Overview
What is Appalachian Center For Economic Networks Inc?
Appalachian Center For Economic Networks Inc is a community-focused economic development organization situated in Athens, Ohio. Serving the 32 counties of Appalachia Ohio, its mission is to empower local communities by fostering collaboration, innovation, and networking. The center provides essential resources, including training and technical expertise, to a diverse array of small businesses and farmers, contributing to the creation of a dynamic and sustainable regional economy. With a modest workforce of 14 individuals, the organization has successfully housed over 45 small businesses, playing a crucial role in the economic growth of its region.
Official website here: www.acenetworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Star rating.
The Appalachian Center For Economic Networks Inc has received a commendable rating of 93%, indicating strong performance in accountability and finance, with a score of 92. The organization boasts a fully independent board and has demonstrated excellence in oversight and financial management. Notably, it has no reported material diversion of assets, showcasing its commitment to transparency and responsible stewardship of resources.
In addition to its financial strengths, the organization excels in its culture and community engagement, earning a perfect score of 100. This includes effective feedback collection and usage practices, which reflect a strong commitment to stakeholder involvement and responsiveness. The organization’s policies for conflict of interest and document retention align with best practices, enhancing its governance framework.
However, the center is noted to be missing a whistleblower policy, which impacts its overall transparency score slightly. Despite this minor limitation, the organization's high program expense ratio of 91.60% indicates that a significant portion of its resources is directed towards its initiatives, further demonstrating its dedication to its mission and the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Appalachian Center For Economic Networks Inc legitimate?
Appalachian Center For Economic Networks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Appalachian Center For Economic Networks 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: $79,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,260
For more financial information, click here
Official website here: www.acenetworks.org
What is the mission statement of Appalachian Center For Economic Networks Inc?
The Appalachian Center For Economic Networks Inc is a community-focused economic development entity serving 32 counties in Ohio. Its mission is to enhance the capacity of Appalachian communities by fostering collaboration, innovation, and networking, ultimately aiming to establish a dynamic and sustainable regional economy. The organization provides a platform for small businesses, offering them workspace, and offers training and technical expertise to a wide range of small businesses and farmers.
Official website here: www.acenetworks.org
Who is the CEO of Appalachian Center For Economic Networks Inc?
Larry Fisher is the Executive Director of Appalachian Center For Economic Networks Inc.
Official website here: www.acenetworks.org
What is the revenue of Appalachian Center For Economic Networks Inc?
Appalachian Center For Economic Networks Inc's revenue in 2022 was $1,209,382.
Official website here: www.acenetworks.org
Who are the executives of Appalachian Center For Economic Networks Inc and what are their salaries?
The average compensation at Appalachian Center For Economic Networks Inc during 2022 was $34,633. There are 14 employees at Appalachian Center For Economic Networks Inc.
Here are 11 key members and their salaries:
- Compensation: $79,600
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- Other: $2,388
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Official website here: www.acenetworks.org
Where can I find the form 990 for Appalachian Center For Economic Networks Inc?
Appalachian Center For Economic Networks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acenetworks.org
Learn more at the official website: www.acenetworks.org
Mission Statement of Appalachian Center For Economic Networks Inc
The Appalachian Center for Economic Networks Inc is a community-focused economic development entity, dedicated to serving the 32 counties of Appalachia Ohio. Its mission is to empower local communities by fostering collaboration, innovation, and networking, with the ultimate goal of establishing a dynamic and sustainable regional economy. In essence, the organization aims to enhance the capacity of Appalachian communities, encouraging them to work together and devise innovative solutions that drive economic growth.
In pursuit of this mission, the Appalachian Center for Economic Networks Inc provides various resources and supports. It offers workspace to over 45 small businesses, thereby facilitating their growth and development. Additionally, the organization extends its expertise to a broad spectrum of small businesses and farmers through training programs, ensuring they possess the necessary skills to navigate the economic landscape effectively. By fostering such an environment, the Appalachian Center for Economic Networks Inc plays a pivotal role in stimulating economic growth and fostering a robust regional economy.
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Impact
October, 2024
The Appalachian Center for Economic Networks Inc significantly enhances the economic landscape of the 32 counties in Appalachian Ohio by fostering collaboration and innovation among local communities. Its initiatives empower small businesses and farmers through access to training, technical expertise, and a supportive workspace for over 45 enterprises. By building capacity within these communities, the organization actively contributes to the creation of a dynamic, sustainable regional economy, ultimately improving the quality of life for residents and stimulating local economic growth. Such efforts not only strengthen community ties but also promote a collaborative environment where individuals can work together to overcome economic challenges and seize new opportunities.
This information is meant to be a general summary of Appalachian Center For Economic Networks 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.
- Program Service Revenue: $724,084
- Gross Receipts: $1,209,382
Assets and Liabilities:
- Total Assets: $2,992,613
- Total Liabilities: $492,966
- Net Assets: $2,499,647
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCUBATOR SERVICES
Revenue
$385,182
PASS THROUGH
Revenue
$253,442
CONSULTING
Revenue
$85,425
OTHER
Revenue
$35
Organization Details
Founding Year
1985
Principal Officer
Larry Fisher
Main Address
94 COLUMBUS ROAD, ATHENS, OH, 45701
Website
www.acenetworks.orgNTEE Category
Code: S32Z - Community improvement
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