Overview
What is Perry Economic Development Inc?
Perry Economic Development Inc, located in Perry, Iowa, is an urban development organization devoted to promoting economic growth within the community. Their primary mission is to foster economic development in Perry, Iowa, striving to improve the local economy and create opportunities for its residents. The organization's activities and goals revolve around this mission, aiming to contribute positively to the economic landscape of Perry, Iowa.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while Perry Economic Development Inc demonstrates some strengths in governance and financial management, there are notable areas for improvement. The organization has a high score for accountability, particularly with an entirely independent board and a strong program expense ratio, suggesting efficient use of resources toward its mission.
However, the organization faces significant limitations regarding transparency and adherence to best practices. The absence of key policies, such as a conflict of interest policy, whistleblower policy, and document retention guidelines, raises concerns about its operational protocols. Additionally, the organization has not listed its website on its tax form, which is another missed opportunity for transparency.
Overall, while Perry Economic Development Inc shows a commitment to effective governance, its lack of critical policies and online transparency could hinder stakeholder trust and engagement. Addressing these gaps could enhance its rating and overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Perry Economic Development Inc legitimate?
Perry Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Perry Economic Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $752,823
For more financial information, click here
What is the mission statement of Perry Economic Development Inc?
Perry Economic Development Inc, as an urban development organization, is dedicated to promoting economic growth within its sphere. Their mission, stated in third person, focuses on fostering economic development, aiming to enhance the economic well-being of the unspecified location they serve. They work towards attracting new businesses, fostering existing ones, and creating a favorable environment for economic growth. Their goal is to contribute to the overall prosperity and development of their community. They may also engage in activities such as providing resources, support, and information to businesses, as well as advocating for policies that support economic growth.
Who is the CEO of Perry Economic Development Inc?
Scott Finneseth is the Vice President of Perry Economic Development Inc. The CEO's salary of Perry Economic Development Inc is $0 and their total compensation is $0.
What is the revenue of Perry Economic Development Inc?
Perry Economic Development Inc's revenue in 2022 was $1,890,621.
Who are the executives of Perry Economic Development Inc and what are their salaries?
There 7 volunteers at Perry Economic Development Inc.
Here are 8 key members and their salaries (Perry Economic Development Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Perry Economic Development Inc?
Perry Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Perry Economic Development Inc
Perry Economic Development, as an urban development organization, is committed to driving economic growth and development in Perry, Iowa. Their mission, in simple terms, is to foster a prosperous economic landscape within the community. By taking on the role of an economic developer, this nonprofit organization aims to attract new businesses, promote existing ones, and create an environment that encourages both economic and community growth. Their ultimate goal is to enhance the overall well-being of Perry, Iowa, by boosting its economic potential.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Perry Economic Development Inc has made a significant impact on the economic development of Perry, Iowa. Through its efforts, the organization has contributed to the growth and improvement of the local community. Its focus on economic development has stimulated business activity, created job opportunities, and enhanced the overall quality of life in Perry. The organization's initiatives have played a crucial role in driving economic progress and prosperity in the city.
This information is meant to be a general summary of Perry Economic Development 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: $421
- Gross Receipts: $1,890,621
Assets and Liabilities:
- Total Assets: $5,122,246
- Total Liabilities: $1,982,929
- Net Assets: $3,139,317
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1980
Principal Officer
Scott Finneseth
Main Address
1307 2ND ST, PERRY, IA, 50220
NTEE Category
Code: S303 - Community improvement
If you are a representative of Perry Economic Development Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.