Overview
What is Community Economic Development Associates?
Community Economic Development Associates (CEDA) is a nonprofit organization based in Chatfield, Minnesota. With a team of 52 professionals, their mission is to empower people and communities in rural areas to shape their economic futures. They offer rehabilitation grant assistance and business and economic development aid to 40 communities and 7 counties within Minnesota, Iowa, and Wisconsin. This encompasses assisting in grant and loan applications for local businesses and government infrastructure, as well as coordinating cooperative efforts between communities and businesses. CEDA serves as a locally governed support team, providing expertise and capacity building for rural economic regeneration and revitalization.
Official website here: www.cedausa.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 88% (Three-Star out of Four Stars)
Community Economic Development Associates has received a solid Three-Star rating from Charity Navigator, reflecting a strong performance in the accountability and finance category. The organization scored particularly well for its independent board composition, audit and oversight practices, and a low liabilities to assets ratio, indicating a healthy financial standing. The high program expense ratio suggests that a significant portion of their resources is directed towards their programs, which is a positive sign for potential donors.
However, there are some areas where Community Economic Development Associates could improve. Notably, the absence of a whistleblower policy and document retention and destruction policies may raise concerns about governance practices. Additionally, the organization did not post its tax form on its website as required, which could affect transparency with stakeholders.
Overall, while the nonprofit demonstrates strong financial management and accountability, addressing the noted governance issues could enhance its credibility and operational integrity, making it even more appealing to current and prospective supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Community Economic Development Associates?
100% of 10 reviewers on Facebook recommend Community Economic Development Associates. Here is a summary of their evaluations:
The overwhelming sentiment is highly positive, with users expressing gratitude for the organization’s impactful work in the region. Reviewers appreciate the dedication and support provided by the nonprofit, highlighting its effectiveness in addressing community needs.
Overall, people feel that Community Economic Development Associates truly makes a difference, demonstrating a strong commitment to improving the local economy and supporting residents. The organization seems to be reliable, showing consistent dedication to its mission.
This AI summary has been generated from reviews found on Facebook.
Is Community Economic Development Associates legitimate?
Community Economic Development Associates is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Economic Development Associates 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: $151,497
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,043,795
For more financial information, click here
Official website here: www.cedausa.com
What is the mission statement of Community Economic Development Associates?
Community Economic Development Associates (CEDA) is an organization aimed at assisting individuals and communities in rural areas to take charge of their economic futures. Serving 40 communities and seven counties, CEDA functions as a team of community and economic development experts, offering capacity building for economic regeneration and revitalization. The organization provides grant and loan application assistance for local businesses and infrastructure projects, and facilitates cooperative efforts among communities and businesses within Minnesota, Iowa, and Wisconsin. CEDA's mission is to empower rural communities to shape their economic destiny, fostering sustainable growth and development.
Official website here: www.cedausa.com
Who is the CEO of Community Economic Development Associates?
Ron Zeigler is the Director of Community Economic Development Associates.
Official website here: www.cedausa.com
What is the revenue of Community Economic Development Associates?
Community Economic Development Associates's revenue in 2022 was $2,607,909.
Official website here: www.cedausa.com
Who are the executives of Community Economic Development Associates and what are their salaries?
The average compensation at Community Economic Development Associates during 2022 was $42,217. There are 52 employees at Community Economic Development Associates.
Here are 9 key members and their salaries:
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- Compensation: $138,730
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- Other: $12,767
- Compensation: $104,467
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Official website here: www.cedausa.com
Where can I find the form 990 for Community Economic Development Associates?
Community Economic Development Associates's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cedausa.com
Learn more at the official website: www.cedausa.com
Mission Statement of Community Economic Development Associates
Community Economic Development Associates (CEDA) is a locally governed team of community and economic development professionals, committed to aiding people and communities in rural areas in gaining control over their economic destinies. The organization's mission is to offer expertise and capacity building services for the regeneration and revitalization of rural economies. CEDA provides assistance in several capacities, including rehabilitation grant assistance and business and economic development support to 40 communities and 7 counties. The team assists in the application process for grants and loans for local businesses and government infrastructure, and coordinates various cooperative efforts between communities and businesses within Minnesota, Iowa, and Wisconsin. In essence, CEDA works towards empowering rural communities to take charge of their economic growth and development.
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Impact
July, 2024
Community Economic Development Associates has had a significant impact on rural communities in Minnesota, Iowa, and Wisconsin. By providing rehabilitation grant assistance, business and economic development assistance, and helping with applications for grants and loans, CEDA has empowered 40 communities and 7 counties to control their own economic destinies. Through facilitating cooperative efforts between communities and businesses, CEDA has played a key role in promoting economic regeneration and revitalization in rural areas.
This information is meant to be a general summary of Community Economic Development Associates. 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: $7,868
- Program Service Revenue: $2,400,837
- Gross Receipts: $2,607,909
Assets and Liabilities:
- Total Assets: $1,428,858
- Total Liabilities: $180,089
- Net Assets: $1,248,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANT ASSISTANCE FEES
Revenue
$2,400,837
Organization Details
Founding Year
1986
Phone
(507) 867-3164Principal Officer
Ron Zeigler
Main Address
PO BOX 483-1500 S HWY 52, CHATFIELD, MN, 55923
Website
www.cedausa.comNTEE Category
Code: S32Z - Community improvement
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