Overview
What is Alliance Area Development?
Alliance Area Development is a nonprofit organization situated in Alliance, Ohio, with a primary focus on boosting the local economy. Their mission involves retaining existing businesses, aiding in their expansion, and attracting new businesses to the area. To accomplish this, they collaborate with local companies, area governments, and economic development initiatives. Their workforce comprises two dedicated individuals, working tirelessly to contribute positively to the Alliance area's business landscape.
Official website here: www.allianceadf.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Stars
Alliance Area Development has received a 57% rating from Charity Navigator, indicating concerns regarding its accountability and financial management. While the organization has achieved perfect scores in several governance areas, including independent board members and compliance policies, its financial performance, particularly its program expense ratio and liabilities to assets ratio, significantly impacts its overall score.
The strengths of Alliance Area Development lie in its solid governance structure, showcasing a fully independent board and comprehensive policies that promote accountability. The organization adheres to best practices in areas like conflict of interest and document retention, which reflects a commitment to transparency and ethical management.
However, the organization's financial health raises red flags, with a program expense ratio of only 43.37%, indicating that a smaller portion of its budget is allocated to direct program services. Additionally, a liabilities to assets ratio of 29.47% suggests potential financial strain, which could affect its sustainability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance Area Development legitimate?
Alliance Area Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance Area Development 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: $86,110
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,191
For more financial information, click here
Official website here: www.allianceadf.com
What is the mission statement of Alliance Area Development?
The Alliance Area Development Foundation's mission is centered around positively impacting the retention of companies, assisting existing businesses in their expansion, and attracting new companies. This is achieved by collaborating with local companies, area governments, and economic development entities. The ultimate goal is to maintain and restore a healthy and vibrant economic and social environment, promoting growth and development in the relevant area.
Official website here: www.allianceadf.com
Who is the CEO of Alliance Area Development?
Doug Schwarz is the Chair of Alliance Area Development.
Official website here: www.allianceadf.com
What is the revenue of Alliance Area Development?
Alliance Area Development's revenue in 2023 was $200,929.
Official website here: www.allianceadf.com
Who are the executives of Alliance Area Development and what are their salaries?
The average compensation at Alliance Area Development during 2023 was $58,150. There are 2 employees and 28 volunteers at Alliance Area Development.
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Official website here: www.allianceadf.com
Where can I find the form 990 for Alliance Area Development?
Alliance Area Development's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.allianceadf.com
Learn more at the official website: www.allianceadf.com
Mission Statement of Alliance Area Development
Alliance Area Development, a notable organization, is committed to positively impacting the retention of existing companies in its domain, aiding in their expansion, and attracting new businesses to the area. By collaborating with local companies, area governments, and economic development entities, Alliance Area Development seeks to foster a robust and thriving economic and social environment. The ultimate goal is to maintain and restore the health and vitality of the community, ensuring a prosperous future for all involved.
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Impact
October, 2024
Alliance Area Development plays a crucial role in enhancing the economic landscape of Alliance, Ohio, and its surrounding regions. By focusing on the retention and expansion of existing businesses, as well as attracting new companies, it aims to create a robust and dynamic local economy. This initiative not only supports local businesses through various forms of assistance but also fosters a healthy business environment that encourages growth and innovation.
The impact of this organization is felt through increased employment opportunities, improved local infrastructure, and a stronger community overall. By engaging with local companies and area governments, Alliance Area Development helps to ensure that the region remains an attractive destination for businesses, which in turn contributes to the overall quality of life for residents. Ultimately, its efforts are centered on creating a sustainable economic future for the Alliance area, benefiting both current and future generations.
This information is meant to be a general summary of Alliance Area Development. 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 2023.
- Investment Income: $12,029
- Gross Receipts: $200,929
Assets and Liabilities:
- Total Assets: $692,780
- Total Liabilities: $204,204
- Net Assets: $488,576
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Organization Details
Founding Year
1999
Phone
(330) 823-0700Principal Officer
Doug Schwarz
Main Address
212 East Main Street E11, Alliance, OH, 44601
Website
www.allianceadf.comNTEE Category
Code: S20 - Community improvement
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