Overview
What is Fulton County Center For Regional Growth?
The Fulton County Center for Regional Growth is a nonprofit organization situated in Gloversville, New York, with a focus on promoting economic development within Fulton County. They accomplish this by managing various government grants and projects, such as revolving loan pools, industrial parks, and business parks. Their mission is to strengthen the local economy, facilitate sustainable growth, enhance competitiveness, and improve the quality of life for the county's residents, ultimately creating jobs and increasing living standards. They have a team of six dedicated employees working towards achieving these objectives.
Official website here: www.fccrg.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
Fulton County Center For Regional Growth has received a high rating of 92%, indicating strong performance in accountability and finance. The score reflects the organization’s commitment to transparency and effective financial management, with a perfect score in several areas, such as independent board membership and the absence of material diversion of assets.
The organization has an independent board consisting entirely of eight members, showcasing a robust governance structure. It also maintains strong financial oversight, evidenced by the establishment of an audit and oversight committee, which contributes to its credibility and trustworthiness. Additionally, the program expense ratio is impressive at 87.20%, suggesting that a significant portion of its resources is directed towards its mission rather than administrative costs.
While the organization excels in its financial practices and governance, it is important for stakeholders to continually monitor its activities and impact to ensure that the high standards set are maintained. Overall, the Fulton County Center For Regional Growth demonstrates a solid commitment to accountability and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Fulton County Center For Regional Growth legitimate?
Fulton County Center For Regional Growth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fulton County Center For Regional Growth 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: $124,367
Professional Fundraising Fees: $0
Other Salaries and Wages: $257,171
For more financial information, click here
Official website here: www.fccrg.org
What is the mission statement of Fulton County Center For Regional Growth?
The Fulton County Center for Regional Growth's mission is to fortify the local economy, foster sustainable growth, enhance the competitiveness of the region, and improve the living standards for its residents. This is achieved by facilitating investments that boost capacity, create jobs, enhance quality of life, and increase the standard of living for all residents. The organization plays an active role in promoting economic development within the county through the administration of certain government grants and projects, such as revolving loan pools and industrial parks.
Official website here: www.fccrg.org
What is the revenue of Fulton County Center For Regional Growth?
Fulton County Center For Regional Growth's revenue in 2024 was $1,471,859.
Official website here: www.fccrg.org
Who are the executives of Fulton County Center For Regional Growth and what are their salaries?
The average compensation at Fulton County Center For Regional Growth during 2024 was $76,308. There are 5 employees at Fulton County Center For Regional Growth.
Here are 10 key members and their salaries:
- Compensation: $124,367
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- Other: $0
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- Other: $0
Official website here: www.fccrg.org
Where can I find the form 990 for Fulton County Center For Regional Growth?
Fulton County Center For Regional Growth's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.fccrg.org
Learn more at the official website: www.fccrg.org
Mission Statement of Fulton County Center For Regional Growth
The Fulton County Center for Regional Growth is committed to strengthening the economic foundation of its region, facilitating sustainable growth, and enhancing the competitive position of its counties, towns, and cities. By doing so, the organization aims to facilitate investments that build capacity, create jobs, improve the quality of life, and increase the standard of living for all its residents. In essence, the Fulton County Center for Regional Growth works towards fostering an economically robust and thriving community for its residents.
To achieve this mission, the Fulton County Center for Regional Growth administers various government grants and projects. These initiatives include revolving loan pools, industrial parks such as Crossroads Industrial Park and Johnstown Industrial Park, business parks like Crossroads Business Park, Empire Zone, an incubator building, a business assistance center, and the Estee Commons apartment complex. By implementing these projects, the Fulton County Center for Regional Growth aims to stimulate economic development, create job opportunities, and ultimately, improve the overall well-being of the community.
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Impact
July, 2024
The impact of Fulton County Center For Regional Growth is significant in promoting economic development within Fulton County, New York. Through the administration of government grants and projects like revolving loan pools, industrial parks, business assistance centers, and housing complexes, the organization plays a crucial role in facilitating investments, creating jobs, and improving the quality of life for residents. By focusing on strengthening the economic base, fostering sustainable growth, and enhancing the competitive position of the region, the center contributes to increased capacity building and an overall rise in the standard of living for the community.
This information is meant to be a general summary of Fulton County Center For Regional Growth. 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 2024.
- Investment Income: $31,143
- Program Service Revenue: $623,837
- Gross Receipts: $1,471,859
Assets and Liabilities:
- Total Assets: $1,172,211
- Total Liabilities: $71,847
- Net Assets: $1,100,364
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$566,837
ADMINISTRATIVE REVENUE
Revenue
$41,706
DUES
Revenue
$13,174
MANAGEMENT FEE INCOME (EDC)
Revenue
$2,120
Organization Details
Founding Year
2012
Principal Officer
Ronald Peters
Website
www.fccrg.orgNTEE Category
Code: S20 - Community improvement
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