Overview
What is Huntington County United Economic Development Corporation?
Huntington County United Economic Development Corporation is a nonprofit organization situated in Huntington, Indiana, specifically at 8 West Market Street. Its primary mission is to stimulate economic growth in Huntington County. This involves actively engaging in economic development activities, aiming to foster a thriving local economy. With a modest workforce of two dedicated individuals, the corporation works tirelessly to drive and support various economic development initiatives within the county.
Official website here: www.hcued.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
The Huntington County United Economic Development Corporation has earned a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial transparency. The overall score is derived solely from the Accountability & Finance beacon, where the organization scored an impressive 94%. This high rating reflects the nonprofit's commitment to responsible financial management and governance.
Strengths of the organization include a fully independent board, ensuring that decision-making is free from conflicts of interest. The nonprofit has also demonstrated robust oversight with a well-established audit and oversight committee, complemented by policies for whistleblowing and document retention. Additionally, its program expense ratio stands out at 96.11%, suggesting that a significant portion of funding directly supports its mission-related activities.
While the report does not highlight major limitations, the liabilities to assets ratio of 52.19% indicates that the organization carries a moderate level of debt relative to its assets. Nonetheless, the strong financial practices and governance structures in place position the Huntington County United Economic Development Corporation as a trustworthy entity for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Huntington County United Economic Development Corporation legitimate?
Huntington County United Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Huntington County United Economic Development Corporation 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: $109,098
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,743
For more financial information, click here
Official website here: www.hcued.com
What is the mission statement of Huntington County United Economic Development Corporation?
The Huntington County United Economic Development Corporation is dedicated to fostering economic growth and development within its jurisdiction. Its primary objective is to promote economic activities in Huntington County, Indiana. The corporation works towards enhancing the local economy by implementing various development strategies. Its mission can be summarized as an ongoing commitment to stimulating economic growth and improvement in Huntington County.
Official website here: www.hcued.com
Who is the CEO of Huntington County United Economic Development Corporation?
Mark Wickersham is the Executive Di of Huntington County United Economic Development Corporation.
Official website here: www.hcued.com
What is the revenue of Huntington County United Economic Development Corporation?
Huntington County United Economic Development Corporation's revenue in 2022 was $645,601.
Official website here: www.hcued.com
Who are the executives of Huntington County United Economic Development Corporation and what are their salaries?
The average compensation at Huntington County United Economic Development Corporation during 2022 was $63,420. There are 2 employees at Huntington County United Economic Development Corporation.
Here are 18 key members and their salaries:
- Compensation: $109,098
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Official website here: www.hcued.com
Where can I find the form 990 for Huntington County United Economic Development Corporation?
Huntington County United Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hcued.com
Learn more at the official website: www.hcued.com
Mission Statement of Huntington County United Economic Development Corporation
Huntington County United Economic Development Corporation, as its name suggests, is dedicated to fostering economic growth in Huntington County, Indiana. Their primary objective is to promote economic development activities within the region. This organization actively works towards creating a thriving economic environment, recognizing the importance of economic development in the overall development of a community. The corporation's mission is to drive economic growth and development, aiming to enhance the prosperity and well-being of the people residing in Huntington County.
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Impact
July, 2024
Huntington County United Economic Development Corporation plays a crucial role in promoting economic development activities in Huntington County, Indiana. Through its efforts, the organization helps stimulate growth, create job opportunities, and improve the overall economic well-being of the community. Its focus on fostering economic development in Huntington County demonstrates a commitment to enhancing the local business environment and supporting the area's economic vitality. By working to attract and retain businesses, the organization contributes to the economic growth and prosperity of Huntington County, ultimately benefiting residents and stakeholders alike.
This information is meant to be a general summary of Huntington County United Economic Development Corporation. 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: $3,910
- Program Service Revenue: $594,614
- Gross Receipts: $645,601
Assets and Liabilities:
- Total Assets: $3,222,342
- Total Liabilities: $1,951,210
- Net Assets: $1,271,132
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PAYMENT ASSISTANCE
Revenue
$347,614
GOVERNMENT SERVICE CONTRACTS
Revenue
$247,000
Organization Details
Founding Year
1983
Phone
(260) 356-5688Principal Officer
Mark Wickersham
Main Address
8 WEST MARKET ST, HUNTINGTON, IN, 46750
Website
www.hcued.comNTEE Category
Code: S30Z - Community improvement
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