Overview
What is Marshall Area Economic Development?
Marshall Area Economic Development (MAEDA) is a non-profit organization based in Marshall, Michigan, with a workforce of eight employees. Their primary focus is on economic development, the promotion of tourism, business retention, and the growth and development of small businesses. They also support volunteerism within their community. Their mission extends to attracting visitors to the Marshall area, encouraging them to stay, shop, dine, and experience the historic community and events. By doing so, MAEDA aims to stimulate the local economy and contribute to the well-being of the community.
Official website here: www.choosemarshall.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Marshall Area Economic Development has achieved an 84% score on Charity Navigator, reflecting a solid performance in accountability and finance. This score is derived entirely from their high marks in various financial metrics, indicating a well-managed organization focusing on responsible fiscal practices.
The nonprofit boasts a fully independent board and strong oversight measures, receiving perfect scores in areas such as board composition, financial audits, and policies against conflicts of interest. Their program expense ratio is particularly impressive at 97.79%, suggesting that a substantial portion of their funds directly supports their mission-driven programs.
However, there are areas for improvement, notably the absence of whistleblower and document retention policies, which could enhance their governance framework. Additionally, their fundraising efficiency score is low at $0.002, indicating potential challenges in raising funds effectively. Overall, while the organization displays commendable financial practices, addressing these limitations could further strengthen their operations and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Marshall Area Economic Development legitimate?
Marshall Area Economic Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marshall Area Economic Development 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: $397,335
For more financial information, click here
Official website here: www.choosemarshall.com
What is the mission statement of Marshall Area Economic Development?
The Marshall Area Economic Development, as an organization, is committed to driving economic growth and promoting tourism within its sector. It focuses on business retention, small business growth and development, and volunteerism. With a particular emphasis on tourism, the organization aims to attract visitors to stay, shop, dine, and experience the historical community and events. The goal is to enhance the local economy and provide opportunities for businesses to thrive, while also offering a memorable experience to tourists.
Official website here: www.choosemarshall.com
What is the revenue of Marshall Area Economic Development?
Marshall Area Economic Development's revenue in 2023 was $151,641,399.
Official website here: www.choosemarshall.com
Who are the executives of Marshall Area Economic Development and what are their salaries?
The average compensation at Marshall Area Economic Development during 2023 was $66,222. There are 6 employees at Marshall Area Economic Development.
Here are 17 key members and their salaries:
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.choosemarshall.com
Where can I find the form 990 for Marshall Area Economic Development?
Marshall Area Economic Development's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.choosemarshall.com
Learn more at the official website: www.choosemarshall.com
Mission Statement of Marshall Area Economic Development
The Marshall Area Economic Development, a key player in its community, is dedicated to fostering economic growth, promoting tourism, retaining businesses, and aiding in the development and growth of small businesses. Furthermore, it encourages volunteerism. Its mission is multifaceted, aiming to attract visitors to the area, encouraging them to stay, dine, shop, and immerse themselves in the community's historic events. This organization, through its tourism promotions program, works tirelessly to showcase the charm and allure of the Marshall Area, thereby enhancing its appeal to potential tourists.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
Marshall Area Economic Development's impact can be seen through its efforts in economic development, promotion of tourism, business retention, small business growth and development, and volunteerism in the city of Marshall, MI. Its focus on tourism promotions is designed to attract visitors to stay, shop, dine, and enjoy the historic community and events in the area. By actively working towards these goals, Marshall Area Economic Development plays a key role in fostering economic growth, enhancing the local business environment, and showcasing the unique offerings of Marshall to a wider audience.
This information is meant to be a general summary of Marshall Area Economic Development. 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: $30,665
- Gross Receipts: $151,679,838
Assets and Liabilities:
- Total Assets: $870,752
- Total Liabilities: $72,856
- Net Assets: $797,896
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Principal Officer
Jim Durian
Website
www.choosemarshall.comNTEE Category
Code: C99 - Environment
If you are a representative of Marshall Area Economic Development and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.