Overview
What is Economic Development Corporation Of Wayne County Indiana?
The Economic Development Corporation of Wayne County Indiana is a nonprofit organization, situated in Richmond, Indiana. With a team of seven dedicated individuals, their primary mission is to foster and strengthen economic growth and expansion within the Wayne County area. Their activities are geared towards promoting economic development, which they achieve through various means. While specific details about their programs and initiatives are not provided, the general goal is to contribute positively to the local economy and community development in Wayne County, Indiana.
Official website here: www.whywaynecounty.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Stars
The Economic Development Corporation of Wayne County Indiana has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored particularly well on metrics such as having a fully independent board and demonstrating strong financial oversight, reflecting a commitment to transparency and responsible governance.
Strengths noted include a perfect score in board independence and financial statement oversight, as well as a strong program expense ratio of 70.14%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. The absence of any material diversion of assets further underscores the organization’s financial integrity.
However, the organization is marked down for missing a whistleblower policy and document retention and destruction policies, which may indicate areas for improvement in governance practices. Despite these limitations, the overall financial health and operational transparency of the Economic Development Corporation of Wayne County indicate a well-managed nonprofit focused on economic development in the region.
This AI summary has been generated from information found on Charity Navigator.
Is Economic Development Corporation Of Wayne County Indiana legitimate?
Economic Development Corporation Of Wayne County Indiana is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Development Corporation Of Wayne County Indiana 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: $136,995
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,585
For more financial information, click here
Official website here: www.whywaynecounty.com
What is the mission statement of Economic Development Corporation Of Wayne County Indiana?
The Economic Development Corporation of Wayne County Indiana has a mission to foster and encourage economic development, growth, and expansion within its operational area. This organization is committed to promoting a thriving economic landscape by providing support and resources for businesses and the community at large. Their goal is to drive economic progress and expansion within the specified region, contributing to its overall prosperity and development.
Official website here: www.whywaynecounty.com
Who is the CEO of Economic Development Corporation Of Wayne County Indiana?
Valerie Shaffer is the Chair of Economic Development Corporation Of Wayne County Indiana.
Official website here: www.whywaynecounty.com
What is the revenue of Economic Development Corporation Of Wayne County Indiana?
Economic Development Corporation Of Wayne County Indiana's revenue in 2022 was $724,293.
Official website here: www.whywaynecounty.com
Who are the executives of Economic Development Corporation Of Wayne County Indiana and what are their salaries?
The average compensation at Economic Development Corporation Of Wayne County Indiana during 2022 was $50,940. There are 7 employees and 12 volunteers at Economic Development Corporation Of Wayne County Indiana.
Here are 13 key members and their salaries:
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- Compensation: $122,527
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- Other: $14,468
Official website here: www.whywaynecounty.com
Where can I find the form 990 for Economic Development Corporation Of Wayne County Indiana?
Economic Development Corporation Of Wayne County Indiana's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.whywaynecounty.com
Learn more at the official website: www.whywaynecounty.com
Mission Statement of Economic Development Corporation Of Wayne County Indiana
The Economic Development Corporation of Wayne County Indiana, in its mission, strives to foster and bolster economic development, growth, and expansion within its designated area. This nonprofit organization is committed to promoting a thriving economic landscape within Wayne County, Indiana, thereby contributing to the overall well-being and progress of the local community. By supporting businesses and attracting new industries, the Economic Development Corporation of Wayne County Indiana aims to drive growth and expansion, ultimately enhancing the economic vitality of the region.
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Impact
October, 2024
The Economic Development Corporation of Wayne County, Indiana plays a crucial role in fostering economic growth and expansion in the region. By focusing on the promotion and support of economic development, the organization enhances the overall business environment, attracting new investments and encouraging local businesses to thrive.
This initiative not only contributes to job creation but also strengthens the community's infrastructure and resources. Through various programs and partnerships, the corporation works to identify opportunities for development, ensuring that Wayne County remains competitive in attracting diverse industries. The impact is evident in the improved quality of life for residents, as a stronger economy leads to enhanced services, better education, and increased opportunities for individuals and families alike.
Furthermore, the organization's efforts in community improvement bolster local businesses and support entrepreneurship, creating a vibrant ecosystem that nurtures innovation and sustainability. Ultimately, the Economic Development Corporation of Wayne County is instrumental in shaping a prosperous and resilient economic landscape for the area.
This information is meant to be a general summary of Economic Development Corporation Of Wayne County Indiana. 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: $186
- Gross Receipts: $724,293
Assets and Liabilities:
- Total Assets: $96,102
- Total Liabilities: $0
- Net Assets: $96,102
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Organization Details
Founding Year
1993
Phone
(765) 983-4769Principal Officer
Valerie Shaffer
Main Address
PO BOX 1919, RICHMOND, IN, 47375
Website
www.whywaynecounty.comNTEE Category
Code: S31Z - Community improvement
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