Overview
What is Southern Iowa Economic Development Association?
The Southern Iowa Economic Development Association, also known as SIEDA Community Action, is a nonprofit organization based in Ottumwa, Iowa, with a total workforce of 178 employees. Their mission encompasses addressing the root causes and conditions of poverty through community engagement, economic support, education, partnerships, and various supportive services. One of their primary initiatives includes providing energy assistance to eligible individuals. This program helps to partially cover heating costs for qualified applicants, based on factors such as family income, household size, type of housing, and heating fuel type. The total number of individuals served during the fiscal year 23 reached 5,805. SIEDA Community Action's work extends beyond energy assistance, focusing on a comprehensive approach to uplift those in need by securing opportunities for people with low-income and insufficient resources.
Official website here: www.sieda.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%
The Southern Iowa Economic Development Association (SIEDA) has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With an impressive score of 96 for Accountability & Finance, the organization demonstrates effective financial management practices, including a high program expense ratio of 95.46%, which indicates that a significant portion of its funds is allocated directly to its programs.
SIEDA also excels in collecting and utilizing feedback, receiving a perfect score of 100 in this area, which showcases its dedication to community engagement and responsiveness to stakeholder input. The organization is led by a wholly independent board comprised of 15 members, ensuring diverse oversight and governance.
However, while the equity strategies score of 79 suggests there is room for improvement in addressing equity within its policies and processes, the overall transparency indicated by its comprehensive policies, such as conflict of interest and whistleblower protections, enhances its credibility. The absence of any material diversion of assets further underscores its integrity in operations.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Iowa Economic Development Association legitimate?
Southern Iowa Economic Development Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Iowa Economic Development Association 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: $322,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,461,196
For more financial information, click here
Official website here: www.sieda.org
What is the mission statement of Southern Iowa Economic Development Association?
The Southern Iowa Economic Development Association works with communities to secure opportunities for people in need. Their mission is multifaceted, focusing on addressing the root causes and conditions of poverty through various means. These include community engagement, economic support, education and cognitive development, family support, health and welfare, housing stabilization, and any other activities that benefit individuals with low-income and insufficient resources. The Association's efforts encompass providing energy assistance to help qualified applicants with partial payments for heating costs based on family income, number of individuals in the family, type of housing, and heating fuel used. In the 2023 fiscal year, they served a total of 5,805 individuals through this program.
Official website here: www.sieda.org
Who is the CEO of Southern Iowa Economic Development Association?
Brian Dunn is the Chair of Southern Iowa Economic Development Association.
Official website here: www.sieda.org
What is the revenue of Southern Iowa Economic Development Association?
Southern Iowa Economic Development Association's revenue in 2023 was $15,400,192.
Official website here: www.sieda.org
Who are the executives of Southern Iowa Economic Development Association and what are their salaries?
The average compensation at Southern Iowa Economic Development Association during 2023 was $26,876. There are 178 employees and 797 volunteers at Southern Iowa Economic Development Association.
Here are 21 key members and their salaries:
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Official website here: www.sieda.org
Where can I find the form 990 for Southern Iowa Economic Development Association?
Southern Iowa Economic Development Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sieda.org
Learn more at the official website: www.sieda.org
Mission Statement of Southern Iowa Economic Development Association
Southern Iowa Economic Development Association, or SIEDA, is a community action organization dedicated to making a difference in the lives of those in need. Its mission is multifaceted, encompassing advocacy, counseling, education, partnerships, and supportive services to address the root causes and conditions of poverty.
In practice, this mission translates to a range of impactful initiatives. SIEDA engages communities to secure opportunities for individuals and families facing economic hardships. The organization's efforts extend to economic support, education, cognitive development, family support, health and welfare, housing stabilization, and other projects that benefit those with low-income and insufficient resources.
One of SIEDA's essential programs is the Energy Assistance Program, which assists qualified applicants with partial payments for their heating costs. Applications for this program can be made at any of the Neighborhood Resource Centers. The payment amount is determined by the family's income, the number of individuals in the household, the type of housing, and the heating fuel used. In the most recent fiscal year (FY 23), this program was able to serve a total of 5,805 individuals.
SIEDA's mission is a powerful force for change, bringing relief and resources to those who need them most. By focusing on community engagement, economic support, and a comprehensive range of services, SIEDA is committed to creating a more equitable society where everyone has the opportunity to thrive.
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Impact
October, 2024
The Southern Iowa Economic Development Association (SIEDA) plays a vital role in enhancing the quality of life for individuals and families in the region. Through a range of services, SIEDA addresses the causes and conditions of poverty by advocating for and supporting those in need. One key initiative is the Energy Assistance Program, which helps qualified applicants manage their heating costs. During the fiscal year 2023, this program provided critical support to 5,805 individuals, ensuring that families could maintain safe and secure living conditions during challenging times.
By focusing on community engagement and economic support, SIEDA fosters educational and cognitive development, family support, health and welfare initiatives, and housing stabilization. This comprehensive approach not only alleviates immediate financial burdens but also empowers low-income individuals with the skills and resources necessary for long-term success. Ultimately, SIEDA's work contributes to the community's overall improvement, creating opportunities for those who need them most.
This information is meant to be a general summary of Southern Iowa Economic Development Association. 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 2023.
- Investment Income: $8,247
- Program Service Revenue: $502,202
- Gross Receipts: $15,413,590
Assets and Liabilities:
- Total Assets: $5,362,332
- Total Liabilities: $1,281,422
- Net Assets: $4,080,910
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSTANCE ABUSE
Revenue
$498,430
FOOD PROGRAM
Revenue
$3,772
Organization Details
Founding Year
1965
Phone
(641) 682-8741Principal Officer
Brian Dunn
Main Address
725 W SECOND STREET, OTTUMWA, IA, 52501
Website
www.sieda.orgNTEE Category
Code: S30 - Community improvement
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