Overview
What is Elmore County Economic Development Authority?
Elmore County Economic Development Authority, situated in Wetumpka, Alabama, serves as a dedicated economic development organization. Its primary objective is to foster growth and prosperity within Elmore County, driven by its mission to promote economic development. This involves identifying and implementing strategies to attract new businesses, support existing ones, and ultimately improve the local economy. While the information provided is limited, it's clear that the authority plays a vital role in the community's economic landscape.
Official website here: www.elmoreeda.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. This rating indicates that the Elmore County Economic Development Authority operates with moderate accountability and financial health. A Two-Star rating reflects areas where improvement is needed, especially in enhancing its financial transparency and overall effectiveness in fulfilling its mission.
Strengths of the organization include a variety of strong governance practices, as evidenced by an independent board structure with full compliance in areas such as board size and meeting documentation. The organization demonstrates a solid program expense ratio of nearly 80%, indicating that most of its resources are directed toward its programs rather than administrative costs. Additionally, the liabilities to assets ratio is low, suggesting financial stability.
However, the overall rating suggests some limitations in accountability and transparency that could be improved. While the organization shows strength in certain financial metrics, it may need to focus on enhancing its fundraising strategies and public reporting to elevate its rating. The salaries of key personnel, including the Executive Director, are disclosed, which reflects a degree of transparency but may also raise concerns regarding compensation ratios in relation to the organization's size and revenue.
This AI summary has been generated from information found on Charity Navigator.
Is Elmore County Economic Development Authority legitimate?
Elmore County Economic Development Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elmore County Economic Development Authority 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: $142,359
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.elmoreeda.com
What is the mission statement of Elmore County Economic Development Authority?
The Elmore County Economic Development Authority, being an economic development organization, is committed to fostering growth and progress within Elmore County. Their mission, in essence, is dedicated to driving economic development within the county. This involves identifying opportunities, attracting new businesses, and supporting existing ones to ensure the county's economic prosperity. They strive to create a conducive environment that encourages investment and business growth, ultimately contributing to the overall development and well-being of the community.
Official website here: www.elmoreeda.com
Who is the CEO of Elmore County Economic Development Authority?
Art Faulkner is the Board Member of Elmore County Economic Development Authority.
Official website here: www.elmoreeda.com
What is the revenue of Elmore County Economic Development Authority?
Elmore County Economic Development Authority's revenue in 2023 was $728,154.
Official website here: www.elmoreeda.com
Who are the executives of Elmore County Economic Development Authority and what are their salaries?
Here are 19 key members and their salaries:
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Official website here: www.elmoreeda.com
Where can I find the form 990 for Elmore County Economic Development Authority?
Elmore County Economic Development Authority's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.elmoreeda.com
Learn more at the official website: www.elmoreeda.com
Mission Statement of Elmore County Economic Development Authority
The Elmore County Economic Development Authority, a prominent organization, is dedicated to fostering economic growth within Elmore County. Its mission, in essence, is to drive the economic development of the region, working tirelessly to create opportunities and stimulate economic prosperity. The authority's role extends beyond mere observation; it actively participates in initiatives aimed at enhancing the county's economic landscape, thereby contributing to its overall development.
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Impact
October, 2024
The Elmore County Economic Development Authority plays a critical role in fostering economic growth and enhancing the overall quality of life in Elmore County. By focusing on strategic initiatives that promote business attraction, retention, and expansion, the authority helps create a vibrant economic environment that benefits local residents and businesses alike.
Its efforts in community improvement aim to stimulate job creation, increase investment in the area, and support local industries. Through partnerships with local governments, businesses, and community organizations, the authority drives initiatives that enhance infrastructure, support workforce development, and encourage innovation.
By promoting Elmore County as an attractive destination for businesses, the authority helps to diversify the local economy and ensure sustainable growth. This results in increased economic opportunities, improved community resources, and a better standard of living for all residents. The impact of the Elmore County Economic Development Authority is evident in the strengthened community ties and the vibrant economic landscape it cultivates.
This information is meant to be a general summary of Elmore County Economic Development Authority. 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: -$364,268
- Gross Receipts: $1,542,641
Assets and Liabilities:
- Total Assets: $176,121
- Total Liabilities: $9,554
- Net Assets: $166,567
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Organization Details
Founding Year
2004
Phone
(334) 514-5843Principal Officer
Art Faulkner
Main Address
194 FORT TOULOUSE ROAD B, WETUMPKA, AL, 36092
Website
www.elmoreeda.comNTEE Category
Code: S30 - Community improvement
If you are a representative of Elmore County Economic Development Authority 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.