Overview
What is Waukon Economic Development Corp?
Waukon Economic Development Corporation is a nonprofit organization situated in Waukon, Iowa. Its primary mission is to stimulate and enhance the local economy by spearheading and backing development initiatives. The corporation achieves this goal by advocating for community events, boosting awareness, and fostering tourism. This is achieved through public funding and investments in both residential and commercial improvements. In essence, Waukon Economic Development Corporation aims to foster a thriving and dynamic community in Waukon, Iowa.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Waukon Economic Development Corp has received an 80% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score is particularly impressive as it reflects a strong commitment to financial health and transparency, which is essential for nonprofit organizations. The organization has achieved a perfect score for having a majority of independent board members and demonstrates excellent practices in governance.
Strengths noted include a 100% independent board and a favorable liabilities to assets ratio of 0.00%. The high program expense ratio at 80.26% suggests that a significant portion of its resources is dedicated to its programs, which is a positive indicator for potential donors and stakeholders. The organization also adheres to best practices by maintaining a conflict of interest policy and documenting board meeting minutes.
While the overall score is commendable, it is derived solely from accountability and finance metrics, which may limit a comprehensive understanding of the organization’s impact and effectiveness in its mission. However, the strong governance structure and financial integrity are clear strengths that enhance its credibility within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Waukon Economic Development Corp legitimate?
Waukon Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waukon Economic Development Corp submitted a form 990EZ, 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.
What is the mission statement of Waukon Economic Development Corp?
The Waukon Economic Development Corporation, operating as a non-profit entity, is committed to fostering and boosting the local economy of an unspecified location. They achieve this by initiating and supporting development projects, with a focus on community activities, raising awareness, and promoting tourism. This is primarily accomplished through organizing public events and investing in residential and commercial improvements.
Who is the CEO of Waukon Economic Development Corp?
Dennis Lyons is the President of Waukon Economic Development Corp.
What is the revenue of Waukon Economic Development Corp?
Waukon Economic Development Corp's revenue in 2023 was $48,964.
Who are the executives of Waukon Economic Development Corp and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Waukon Economic Development Corp?
Waukon Economic Development Corp's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Waukon Economic Development Corp
Waukon Economic Development Corporation, as a non-profit organization, is dedicated to driving development initiatives aimed at enhancing and expanding the economic landscape of Waukon, Iowa. The corporation's primary focus lies in promoting community activities and boosting awareness, all while investing in residential and commercial improvements through public events and expenditures. This commitment to bettering the community extends to fostering tourism, contributing to a more prosperous and thriving economy for Waukon.
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Impact
August, 2024
Waukon Economic Development Corp plays a vital role in driving economic growth and development in Waukon, Iowa. The organization initiates and supports various development efforts aimed at enhancing the local economy. WEDC actively promotes community activities, raises awareness about the region, and boosts tourism through its events and investments in residential and commercial improvements. Their commitment to community improvement has a tangible impact on the overall well-being and prosperity of Waukon.
This information is meant to be a general summary of Waukon 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 2023.
- Investment Income: $2,796
- Gross Receipts: $111,446
Assets and Liabilities:
- Total Assets: $399,306
- Total Liabilities: $0
- Net Assets: $399,306
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Organization Details
Phone
(563) 568-2624Principal Officer
Dennis Lyons
Main Address
101 WEST MAIN ST, WAUKON, IA, 52172
NTEE Category
Code: S30Z - Community improvement
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