Overview
What is College Area Economic Development Corporation?
The College Area Economic Development Corporation is a nonprofit organization situated in San Diego, California, specifically at 4704 College Avenue, 92115. Its primary mission is to serve as a unified platform for its members, empowering each business owner to thrive within the community. The corporation receives financial support from the City of San Diego, primarily for maintaining and landscaping within the College Heights Maintenance Assessment District and for promoting economic development and promotional activities within the College Area Business Improvement District. These endeavors aim to enhance the quality of life in the local neighborhoods. With a team of three dedicated individuals, the College Area Economic Development Corporation plays an essential role in fostering a thriving business environment and improving the overall well-being of the community.
Official website here: www.collegeareasd.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The College Area Economic Development Corporation has received a strong rating of 92%, which indicates a high level of accountability and financial management. This rating is based entirely on their Accountability & Finance score, showcasing their commitment to transparency and responsible stewardship of resources. The organization boasts a fully independent board, with 100% of its members meeting the criteria for independence.
Key strengths include an impressive program expense ratio of 95.33%, indicating that a substantial portion of their funding is directed towards programs rather than administrative costs. They have established robust policies around conflict of interest, whistleblowing, and document retention, all of which contribute to their ethical governance practices. Their transparency is further evidenced by the availability of tax forms and board meeting minutes on their website.
However, the organization has a liabilities to assets ratio of 60.87%, which may suggest some level of financial risk. While this score is not alarming, it highlights the importance of continued monitoring of their financial health to ensure long-term sustainability. Overall, the College Area Economic Development Corporation demonstrates a strong commitment to accountability, but they should remain vigilant in managing their liabilities.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about College Area Economic Development Corporation?
98% of 12 reviewers on Facebook recommend this charity. Here is a summary of their reviews: Many people express a strong appreciation for the College Area Business District, highlighting its commitment to fostering a vibrant community among local businesses.
Individuals particularly value the efforts made to enhance the sense of community, indicating that the nonprofit actively supports collaboration and engagement among businesses in the area. This focus on community building has resonated positively with supporters.
Overall, it appears that the organization effectively delivers on its mission to promote a thriving business environment and a connected community in the College Area, earning high marks from those who engage with their initiatives.
This AI summary has been generated from reviews found on Facebook.
Is College Area Economic Development Corporation legitimate?
College Area Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. College Area 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: $102,685
For more financial information, click here
Official website here: www.collegeareasd.com
What is the mission statement of College Area Economic Development Corporation?
The College Area Economic Development Corporation's mission is centered around providing a unified platform for its members, enabling each business owner to thrive. By serving as a united voice, the corporation aims to foster an environment where businesses can flourish. The organization receives funding from the city of San Diego for maintenance and landscaping within a specific district, as well as for promoting economic development and promotional activities within the College Area Business Improvement District. These initiatives are undertaken to enhance the quality of life in the surrounding neighborhoods.
Official website here: www.collegeareasd.com
Who is the CEO of College Area Economic Development Corporation?
Paul Russo is the President of College Area Economic Development Corporation.
Official website here: www.collegeareasd.com
What is the revenue of College Area Economic Development Corporation?
College Area Economic Development Corporation's revenue in 2023 was $489,551.
Official website here: www.collegeareasd.com
Who are the executives of College Area Economic Development Corporation and what are their salaries?
The average compensation at College Area Economic Development Corporation during 2023 was $34,228. There are 3 employees at College Area Economic Development Corporation.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.collegeareasd.com
Where can I find the form 990 for College Area Economic Development Corporation?
College Area Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.collegeareasd.com
Learn more at the official website: www.collegeareasd.com
Mission Statement of College Area Economic Development Corporation
The College Area Economic Development Corporation's mission is centered around providing a unified voice for its members. This organization aims to empower each business owner within its network, enabling them to thrive and prosper. To accomplish this, the Corporation receives funding from the City of San Diego for maintaining and enhancing the aesthetic appeal of the College Heights Maintenance Assessment District. Additionally, it receives financial support from the city to promote economic development and organize promotional activities within the College Area Business Improvement District. These initiatives are undertaken to enhance the quality of life in the surrounding neighborhoods. By providing these services, the College Area Economic Development Corporation seeks to foster a thriving business environment and contribute to the overall well-being of its members.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
College Area Economic Development Corporation provides a united voice for its members and empowers every business owner to thrive. By receiving funding from the City of San Diego, the organization carries out maintenance and landscaping projects within the College Heights Maintenance Assessment District. Additionally, it promotes economic development and conducts promotional activities within the College Area Business Improvement District to enhance the quality of life in the surrounding neighborhoods. Through its dedicated efforts, the organization contributes to the improvement and growth of the community.
This information is meant to be a general summary of College Area 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $189
- Program Service Revenue: $451,362
- Gross Receipts: $489,551
Assets and Liabilities:
- Total Assets: $167,629
- Total Liabilities: $102,044
- Net Assets: $65,585
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BANNER & COWORK
Revenue
$5,920
BID CONTRACT REVENUE
Revenue
$65,824
MAD CONTRACT REVENUE
Revenue
$351,055
SBEP CONTRACT REVENUE
Revenue
$23,037
SPONSORSHIPS & MIXERS
Revenue
$5,526
Organization Details
Founding Year
1996
Phone
(619) 582-1093Principal Officer
Paul Russo
Main Address
4704 COLLEGE AVENUE, SAN DIEGO, CA, 92115
Website
www.collegeareasd.comNTEE Category
Code: S31 - Community improvement
If you are a representative of College Area Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.