Overview
What is Saratoga County Prosperity Partnership Inc?
Saratoga County Prosperity Partnership Inc is a nonprofit organization located at 28 Clinton Street, 2nd Floor, Saratoga Springs, NY 12866. Their primary mission is to foster sustainable job growth and capital investment within the county. They achieve this by attracting new businesses to the area and supporting existing businesses in expansion. This is accomplished through various activities, including business attraction, retention, and leveraging investments from global companies like GlobalFoundries and Luther Forest Technologies Campus. The organization also maintains relationships with public officials at all levels of government to promote economic prosperity in Saratoga County.
Official website here: www.saratogapartnership.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
Saratoga County Prosperity Partnership Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The rating signifies that the organization is highly transparent and financially responsible, with a score of 90% in this category. This score demonstrates the organization's commitment to effective governance and responsible management of resources.
The organization excels in various metrics, particularly in having a fully independent board, which is essential for impartial decision-making. Notably, all members of the board are independent, and there are no reported material diversions of assets, indicating strong ethical standards. The organization's financial health is also robust, with a liabilities to assets ratio of 0.00%, which suggests that it operates without debt.
However, while the organization performs well in financial accountability, the summary does not provide insights into program effectiveness or impact, which are important for assessing the full scope of its operations. Overall, the Saratoga County Prosperity Partnership Inc stands out for its governance and fiscal responsibility, making it a trustworthy nonprofit in its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Saratoga County Prosperity Partnership Inc legitimate?
Saratoga County Prosperity Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saratoga County Prosperity Partnership 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.saratogapartnership.org
What is the mission statement of Saratoga County Prosperity Partnership Inc?
The Saratoga County Prosperity Partnership Inc's mission is centered around securing sustainable jobs and capital investment. They achieve this by attracting new businesses to the county and assisting existing businesses to grow, thereby retaining them. The partnership's mission relies on several activities, including business attraction, business retention and expansion, leveraging investments from global companies, and maintaining relationships with government officials at various levels.
Official website here: www.saratogapartnership.org
Who is the CEO of Saratoga County Prosperity Partnership Inc?
Maria Moran is the Director of Saratoga County Prosperity Partnership Inc.
Official website here: www.saratogapartnership.org
What is the revenue of Saratoga County Prosperity Partnership Inc?
Saratoga County Prosperity Partnership Inc's revenue in 2022 was $70,874.
Official website here: www.saratogapartnership.org
Who are the executives of Saratoga County Prosperity Partnership Inc and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.saratogapartnership.org
Where can I find the form 990 for Saratoga County Prosperity Partnership Inc?
Saratoga County Prosperity Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.saratogapartnership.org
Learn more at the official website: www.saratogapartnership.org
Mission Statement of Saratoga County Prosperity Partnership Inc
Saratoga County Prosperity Partnership Inc is committed to securing sustainable jobs and attracting capital investment by fostering business growth. Their mission is twofold: firstly, they aim to draw new businesses to the county, and secondly, they assist existing businesses in expanding and retaining their operations. The organization's strategies to fulfill this mission include business attraction, retention, and expansion, leveraging investments from companies like GlobalFoundries and Luther Forest Technologies Campus, and establishing and maintaining relationships with public officials at various levels of government. This proactive approach enables Saratoga County Prosperity Partnership Inc to contribute significantly to the economic growth and job market of the county.
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Impact
August, 2024
Saratoga County Prosperity Partnership Inc has a significant impact on the economic development of Saratoga County, NY. By focusing on business attraction, retention, and expansion, the organization plays a vital role in securing sustainable jobs and capital investment for the county. Through leveraging investments from key entities like GLOBALFOUNDRIES and Luther Forest Technology Campus, the Partnership is able to support the growth of local businesses and foster economic prosperity in the region. Additionally, by establishing and maintaining relationships with public officials at all levels of government, the organization is able to advocate for policies and initiatives that promote the overall well-being of the community. Overall, Saratoga County Prosperity Partnership Inc's efforts contribute to the improvement and success of the local business environment, ultimately benefitting the residents and economy of Saratoga Springs and beyond.
This information is meant to be a general summary of Saratoga County Prosperity Partnership 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.
- Investment Income: -$9,301
- Gross Receipts: $80,175
Assets and Liabilities:
- Total Assets: $191,015
- Total Liabilities: $0
- Net Assets: $191,015
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Organization Details
Founding Year
2014
Phone
(518) 884-4742Principal Officer
Maria Moran
Main Address
28 CLINTON ST 2ND FLOOR, SARATOGA SPGS, NY, 12866
Website
www.saratogapartnership.orgNTEE Category
Code: S30 - Community improvement
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