Overview
What is Otsego County Economic Alliance Inc?
Otsego County Economic Alliance Inc, based in Gaylord, Michigan, is a nonprofit organization dedicated to promoting economic growth and enhancing the quality of life in Otsego County. They work towards this mission by fostering public-private partnerships and engaging with over 50 local businesses to aid in economic development, focusing on employment stabilization and creation. Their ultimate goal is to create a thriving and vibrant community in Otsego County, Michigan. The organization has a modest workforce of 3 employees.
Official website here: www.gaylord-otsego.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 83%, Three-Star out of Four Star Rating.
The Otsego County Economic Alliance Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a high program expense ratio of 94.57%, which suggests that a significant portion of its budget is dedicated to its mission-driven activities rather than administrative costs. Furthermore, the board is fully independent, with all members meeting the criteria for independence, which enhances the organization's governance.
While the organization demonstrates strong performance in several areas, it does have notable limitations. The absence of a whistleblower policy and a document retention and destruction policy indicates potential weaknesses in transparency and risk management. These gaps could impact stakeholder confidence and the organization's overall accountability.
Overall, the Otsego County Economic Alliance Inc shows commendable financial practices and governance but should address its policy deficiencies to enhance trust and operational integrity within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Otsego County Economic Alliance Inc legitimate?
Otsego County Economic Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Otsego County Economic Alliance 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: $86,974
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,633
For more financial information, click here
Official website here: www.gaylord-otsego.com
What is the mission statement of Otsego County Economic Alliance Inc?
The Otsego County Economic Alliance Inc aims to foster economic growth and improve the quality of life in a given region, through collaborative partnerships between public and private sectors. Specifically, they engage with over 50 existing businesses to support economic development, focusing on employment stabilization and creation. Their mission is geared towards enhancing the local economy while enhancing the overall well-being of the community.
Official website here: www.gaylord-otsego.com
Who is the CEO of Otsego County Economic Alliance Inc?
Nick Florian is the Director of Otsego County Economic Alliance Inc.
Official website here: www.gaylord-otsego.com
What is the revenue of Otsego County Economic Alliance Inc?
Otsego County Economic Alliance Inc's revenue in 2022 was $190,422.
Official website here: www.gaylord-otsego.com
Who are the executives of Otsego County Economic Alliance Inc and what are their salaries?
The average compensation at Otsego County Economic Alliance Inc during 2022 was $51,202. There are 3 employees at Otsego County Economic Alliance Inc.
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Official website here: www.gaylord-otsego.com
Where can I find the form 990 for Otsego County Economic Alliance Inc?
Otsego County Economic Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gaylord-otsego.com
Learn more at the official website: www.gaylord-otsego.com
Mission Statement of Otsego County Economic Alliance Inc
The Otsego County Economic Alliance Inc, a notable organization, is dedicated to fostering economic growth and improving the overall quality of life in Otsego County. Through strategic public and private partnerships, they strive to accomplish this mission. Their primary focus is on promoting economic development, which encompasses efforts to stabilize employment and create new jobs. They engage in regular communication with over 50 existing businesses to facilitate these objectives.
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Impact
June, 2024
Otsego County Economic Alliance Inc champions economic growth while enhancing the quality of life in Otsego County through public/private partnerships. The organization communicates with over 50 existing businesses to assist with economic development, including employment stabilization and creation. Through its efforts, Otsego County Economic Alliance Inc has a direct impact on the local economy by fostering business growth and creating job opportunities in the community.
This information is meant to be a general summary of Otsego County Economic Alliance 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: $113
- Program Service Revenue: $55,550
- Gross Receipts: $203,208
Assets and Liabilities:
- Total Assets: $100,694
- Total Liabilities: $5,274
- Net Assets: $95,420
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOCAL GOVERNMENT CONTR
Revenue
$39,140
ANNUAL PARTNER CELEBRA
Revenue
$16,410
Organization Details
Founding Year
2001
Phone
(989) 731-0288Principal Officer
Nick Florian
Main Address
225 W MAIN ST 105, GAYLORD, MI, 49735
Website
www.gaylord-otsego.comNTEE Category
Code: C99 - Environment
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