Overview
What is Seneca Industrial & Economic Development Corp?
Seneca Industrial & Economic Development Corp is a nonprofit organization situated in Tiffin, Ohio, specifically at 96 S Washington St STE A, 44883. Their primary mission is to enhance the economic prosperity and overall quality of life for the local community of Tiffin and Seneca County. They achieve this by leading, advocating for, and facilitating initiatives that promote positive economic, community, and downtown development. With a team of seven dedicated individuals, this organization plays a significant role in fostering growth and improvement within the region.
Official website here: www.tiffinseneca.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
Seneca Industrial & Economic Development Corp has received a strong score of 88%, highlighting its commitment to accountability and finance. The rating is based solely on this area, indicating that the organization is well-managed in terms of financial practices, with an impressive program expense ratio of 89.18%, meaning that a significant portion of its expenditures directly support its mission.
The organization boasts a fully independent board, with all eight members meeting the criteria for independence. Additionally, it has thoroughly documented financial statements and policies, contributing to its solid accountability score. However, it is worth noting that the organization lacks a whistleblower policy and document retention guidelines, which are areas that could be improved upon for enhanced governance.
Overall, Seneca Industrial & Economic Development Corp demonstrates strong financial health and governance practices but could benefit from implementing additional policies to bolster its accountability framework. The existing strengths in its board independence and program spending reflect positively on its operational priorities.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Seneca Industrial & Economic Development Corp?
94% of 14 reviewers on Facebook recommend the Seneca Industrial & Economic Development Corp. Here is a summary of their reviews:
Overall, many users express a level of satisfaction with the organization's efforts, indicating a positive impact in certain areas. However, there are concerns surrounding the scope of assistance provided to small businesses, particularly in rural regions. One user specifically pointed out the perceived focus on Tiffin, suggesting that there may be a need for broader outreach and support to other areas in the county.
While the majority of the reviews reflect a favorable view towards the organization, the recurring questions about its reach and effectiveness for smaller enterprises highlight an area for potential improvement. Addressing these concerns could further enhance their reputation and service delivery within the community.
This AI summary has been generated from reviews found on Facebook.
Is Seneca Industrial & Economic Development Corp legitimate?
Seneca Industrial & Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seneca Industrial & Economic Development Corp 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: $147,451
Professional Fundraising Fees: $0
Other Salaries and Wages: $136,735
For more financial information, click here
Official website here: www.tiffinseneca.org
What is the mission statement of Seneca Industrial & Economic Development Corp?
The Seneca Industrial & Economic Development Corp's mission is to enhance the economic prosperity and overall quality of life in an unspecified region, by taking the lead, promoting, and facilitating favorable economic, community, and downtown development. Their primary goal is to stimulate growth in various sectors, contribute to community development, and oversee downtown revitalization projects. This organization plays a crucial role in driving positive change, ultimately aiming to improve the living standards of its community members.
Official website here: www.tiffinseneca.org
Who is the CEO of Seneca Industrial & Economic Development Corp?
Unavailable The CEO's salary of Seneca Industrial & Economic Development Corp is $60,000 and their total compensation is $60,000.
Official website here: www.tiffinseneca.org
What is the revenue of Seneca Industrial & Economic Development Corp?
Seneca Industrial & Economic Development Corp's revenue in 2022 was $581,770.
Official website here: www.tiffinseneca.org
Who are the executives of Seneca Industrial & Economic Development Corp and what are their salaries?
The average compensation at Seneca Industrial & Economic Development Corp during 2022 was $40,598. There are 7 employees and 84 volunteers at Seneca Industrial & Economic Development Corp.
Here are 35 key members and their salaries (Seneca Industrial & Economic Development Corp's CEO's salary is $60,000 and their total compensation is $60,000):
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Official website here: www.tiffinseneca.org
Where can I find the form 990 for Seneca Industrial & Economic Development Corp?
Seneca Industrial & Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tiffinseneca.org
Learn more at the official website: www.tiffinseneca.org
Mission Statement of Seneca Industrial & Economic Development Corp
Seneca Industrial & Economic Development Corp, a prominent organization, is committed to improving the economic well-being and enhancing the quality of life in an unspecified location, presumed to be Tiffin and Seneca County, Ohio. To achieve this mission, the corporation takes the lead, promotes, and facilitates positive developments in the economic, community, and downtown sectors. By doing so, Seneca Industrial & Economic Development Corp aims to contribute significantly to the overall prosperity of the region.
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Impact
July, 2024
Seneca Industrial & Economic Development Corp plays a crucial role in enhancing the economic well-being and quality of life in Tiffin and Seneca County, Ohio. By leading, promoting, and facilitating positive economic, community, and downtown development initiatives, this organization contributes significantly to the growth and prosperity of the region. Through its focused efforts, Seneca Industrial & Economic Development Corp positively impacts the local community by creating opportunities for economic advancement and fostering a vibrant and sustainable environment for residents and businesses alike.
This information is meant to be a general summary of Seneca Industrial & Economic Development Corp. 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: $314
- Program Service Revenue: $88,204
- Gross Receipts: $613,608
Assets and Liabilities:
- Total Assets: $1,652,981
- Total Liabilities: $551,249
- Net Assets: $1,101,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Project Administration Fee Income
Revenue
$64,968
Miscellaneous Income
Revenue
$23,236
Organization Details
Founding Year
1983
Main Address
96 S WASHINGTON ST STE A, TIFFIN, OH, 44883
Website
www.tiffinseneca.orgNTEE Category
Code: S30 - Community improvement
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