Overview
What is The Dallas Ec?
The Dallas Ec, officially known as the Dallas Entrepreneur Center, is a nonprofit organization situated in Dallas, Texas. With a mission to foster economic development in the city, they encourage and equip the entrepreneurial community to thrive and contribute to one of the world's leading startup ecosystems. They achieve this by providing offices, coworking spaces, and necessary equipment, which in turn helps local entrepreneurs to launch, grow, and sustain their businesses. With a dedicated workforce of 18 individuals, the Dallas Ec is committed to nurturing the entrepreneurial spirit in Dallas, ultimately aiming to elevate the city as a global hub for startups. Their unique offerings include offices, coworking spaces, and essential resources, all designed to support entrepreneurs in their journey towards business success.
Official website here: www.thedec.co
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars
The Dallas Ec has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 48%, the organization has a mixed record, showing strengths in areas such as an entirely independent board and proper documentation of board meeting minutes. However, the organization struggles notably in its financial stability and transparency, as evidenced by a poor liabilities to assets ratio and a low program expense ratio.
One of the major limitations of The Dallas Ec is its lack of essential policies, including conflict of interest and whistleblower policies, which are critical for ensuring ethical governance and transparency. Additionally, the organization has a troubling fundraising efficiency ratio, suggesting that a substantial portion of funds may not be effectively utilized for its intended programs.
While there are some positive aspects, such as compliance in documenting board interactions and maintaining an independent board size, the overall financial health and governance practices need substantial improvement. Potential donors and stakeholders should exercise caution and seek further information before engaging with this organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Dallas Ec legitimate?
The Dallas Ec is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Dallas Ec 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: $206,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $655,295
For more financial information, click here
Official website here: www.thedec.co
What is the mission statement of The Dallas Ec?
The Dallas Entrepreneur Center, as an organization, is committed to fostering economic growth by inspiring and equipping the entrepreneurial community to establish one of the leading startup ecosystems globally. Their purpose is to encourage and empower businesses at their inception, growth, and expansion stages. To achieve this, they provide workspace, collaborative spaces, and necessary equipment to support the entrepreneurial community in Dallas. By doing so, they aim to contribute to the development of a strong and innovative business environment.
Official website here: www.thedec.co
Who is the CEO of The Dallas Ec?
William J Chinn is the Ceo And Director of The Dallas Ec. The CEO's salary of The Dallas Ec is $206,000 and their total compensation is $206,561.
Official website here: www.thedec.co
What is the revenue of The Dallas Ec?
The Dallas Ec's revenue in 2022 was $2,165,533.
Official website here: www.thedec.co
Who are the executives of The Dallas Ec and what are their salaries?
The average compensation at The Dallas Ec during 2022 was $47,850. There are 18 employees and 534 volunteers at The Dallas Ec.
Here are 29 key members and their salaries (The Dallas Ec's CEO's salary is $206,000 and their total compensation is $206,561):
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Official website here: www.thedec.co
Where can I find the form 990 for The Dallas Ec?
The Dallas Ec's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thedec.co
Learn more at the official website: www.thedec.co
Mission Statement of The Dallas Ec
The Dallas Entrepreneur Center, often referred to as The Dallas Ec, is committed to fostering economic growth in Dallas by inspiring and empowering its entrepreneurial community to establish a leading startup ecosystem worldwide. Its primary purpose is to motivate and equip this community, enabling them to launch, develop, and expand their businesses successfully. To achieve this mission, The Dallas Ec offers functional workspaces, coworking areas, and essential equipment, providing a conducive environment for budding entrepreneurs to thrive and make their ventures flourish.
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Impact
July, 2024
The Dallas Ec's impact is to encourage economic development in Dallas by fostering and supporting the entrepreneurial community to create one of the best startup ecosystems globally. It provides offices, coworking spaces, and equipment to empower entrepreneurs to initiate, develop, and expand their businesses. This support contributes to the growth and success of startups in Dallas, ultimately boosting the city's economy and innovation landscape.
This information is meant to be a general summary of The Dallas Ec. 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.
- Program Service Revenue: $27,075
- Gross Receipts: $2,165,533
Assets and Liabilities:
- Total Assets: $992,235
- Total Liabilities: $800,509
- Net Assets: $191,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VENUE RENTAL INCOME
Revenue
$27,075
Organization Details
Founding Year
2013
Phone
(214) 659-1620Principal Officer
William J Chinn
Main Address
3662 W CAMP WISDOM ROAD 2044, DALLAS, TX, 75237
Website
www.thedec.coNTEE Category
Code: Z99 - Unknown
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