Overview
What is Erie Basin Rc&D Council Inc?
Erie Basin Rc&D Council Inc is a nonprofit organization, headquartered at 180 Milan Ave Suite 9, Norwalk, Ohio 44857. Their primary mission is to stimulate economic and social growth in a manner that safeguards natural resources. They function as a catalyst for conservation initiatives in the Erie Basin area. Specifically, they offer a Revolving Loan Fund to aid both new and established businesses in purchasing equipment that contributes to job creation, environmental improvement, and economic growth. With a small team of one employee, Erie Basin Rc&D Council Inc plays a crucial role in fostering sustainable development in their region.
Official website here: www.eriebasinrcd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating.
The Erie Basin Rc&D Council Inc has received a score of 57%, which reflects a significant concern regarding its financial accountability and transparency. The rating is based entirely on a single beacon score, which highlights the organization's weaknesses in managing program expenses effectively, as only 30.94% of its budget is allocated to programs. This low program expense ratio contributes to the overall low rating and raises questions about the impact of its efforts.
On a more positive note, the organization demonstrates strong governance practices. It boasts a fully independent board of 29 members and has established essential policies such as conflict of interest, whistleblower protections, and document retention. Additionally, all board meeting minutes are documented, and its website is appropriately listed on its tax form, indicating a commitment to transparency in these areas.
Despite these strengths, the organization's liabilities to assets ratio of 0.15% poses potential risks. The absence of key financial documents on its website, specifically the tax form, further detracts from its accountability score. Overall, while the Erie Basin Rc&D Council Inc shows strong governance, its financial health and program efficiency raise concerns that potential donors and supporters may want to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Erie Basin Rc&D Council Inc legitimate?
Erie Basin Rc&D Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Erie Basin Rc&D Council Inc 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: $37,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.eriebasinrcd.org
What is the mission statement of Erie Basin Rc&D Council Inc?
The Erie Basin Rc&D Council Inc's mission is centered around promoting economic and social development, ensuring it aligns with the protection of natural resources. Acting as a catalyst, the council supports conservation programs in the Erie Basin area. Their activities aim to foster economic growth while also encouraging conservation efforts. One of their initiatives includes a revolving loan fund, which assists both new and existing businesses in purchasing equipment, leading to job creation and improvements in the environment and economy.
Official website here: www.eriebasinrcd.org
Who is the CEO of Erie Basin Rc&D Council Inc?
Jim Sass is the President of Erie Basin Rc&D Council Inc.
Official website here: www.eriebasinrcd.org
What is the revenue of Erie Basin Rc&D Council Inc?
Erie Basin Rc&D Council Inc's revenue in 2022 was $45,380.
Official website here: www.eriebasinrcd.org
Who are the executives of Erie Basin Rc&D Council Inc and what are their salaries?
The average compensation at Erie Basin Rc&D Council Inc during 2022 was $37,440. There is 1 employee and 42 volunteers at Erie Basin Rc&D Council Inc.
Here are 30 key members and their salaries:
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Official website here: www.eriebasinrcd.org
Where can I find the form 990 for Erie Basin Rc&D Council Inc?
Erie Basin Rc&D Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eriebasinrcd.org
Learn more at the official website: www.eriebasinrcd.org
Mission Statement of Erie Basin Rc&D Council Inc
Erie Basin Rc&D Council Inc is an organization dedicated to fostering economic and social growth while safeguarding natural resources. Serving as a catalyst for conservation programs, its mission is to promote sustainable development in the Erie Basin area. The council aims to act as a bridge between economic growth and environmental conservation, ensuring that both aspects coexist harmoniously. By serving as a catalyst, Erie Basin Rc&D Council Inc strives to initiate and support various conservation programs, thereby contributing to the overall well-being of the community.
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Impact
August, 2024
Erie Basin Rc&D Council Inc's impact is evident in its commitment to promoting economic and social development while safeguarding natural resources in the Erie Basin area. By operating a revolving loan fund, the organization assists both new and existing businesses in purchasing equipment that not only creates jobs but also enhances the environment and economy. Through their initiatives, Erie Basin Rc&D Council Inc serves as a catalyst for conservation programs, working towards community improvement in Norwalk, OH, and the surrounding region.
This information is meant to be a general summary of Erie Basin Rc&D Council Inc. 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: $1,190
- Program Service Revenue: $38,580
- Gross Receipts: $45,380
Assets and Liabilities:
- Total Assets: $1,011,537
- Total Liabilities: $1,532
- Net Assets: $1,010,005
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REVOLVING LOAN FUND
Revenue
$35,178
S.K. WORM PROJECT
Revenue
$3,402
Organization Details
Founding Year
1991
Phone
(419) 681-6013Principal Officer
Jim Sass
Main Address
180 MILAN AVE SUITE 9, NORWALK, OH, 44857
Website
www.eriebasinrcd.orgNTEE Category
Code: S990 - Community improvement
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