Overview
What is Desour Valley Edc Inc?
Desour Valley EDC Inc, located in Burlington, North Dakota, is a nonprofit organization with a mission to promote the growth and diversification of the local economy. They achieve this by facilitating the retention, expansion, start-up, and relocation of primary sector businesses within the Burlington area. This initiative aims to improve the community's overall well-being and economic vitality. The organization serves as a catalyst for local businesses, playing a crucial role in supporting and nurturing the region's economic development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The rating reflects concerns related to accountability and finance, despite strong performance in several key areas. The organization has a solid structure with an independent board, no material diversion of assets, and a high program expense ratio, indicating efficient use of funds for its intended programs.
Strengths include excellent board independence and management of liabilities, with all liabilities reported at 0.00%. The organization also demonstrates a commitment to transparency by documenting board meeting minutes. However, the absence of policies regarding conflicts of interest, whistleblower protections, and document retention may pose risks to governance and operational integrity.
While Desour Valley Edc Inc shows strong commitment to its programs, improvements in governance policies and transparency practices are necessary for higher accountability. The lack of these important documents could hinder trust among stakeholders and limit the overall effectiveness of the organization's mission.
This AI summary has been generated from information found on Charity Navigator.
Is Desour Valley Edc Inc legitimate?
Desour Valley Edc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Desour Valley Edc 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: $5,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Desour Valley Edc Inc?
Desour Valley EDC Inc's mission is centered around fostering the retention, expansion, and establishment of primary sector businesses in a specific area. The primary objective is to diversify and strengthen the regional economy. By facilitating these business activities, the organization aims to promote overall community betterment.
Who is the CEO of Desour Valley Edc Inc?
Andy Fimrite is the Director of Desour Valley Edc Inc.
What is the revenue of Desour Valley Edc Inc?
Desour Valley Edc Inc's revenue in 2022 was $39,943.
Who are the executives of Desour Valley Edc Inc and what are their salaries?
There 7 volunteers at Desour Valley Edc Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
Where can I find the form 990 for Desour Valley Edc Inc?
Desour Valley Edc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Desour Valley Edc Inc
Desour Valley EDC Inc is a dedicated organization with a mission to facilitate the retention, expansion, start-up, and relocation of primary sector businesses in various areas. Their ultimate goal is to diversify and grow the regional economy, ultimately promoting the overall betterment of the community. By accomplishing these objectives, Desour Valley EDC Inc plays a pivotal role in fostering a thriving and prosperous economic landscape.
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Impact
August, 2024
Desour Valley Edc Inc's impact lies in its efforts to facilitate the retention, expansion, start-up, and relocation of primary sector businesses in the Burlington area. By diversifying and growing the region's economy, the organization contributes to the overall betterment of the community. Through its focus on supporting businesses in the primary sector, Desour Valley Edc Inc plays a crucial role in stimulating economic development, creating job opportunities, and fostering a thriving business environment in Burlington, North Dakota.
This information is meant to be a general summary of Desour Valley Edc 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: $4,403
- Gross Receipts: $39,943
Assets and Liabilities:
- Total Assets: $696,352
- Total Liabilities: $0
- Net Assets: $696,352
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Organization Details
Founding Year
1987
Phone
(701) 857-7220Principal Officer
Andy Fimrite
Main Address
PO BOX 206, BURLINGTON, ND, 587220206
NTEE Category
Code: S20Z - Community improvement
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