Overview
What is Rolla Regional Economic Commission?
The Rolla Regional Economic Commission is a nonprofit organization situated in Rolla, Missouri, specifically at PO Box 979. Their primary mission is to foster the growth of long-term, diversified business and employment opportunities in Rolla, Phelps County, and the surrounding areas. To achieve this goal, they actively facilitate development in these regions by engaging with local businesses and industries. By doing so, they contribute to the overall economic prosperity and stability of the community.
Official website here: www.gearedforphelps.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
The Rolla Regional Economic Commission has received a low rating of 56%, which translates to a One-Star evaluation. This indicates significant concerns regarding its accountability and financial practices. Key areas for improvement include the absence of independent board members and missing policies on conflict of interest and whistleblowing, which are critical for ensuring transparency and governance.
Despite these weaknesses, the organization has demonstrated a commitment to maintaining a low Liabilities to Assets Ratio at 29.79%, and a high Program Expense Ratio of 96.69%. This suggests that the majority of its resources are being directed towards its programs, which is a positive aspect of its financial management. However, the lack of essential governance policies is a notable limitation that could affect stakeholder confidence.
Overall, the Rolla Regional Economic Commission has strengths in program expenditures but falls short in governance practices. Addressing these governance issues is crucial for enhancing accountability and potentially improving its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Rolla Regional Economic Commission legitimate?
Rolla Regional Economic Commission is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rolla Regional Economic Commission 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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Other Salaries and Wages: $2,140
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Official website here: www.gearedforphelps.com
What is the mission statement of Rolla Regional Economic Commission?
The Rolla Regional Economic Commission's mission is centered around promoting the growth of sustainable, long-term business and employment opportunities in their operational region. This encompasses areas beyond Rolla, extending to Phelps County and its surrounding communities. The commission's primary objective is to facilitate this development, aiming to ensure a diverse and resilient economic landscape. They work towards fostering an environment that attracts and retains businesses, ultimately creating job opportunities for the local population.
Official website here: www.gearedforphelps.com
Who is the CEO of Rolla Regional Economic Commission?
Tony Floyd is the President of Rolla Regional Economic Commission.
Official website here: www.gearedforphelps.com
What is the revenue of Rolla Regional Economic Commission?
Rolla Regional Economic Commission's revenue in 2022 was $119,141.
Official website here: www.gearedforphelps.com
Who are the executives of Rolla Regional Economic Commission and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.gearedforphelps.com
Where can I find the form 990 for Rolla Regional Economic Commission?
Rolla Regional Economic Commission's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gearedforphelps.com
Learn more at the official website: www.gearedforphelps.com
Mission Statement of Rolla Regional Economic Commission
The Rolla Regional Economic Commission, in its mission, aims to foster the growth of sustainable and varied business and employment prospects in Rolla, Missouri, Phelps County, and the surrounding areas. Their primary objective is to promote the development of a long-term, diverse economic landscape, thereby creating a robust and thriving community. By facilitating this development, the Rolla Regional Economic Commission contributes to the overall well-being and prosperity of the region.
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Impact
October, 2024
The Rolla Regional Economic Commission plays a significant role in fostering sustainable economic growth in Rolla, MO, and the surrounding Phelps County area. By focusing on the development of long-term, diversified business and employment opportunities, the Commission helps create a thriving environment for local entrepreneurs and businesses.
Through various initiatives, the Commission enhances the region's economic landscape, attracting investments and encouraging job creation. This results in a more resilient local economy, better equipped to handle fluctuations and challenges. By prioritizing community improvement, the Commission not only stimulates economic growth but also contributes to the overall quality of life for residents through increased employment opportunities and enhanced local services.
The impact of the Rolla Regional Economic Commission is evident in its ability to unite various stakeholders, including government entities, businesses, and community organizations, to work collaboratively towards a shared vision for economic development. This collaborative approach not only strengthens the local economy but also builds a sense of community pride and sustainability for future generations.
This information is meant to be a general summary of Rolla Regional Economic Commission. 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: $431
- Gross Receipts: $119,141
Assets and Liabilities:
- Total Assets: $439,320
- Total Liabilities: $122,367
- Net Assets: $316,953
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Organization Details
Founding Year
2011
Phone
(573) 201-3772Principal Officer
Tony Floyd
Main Address
PO Box 979, Rolla, MO, 65402
Website
www.gearedforphelps.comNTEE Category
Code: S30 - Community improvement
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