Overview
What is The North Eastern Strategic Allianceinc?
The North Eastern Strategic Allianceinc is a nonprofit organization situated in Florence, South Carolina. With a modest workforce of four dedicated individuals, their primary mission is to stimulate economic growth in the northeastern region of South Carolina. Their activities are focused on fostering economic development, contributing positively to the area's economic landscape. However, further details about their specific initiatives, programs, or collaborations were not provided in the provided information.
Official website here: www.scbusinesscorner.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The North Eastern Strategic Allianceinc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial practices. The charity's impressive score is derived entirely from its Accountability & Finance metrics, where it scored 94%. This high rating indicates that the organization maintains robust governance standards and transparency in its financial reporting.
One of the organization's key strengths is its independent board, which comprises 100% independent members. Additionally, it has demonstrated excellent practices in areas such as financial oversight, with no reported material diversion of assets and a high program expense ratio of 89.38%. These factors contribute to the charity's efficiency and effectiveness in utilizing funds for its intended purposes.
However, the organization has a working capital ratio of 0.39 years, which might suggest potential liquidity concerns in the short term. While its fundraising efficiency is strong, with minimal costs incurred, stakeholders may want to monitor this aspect closely to ensure the charity's financial sustainability. Overall, The North Eastern Strategic Allianceinc is recognized for its strong governance and financial health, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is The North Eastern Strategic Allianceinc legitimate?
The North Eastern Strategic Allianceinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The North Eastern Strategic Allianceinc 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: $311,628
Professional Fundraising Fees: $0
Other Salaries and Wages: $255,547
For more financial information, click here
Official website here: www.scbusinesscorner.com
What is the mission statement of The North Eastern Strategic Allianceinc?
The North Eastern Strategic Allianceinc's mission is centered around fostering economic development in a specific region. More specifically, their goal is to stimulate economic growth in the northeastern part of South Carolina. They aim to achieve this by implementing strategies and initiatives that promote business development, job creation, and regional prosperity. By doing so, they contribute to the overall economic well-being of the region and its inhabitants.
Official website here: www.scbusinesscorner.com
What is the revenue of The North Eastern Strategic Allianceinc?
The North Eastern Strategic Allianceinc's revenue in 2024 was $2,516,103.
Official website here: www.scbusinesscorner.com
Who are the executives of The North Eastern Strategic Allianceinc and what are their salaries?
The average compensation at The North Eastern Strategic Allianceinc during 2024 was $113,435. There are 5 employees at The North Eastern Strategic Allianceinc.
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- Compensation: $66,987
- Related: $228,465
- Other: $72,036
Official website here: www.scbusinesscorner.com
Where can I find the form 990 for The North Eastern Strategic Allianceinc?
The North Eastern Strategic Allianceinc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.scbusinesscorner.com
Learn more at the official website: www.scbusinesscorner.com
Mission Statement of The North Eastern Strategic Allianceinc
The North Eastern Strategic Allianceinc, as an organization, is committed to fostering economic growth in the northeastern region of South Carolina. Their mission is centered around encouraging and stimulating economic development in this specific area. This involves taking proactive steps to enhance the region's economic potential, thereby creating opportunities for its inhabitants and businesses. By promoting economic development, the North Eastern Strategic Allianceinc aims to contribute positively to the socio-economic landscape of the region, ultimately improving the quality of life for its residents.
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Impact
October, 2024
The North Eastern Strategic Alliance (NESA) significantly fosters economic development in the northeastern region of South Carolina. By focusing on community improvement, it actively engages in initiatives that enhance local businesses, attract new investments, and create job opportunities. This organization works collaboratively with various stakeholders, including local governments, businesses, and community organizations, to identify growth potential and implement strategies that bolster the region's economic landscape.
NESA's efforts not only stimulate the economic environment but also contribute to improving the overall quality of life for residents in Florence and the surrounding areas. By promoting sustainable development that aligns with the community's needs, it ensures that growth is inclusive and beneficial to all, creating a more vibrant and resilient regional economy.
This information is meant to be a general summary of The North Eastern Strategic Allianceinc. 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: $5,491
- Gross Receipts: $2,516,103
Assets and Liabilities:
- Total Assets: $932,553
- Total Liabilities: $0
- Net Assets: $932,553
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Organization Details
Founding Year
2001
Principal Officer
Jeff Mckay
Website
www.scbusinesscorner.comNTEE Category
Code: S30 - Community improvement
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