Overview
What is Webster Area Development Corporation?
The Webster Area Development Corporation, situated in Webster, South Dakota (PO Box 6), is a dedicated nonprofit organization with a mission to stimulate and foster economic growth in Day County. With a modest workforce of one individual, this corporation focuses on promoting and developing economic activities within the region. By doing so, they aim to contribute positively to the local community and its overall development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Webster Area Development Corporation has achieved a score of 73%, which translates to a Two-Star rating. This rating reflects a strong emphasis on accountability and finance, as it is derived solely from this beacon score. The organization demonstrates exemplary practices, such as having a fully independent board and no material diversion of assets, which contribute positively to its financial integrity.
Strengths of the organization are highlighted by its perfect scores in several key areas, including having 100% independent board members and a strong program expense ratio of 100%. These indicators suggest effective governance and a commitment to utilizing its resources towards its mission. The organization also maintains transparency by documenting board meeting minutes.
However, while the financial metrics are commendable, the overall rating of Two Stars suggests that there may be areas for improvement not captured by the financial data alone. Users might find value in exploring additional qualitative aspects or program effectiveness to gain a fuller picture of the organization's impact.
This AI summary has been generated from information found on Charity Navigator.
Is Webster Area Development Corporation legitimate?
Webster Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Webster Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,373
For more financial information, click here
What is the mission statement of Webster Area Development Corporation?
The Webster Area Development Corporation is dedicated to fostering economic growth in Day County. Their mission is centered around promoting and developing various economic activities within the region. By doing so, they aim to contribute positively to the local economy and potentially improve the livelihoods of its residents. The corporation's activities may include attracting new businesses, supporting existing ones, and encouraging entrepreneurship. However, specific details about their strategies and initiatives are not provided in the given information.
Who is the CEO of Webster Area Development Corporation?
Kelly Hanson is the President of Webster Area Development Corporation.
What is the revenue of Webster Area Development Corporation?
Webster Area Development Corporation's revenue in 2022 was $80,317.
Who are the executives of Webster Area Development Corporation and what are their salaries?
The average compensation at Webster Area Development Corporation during 2022 was $24,373. There is 1 employee at Webster Area Development Corporation.
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Where can I find the form 990 for Webster Area Development Corporation?
Webster Area Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Webster Area Development Corporation
The Webster Area Development Corporation, as its name suggests, is committed to fostering economic growth and activities within Day County. Its mission is geared towards promoting and developing economic ventures in the region, aiming to drive progress and prosperity for the community at large. By taking an active role in this endeavor, the corporation serves as a catalyst for economic development, contributing to a stronger and more vibrant economic landscape in Day County.
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Impact
August, 2024
Webster Area Development Corporation's impact is focused on promoting and developing economic activities in Day County, South Dakota. Through its initiatives and programs, the organization plays a crucial role in driving economic growth and improving the overall well-being of the community. By supporting and fostering economic development in the region, Webster Area Development Corporation contributes to creating job opportunities, attracting investments, and enhancing the quality of life for residents in Day County.
This information is meant to be a general summary of Webster Area 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: $958
- Program Service Revenue: $34,409
- Gross Receipts: $80,317
Assets and Liabilities:
- Total Assets: $1,663,097
- Total Liabilities: $446
- Net Assets: $1,662,651
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING RENT
Revenue
$28,850
LAND RENT
Revenue
$5,035
INTEREST ON RLF
Revenue
$524
Organization Details
Phone
(605) 345-3639Principal Officer
Kelly Hanson
Main Address
PO BOX 6, WEBSTER, SD, 57274
NTEE Category
Code: S30 - Community improvement
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