Overview
What is East Chicago Urban Enterprise Association Inc?
East Chicago Urban Enterprise Association Inc is a nonprofit organization situated in East Chicago, Indiana, with a focus on promoting economic growth within the city. Their mission encompasses supporting local residents and businesses through partnerships and incentives, with the aim of improving long-term economic growth, encouraging investment, enhancing community development, and establishing an international reputation as an engine for economic development in East Chicago. The organization, with a team of three individuals, actively partners in the city's economic decision-making process and works towards fostering a skilled employment base and a thriving local economy.
Official website here: www.eastchicagouea.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The East Chicago Urban Enterprise Association Inc has received a solid Three-Star rating, indicating a fair level of performance in terms of accountability and finance. The organization achieved a score of 76%, primarily driven by its strong accountability measures. The charity showcases a fully independent board, with all 10 members not having any material diversion of assets, contributing positively to its financial integrity.
The organization excels in several areas, such as its high program expense ratio of 91.25%, meaning that a significant portion of its expenditures goes directly to programs rather than administrative costs. Additionally, it has successfully maintained transparency by ensuring the availability of board meeting minutes and tax forms on its website. However, it falls short in several governance policies, notably lacking a conflict of interest policy and a whistleblower policy, which are important for maintaining trust and accountability.
While the East Chicago Urban Enterprise Association Inc demonstrates commendable financial practices and board independence, the absence of key governance documents highlights areas for improvement. Addressing these gaps could enhance the organization's overall rating and stakeholder confidence in its operations. For more details, visit their profile on Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is East Chicago Urban Enterprise Association Inc legitimate?
East Chicago Urban Enterprise Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Chicago Urban Enterprise Association 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: $35,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,271
For more financial information, click here
Official website here: www.eastchicagouea.org
What is the mission statement of East Chicago Urban Enterprise Association Inc?
The East Chicago Urban Enterprise Association Inc's mission is to foster economic growth within its operational area. The organization aims to achieve this by encouraging business and residential investment and redevelopment, promoting the local economy, improving the skill level of the local employment base, and enhancing community development. It also seeks to establish new partnerships and strengthen existing ones in support of local economic development. Furthermore, the association aims to build an international reputation as an engine of economic development within its jurisdiction.
Official website here: www.eastchicagouea.org
What is the revenue of East Chicago Urban Enterprise Association Inc?
East Chicago Urban Enterprise Association Inc's revenue in 2023 was $37,662.
Official website here: www.eastchicagouea.org
Who are the executives of East Chicago Urban Enterprise Association Inc and what are their salaries?
The average compensation at East Chicago Urban Enterprise Association Inc during 2023 was $36,224. There are 3 employees and 10 volunteers at East Chicago Urban Enterprise Association Inc.
Here are 10 key members and their salaries:
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
Official website here: www.eastchicagouea.org
Where can I find the form 990 for East Chicago Urban Enterprise Association Inc?
East Chicago Urban Enterprise Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.eastchicagouea.org
Learn more at the official website: www.eastchicagouea.org
Mission Statement of East Chicago Urban Enterprise Association Inc
The East Chicago Urban Enterprise Association Inc is committed to fostering economic growth within its community. Their mission is to support the residents and businesses within East Chicago, Indiana, including the former East Chicago Urban Enterprise Zone, through partnerships and incentives. They have set three specific objectives to achieve this mission. Firstly, they aim to improve long-term economic growth by encouraging business and residential investment and redevelopment. This involves promoting the local economy, improving the skill level of the local employment base, and enhancing community development.
Secondly, the East Chicago Urban Enterprise Association Inc seeks to develop new partnerships and enhance existing ones in support of local economic development. They aim to become an active partner in the economic decision-making process of the city of East Chicago.
Lastly, the organization strives to establish an international reputation as an engine of economic development in East Chicago. This objective reflects their ambition to contribute significantly to the city's economic growth on a global scale. In essence, the East Chicago Urban Enterprise Association Inc is dedicated to improving the economic well-being of its community through strategic partnerships, incentives, and a focus on long-term growth.
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Impact
October, 2024
The East Chicago Urban Enterprise Association Inc. significantly impacts economic growth and community development in East Chicago, Indiana. By fostering partnerships and providing tax incentives, the organization supports both residents and local businesses within the East Chicago Enterprise Zone.
One of its primary objectives is to stimulate long-term economic growth by encouraging investment in the area. This involves promoting local businesses, enhancing residential investment, and facilitating redevelopment efforts that improve the overall economic landscape. The Association focuses on elevating the skill level of the local workforce, which strengthens employment opportunities and contributes to a more robust local economy.
Additionally, the organization actively develops new partnerships and strengthens existing ones to champion local economic initiatives. By becoming a vital player in the economic decision-making process, it helps steer resources and attention towards community needs and aspirations.
Overall, the East Chicago Urban Enterprise Association Inc. is dedicated to establishing an international reputation for its role in driving economic development, thereby enhancing the quality of life for all residents in East Chicago and positioning the city for future growth.
This information is meant to be a general summary of East Chicago Urban Enterprise Association 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 2023.
- Investment Income: $23,987
- Program Service Revenue: $1,649
- Gross Receipts: $363,314
Assets and Liabilities:
- Total Assets: $5,035,841
- Total Liabilities: $2,600,224
- Net Assets: $2,435,617
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES FOR TA
Revenue
$1,649
Organization Details
Founding Year
1989
Principal Officer
Terrence Velligan
Website
www.eastchicagouea.orgNTEE Category
Code: S310 - Community improvement
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