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Hamilton Economic Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 310955965 ✦ Hamilton, OH ✦ Designated as a 501(c)(3)

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Overview

What is Hamilton Economic Development Corporation?

The Hamilton Economic Development Corporation, situated in Hamilton, Ohio, serves as a key player in fostering economic growth within the community. Based at 201 Dayton Street, this nonprofit organization's primary mission is to coordinate and promote local economic development. They collaborate closely with both the city and county government, offering support to advance the area's economic development endeavors. The corporation's activities are centered around promoting local economic growth, thereby contributing to the betterment of the Hamilton, Ohio area.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating indicates that the Hamilton Economic Development Corporation has room for improvement, particularly in areas that affect its overall financial health and transparency. The rating is based solely on the Accountability and Finance beacon, reflecting the organization's focus on governance rather than programmatic effectiveness.

The organization shows strengths in governance and operational transparency, evidenced by a fully independent board of directors and a strong commitment to documenting board meeting minutes. Financially, it maintains a low liabilities-to-assets ratio and allocates 89% of its expenses to programs, which suggests effective use of resources toward its mission.

Despite these strengths, the Two-Star rating suggests that stakeholders should be cautious and may want to seek further information regarding the organization's overall impact and effectiveness beyond financial management. Enhanced performance in other areas could lead to a more favorable assessment in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Hamilton Economic Development Corporation legitimate?

Hamilton Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hamilton 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Hamilton Economic Development Corporation?

The Hamilton Economic Development Corporation is committed to fostering economic growth within its local community. In this capacity, the corporation acts as a catalyst, coordinating and promoting general economic development initiatives. It collaborates with the city and county government to support local economic development efforts, aiming to contribute positively to the region's economic landscape. The organization's overarching goal is to stimulate economic growth and development, ultimately benefiting the community as a whole.

Who is the CEO of Hamilton Economic Development Corporation?

Dan Bates is the Trustee of Hamilton Economic Development Corporation.

What is the revenue of Hamilton Economic Development Corporation?

Hamilton Economic Development Corporation's revenue in 2022 was $105,981.

Who are the executives of Hamilton Economic Development Corporation and what are their salaries?

There 15 volunteers at Hamilton Economic Development Corporation.


Here are 15 key members and their salaries:


Peter Abner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Bates (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Boyko (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Bumgarner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Connell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mciahel Everett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Guliano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jody Gunderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Hufford (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Kirkpatrick (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Moeller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Mohr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Motley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Stitzel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Ziepfel (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hamilton Economic Development Corporation?

Hamilton Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hamilton Economic Development Corporation

The Hamilton Economic Development Corporation, abbreviated as HEDC, is committed to fostering economic growth in its local community. In essence, its mission is centered around promoting economic development within the Hamilton, Ohio area. This nonprofit organization plays a pivotal role in coordinating and advocating for general economic development within the Hamilton community. It collaborates closely with both the city and county governments, providing assistance in local economic development initiatives. By doing so, HEDC contributes to the betterment of its community, aiming to drive growth and prosperity.

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Impact




October, 2024

The Hamilton Economic Development Corporation plays a vital role in fostering economic growth and enhancing the overall quality of life in the Hamilton, Ohio area. By coordinating and promoting general economic development efforts, it actively supports local businesses and attracts new investments to the community.

Through its initiatives, the organization collaborates with city and county governments, ensuring that policies and programs are in place to facilitate sustainable economic advancement. Its focus on community improvement empowers residents and creates opportunities for employment, innovation, and entrepreneurship. The ongoing efforts to promote local economic development not only strengthen Hamilton's economy but also enhance the vibrancy and attractiveness of the city as a place to live, work, and invest.




This information is meant to be a general summary of Hamilton 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.

Revenue
$105,981 (2022)
Expenses
$125,094 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $27,750
  • Gross Receipts: $105,981

Assets and Liabilities:

  • Total Assets: $68,262
  • Total Liabilities: $6,363
  • Net Assets: $61,899

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$27,750

Organization Details

Founding Year

1979

Principal Officer

Dan Bates

Main Address

201 DAYTON STREET, HAMILTON, OH, 45011

NTEE Category

Code: S31 - Community improvement

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