clarita Valley.
This AI summary has been generated from reviews found on Facebook.
Is Santa Clarita Valley Economic Development Corporation legitimate?
Santa Clarita Valley Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Clarita Valley Economic Development Corporation 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: $187,962
Professional Fundraising Fees: $0
Other Salaries and Wages: $221,909
For more financial information, click here
Official website here: www.scvedc.org
What is the mission statement of Santa Clarita Valley Economic Development Corporation?
The Santa Clarita Valley Economic Development Corporation is dedicated to enhancing the economic well-being of its region. Its mission is to encourage businesses to remain, locate, and develop within the area, thereby promoting orderly economic growth and fostering common economic interests. The corporation supports this goal by offering business development services to local companies, such as business assistance visits, information about incentives and resources, promoting the Foreign Trade Zone, hosting educational and networking events, and marketing to raise awareness of available business services. Additionally, it supports internships and training programs to empower the local workforce. Overall, the corporation's aim is to generate high-paying jobs and boost the region's profile by retaining and attracting businesses.
Official website here: www.scvedc.org
Who is the CEO of Santa Clarita Valley Economic Development Corporation?
Jason S Wagner is the Director of Santa Clarita Valley Economic Development Corporation.
Official website here: www.scvedc.org
What is the revenue of Santa Clarita Valley Economic Development Corporation?
Santa Clarita Valley Economic Development Corporation's revenue in 2022 was $976,784.
Official website here: www.scvedc.org
Who are the executives of Santa Clarita Valley Economic Development Corporation and what are their salaries?
The average compensation at Santa Clarita Valley Economic Development Corporation during 2022 was $102,468. There are 4 employees at Santa Clarita Valley Economic Development Corporation.
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- Compensation: $187,962
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Official website here: www.scvedc.org
Where can I find the form 990 for Santa Clarita Valley Economic Development Corporation?
Santa Clarita Valley Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scvedc.org
Learn more at the official website: www.scvedc.org
Mission Statement of Santa Clarita Valley Economic Development Corporation
The Santa Clarita Valley Economic Development Corporation, abbreviated as SCVEDC, is committed to enhancing the region's general social welfare by fostering a conducive environment for businesses and industries to thrive. Their mission is twofold. Firstly, they strive to encourage existing businesses to remain and grow within the Santa Clarita Valley, and secondly, they aim to attract new businesses to locate and develop within the region. By doing so, SCVEDC contributes to the orderly economic growth and common economic interests of the valley, ultimately raising the profile of the Santa Clarita Valley in Northern Los Angeles County, California.
To achieve their mission, SCVEDC provides a variety of business development services to companies within the Santa Clarita Valley. They offer business assistance visits, providing valuable advice and guidance to help companies grow and expand. SCVEDC also keeps businesses informed about available business incentives and other resources, ensuring they have the necessary support to thrive. Furthermore, SCVEDC supports the Foreign Trade Zone, a crucial facility that facilitates international trade and economic development. They also organize education and networking events, providing opportunities for businesses to connect, learn, and collaborate. Lastly, SCVEDC engages in marketing and communication activities, raising awareness of the available business services and promoting internships and training programs.
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Impact
October, 2024
The Santa Clarita Valley Economic Development Corporation plays a vital role in promoting economic growth and stability within the region. By focusing on the creation of high-paying jobs for the trained workforce, it enhances the overall quality of life for residents. The organization actively engages in business retention and attraction efforts, raising the profile of the Santa Clarita Valley as an ideal place for companies to establish and expand their operations.
Through business assistance visits, the corporation provides critical support to local companies, helping them navigate available incentives and resources. This proactive approach not only bolsters existing businesses but also cultivates an environment conducive to new investment. Additionally, the support for the Foreign Trade Zone fosters international trade opportunities, further diversifying the local economy.
The Santa Clarita Valley Economic Development Corporation also organizes education and networking events that facilitate collaboration among businesses, encouraging innovation and shared growth. By marketing available business services and promoting internships and training programs, the corporation ensures a well-prepared workforce that meets the demands of emerging industries.
Overall, its commitment to fostering economic development leads to a thriving community, reinforcing the common economic interests of the Santa Clarita Valley and contributing to its orderly growth.
This information is meant to be a general summary of Santa Clarita Valley Economic Development Corporation. 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: $1,331
- Program Service Revenue: $115,894
- Gross Receipts: $976,784
Assets and Liabilities:
- Total Assets: $1,045,993
- Total Liabilities: $165,683
- Net Assets: $880,310
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUSINESS DEVELOPMENT S
Revenue
$57,947
BUSINESS ATTRACTION SE
Revenue
$57,947
Organization Details
Founding Year
2009
Phone
(661) 288-4400Principal Officer
Jason S Wagner
Main Address
26455 ROCKWELL CANYON ROAD UCEN 26, SANTA CLARITA, CA, 91355
Website
www.scvedc.orgNTEE Category
Code: S30 - Community improvement
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