Overview
What is Greater Kokomo Economic Development Alliance Inc?
Greater Kokomo Economic Development Alliance Inc, based in Kokomo, Indiana, is a nonprofit organization dedicated to promoting community prosperity. Their mission involves aligning and leveraging resources to facilitate economic growth. This includes attracting jobs, investment, visitors, and residents, as well as developing, retaining, and attracting talent. They aim to foster an entrepreneurial culture and provide infrastructure for innovators to create and grow businesses. Furthermore, they promote and support efforts to drive investment in quality assets and activities, benefiting both current and future employers and residents. In essence, Greater Kokomo Economic Development Alliance Inc is committed to enhancing the economic well-being of Kokomo and Howard County.
Official website here: www.greaterkokomo.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Greater Kokomo Economic Development Alliance Inc received an overall score of 88%, reflecting a strong performance in accountability and finance. The charity is rated based solely on this beacon score, indicating a solid commitment to transparency and governance, with 100% of its board members being independent. The organization’s financial management is commendable, showcasing a high program expense ratio of nearly 94%, which suggests that a significant portion of its funds directly supports its mission.
Despite these strengths, there are some notable limitations that affect its overall rating. The organization lacks a whistleblower policy and a document retention and destruction policy, both of which are important for ensuring ethical standards and accountability. Additionally, the absence of the tax form on the nonprofit's website may hinder transparency efforts, as access to such documents is vital for stakeholders wishing to evaluate the organization's financial health and operational practices.
Overall, while the Greater Kokomo Economic Development Alliance Inc demonstrates strong governance and effective use of funds, addressing the identified gaps in policy would further enhance its accountability and trustworthiness in the eyes of donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Kokomo Economic Development Alliance Inc legitimate?
Greater Kokomo Economic Development Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Kokomo Economic Development Alliance 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: $84,246
Professional Fundraising Fees: $0
Other Salaries and Wages: $400,747
For more financial information, click here
Official website here: www.greaterkokomo.com
What is the mission statement of Greater Kokomo Economic Development Alliance Inc?
The Greater Kokomo Economic Development Alliance Inc's mission is centered around fostering economic prosperity. They aim to achieve this by aligning and leveraging resources, attracting new investments, encouraging population growth, and supporting the success of local businesses and residents. The alliance also focuses on developing, retaining, and attracting talent to enhance the community, fostering an entrepreneurial culture, and providing infrastructure for innovators to create and grow businesses. Additionally, they promote and support efforts to drive investment in quality assets and activities that benefit current and future employers and residents.
Official website here: www.greaterkokomo.com
Who is the CEO of Greater Kokomo Economic Development Alliance Inc?
Lori Dukes is the Chair of Greater Kokomo Economic Development Alliance Inc. The CEO's salary of Greater Kokomo Economic Development Alliance Inc is $77,908 and their total compensation is $86,287.
Official website here: www.greaterkokomo.com
What is the revenue of Greater Kokomo Economic Development Alliance Inc?
Greater Kokomo Economic Development Alliance Inc's revenue in 2022 was $5,785,033.
Official website here: www.greaterkokomo.com
Who are the executives of Greater Kokomo Economic Development Alliance Inc and what are their salaries?
There 450 volunteers at Greater Kokomo Economic Development Alliance Inc.
Here are 25 key members and their salaries (Greater Kokomo Economic Development Alliance Inc's CEO's salary is $77,908 and their total compensation is $86,287):
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Official website here: www.greaterkokomo.com
Where can I find the form 990 for Greater Kokomo Economic Development Alliance Inc?
Greater Kokomo Economic Development Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greaterkokomo.com
Learn more at the official website: www.greaterkokomo.com
Mission Statement of Greater Kokomo Economic Development Alliance Inc
Greater Kokomo Economic Development Alliance Inc is an organization dedicated to building community prosperity. Their mission is multifaceted, encompassing the alignment and leveraging of resources for this purpose. The Alliance seeks to foster economic prosperity in Kokomo and Howard County through various means, including attracting new investments, encouraging population growth, and supporting the success of local businesses and residents.
In essence, the Greater Kokomo Economic Development Alliance Inc serves as a catalyst for economic growth. They facilitate this growth by attracting jobs, investments, visitors, and residents to the community. The Alliance is also committed to developing, retaining, and attracting talent to enhance the community. By fostering an entrepreneurial culture and providing infrastructure for innovators, they create a conducive environment for businesses to thrive and grow.
In summary, Greater Kokomo Economic Development Alliance Inc plays a vital role in driving investment in quality assets and activities. Their goal is to benefit both current and future employers and residents, ultimately contributing to the overall prosperity of the community.
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Impact
October, 2024
Greater Kokomo Economic Development Alliance Inc plays a crucial role in fostering economic prosperity within the Kokomo and Howard County area. Through initiatives that align, link, and leverage resources, the organization drives economic growth by attracting jobs, investments, visitors, and new residents.
The Alliance focuses on developing, retaining, and attracting talent, which enhances the community's overall appeal and functionality. By fostering an entrepreneurial culture, it provides vital infrastructure for innovators and businesses to thrive, ensuring a vibrant local economy.
The organization also promotes efforts that drive investment in quality assets and activities, benefiting both current residents and future employers. Through its strategic leadership and collaboration, the Greater Kokomo Economic Development Alliance is instrumental in facilitating a prosperous environment that supports local businesses and enhances the quality of life in the region.
This information is meant to be a general summary of Greater Kokomo Economic Development Alliance 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: $3,479
- Program Service Revenue: $69,768
- Gross Receipts: $5,809,414
Assets and Liabilities:
- Total Assets: $5,488,673
- Total Liabilities: $330,572
- Net Assets: $5,158,101
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CEO PROGRAM
Revenue
$69,768
Organization Details
Founding Year
1980
Phone
(765) 457-2000Principal Officer
Lori Dukes
Main Address
700 E FIRMIN ST 200, KOKOMO, IN, 469022350
Website
www.greaterkokomo.comNTEE Category
Code: S31Z - Community improvement
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