Overview
What is Steuben County Economic Development Corporation?
The Steuben County Economic Development Corporation is a nonprofit organization situated in Angola, Indiana, with a specific address at 903 S Wayne Street, 46703. Established by local leaders, its primary goal is to support the growth and expansion of existing businesses and industries within the county, as well as attract new companies and investments. The organization achieves this mission through various initiatives, such as recruiting new industries, retaining and expanding existing ones, and promoting overall job opportunities in the region. With a commitment to enhancing the quality of life for the citizens of Steuben County, Indiana, the corporation aims to foster responsible business growth, thereby creating more employment opportunities. Currently, the organization employs a team of 19 individuals.
Official website here: www.steubenedc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating. The Steuben County Economic Development Corporation has achieved an overall score of 86%, primarily based on its Accountability & Finance metrics. This score indicates a solid level of financial health and responsible management, which is crucial for maintaining donor trust and ensuring effective program delivery.
Strengths include a fully independent board of directors, with 100% of its members meeting independence standards. The organization showcases strong financial practices, demonstrated by a low liabilities to assets ratio of 3.27% and a program expense ratio of 76.17%, indicating that a significant portion of its expenditures directly supports its programs. Additionally, the presence of key policies such as conflict of interest and the availability of board meeting minutes contribute positively to its accountability profile.
However, there are notable limitations, particularly the absence of a whistleblower policy and a document retention policy, which received zero points in those categories. While the organization demonstrates commendable financial health and governance practices, addressing these policy gaps could enhance overall accountability and transparency, further improving its standing among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Steuben County Economic Development Corporation legitimate?
Steuben County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steuben 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
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Other Salaries and Wages: $179,522
For more financial information, click here
Official website here: www.steubenedc.com
What is the mission statement of Steuben County Economic Development Corporation?
The Steuben County Economic Development Corporation's mission is centered around enhancing the quality of life for its citizens. This is achieved primarily through the creation of enhanced employment opportunities, which stem from the responsible growth of businesses and industries within the corporation's scope. The organization accomplishes this by attracting new companies, supporting the expansion of existing industries, and promoting job development as a whole. The ultimate goal is to foster a thriving economic environment that benefits the community as a whole.
Official website here: www.steubenedc.com
Who is the CEO of Steuben County Economic Development Corporation?
Gary Koester is the Director of Steuben County Economic Development Corporation.
Official website here: www.steubenedc.com
What is the revenue of Steuben County Economic Development Corporation?
Steuben County Economic Development Corporation's revenue in 2022 was $561,883.
Official website here: www.steubenedc.com
Who are the executives of Steuben County Economic Development Corporation and what are their salaries?
The average compensation at Steuben County Economic Development Corporation during 2022 was $9,449. There are 19 employees at Steuben County Economic Development Corporation.
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Official website here: www.steubenedc.com
Where can I find the form 990 for Steuben County Economic Development Corporation?
Steuben County Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.steubenedc.com
Learn more at the official website: www.steubenedc.com
Mission Statement of Steuben County Economic Development Corporation
The Steuben County Economic Development Corporation, established by local leaders, is committed to enhancing the quality of life for the residents of Steuben County, Indiana. It achieves this goal by fostering responsible business and industry growth, which in turn, creates enhanced employment opportunities. The corporation's mission is multifaceted, encompassing the recruitment of new industries, the retention and expansion of existing ones, and the promotion of general job development. By engaging in these economic development efforts, the Steuben County Economic Development Corporation aims to attract new firms and investments to the county, thereby bolstering its economic landscape and providing residents with ample employment opportunities.
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Impact
July, 2024
Steuben County Economic Development Corporation's impact can be seen in the improved quality of life for the citizens of Steuben County, Indiana. By focusing on enhancing employment opportunities through responsible business and industry growth, the corporation plays a vital role in ensuring the stability and expansion of existing industries in the region. Additionally, through its efforts in recruiting new industry, retaining and expanding existing businesses, and promoting job development, the organization contributes significantly to the overall economic development of the county. This, in turn, leads to increased job opportunities, economic stability, and overall community improvement in Steuben County.
This information is meant to be a general summary of Steuben 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: $1,660
- Program Service Revenue: $347,261
- Gross Receipts: $561,883
Assets and Liabilities:
- Total Assets: $993,636
- Total Liabilities: $24,441
- Net Assets: $969,195
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEE INCOME
Revenue
$243,305
IN-KIND RENT
Revenue
$89,256
LEASE INCOME
Revenue
$14,700
Organization Details
Founding Year
2004
Phone
(260) 665-6889Principal Officer
Gary Koester
Main Address
903 S WAYNE STREET, ANGOLA, IN, 46703
Website
www.steubenedc.comNTEE Category
Code: S20 - Community improvement
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