Overview
What is Clay County Economic Development Corporation?
The Clay County Economic Development Corporation, situated in Fleming Island, Florida, serves as a catalyst for high-wage job creation and capital investment in the county. By attracting and supporting high-wage employers, as well as nurturing the growth of existing businesses, this nonprofit organization aims to provide a diverse economic landscape, boost the non-residential tax base, and enhance the overall business climate in Clay County. As a result of their efforts, they have facilitated over $700 million in real estate, infrastructure, and investment projects, leading to the creation of over 200 new high-wage jobs with an additional 250 expected in 2023. With a team of three dedicated professionals, the corporation plays a significant role in improving the quality of life for Clay County's citizens and families.
Official website here: www.chooseclay.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star rating
The Clay County Economic Development Corporation has achieved an impressive 96% score, reflecting a strong commitment to accountability and finance. Its Four-Star rating indicates a robust operational framework, particularly with all board members being independent, which is crucial for maintaining ethical governance. The organization demonstrates effective financial management, as evidenced by its low liabilities to assets ratio of 3.03% and a program expense ratio of 84.17%, showing a significant investment in its mission-driven activities.
The corporation maintains comprehensive policies, including conflict of interest and document retention, ensuring transparency in its operations. However, it is noted that the organization is missing a whistleblower policy, which could enhance its accountability measures. Despite this limitation, the overall fiscal health and strong governance practices reflect positively on the organization's capability to fulfill its mission.
Overall, the Clay County Economic Development Corporation stands out for its high standards in financial accountability and independent oversight, making it a trustworthy entity in the nonprofit sector. Stakeholders can feel confident in the effective utilization of resources towards economic development initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Clay County Economic Development Corporation?
It appears that there are three reviews currently available for the Clay County Economic Development Corporation, but they are not yet rated. However, one user highlighted the effectiveness of Bill and his team in promoting the various advantages of Clay County, including its natural beauty, supportive business environment, and excellent school system.
Overall, the sentiment from this feedback is quite positive, indicating that the organization is perceived as a valuable resource for local businesses. It suggests that the team is actively engaged in showcasing what the county has to offer, making it a beneficial entity for economic development.
In summary, while the number of reviews is limited, it’s clear that the Clay County Economic Development Corporation is committed to helping businesses thrive in the region and is appreciated for its efforts in highlighting the area's strengths.
This AI summary has been generated from reviews found on Facebook.
Is Clay County Economic Development Corporation legitimate?
Clay County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clay County 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: $248,415
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.chooseclay.org
What is the mission statement of Clay County Economic Development Corporation?
The mission of the Clay County Economic Development Corporation is centered around stimulating the creation of high-wage jobs and encouraging investment in the area. This is achieved through attracting new high-wage businesses, supporting the growth of existing ones, and fostering the development of start-ups with the potential to generate new employment opportunities. The ultimate goal is to enhance the local economy, broaden its tax base, and improve the overall business environment in Clay County, thereby contributing positively to the quality of life for its residents.
Official website here: www.chooseclay.org
Who is the CEO of Clay County Economic Development Corporation?
Cador C Powell is the President of Clay County Economic Development Corporation.
Official website here: www.chooseclay.org
What is the revenue of Clay County Economic Development Corporation?
Clay County Economic Development Corporation's revenue in 2022 was $541,743.
Official website here: www.chooseclay.org
Who are the executives of Clay County Economic Development Corporation and what are their salaries?
The average compensation at Clay County Economic Development Corporation during 2022 was $82,805. There are 3 employees at Clay County Economic Development Corporation.
Here are 17 key members and their salaries:
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Official website here: www.chooseclay.org
Where can I find the form 990 for Clay County Economic Development Corporation?
Clay County Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chooseclay.org
Learn more at the official website: www.chooseclay.org
Mission Statement of Clay County Economic Development Corporation
The Clay County Economic Development Corporation is dedicated to fostering the creation of high-paying jobs and stimulating taxable capital investment within Clay County, Florida. To achieve this goal, the organization focuses on attracting high-wage employers to the region, bolstering the expansion of existing businesses, and supporting the growth of start-ups that have the potential to generate new high-wage job opportunities. By pursuing these objectives, the Clay County Economic Development Corporation strives to enhance the local economy's diversity, expand the non-residential tax base, and enhance the overall business climate and quality of life for the county's residents and families.
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Impact
July, 2024
The Clay County Economic Development Corporation has had a significant impact on the local economy of Clay County, Florida. Through its efforts to promote high-wage job creation and taxable capital investment, the organization has supported over $700 million in real estate, infrastructure, and capital investment projects in the area. This has resulted in the creation of over 200 new high-wage jobs, with an additional 250 slated to be created in 2023.
By focusing on business recruitment, expansion, and support for start-up ventures, the Economic Development Corporation is helping to diversify the local economy, grow the non-residential tax base, and improve the overall business climate in Clay County. These efforts not only benefit the businesses involved but also contribute to the quality of life for local citizens and families.
This information is meant to be a general summary of Clay County 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.
- Gross Receipts: $541,743
Assets and Liabilities:
- Total Assets: $238,339
- Total Liabilities: $4,932
- Net Assets: $233,407
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Organization Details
Founding Year
2014
Phone
(904) 375-9394Principal Officer
Cador C Powell
Main Address
1845 Town Center Blvd Suite 110B, Fleming Island, FL, 32003
Website
www.chooseclay.orgNTEE Category
Code: S30 - Community improvement
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