Overview
What is Baxter Economic Development Corp?
Baxter Economic Development Corp is a nonprofit organization based in Baxter, Iowa. Their primary objective is to foster residential and commercial growth and stimulate business development within the community. To achieve this mission, they offer a mortgage incentive program designed to boost local residential sales, thereby contributing to the overall economic prosperity of Baxter. This initiative aims to attract potential homebuyers and investors, thereby bolstering the local real estate market and stimulating overall economic growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Baxter Economic Development Corp has received an impressive Four-Star rating from Charity Navigator, indicating high performance in accountability and finance. The organization scored a total of 93%, reflecting strong practices in governance, transparency, and responsible financial management. Their fiscal metrics from FY2022 highlight a commitment to maintaining a majority independent board, which is crucial for objective oversight and decision-making.
The charity excels in several key areas, earning full points for having 100% independent board members, no material diversion of assets, and comprehensive policies regarding conflicts of interest and whistleblowing. Furthermore, the organization showcases a high program expense ratio of 93.31%, demonstrating that a significant portion of its resources is directed toward its mission-related activities.
While Baxter Economic Development Corp has demonstrated strong financial health and accountability, the overall emphasis on a single beacon score may limit a broader understanding of its impact beyond financial measures. However, the solid governance practices and strong fiscal management indicate a well-run organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Baxter Economic Development Corp legitimate?
Baxter Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baxter Economic Development Corp 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:
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Professional Fundraising Fees: $0
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What is the mission statement of Baxter Economic Development Corp?
The Baxter Economic Development Corp is committed to fostering residential and commercial growth and the expansion of businesses within its sphere. To achieve this goal, the corporation employs various strategies, one of which is offering mortgage incentive forgiveness to stimulate local residential sales. By doing so, the corporation aims to contribute to the overall economic development of the community.
Who is the CEO of Baxter Economic Development Corp?
Jon Northrup is the Vice President of Baxter Economic Development Corp. The CEO's salary of Baxter Economic Development Corp is $0 and their total compensation is $0.
What is the revenue of Baxter Economic Development Corp?
Baxter Economic Development Corp's revenue in 2022 was $23,189.
Who are the executives of Baxter Economic Development Corp and what are their salaries?
There 9 volunteers at Baxter Economic Development Corp.
Here are 8 key members and their salaries (Baxter Economic Development Corp's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Baxter Economic Development Corp?
Baxter Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Baxter Economic Development Corp
Baxter Economic Development Corp, a nonprofit organization, is dedicated to fostering both residential and commercial growth in its community. Its primary mission is to stimulate business development within Baxter, Iowa. To achieve this, the corporation implements strategic initiatives, such as offering mortgage incentive forgiveness to encourage local residential sales. By implementing these programs, Baxter Economic Development Corp aims to bolster the economic vitality of the area, ultimately benefiting both local residents and businesses.
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Impact
August, 2024
Baxter Economic Development Corp's impact is significant in promoting residential and commercial growth as well as business development in Baxter, Iowa. Their initiatives, such as offering mortgage incentive forgiveness to encourage local residential sales, contribute to the economic vitality of the city. Through their focused efforts, they play a crucial role in fostering a thriving community and supporting the prosperity of businesses in Baxter.
This information is meant to be a general summary of Baxter Economic Development Corp. 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: -$13,153
- Gross Receipts: $78,551
Assets and Liabilities:
- Total Assets: $963,180
- Total Liabilities: $492,571
- Net Assets: $470,609
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Organization Details
Founding Year
1988
Phone
(641) 227-3120Principal Officer
Jon Northrup
Main Address
PO BOX 415, BAXTER, IA, 50028
NTEE Category
Code: X99Z - Religion related
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