Overview
What is Comm Assoc Of Regional Ent Inc?
Comm Assoc of Regional Ent Inc, based in Clinton, Missouri, serves as a business incubator and provides program services to other exempt organizations. Their primary mission is to contribute to economic and community growth. They operate a business development center and collaborate with others to run the Truman Regional Education Center. This center likely provides educational resources and opportunities, contributing to the overall growth and development of the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star rating.
The Comm Association of Regional Ent Inc has received a Two-Star rating, indicating a mixed evaluation primarily based on its Accountability & Finance metrics. The organization excels in governance aspects, with a fully independent board and no material diversion of assets. However, it fell short in several critical areas, notably the absence of key policies and documentation, which has impacted its overall score.
Strengths include a high percentage of program expenses at 65.91%, reflecting a focus on mission-driven activities. The organization also demonstrates solid financial health, with a low liabilities to assets ratio of 0.72%. These factors contribute positively to its performance in the accountability domain.
Despite these strengths, the lack of essential governance documents such as a conflict of interest policy, whistleblower policy, and website disclosure of key documents raises concerns about transparency and operational effectiveness. Addressing these gaps could improve the organization's ratings and build greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Comm Assoc Of Regional Ent Inc legitimate?
Comm Assoc Of Regional Ent Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Comm Assoc Of Regional Ent 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: $0
For more financial information, click here
What is the mission statement of Comm Assoc Of Regional Ent Inc?
Comm Assoc of Regional Ent Inc, as an organization, is committed to fostering economic and community growth. They accomplish this by managing a Business Development Center and collaborating with others to operate the Truman Regional Education Center. In essence, their mission is to provide a platform that supports the growth and development of businesses and the community at large. This is achieved through their operation of a business incubator and offering program services to other exempt organizations.
Who is the CEO of Comm Assoc Of Regional Ent Inc?
Wes Hilton is the Director of Comm Assoc Of Regional Ent Inc.
What is the revenue of Comm Assoc Of Regional Ent Inc?
Comm Assoc Of Regional Ent Inc's revenue in 2022 was $68,029.
Who are the executives of Comm Assoc Of Regional Ent Inc and what are their salaries?
There 5 volunteers at Comm Assoc Of Regional Ent Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Comm Assoc Of Regional Ent Inc?
Comm Assoc Of Regional Ent Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Comm Assoc Of Regional Ent Inc
Comm Assoc of Regional Ent Inc, a nonprofit organization, is committed to fostering economic and community growth. They achieve this by operating a Business Development Center and collaborating with others to manage the Truman Regional Education Center. This mission involves providing a conducive environment for businesses to grow and develop, while also contributing to the overall improvement of the community. The organization also offers program services and rental facilities to other exempt organizations, furthering its mission of promoting economic growth and community development.
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Impact
August, 2024
Comm Assoc Of Regional Ent Inc plays a significant role in fostering economic and community growth in Clinton, Missouri. By operating a business development center and collaborating with others to run the Truman Regional Education Center, the organization provides valuable resources and support for businesses and organizations. Through their business incubator and program services, they help drive innovation and entrepreneurship in the community, ultimately contributing to a more vibrant and prosperous local economy. The impact of Comm Assoc Of Regional Ent Inc extends beyond just business development, as their efforts also benefit various exempt organizations by providing rental services. Overall, their focus on community improvement and economic development has a positive and lasting impact on the region.
This information is meant to be a general summary of Comm Assoc Of Regional Ent 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: $49,071
- Program Service Revenue: $18,958
- Gross Receipts: $269,006
Assets and Liabilities:
- Total Assets: $109,399
- Total Liabilities: $7,707
- Net Assets: $101,692
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$17,208
RENT-BUSINESS DEVELOPMENT
Revenue
$5,475
RENT
Revenue
-$3,725
Organization Details
Founding Year
2001
Phone
(660) 855-3393Principal Officer
Wes Hilton
Main Address
221 N 2ND STREET, CLINTON, MO, 64735
NTEE Category
Code: S20 - Community improvement
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