Overview
What is Easton Economic Development Corp?
Easton Economic Development Corp is a nonprofit organization situated in Easton, Maryland, at 11 S Harrison ST 201. Their primary focus is to stimulate economic growth, promote smart redevelopment, and facilitate business formation. This mission aims to enhance the overall quality of life for all generations in the community. The organization achieves its objectives through various program services, some of which generate revenue, including grant income. With a team of six dedicated employees, Easton Economic Development Corp is actively working towards fostering a vibrant and sustainable economic landscape in the area.
Official website here: www.eastonedc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Easton Economic Development Corp has received a solid Three-Star rating from Charity Navigator, indicating a respectable performance in accountability and finance. The rating is primarily based on its strong governance structure, with 100% of board members being independent and a comprehensive oversight committee in place. This suggests that the organization is committed to maintaining high standards of financial integrity and accountability.
The nonprofit scored particularly well in areas such as program expenses, where it allocated over 83% of its funds directly to programs. Additionally, it has demonstrated a commitment to transparency by listing essential policies such as conflict of interest and document retention on its website. However, the organization is noted to be lacking a whistleblower policy, which could be a potential area for improvement in its governance practices.
On the financial side, Easton Economic Development Corp has a liabilities-to-assets ratio of 73.17%, which may raise some concerns regarding financial stability. Despite this, the organization's overall management of resources and commitment to its mission are commendable, as indicated by the strong program expense ratio and the absence of any material diversion of assets.
This AI summary has been generated from information found on Charity Navigator.
Is Easton Economic Development Corp legitimate?
Easton Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Easton Economic Development Corp 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: $166,338
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.eastonedc.com
What is the mission statement of Easton Economic Development Corp?
The Easton Economic Development Corp's mission is centered around promoting economic growth, intelligent urban revitalization, and fostering new business creation. This initiative is aimed at enhancing the overall quality of life for various generations. The organization provides various program services to support this mission, and a portion of their revenue comes from grant income.
Official website here: www.eastonedc.com
Who is the CEO of Easton Economic Development Corp?
Lloyd L Scott Beatty is the Principal Officer of Easton Economic Development Corp.
Official website here: www.eastonedc.com
What is the revenue of Easton Economic Development Corp?
Easton Economic Development Corp's revenue in 2022 was $530,958.
Official website here: www.eastonedc.com
Who are the executives of Easton Economic Development Corp and what are their salaries?
The average compensation at Easton Economic Development Corp during 2022 was $27,723. There are 6 employees at Easton Economic Development Corp.
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Official website here: www.eastonedc.com
Where can I find the form 990 for Easton Economic Development Corp?
Easton Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eastonedc.com
Learn more at the official website: www.eastonedc.com
Mission Statement of Easton Economic Development Corp
Easton Economic Development Corp is committed to driving economic vitality, smart redevelopment, and business formation. Their mission is geared towards fostering a healthy quality of life for all generations. By focusing on these key areas, the corporation aims to revitalize the economy and contribute to the overall well-being of the community, ensuring a prosperous future for various generations. The corporation's activities are designed to promote sustainable growth and development, thereby enhancing the livability of the community.
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Impact
July, 2024
The Easton Economic Development Corp's impact can be seen in its efforts to drive economic vitality, smart redevelopment, and business formation in Easton, Maryland. By focusing on these areas, the organization plays a crucial role in fostering a healthy quality of life for all generations in the community. Through its program services and initiatives, the Easton Economic Development Corp works towards creating a more robust and sustainable local economy, supporting business growth, and contributing to the overall well-being of residents. Its dedication to community improvement is evident in the positive changes and opportunities it helps to bring about in Easton and the surrounding areas.
This information is meant to be a general summary of Easton Economic Development Corp. 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: $1,057
- Gross Receipts: $530,958
Assets and Liabilities:
- Total Assets: $166,601
- Total Liabilities: $121,913
- Net Assets: $44,688
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Organization Details
Founding Year
2013
Phone
(410) 690-7348Principal Officer
Lloyd L Scott Beatty
Main Address
11 S HARRISON ST 201, EASTON, MD, 21601
Website
www.eastonedc.comNTEE Category
Code: S30 - Community improvement
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