Overview
What is Polymer Alliance Zone Inc?
Polymer Alliance Zone Inc, based in Davisville, West Virginia, is a nonprofit organization with a mission to stimulate economic growth within the state by positioning West Virginia as an ideal business environment for the global polymer industry. They achieve this goal by fostering partnerships between the private sector, education, and government, implementing strategies to attract investment and create job opportunities within the polymer and plastics sector. The organization actively participates in community and economic development activities, aiming to enhance the competitive edge of the polymer industry in West Virginia. With a dedicated workforce of just one individual, Polymer Alliance Zone Inc remains committed to promoting West Virginia as a premier destination for the polymer industry.
Official website here: www.pazwv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
Polymer Alliance Zone Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score of 78% is derived solely from the Accountability & Finance category, where the organization performed well, particularly in areas such as having a fully independent board and effective oversight of financial statements.
Strengths of the organization include a high program expense ratio of 94.10%, suggesting that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, the charity has no reported material diversion of assets and demonstrates strong governance with 100% independent board members.
However, there are some limitations to note. The organization lacks a whistleblower policy and a document retention and destruction policy, which are important for transparency and accountability. Furthermore, the absence of the tax form on the nonprofit's website may hinder potential donors from accessing crucial financial information.
This AI summary has been generated from information found on Charity Navigator.
Is Polymer Alliance Zone Inc legitimate?
Polymer Alliance Zone Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polymer Alliance Zone 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: $133,925
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pazwv.org
What is the mission statement of Polymer Alliance Zone Inc?
Polymer Alliance Zone Inc's mission is to foster community and economic development, with a particular focus on the polymer and plastics industry. This is achieved by encouraging investment and job creation within the sector. The organization aims to develop and promote the Polymer Alliance Zone as an ideal business environment for the polymer industry globally. This is accomplished through partnerships between the private sector, education, and government. The ultimate goal is to stimulate economic growth across a broader context, positioning the polymer industry as a significant contributor to the state's economy.
Official website here: www.pazwv.org
Who is the CEO of Polymer Alliance Zone Inc?
J Keith Burdette is the Secretary of Polymer Alliance Zone Inc. The CEO's salary of Polymer Alliance Zone Inc is $70,000 and their total compensation is $70,000.
Official website here: www.pazwv.org
What is the revenue of Polymer Alliance Zone Inc?
Polymer Alliance Zone Inc's revenue in 2022 was $1,783,944.
Official website here: www.pazwv.org
Who are the executives of Polymer Alliance Zone Inc and what are their salaries?
The average compensation at Polymer Alliance Zone Inc during 2022 was $133,925. There is 1 employee and 21 volunteers at Polymer Alliance Zone Inc.
Here are 23 key members and their salaries (Polymer Alliance Zone Inc's CEO's salary is $70,000 and their total compensation is $70,000):
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- Compensation: $60,082
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- Other: $3,843
- Compensation: $70,000
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Official website here: www.pazwv.org
Where can I find the form 990 for Polymer Alliance Zone Inc?
Polymer Alliance Zone Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pazwv.org
Learn more at the official website: www.pazwv.org
Mission Statement of Polymer Alliance Zone Inc
Polymer Alliance Zone Inc, a nonprofit organization, is committed to fostering community and economic development activities, with a particular focus on encouraging investment and job creation in the polymer and plastics industry. Their mission is to develop and promote the Polymer Alliance Zone as the ideal business environment for this industry on a global scale. This is achieved through strategic partnerships between the private sector, education, and government. By doing so, Polymer Alliance Zone Inc aims to stimulate economic growth throughout the state, positioning it as the leading destination for the polymer industry worldwide.
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Impact
October, 2024
Polymer Alliance Zone Inc plays a vital role in driving economic growth and job creation within the polymer and plastics industry in West Virginia. By effectively planning, operating, and managing community and economic development activities, the organization fosters an environment conducive to investment. Its efforts promote West Virginia as a premier business location for the polymers sector by strategically partnering with private industry, educational institutions, and government entities.
The organization's initiatives contribute significantly to the local economy, enhancing community resilience and vitality. Through collaboration, Polymer Alliance Zone Inc not only encourages innovation and workforce development but also positions the state as a competitive player in the global polymer market. This multifaceted approach not only aids in attracting new businesses but also supports existing enterprises, leading to job creation and economic stability across the region.
This information is meant to be a general summary of Polymer Alliance Zone 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.
- Investment Income: $171,777
- Program Service Revenue: $1,488,967
- Gross Receipts: $1,783,944
Assets and Liabilities:
- Total Assets: $23,786,446
- Total Liabilities: $15,168,771
- Net Assets: $8,617,675
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE AND UTILITIES IN
Revenue
$1,488,967
Organization Details
Founding Year
1997
Phone
(304) 428-1622Principal Officer
J Keith Burdette
Main Address
1 POLYMER WAY, DAVISVILLE, WV, 26142
Website
www.pazwv.orgNTEE Category
Code: S30 - Community improvement
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