Overview
What is Advance Redding?
Advance Redding is a nonprofit organization based in Redding, California. Their primary mission is to fostering economic growth, entertainment, and cultural activities within the greater Redding area by managing and operating the city's convention center. In the face of challenges posed by COVID-19 regulations, they successfully applied for additional funding and transformed their outdoor space, enabling large events and attracting approximately 78,000 visitors. This led to an economic impact of $29 million in the local community. Advance Redding employs 62 individuals, dedicated to their mission.
Official website here: www.advanceredding.com/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 91% (Four-Star out of Four Star rating)
Advance Redding has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in Accountability & Finance. The organization excels in various governance areas, notably having a fully independent board and robust oversight mechanisms. Its commitment to transparency is reflected in its well-documented policies and practices, contributing to an impressive score in the Accountability & Finance category.
The organization demonstrates effective financial management, with a program expense ratio of 70.88%, indicating that a significant portion of its budget is allocated to its programs. This is a positive sign for donors, as it suggests that the funds are being directed towards impactful initiatives. Furthermore, there have been no reported material diversions of assets, underscoring the integrity of its operations.
However, the liabilities to assets ratio at 56.49% suggests that while the organization is managing its finances well, it may still have a substantial amount of liabilities compared to assets. This could be a point of consideration for potential donors. Overall, Advance Redding shows a strong commitment to accountability and effective financial practices, making it a reliable option for those looking to support nonprofit efforts in their community.
This AI summary has been generated from information found on Charity Navigator.
Is Advance Redding legitimate?
Advance Redding is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advance Redding 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: $145,553
Professional Fundraising Fees: $0
Other Salaries and Wages: $549,990
For more financial information, click here
Official website here: www.advanceredding.com/
What is the mission statement of Advance Redding?
Advance Redding's mission is centered around fostering economic growth, providing entertainment opportunities, and promoting cultural activities in a broader area. They achieve this mission by maintaining, managing, and operating a convention center. In the face of challenges posed by COVID-19 regulations, they successfully applied for grant reconsideration and supplemental awards, allowing them to activate their outdoor space for larger events and maintain sufficient staffing capacity. As a result, they welcomed approximately 78,000 visitors, contributing an economic impact of $29 million to their local community.
Official website here: www.advanceredding.com/
Who is the CEO of Advance Redding?
Julie Dyar is the General Manager of Advance Redding.
Official website here: www.advanceredding.com/
What is the revenue of Advance Redding?
Advance Redding's revenue in 2022 was $2,703,465.
Official website here: www.advanceredding.com/
Who are the executives of Advance Redding and what are their salaries?
The average compensation at Advance Redding during 2022 was $11,218. There are 62 employees and 29 volunteers at Advance Redding.
Here are 9 key members and their salaries:
- Compensation: $122,308
- Related: $0
- Other: $22,087
- Compensation: $109,077
- Related: $0
- Other: $13,761
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.advanceredding.com/
Where can I find the form 990 for Advance Redding?
Advance Redding's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.advanceredding.com/
Learn more at the official website: www.advanceredding.com/
Mission Statement of Advance Redding
Advance Redding, as a nonprofit organization, is committed to fostering economic growth, enhancing entertainment prospects, and promoting cultural activities in a broader area. To accomplish this mission, Advance Redding maintains, manages, and operates a convention center. By doing so, the organization aims to provide a platform for various events and gatherings, thereby contributing to the development of the local economy and community.
During the fiscal year ending in 2022, Advance Redding faced significant challenges due to the ongoing impact of COVID-19 on large gatherings. Despite these obstacles, the organization showed resilience by successfully securing additional funding and adapting its operations to accommodate outdoor events. These changes enabled Advance Redding to welcome around 78,000 visitors to the venue, resulting in an estimated $29 million of direct spending in the local community. This influx of visitors and expenditures signified a significant boost to the economic growth and development in the area.
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Impact
July, 2024
Advance Redding's impact on the greater Redding area is significant in terms of advancing economic growth, providing entertainment opportunities, and fostering cultural activities. The organization's management and operation of the Redding Convention Center have contributed to a thriving event venue that attracts a large number of visitors. Despite the challenges posed by the COVID-19 pandemic, Advance Redding successfully adapted its operations to comply with regulations and guidance, enabling the hosting of various events and functions.
In the fiscal year ending 2022, approximately 78,000 visitors attended events at the Redding Convention Center, resulting in a direct spend of $29 million in the local community. This influx of visitors not only boosts the local economy but also enhances the overall cultural and entertainment landscape of the area. By maintaining and managing the convention center effectively, Advance Redding plays a crucial role in supporting community improvement and creating a vibrant hub for gatherings and activities.
This information is meant to be a general summary of Advance Redding. 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: $176
- Program Service Revenue: $847,302
- Gross Receipts: $2,814,914
Assets and Liabilities:
- Total Assets: $3,133,364
- Total Liabilities: $1,054,193
- Net Assets: $2,079,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$847,302
Organization Details
Founding Year
2011
Phone
(530) 782-9484Principal Officer
Julie Dyar
Main Address
PO Box 992315, Redding, CA, 96001
Website
www.advanceredding.com/NTEE Category
Code: S30 - Community improvement
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