Overview
What is Greater St Cloud Development Corporation?
Greater St Cloud Development Corporation is a nonprofit organization dedicated to driving inclusive and equitable economic growth in the broader St Cloud community. Their mission encompasses various strategic initiatives, primarily focusing on business development and accessibility improvement within the region. The organization collaborates closely with local cities, counties, and the state of Minnesota to implement collaborative regional strategies for business attraction. As a proactive member of the Minnesota marketing partnership, GSDC contributes significantly to the community's overall development.
Official website here: www.greaterstcloud.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Greater St Cloud Development Corporation has received a solid rating of 84%, indicating a competent level of accountability and financial management. With a perfect score for independent board members and a strong program expense ratio of 81.55%, the organization demonstrates a commitment to prudent financial practices and transparency in its operations.
However, there are notable limitations in its governance practices, particularly in the absence of key policies such as conflict of interest, whistleblower protections, and document retention. These omissions could raise concerns regarding the organization's overall governance structure and accountability to its stakeholders.
Despite these shortcomings, the corporation's financial oversight and absence of material asset diversion reflect a strong commitment to maintaining integrity in its financial practices. Addressing the missing policies could enhance its overall effectiveness and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Greater St Cloud Development Corporation legitimate?
Greater St Cloud Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater St Cloud Development Corporation 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: $177,135
Professional Fundraising Fees: $0
Other Salaries and Wages: $214,213
For more financial information, click here
Official website here: www.greaterstcloud.com
What is the mission statement of Greater St Cloud Development Corporation?
The Greater St Cloud Development Corporation is committed to spearheading inclusive and equitable economic growth for its community. By taking a leading role, the organization focuses on fostering business development and enhancing access to the region. Additionally, the corporation collaborates with local authorities and the state of Minnesota, employing collective regional processes to attract businesses. The Greater St Cloud Development Corporation is an active participant in the Minnesota marketing partnership, contributing to the overall development and prosperity of the community.
Official website here: www.greaterstcloud.com
Who is the CEO of Greater St Cloud Development Corporation?
Mike Blair is the Treasurer of Greater St Cloud Development Corporation.
Official website here: www.greaterstcloud.com
What is the revenue of Greater St Cloud Development Corporation?
Greater St Cloud Development Corporation's revenue in 2022 was $1,413,626.
Official website here: www.greaterstcloud.com
Who are the executives of Greater St Cloud Development Corporation and what are their salaries?
The average compensation at Greater St Cloud Development Corporation during 2022 was $65,225. There are 6 employees and 325 volunteers at Greater St Cloud Development Corporation.
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Official website here: www.greaterstcloud.com
Where can I find the form 990 for Greater St Cloud Development Corporation?
Greater St Cloud Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greaterstcloud.com
Learn more at the official website: www.greaterstcloud.com
Mission Statement of Greater St Cloud Development Corporation
Greater St. Cloud Development Corporation, a leading organization, is dedicated to fostering inclusive and equitable economic development within the broader St. Cloud community. Their mission is multifaceted, encompassing various strategic initiatives that aim to bolster business growth while improving access to the region. The corporation takes an active role in collaborating with local cities, counties, and the state of Minnesota, deploying joint regional processes and responses to attract new businesses. As an engaged member of Minnesota's marketing team, Greater St. Cloud Development Corporation contributes to the collective efforts to promote the region's economic development.
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Impact
July, 2024
The Greater St Cloud Development Corporation plays a crucial role in leading inclusive and equitable economic development for the benefit of the Greater St Cloud community. Through strategic initiatives focused on business development and improving regional access, the organization actively works to build and develop the community. By partnering with local cities, counties, and the state of Minnesota, the GSDC facilitates collaborative regional processes and responses to business attraction, fostering growth and prosperity in the region. As an engaged member of the Minnesota marketing PA, the organization is dedicated to driving community improvement and creating a more vibrant and sustainable economic landscape for the Greater St Cloud area.
This information is meant to be a general summary of Greater St Cloud Development Corporation. 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: $3,033
- Program Service Revenue: $79,688
- Gross Receipts: $1,413,626
Assets and Liabilities:
- Total Assets: $1,353,759
- Total Liabilities: $551,922
- Net Assets: $801,837
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$45,688
PROGRAM FEES
Revenue
$34,000
Organization Details
Founding Year
2011
Phone
(320) 259-0300Principal Officer
Mike Blair
Main Address
501 W ST GERMAIN ST 100, ST CLOUD, MN, 56301
Website
www.greaterstcloud.comNTEE Category
Code: S30 - Community improvement
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