Overview
What is Allen County-Scottsville Industrial Development Authority Inc?
The Allen County-Scottsville Industrial Development Authority Inc, situated in Scottsville, Kentucky, serves as a nonprofit entity dedicated to the prosperity of its community. Its primary objective is to attract new industries to the Scottsville/Allen County area, while simultaneously boosting the growth of existing industries. By identifying potential industries, negotiating their inclusion, and financing their establishment, the organization aims to benefit the community as a whole. With a small team of two employees, the authority is actively engaged in fostering economic development and industry expansion, thereby contributing to the overall well-being of the region.
Official website here: www.scottsvillegrowth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%
The Allen County-Scottsville Industrial Development Authority Inc has received a Three-Star out of Four Star rating, reflecting an overall score of 84%. This score is derived from a strong performance in Accountability & Finance metrics, indicating that the organization demonstrates a solid commitment to financial responsibility and transparency.
Strengths of the organization include a fully independent board of directors, which is a positive sign for governance practices. The authority has also shown a robust financial management capability, with no reported material diversion of assets and a healthy liabilities-to-assets ratio. Program expenses are a significant portion of their budget, showcasing their focus on mission-related activities.
However, the organization has noted a lack of certain policies, specifically a conflict of interest policy and a whistleblower policy, both of which are essential for maintaining accountability and ethical standards. Addressing these gaps could enhance their governance framework and overall trustworthiness in the eyes of stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Allen County-Scottsville Industrial Development Authority Inc legitimate?
Allen County-Scottsville Industrial Development Authority Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allen County-Scottsville Industrial Development Authority Inc 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: $0
For more financial information, click here
Official website here: www.scottsvillegrowth.com
What is the mission statement of Allen County-Scottsville Industrial Development Authority Inc?
The Allen County-Scottsville Industrial Development Authority Inc's mission is centered around identifying potential new industries and facilitating their integration into the community. The organization also engages in negotiations and provides financing to accommodate these new industries. Additionally, they offer assistance to existing industries, helping them meet requirements that will ultimately benefit the community as a whole. The primary goal of this authority is to stimulate economic growth and development within the community. During the recent fiscal year, they continued their efforts to attract new industries and strengthen existing ones.
Official website here: www.scottsvillegrowth.com
Who is the CEO of Allen County-Scottsville Industrial Development Authority Inc?
Jordan Clarke is the Director of Allen County-Scottsville Industrial Development Authority Inc.
Official website here: www.scottsvillegrowth.com
What is the revenue of Allen County-Scottsville Industrial Development Authority Inc?
Allen County-Scottsville Industrial Development Authority Inc's revenue in 2022 was $1,074,747.
Official website here: www.scottsvillegrowth.com
Who are the executives of Allen County-Scottsville Industrial Development Authority Inc and what are their salaries?
There are 2 employees at Allen County-Scottsville Industrial Development Authority Inc.
Here are 6 key members and their salaries:
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Official website here: www.scottsvillegrowth.com
Where can I find the form 990 for Allen County-Scottsville Industrial Development Authority Inc?
Allen County-Scottsville Industrial Development Authority Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scottsvillegrowth.com
Learn more at the official website: www.scottsvillegrowth.com
Mission Statement of Allen County-Scottsville Industrial Development Authority Inc
The Allen County-Scottsville Industrial Development Authority Inc is a dedicated organization that strives to achieve two primary objectives. Its mission is centered around identifying potential industries that could contribute positively to the community and facilitating their inclusion. Furthermore, the authority also aims to assist existing industries in meeting their needs in a manner that benefits the community as a whole. By doing so, the organization seeks to foster growth and development within the community, ultimately improving its overall well-being.
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Impact
July, 2024
The Allen County-Scottsville Industrial Development Authority Inc plays a crucial role in attracting new industries to the Scottsville/Allen County area and supporting existing industries. By identifying, negotiating, and financing the inclusion of new businesses, the Authority contributes to the economic growth and prosperity of the community. Its efforts not only help create employment opportunities but also enhance the overall development of the region. The impact of the Authority extends beyond individual businesses to benefit the community as a whole, fostering growth and prosperity.
This information is meant to be a general summary of Allen County-Scottsville Industrial Development Authority Inc. 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: $469,046
- Program Service Revenue: $244,800
- Gross Receipts: $1,479,737
Assets and Liabilities:
- Total Assets: $14,458,403
- Total Liabilities: $10,553,843
- Net Assets: $3,904,560
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
120 INDUSTRIAL DRIVE
Revenue
$244,800
Organization Details
Founding Year
2013
Phone
(270) 237-4062Principal Officer
Jordan Clarke
Main Address
PO BOX 490, SCOTTSVILLE, KY, 42164
Website
www.scottsvillegrowth.comNTEE Category
Code: S99 - Community improvement
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