Overview
What is Marlboro County Economic Development Corporation?
The Marlboro County Economic Development Corporation, situated in Bennettsville, South Carolina at 214 East Market Street, is a dedicated nonprofit organization. Its primary mission is to foster economic growth in Marlboro County, South Carolina. This is achieved through marketing the county's workforce and commercial properties, with the ultimate goal of promoting economic development within the region. The corporation's activities are geared towards attracting businesses and investments, thereby creating job opportunities and stimulating local economic growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70% score)
The Marlboro County Economic Development Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and transparency. While the organization boasts a strong governance structure with a fully independent board and no material diversion of assets, it has notable deficiencies in its policies and online transparency, which have impacted its overall score.
Strengths of the organization include an excellent liabilities to assets ratio of 0.00% and a solid program expense ratio of 67.90%, suggesting that funds are primarily allocated toward its mission-driven programs. The organization also actively documents board meeting minutes, which reflects a commitment to governance best practices.
However, significant limitations are evident in the absence of several essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy. Additionally, the website is not listed on the tax form, which further detracts from transparency and accountability measures. These gaps underscore the need for the Marlboro County Economic Development Corporation to enhance its operational practices to build greater trust with stakeholders and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Marlboro County Economic Development Corporation legitimate?
Marlboro County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marlboro County Economic 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.
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What is the mission statement of Marlboro County Economic Development Corporation?
The Marlboro County Economic Development Corporation is committed to fostering economic growth in its jurisdiction. This is achieved through various strategies, including marketing the county, its workforce, and commercial properties. The primary objective of the corporation is to stimulate economic development, ultimately improving the socio-economic status of the community. By promoting business opportunities and attracting investments, the corporation aims to create job opportunities and drive local economic growth. Furthermore, the corporation's activities are geared towards positioning the county as an attractive destination for businesses, thereby enhancing its overall competitiveness.
Who is the CEO of Marlboro County Economic Development Corporation?
Tonny Mcneil is the Executive Director of Marlboro County Economic Development Corporation.
What is the revenue of Marlboro County Economic Development Corporation?
Marlboro County Economic Development Corporation's revenue in 2023 was $53,756.
Who are the executives of Marlboro County Economic Development Corporation and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Marlboro County Economic Development Corporation?
Marlboro County Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Marlboro County Economic Development Corporation
The Marlboro County Economic Development Corporation, in its mission, is dedicated to fostering economic growth in Marlboro County, South Carolina. This is achieved through various strategies, primarily by promoting the county's resources, workforce, and commercial properties. The corporation serves as a marketing entity, showcasing the county's potential to attract businesses and investors, thereby contributing to its overall economic development.
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Impact
August, 2024
The Marlboro County Economic Development Corporation's impact includes driving economic growth in Marlboro County, South Carolina, through the active promotion of the county, its workforce, and commercial properties. By marketing the county effectively, the organization attracts investment, creates job opportunities, and bolsters the overall economic vitality of the region. The corporation plays a crucial role in fostering a business-friendly environment, supporting local businesses, and fueling economic development initiatives that benefit the community.
This information is meant to be a general summary of Marlboro County Economic 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 2023.
- Investment Income: $137
- Gross Receipts: $53,756
Assets and Liabilities:
- Total Assets: $296,544
- Total Liabilities: $0
- Net Assets: $296,544
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Organization Details
Founding Year
2012
Phone
(843) 479-5626Principal Officer
Tonny Mcneil
Main Address
214 EAST MARKET ST, BENNETTSVILLE, SC, 29512
NTEE Category
Code: B99 - Education
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