Overview
What is Aliquippa Economic Development Corporation?
The Aliquippa Economic Development Corporation is a nonprofit organization, established with a mission to foster economic growth and enhance the overall well-being of Aliquippa, Pennsylvania. Their primary objective includes supporting the development and expansion of industrial, commercial, and business sites, structures, and facilities. Moreover, they strive to eradicate blight, develop neighborhoods, and back social, educational, and public safety initiatives. These efforts aim to generate or retain employment opportunities and enhance the quality of life for both residents and businesses in or desiring to relocate to Aliquippa.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
The Aliquippa Economic Development Corporation has received a solid rating of 86% from Charity Navigator, resulting in a Three-Star designation. This score reflects strong accountability and financial management, with the organization achieving full marks in several key areas, including having a fully independent board and maintaining a conflict of interest policy. The organization demonstrates effective financial stewardship, as evidenced by a low liability-to-asset ratio and a high percentage of program expenses directed toward its core mission.
Strengths highlighted in the assessment include the board's independence and the organization's commitment to transparency, as shown by its documentation practices and financial reviews. The program expense ratio is impressive, at 75.70%, indicating that a significant portion of their resources is utilized directly for programs rather than administrative costs. This focus on mission-driven spending reinforces the organization's credibility and commitment to its goals.
While the organization has demonstrated a strong performance in accountability and finance, the overall rating is based solely on these aspects. Potential donors and stakeholders may want to consider additional factors such as program outcomes and community impact, which are not captured in the current rating metrics. Nonetheless, the existing strengths position the Aliquippa Economic Development Corporation as a reputable nonprofit in its field.
This AI summary has been generated from information found on Charity Navigator.
Is Aliquippa Economic Development Corporation legitimate?
Aliquippa Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aliquippa Economic Development Corporation 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: $65,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Aliquippa Economic Development Corporation?
The Aliquippa Economic Development Corporation's mission is centered around fostering economic development and enhancing the well-being of its community. This is achieved by assisting in the creation and expansion of industrial, commercial, and business sites. They also work towards removing blight, supporting neighborhood development, and backing social, educational, and public safety initiatives. The primary objective is to create or retain employment opportunities and improve the quality of life for residents and businesses within the corporation's scope.
Who is the CEO of Aliquippa Economic Development Corporation?
Donald Walker Iii is the Chairman of Aliquippa Economic Development Corporation.
What is the revenue of Aliquippa Economic Development Corporation?
Aliquippa Economic Development Corporation's revenue in 2022 was $622,691.
Who are the executives of Aliquippa Economic Development Corporation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Aliquippa Economic Development Corporation?
Aliquippa Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aliquippa Economic Development Corporation
The Aliquippa Economic Development Corporation is a nonprofit organization with a mission to foster economic growth and enhance the overall well-being of the City of Aliquippa. Its primary objective is to facilitate the development and expansion of various business sectors, including industry, commerce, and services. By doing so, the corporation aims to develop and upgrade necessary sites, structures, and facilities.
In addition to promoting economic development, the Aliquippa Economic Development Corporation also works towards improving the city's neighborhoods. This includes removing blight and supporting local social, educational, and public safety initiatives. The organization's ultimate goal is to create or retain employment opportunities and enhance the quality of life for both residents and businesses within the city or those considering relocating there. This holistic approach to community development is essential in fostering a thriving and sustainable economy in Aliquippa.
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Impact
July, 2024
The Aliquippa Economic Development Corporation's impact can be seen through its efforts to create economic development opportunities and improve the general welfare of the City of Aliquippa. By assisting in the development and expansion of industrial, commercial, and business sites, as well as supporting neighborhood development and public safety initiatives, the organization contributes to the overall growth and revitalization of the city. Additionally, by focusing on projects that create or retain employment opportunities and enhance the quality of life for residents and businesses in Aliquippa, the corporation plays a vital role in driving the city's economic prosperity and community well-being.
This information is meant to be a general summary of Aliquippa Economic Development Corporation. 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: -$9,755
- Gross Receipts: $634,627
Assets and Liabilities:
- Total Assets: $1,489,904
- Total Liabilities: $5,021
- Net Assets: $1,484,883
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Organization Details
Founding Year
2014
Principal Officer
Donald Walker Iii
Main Address
801 Franklin Avenue, Aliquippa, PA, 15001
NTEE Category
Code: W99 - Public benefit
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