Overview
What is Cuming County Economic Development Inc?
Cuming County Economic Development Inc, based in West Point, Nebraska, is a nonprofit organization with a mission to stimulate economic growth in the area. They achieve this by providing two primary grants: the Business Improvement Grant and the Demolition Grant. The former encourages local businesses to invest in their infrastructure, covering the costs of signage and exterior upgrades. The latter, on the other hand, encourages the demolition of outdated homes and buildings to pave the way for redevelopment. With a team of two dedicated individuals, their goal is to attract and retain businesses, ultimately aiming to alleviate the area's depressed economic status and low income.
Official website here: www.sweethomecumingcounty.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 73%)
Cuming County Economic Development Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. The organization scored 73% overall, with specific strengths in its independent board composition and strong program expense ratio, demonstrating effective allocation of funds towards its mission. The accountability and finance score reflects a commitment to governance, especially with 100% of board members being independent.
However, the organization faces significant gaps in transparency and policy implementation. Notably, it lacks a whistleblower policy and document retention procedures, which are crucial for maintaining accountability. Additionally, financial statements are missing, which has resulted in a low score in that area, indicating a lack of accessible financial information for stakeholders.
While Cuming County Economic Development Inc is making strides in certain areas, the absence of essential documentation and policies may hinder donor confidence and long-term sustainability. Improving these aspects could enhance overall operations and strengthen public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Cuming County Economic Development Inc legitimate?
Cuming County Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cuming County Economic Development 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.
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Official website here: www.sweethomecumingcounty.com
What is the mission statement of Cuming County Economic Development Inc?
Cuming County Economic Development Inc's mission is centered around stimulating business growth in the area. Their main objective is to encourage the retention and attraction of businesses, aiming to alleviate the depressed economic status and low income prevalent in the region. To accomplish this, they offer various grants. The Business Improvement Grant encourages local businesses to invest in their infrastructure by providing funds for signage and exterior upgrades. On the other hand, the Demolition Grant encourages the demolition of local homes and buildings that have reached their functional life, with the goal of fostering redevelopment. The organization's activities are designed to boost the local economy and improve the overall living conditions for the community.
Official website here: www.sweethomecumingcounty.com
Who is the CEO of Cuming County Economic Development Inc?
Chet Mcwhorter is the Officer of Cuming County Economic Development Inc.
Official website here: www.sweethomecumingcounty.com
What is the revenue of Cuming County Economic Development Inc?
Cuming County Economic Development Inc's revenue in 2022 was $541,797.
Official website here: www.sweethomecumingcounty.com
Who are the executives of Cuming County Economic Development Inc and what are their salaries?
There are 2 employees and 9 volunteers at Cuming County Economic Development Inc.
Here are 9 key members and their salaries:
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Official website here: www.sweethomecumingcounty.com
Where can I find the form 990 for Cuming County Economic Development Inc?
Cuming County Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sweethomecumingcounty.com
Learn more at the official website: www.sweethomecumingcounty.com
Mission Statement of Cuming County Economic Development Inc
Cuming County Economic Development Inc, a nonprofit organization, is committed to encouraging the retention and attraction of businesses in its area. The primary goal is to alleviate the depressed economic status and low income prevalent throughout Cuming County. To achieve this, the organization offers two key initiatives.
Firstly, the Business Improvement Grant is designed to motivate local businesses to invest in their infrastructure. This grant finances essential upgrades such as signage and exterior renovations, thereby enhancing the overall appearance and appeal of the businesses.
Secondly, the Demolition Grant is implemented to encourage the demolition of local homes and buildings that have reached the end of their functional life. This initiative aims to stimulate redevelopment within the community, fostering a sense of renewal and progress. By implementing these grants, Cuming County Economic Development Inc is actively contributing to the economic growth and development of the area.
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Impact
July, 2024
Cuming County Economic Development Inc's impact can be seen in the revitalization of businesses and infrastructure in Cuming County, Nebraska. By providing business improvement grants for local businesses to invest in their infrastructure, such as signage and exterior upgrades, they are helping stimulate economic growth and development in the area. Additionally, their demolition grants encourage the removal of buildings that have reached the end of their functional life, paving the way for new redevelopment projects. Overall, Cuming County Economic Development Inc is playing a crucial role in encouraging the retention and attraction of businesses in the area, which in turn helps to alleviate the depressed economic status and low income levels throughout Cuming County.
This information is meant to be a general summary of Cuming County Economic Development 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.
- Gross Receipts: $541,797
Assets and Liabilities:
- Total Assets: $913,560
- Total Liabilities: $51,661
- Net Assets: $861,899
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Organization Details
Founding Year
2014
Phone
(402) 372-6002Principal Officer
Chet Mcwhorter
Main Address
PO BOX 17, WEST POINT, NE, 68788
NTEE Category
Code: S30 - Community improvement
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