Overview
What is Clinton County Economic Advancement Foundation Inc?
Clinton County Economic Advancement Foundation Inc is a nonprofit organization situated in Frankfort, Indiana, specifically at 62 N Main St. Their primary mission is to foster the economic growth and expansion of Clinton County, aiming to increase the local tax base. To achieve this, they invest in initiatives that stimulate the county's economic development. The foundation's activities are centered around this objective, contributing to a thriving and prosperous Clinton County.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Clinton County Economic Advancement Foundation Inc has received a rating of 73%, which indicates a moderate level of accountability and financial health. This rating is primarily derived from the charity's performance in the Accountability & Finance category, where it scored 73%. This score reflects the organization’s adherence to best practices in financial management and transparency.
Strengths of the foundation include a fully independent board, with all 10 members meeting the criteria for independence. The organization also demonstrates excellent practices in financial responsibility, with a liabilities to assets ratio of 0.00%, indicating no debt. Additionally, it maintains a strong program expense ratio of 75.88%, showing that a significant portion of its resources is directed toward its programs.
However, the overall rating is constrained to the Accountability & Finance category, which may limit a comprehensive evaluation of the nonprofit's overall effectiveness or impact. As the organization has not been rated in other areas, potential donors may want to inquire further into its programs and outcomes beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Clinton County Economic Advancement Foundation Inc legitimate?
Clinton County Economic Advancement Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clinton County Economic Advancement Foundation 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.
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What is the mission statement of Clinton County Economic Advancement Foundation Inc?
The Clinton County Economic Advancement Foundation Inc has a mission to foster economic development within Clinton County. Their primary objective is to enhance the county's economic landscape and increase its tax base. Their activities are geared towards promoting economic growth, with the ultimate aim of improving the overall economic well-being of the region. The foundation's efforts are instrumental in attracting business investments, creating job opportunities, and bolstering the local economy.
Who is the CEO of Clinton County Economic Advancement Foundation Inc?
Stan Smith is the Director of Clinton County Economic Advancement Foundation Inc.
What is the revenue of Clinton County Economic Advancement Foundation Inc?
Clinton County Economic Advancement Foundation Inc's revenue in 2022 was $40,169.
Who are the executives of Clinton County Economic Advancement Foundation Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Clinton County Economic Advancement Foundation Inc?
Clinton County Economic Advancement Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clinton County Economic Advancement Foundation Inc
The Clinton County Economic Advancement Foundation Inc is dedicated to fostering economic growth in Clinton County, Indiana. Their primary mission is to promote economic development within the region, with a goal of increasing the county's tax base. The organization actively undertakes initiatives and makes expenditures to achieve this objective, contributing to the overall prosperity and advancement of the community.
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Impact
August, 2024
The Clinton County Economic Advancement Foundation Inc plays a vital role in promoting economic development within Clinton County, Indiana. By focusing on activities that aim to increase the tax base and attract more business opportunities to the area, the foundation contributes significantly to the local economy. Through their mission to enhance economic development, the foundation helps create a more prosperous and vibrant community in Frankfort, Indiana.
This information is meant to be a general summary of Clinton County Economic Advancement Foundation 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: $1,359
- Gross Receipts: $40,169
Assets and Liabilities:
- Total Assets: $418,749
- Total Liabilities: $0
- Net Assets: $418,749
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Organization Details
Founding Year
1985
Phone
(765) 654-5507Principal Officer
Stan Smith
Main Address
62 N MAIN ST, FRANKFORT, IN, 46041
NTEE Category
Code: S31Z - Community improvement
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