Overview
What is Dekalb County Economic Development Corporation?
The Dekalb County Economic Development Corporation, located at 2179 Sycamore Road STE 102, DeKalb, IL 60115, is a nonprofit organization dedicated to fostering business growth and development within DeKalb County. Their primary mission involves attracting businesses and industries to the county, providing assistance with workforce development, and conducting demographic research and educational activities. In 2021, they managed a record number of 83 development projects, resulting in 9 industrial attraction projects, 3 expansions, and the creation of over 850 jobs. Over the past five years, DCEDC has played a significant role in attracting investments totaling 1.2 billion dollars, leading to the establishment of 6.5 million square feet of space and the creation of 2,500 jobs. With a team of only two employees, DCEDC demonstrates its commitment to supporting the economic growth and development of DeKalb County.
Official website here: www.dcedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Dekalb County Economic Development Corporation has achieved an impressive 96% rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score indicates a commitment to transparency and effective management practices, which can be reassuring for potential donors and stakeholders. The organization has a fully independent board, which enhances its governance and decision-making processes.
Strengths of the organization include a robust Program Expense Ratio of 87.22%, meaning that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the corporation has demonstrated excellent oversight with a perfect score in areas such as its audit and oversight committee, conflict of interest policy, and the retention of board meeting minutes. This overall transparency is crucial for building trust with the community and stakeholders.
Limitations were not noted in the available data, suggesting a solid operational structure without significant concerns reported. The corporation appears to be effectively managing its resources, as evidenced by a low liabilities to assets ratio of 17.26%. Overall, the Dekalb County Economic Development Corporation stands out for its strong governance and focus on program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Dekalb County Economic Development Corporation legitimate?
Dekalb County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dekalb County 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $268,045
For more financial information, click here
Official website here: www.dcedc.org
What is the mission statement of Dekalb County Economic Development Corporation?
The Dekalb County Economic Development Corporation's mission is centered around promoting and facilitating the growth and development of businesses within the county. They strive to attract new businesses and industries, contributing to the county's economic growth. Additionally, they are committed to aiding in workforce development and conducting demographic research and educational activities. Their activities during 2021 resulted in a significant number of development projects, leading to industrial attractions, expansions, and the creation of numerous jobs. Over the past five years, they have successfully attracted substantial investment and created a substantial number of jobs.
Official website here: www.dcedc.org
Who is the CEO of Dekalb County Economic Development Corporation?
Frank Roberts is the President of Dekalb County Economic Development Corporation.
Official website here: www.dcedc.org
What is the revenue of Dekalb County Economic Development Corporation?
Dekalb County Economic Development Corporation's revenue in 2022 was $561,356.
Official website here: www.dcedc.org
Who are the executives of Dekalb County Economic Development Corporation and what are their salaries?
The average compensation at Dekalb County Economic Development Corporation during 2022 was $134,022. There are 2 employees and 40 volunteers at Dekalb County Economic Development Corporation.
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Official website here: www.dcedc.org
Where can I find the form 990 for Dekalb County Economic Development Corporation?
Dekalb County Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dcedc.org
Learn more at the official website: www.dcedc.org
Mission Statement of Dekalb County Economic Development Corporation
The Dekalb County Economic Development Corporation, in its mission, strives to foster and promote business growth and development within DeKalb County. This organization actively works towards attracting businesses and industries to the county, thereby stimulating economic growth. In addition to this, Dekalb County Economic Development Corporation is committed to supporting workforce development, ensuring a skilled and ready labor force for the businesses in the region. Furthermore, the corporation plays a crucial role in conducting demographic research and educational activities, contributing to a well-informed and engaged community.
During 2021, the Dekalb County Economic Development Corporation demonstrated its commitment to its mission by handling a record number of 83 development projects. These projects led to the establishment of 9 industrial attraction projects, 3 expansions, and the creation of over 850 jobs. Over the past 5 years, the corporation has played a significant role in attracting investments worth 1.2 billion dollars, resulting in the creation of over 2,500 jobs and the development of over 6.5 million square feet of space. These accomplishments underscore the Dekalb County Economic Development Corporation's dedication to its mission of promoting and assisting the growth and development of businesses in DeKalb County.
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Impact
July, 2024
Dekalb County Economic Development Corporation's impact is substantial and far-reaching. In 2021 alone, they handled a record number of 83 development projects, which led to the attraction of 9 industrial projects and 3 expansions. These initiatives involved a capital investment of over $130 million in construction, renovation, leasing, or acquisition of 3 projects encompassing over 2.2 million square feet of space. This effort also resulted in the creation of more than 850 jobs.
Over the past 5 years, Dekalb County Economic Development Corporation has played a pivotal role in attracting investments totaling $1.2 billion, contributing to the development of over 6.5 million square feet of space, and the creation of 2,500 jobs. Their proactive approach in promoting and assisting the growth of businesses in Dekalb County, attracting industries to the region, supporting workforce development, and conducting demographic research and educational activities has significantly benefited the local community and economy.
This information is meant to be a general summary of Dekalb County 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: $1,699
- Program Service Revenue: $79,183
- Gross Receipts: $561,356
Assets and Liabilities:
- Total Assets: $550,331
- Total Liabilities: $94,995
- Net Assets: $455,336
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXCOM MEETING
Revenue
$39,818
ENTERPRISE ZONE ADMIN FEE
Revenue
$39,365
Organization Details
Founding Year
1987
Phone
(815) 895-2711Principal Officer
Frank Roberts
Main Address
2179 SYCAMORE ROAD STE 102, DEKALB, IL, 60115
Website
www.dcedc.orgNTEE Category
Code: S30 - Community improvement
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