Overview
What is Oconto County Economic Development Corporation?
The Oconto County Economic Development Corporation is a nonprofit organization situated in Oconto, Wisconsin, specifically at 1113 MAIN STREET. Its primary mission is to stimulate the growth of the local economy by offering support to existing and prospective employers. This includes serving as a professional resource to local government units. Additionally, the corporation promotes tourism opportunities within Oconto County, Wisconsin, aiming to attract new businesses and retain current industries. With a small team of three individuals, the Oconto County Economic Development Corporation plays a vital role in driving economic development and promoting local tourism in the region.
Official website here: www.ocontocounty.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Oconto County Economic Development Corporation has received a strong 96% rating from Charity Navigator, reflecting its high level of accountability and financial health. The organization has achieved a Four-Star rating, indicating that it meets or exceeds industry standards for transparency and effective management of resources. The overall score is based entirely on the Accountability & Finance beacon, showcasing the importance of these factors in evaluating nonprofit performance.
Strengths of the organization include a fully independent board, with all 17 members contributing to its governance. The charity has implemented key policies such as a conflict of interest policy and a whistleblower policy, which further enhance its commitment to ethical practices. Additionally, the organization exhibits a healthy financial structure, with a low liabilities-to-assets ratio and a high percentage of program expenses, indicating that most of its funds are directed towards its mission.
However, while the rating reflects strong financial oversight and governance, it is important for stakeholders to consider the organization's specific programmatic impact and community engagement as additional factors in assessing its overall effectiveness. The lack of detailed information on specific programs may leave some potential donors and supporters wanting more clarity on how their contributions will directly benefit the community.
This AI summary has been generated from information found on Charity Navigator.
Is Oconto County Economic Development Corporation legitimate?
Oconto County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oconto 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: $108,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,526
For more financial information, click here
Official website here: www.ocontocounty.org
What is the mission statement of Oconto County Economic Development Corporation?
The Oconto County Economic Development Corporation's mission is centered around stimulating the local economy. This is achieved by providing support to existing and potential employers, serving as a professional resource to local government units, and promoting tourism opportunities within the county. In essence, their role is to attract new businesses, retain current industries, and boost tourism in the area, contributing to the overall economic growth and development.
Official website here: www.ocontocounty.org
Who is the CEO of Oconto County Economic Development Corporation?
Dave Lally is the Executive Di of Oconto County Economic Development Corporation.
Official website here: www.ocontocounty.org
What is the revenue of Oconto County Economic Development Corporation?
Oconto County Economic Development Corporation's revenue in 2022 was $690,446.
Official website here: www.ocontocounty.org
Who are the executives of Oconto County Economic Development Corporation and what are their salaries?
The average compensation at Oconto County Economic Development Corporation during 2022 was $67,509. There are 3 employees and 17 volunteers at Oconto County Economic Development Corporation.
Here are 18 key members and their salaries:
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Official website here: www.ocontocounty.org
Where can I find the form 990 for Oconto County Economic Development Corporation?
Oconto County Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ocontocounty.org
Learn more at the official website: www.ocontocounty.org
Mission Statement of Oconto County Economic Development Corporation
The Oconto County Economic Development Corporation, in its mission, aims to stimulate the growth of the local economy. This is achieved by providing support to both existing and prospective employers within the region. In addition to this, the corporation serves as a professional resource to local units of government. Furthermore, the organization promotes tourism opportunities within Oconto County, Wisconsin. By attracting new businesses, retaining current industries, and promoting tourism, the Oconto County Economic Development Corporation contributes to the economic development and prosperity of the community it serves.
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Impact
July, 2024
The Oconto County Economic Development Corporation plays a crucial role in stimulating the development of the local economy in Oconto County, Wisconsin. By attracting new businesses, retaining current industries, and promoting tourism, the organization directly contributes to the economic growth and vitality of the region. Additionally, by providing support to existing and prospective employers and serving as a professional resource to local units of government, the corporation helps create a conducive environment for businesses to thrive, which ultimately benefits the entire community. Through its efforts, the Oconto County Economic Development Corporation plays a significant role in driving economic development, job creation, and overall prosperity in the area.
This information is meant to be a general summary of Oconto 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: $3,699
- Program Service Revenue: $406,079
- Gross Receipts: $690,446
Assets and Liabilities:
- Total Assets: $650,148
- Total Liabilities: $53,269
- Net Assets: $596,879
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURISM CONTRACTED SERVICES
Revenue
$197,900
E.D. CONTRACTED SERVICES
Revenue
$140,081
DISCOVERY GUIDE INCOME
Revenue
$46,810
JOINT MARKETING COMMUNITIES
Revenue
$13,500
RENTAL INCOME
Revenue
$7,788
Organization Details
Founding Year
1977
Phone
(920) 834-6969Principal Officer
Dave Lally
Main Address
1113 MAIN STREET, OCONTO, WI, 541530043
Website
www.ocontocounty.orgNTEE Category
Code: S31Z - Community improvement
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