Overview
What is Economic Development Corporation Of Elkhart County Inc?
The Economic Development Corporation of Elkhart County Inc, based in Elkhart, Indiana, serves as a catalyst for economic growth in the area. Their primary mission is to foster a vibrant community by attracting and supporting both existing and new businesses. They accomplish this by working collaboratively with companies looking to establish or expand operations in Elkhart County. Additionally, they focus on diversifying and innovating the local economy, providing education and training to individuals joining the workforce. Their activities aim to improve Elkhart County by restoring, creating, and expanding existing businesses, ultimately contributing to a thriving economic landscape.
Official website here: www.elkhartcountybiz.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (74%)
The Economic Development Corporation of Elkhart County Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. With an overall score of 74%, the organization demonstrates strengths in its governance, including a fully independent board and robust financial statement practices. The absence of material asset diversion and the presence of conflict of interest and whistleblower policies contribute positively to its accountability.
However, the organization faces challenges in transparency, as indicated by missing documents related to retention and destruction practices, as well as the lack of posted tax forms on its website. Additionally, while the program expense ratio is at 55.88%, it falls short on the overall scoring, suggesting that there may be room for enhancement in how funds are allocated to programmatic efforts. These limitations highlight areas that the organization needs to address to improve its accountability and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Economic Development Corporation Of Elkhart County Inc legitimate?
Economic Development Corporation Of Elkhart County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Development Corporation Of Elkhart County 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: $139,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $257,960
For more financial information, click here
Official website here: www.elkhartcountybiz.com
What is the mission statement of Economic Development Corporation Of Elkhart County Inc?
The Economic Development Corporation of Elkhart County Inc is dedicated to fostering an economically vibrant community. They achieve this by attracting, retaining, and strengthening businesses, serving as a catalyst for diversification, innovation, and economic transformation. The organization accomplishes its mission by collaborating with companies looking to establish or expand their operations within the county. Additionally, they provide education and training to prepare individuals for the workforce, aiming to improve the county through the restoration, creation, and expansion of existing businesses, as well as attracting new businesses into the area.
Official website here: www.elkhartcountybiz.com
What is the revenue of Economic Development Corporation Of Elkhart County Inc?
Economic Development Corporation Of Elkhart County Inc's revenue in 2023 was $566,586.
Official website here: www.elkhartcountybiz.com
Who are the executives of Economic Development Corporation Of Elkhart County Inc and what are their salaries?
The average compensation at Economic Development Corporation Of Elkhart County Inc during 2023 was $44,109. There are 9 employees at Economic Development Corporation Of Elkhart County Inc.
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- Compensation: $139,020
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Official website here: www.elkhartcountybiz.com
Where can I find the form 990 for Economic Development Corporation Of Elkhart County Inc?
Economic Development Corporation Of Elkhart County Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.elkhartcountybiz.com
Learn more at the official website: www.elkhartcountybiz.com
Mission Statement of Economic Development Corporation Of Elkhart County Inc
The Economic Development Corporation of Elkhart County Inc is committed to fostering an economically thriving community. They achieve this by actively engaging with companies interested in setting up operations or expanding within Elkhart County. The corporation serves as a catalyst, promoting diversification, innovation, and economic transformation. By working with these companies, they strive to bolster the economic base of the community, ultimately contributing to its overall vitality.
In addition to attracting and supporting businesses, the Economic Development Corporation of Elkhart County Inc also focuses on education and workforce training. Their aim is to improve the community by restoring, creating, and expanding existing businesses. Furthermore, they work towards attracting new businesses into the county, thereby contributing to its economic growth.
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Impact
July, 2024
The Economic Development Corporation Of Elkhart County Inc plays a crucial role in creating an economically vibrant community in Elkhart County. By focusing on recruiting, retaining, and strengthening the economic base of the county, this organization serves as a catalyst for diversification, innovation, and economic change. Through their efforts, they aim to improve Elkhart County by providing education and training opportunities for individuals entering the workforce, as well as supporting the restoration, creation, and expansion of existing businesses. Additionally, they work towards attracting new businesses to the county, ultimately contributing to the overall economic growth and development of the region.
This information is meant to be a general summary of Economic Development Corporation Of Elkhart County 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: $6,669
- Program Service Revenue: $17,616
- Gross Receipts: $566,586
Assets and Liabilities:
- Total Assets: $1,003,309
- Total Liabilities: $274,616
- Net Assets: $728,693
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING CLASSES
Revenue
$17,616
Organization Details
Founding Year
1995
Principal Officer
Chris Stager
Website
www.elkhartcountybiz.comNTEE Category
Code: Z99 - Unknown
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