Overview
What is East County Economic Development Council Foundation?
The East County Economic Development Council Foundation is a nonprofit organization with a mission to offer financial and communal assistance to young individuals aspiring to build careers in trades, applied arts, and technology. This philanthropic entity is dedicated to conducting research, providing education, and offering training opportunities. By doing so, they aim to foster a supportive environment for these young talents, enabling them to achieve their goals in these fields.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The East County Economic Development Council Foundation has received a 73% rating from Charity Navigator, resulting in a Two-Star designation. This rating reflects a focus on accountability and finance, where the organization scored particularly well in areas such as independent board governance and financial ratios. The lack of material diversion of assets and a strong program expense ratio indicate efficient use of resources.
Strengths highlighted by the rating include a fully independent board and a commendable liabilities-to-assets ratio. Additionally, the organization documents its board meeting minutes effectively, contributing to transparency. However, significant limitations are noted, particularly concerning several missing policies and documents that are critical for establishing full accountability. These include the absence of a conflict of interest policy, whistleblower policy, and missing tax forms on the nonprofit's website.
While the foundation demonstrates strong financial management, the missing governance and accountability documents could pose challenges to stakeholder trust. Improved compliance in these areas could potentially enhance its rating in the future and better assure donors of its commitment to transparency and ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is East County Economic Development Council Foundation legitimate?
East County Economic Development Council Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East County Economic Development Council Foundation 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 East County Economic Development Council Foundation?
The East County Economic Development Council Foundation's mission is centered around providing financial and communal assistance for emerging talent in the fields of trades, applied arts, and technology. Their primary activity involves conducting research, offering educational programs, and providing training opportunities to support these young individuals in their pursuits. The foundation's aim is to foster growth in these sectors, thereby contributing to the wider community.
Who is the CEO of East County Economic Development Council Foundation?
James Sly is the Chairman of East County Economic Development Council Foundation. The CEO's salary of East County Economic Development Council Foundation is $0 and their total compensation is $0.
What is the revenue of East County Economic Development Council Foundation?
East County Economic Development Council Foundation's revenue in 2022 was $40,359.
Who are the executives of East County Economic Development Council Foundation and what are their salaries?
Here are 4 key members and their salaries (East County Economic Development Council Foundation's CEO's salary is $0 and their total compensation is $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
Where can I find the form 990 for East County Economic Development Council Foundation?
East County Economic Development Council Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of East County Economic Development Council Foundation
The East County Economic Development Council Foundation is dedicated to a mission that involves providing financial and communal aid for young individuals who are eager to build their futures in the trades, applied arts, and technology. This nonprofit organization undertakes research, education, and training initiatives as part of its mission to support these aspiring young professionals. By doing so, it contributes to nurturing the next generation of skilled workers in these fields, thereby fostering growth and development in these sectors.
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Impact
August, 2024
The East County Economic Development Council Foundation's impact can be seen through its scholarship fund that provides financial and community support for young individuals pursuing a future in the trades, applied arts, and technology. This initiative not only helps these individuals access education and training but also contributes to the development of a skilled workforce in these important sectors. Additionally, the foundation's research, education, and training activities further support economic development and employment opportunities in its community.
This information is meant to be a general summary of East County Economic Development Council Foundation. 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: $4
- Gross Receipts: $40,359
Assets and Liabilities:
- Total Assets: $40,909
- Total Liabilities: $3,350
- Net Assets: $37,559
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Organization Details
Founding Year
2002
Principal Officer
James Sly
Main Address
127 EAST LEXINGTON AVE, EL CAJON, CA, 92020
NTEE Category
Code: J20 - Employment
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