Overview
What is Graettinger Economic Development Council?
The Graettinger Economic Development Council is a nonprofit organization based in Graettinger, Iowa. Their primary mission is to contribute, assist, and support the economic and industrial growth of the city. This involves helping and encouraging existing businesses and industries in Graettinger. With a team of 12 dedicated individuals, they aim to drive development and preserve the economic vitality of the city.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Graettinger Economic Development Council has received a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. With an overall score of 79%, the organization demonstrates effective financial management and transparency, which is crucial for donor trust and engagement. The independent board composition is notably strong, with 100% of its members being independent.
Strengths of the organization include a high program expense ratio of 100%, indicating that all expenses are directed towards its programs, which is a positive sign for effective resource utilization. The council has implemented various policies, such as a conflict of interest policy and a whistleblower policy, both of which contribute to its robust governance structure. Additionally, the absence of material diversion of assets showcases the integrity of its financial practices.
However, while the organization's scores indicate a healthy financial status and governance, there could be room for improvement in outreach and impact assessment, which are not detailed in the provided rating. Overall, the Graettinger Economic Development Council appears to be a reliable nonprofit with a commitment to its mission and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Graettinger Economic Development Council legitimate?
Graettinger Economic Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Graettinger Economic Development Council 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: $93,194
For more financial information, click here
What is the mission statement of Graettinger Economic Development Council?
The Graettinger Economic Development Council is committed to promoting and supporting the economic and industrial growth of its community. This involves offering assistance, encouragement, and preservation to existing businesses and industries within the region. The council's mission is to contribute positively to the city's development, aiming to enhance its overall economic health and prosperity.
Who is the CEO of Graettinger Economic Development Council?
Jr Brown is the President of Graettinger Economic Development Council.
What is the revenue of Graettinger Economic Development Council?
Graettinger Economic Development Council's revenue in 2022 was $731,095.
Who are the executives of Graettinger Economic Development Council and what are their salaries?
The average compensation at Graettinger Economic Development Council during 2022 was $7,766. There are 12 employees at Graettinger Economic Development Council.
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Graettinger Economic Development Council?
Graettinger Economic Development Council's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Graettinger Economic Development Council
The Graettinger Economic Development Council is committed to playing an active role in fostering and supporting the economic and industrial growth of its community in Iowa. This involves offering assistance, encouragement, and preservation to existing businesses and industries within the city. The council's primary goal is to contribute positively to the city's development, ensuring the sustainability and growth of its local economy.
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Impact
July, 2024
The Graettinger Economic Development Council plays a critical role in driving the economic and industrial development of the city of Graettinger, Iowa. Through its engagement, assistance, and support activities, the council contributes to the growth and sustainability of local businesses and industries. By encouraging and preserving existing businesses, the council helps to create a thriving economic environment in Graettinger. Their efforts have a direct impact on the vitality and overall prosperity of the community, making a significant contribution to the local economy.
This information is meant to be a general summary of Graettinger Economic Development Council. 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: $3,519
- Program Service Revenue: $695,924
- Gross Receipts: $762,467
Assets and Liabilities:
- Total Assets: $1,435,324
- Total Liabilities: $365,195
- Net Assets: $1,070,129
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE
Revenue
$15,084
GROCERY
Revenue
$680,667
HOUSING
Revenue
$173
Organization Details
Founding Year
2000
Phone
(712) 859-3841Principal Officer
Jr Brown
Main Address
PO BOX 332, GRAETTINGER, IA, 51342
NTEE Category
Code: N20 - Recreation
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