Overview
What is San Pablo Economic Development Corporation Inc?
San Pablo Economic Development Corporation Inc is a nonprofit organization situated in San Pablo, California, specifically at 1000 Gateway Avenue 1st Floor, CA 94806. Their primary mission is to foster and strengthen the local economy by providing education and training opportunities for both workforce and businesses. This endeavor aims to diversify and stabilize the economic landscape within the community. The organization currently employs 11 individuals, demonstrating its commitment to serving this purpose.
Official website here: www.sanpabloedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The San Pablo Economic Development Corporation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The rating is based on a 100% score in the Accountability & Finance beacon, indicating rigorous financial management and transparency which is crucial for donor trust and organizational integrity.
Strengths include a fully independent board, which enhances governance quality, and a robust program expense ratio of 78.34%, showcasing that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the organization has established policies for conflict of interest, whistleblower protection, and document retention, contributing to a solid operational framework.
While the organization demonstrates high financial responsibility and governance standards, the summary does not indicate any specific limitations or concerns noted by users. Overall, the metrics suggest a well-managed nonprofit that effectively utilizes funds to achieve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is San Pablo Economic Development Corporation Inc legitimate?
San Pablo Economic Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Pablo Economic Development Corporation 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: $186,710
Professional Fundraising Fees: $0
Other Salaries and Wages: $572,692
For more financial information, click here
Official website here: www.sanpabloedc.org
What is the mission statement of San Pablo Economic Development Corporation Inc?
The San Pablo Economic Development Corporation Inc is committed to enhancing and stabilizing the local economy. They achieve this goal by focusing on education and training for both the workforce and businesses. This approach aims to diversify the economy, thereby fostering its growth and sustainability. The corporation's mission is to serve as a catalyst for economic development, equipping individuals and businesses with the necessary skills and knowledge to thrive in the ever-evolving economic landscape.
Official website here: www.sanpabloedc.org
What is the revenue of San Pablo Economic Development Corporation Inc?
San Pablo Economic Development Corporation Inc's revenue in 2024 was $2,140,981.
Official website here: www.sanpabloedc.org
Who are the executives of San Pablo Economic Development Corporation Inc and what are their salaries?
The average compensation at San Pablo Economic Development Corporation Inc during 2024 was $69,037. There are 11 employees at San Pablo Economic Development Corporation Inc.
Here are 6 key members and their salaries:
- Compensation: $186,710
- 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.sanpabloedc.org
Where can I find the form 990 for San Pablo Economic Development Corporation Inc?
San Pablo Economic Development Corporation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sanpabloedc.org
Learn more at the official website: www.sanpabloedc.org
Mission Statement of San Pablo Economic Development Corporation Inc
San Pablo Economic Development Corporation Inc is dedicated to promoting the growth, diversification, and stability of its local economy. They achieve this mission primarily through education and training programs for both the workforce and businesses within the community. By equipping individuals with the necessary skills and knowledge, and supporting businesses in their growth, the corporation aims to contribute to a stronger and more resilient local economy.
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Impact
October, 2024
San Pablo Economic Development Corporation Inc significantly impacts the local economy by focusing on education and training for both the workforce and businesses. By enhancing skills and knowledge, the corporation empowers individuals and companies to thrive in a competitive marketplace. This effort helps to diversify the economic base of San Pablo, leading to greater stability and resilience against economic fluctuations.
Moreover, the corporation's initiatives contribute to job creation and workforce development, which are essential for fostering a vibrant community. By addressing the educational needs of the workforce and providing businesses with the necessary resources and training, the organization plays a vital role in promoting sustainable economic growth. Its commitment to these objectives ultimately helps improve living standards and housing opportunities, creating a more prosperous environment for residents in San Pablo, CA.
This information is meant to be a general summary of San Pablo Economic Development Corporation 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 2024.
- Investment Income: $93,920
- Program Service Revenue: $1,219,379
- Gross Receipts: $2,140,981
Assets and Liabilities:
- Total Assets: $4,639,177
- Total Liabilities: $1,871,394
- Net Assets: $2,767,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$1,161,672
PROGRAM INCOME
Revenue
$57,707
Organization Details
Founding Year
2011
Principal Officer
Leslay Choy
Website
www.sanpabloedc.orgNTEE Category
Code: L20 - Housing
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