Overview
What is One Sumter Economic Development Foundation Inc?
One Sumter Economic Development Foundation Inc, based in Americus, Georgia, serves as a catalyst for enhancing economic growth and development in Sumter County and its municipalities. The organization's primary focus is on supporting new business development and downtown rejuvenation. To achieve this, they engage in various activities such as next site consulting, fostering community and regional partnerships, and driving the Grow 2024 Capital Campaign. Their endeavors extend beyond just economic development, encompassing workforce development, marketing, communications, and transportation efforts, all aimed at improving the overall economic landscape of Sumter County, Georgia. The foundation, with a team of two dedicated individuals, is committed to its mission.
Official website here: www.onesumter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates that while the One Sumter Economic Development Foundation Inc demonstrates some strengths in their operations, there are significant areas that require improvement, particularly in their governance practices.
The organization has a strong financial performance, with a program expense ratio of 83.94%, which suggests that a substantial portion of their funding is directed towards their programs. Additionally, they score well in accountability measures such as the majority of independent board members and a favorable liabilities to assets ratio. These aspects highlight a commitment to effective financial management and operational transparency.
However, critical limitations are evident, particularly the absence of a conflict of interest policy and a whistleblower policy, both of which are essential for promoting ethical governance. The lack of these policies raises concerns about oversight and accountability within the organization. Overall, while the One Sumter Economic Development Foundation Inc shows promise through its financial practices, addressing governance deficiencies is necessary to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about One Sumter Economic Development Foundation Inc?
100% of 7 reviewers on Facebook recommend One Sumter Economic Development Foundation Inc. Here is a summary of their reviews:
Reviewers commend the organization for its commitment to the community and its vision for the future of Sumter County. The foundation is praised for its focus on economic development that benefits local residents, showcasing a strong dedication to improving the area.
Overall, those who have engaged with the foundation express a high level of satisfaction, indicating that it effectively fulfills its mission and generates positive impacts within the community.
This AI summary has been generated from reviews found on Facebook.
Is One Sumter Economic Development Foundation Inc legitimate?
One Sumter Economic Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. One Sumter Economic Development Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,370
For more financial information, click here
Official website here: www.onesumter.org
What is the mission statement of One Sumter Economic Development Foundation Inc?
The One Sumter Economic Development Foundation Inc is committed to enhancing and promoting economic development in its region. This includes fostering workforce development, marketing and communications efforts, and transportation initiatives. The organization actively supports projects designed to boost economic growth, attract new businesses, and revitalize downtown areas. Through initiatives such as Next Site Consulting, community and regional partnerships, and the Grow 2024 Capital Campaign, the foundation aims to contribute to the overall economic development of the region.
Official website here: www.onesumter.org
Who is the CEO of One Sumter Economic Development Foundation Inc?
Alex Saratsiotis is the Director of One Sumter Economic Development Foundation Inc.
Official website here: www.onesumter.org
What is the revenue of One Sumter Economic Development Foundation Inc?
One Sumter Economic Development Foundation Inc's revenue in 2022 was $1,060,926.
Official website here: www.onesumter.org
Who are the executives of One Sumter Economic Development Foundation Inc and what are their salaries?
The average compensation at One Sumter Economic Development Foundation Inc during 2022 was $13,185. There are 2 employees at One Sumter Economic Development Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.onesumter.org
Where can I find the form 990 for One Sumter Economic Development Foundation Inc?
One Sumter Economic Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.onesumter.org
Learn more at the official website: www.onesumter.org
Mission Statement of One Sumter Economic Development Foundation Inc
One Sumter Economic Development Foundation Inc is committed to enhancing and promoting economic development in Sumter County, Georgia. Their mission encompasses various initiatives, including workforce development, marketing and communications, and transportation efforts. The organization plays a crucial role in developing and promoting projects designed to enhance economic growth, encourage new business growth, and facilitate downtown redevelopment in Sumter County and its municipalities. They achieve this by supporting initiatives such as Next Site Consulting, community and regional partnerships, and the Grow 2024 Capital Campaign. By undertaking these activities, One Sumter Economic Development Foundation Inc aims to contribute positively to the economic well-being of the community.
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Impact
July, 2024
One Sumter Economic Development Foundation Inc has significantly contributed to the enhancement and promotion of economic development in Sumter County, Georgia. Through various projects and initiatives, the organization has played a key role in encouraging new business growth, downtown redevelopment, and overall economic prosperity in the region. By supporting site consulting, fostering community and regional partnerships, and spearheading the GROW 2024 capital campaign, One Sumter has effectively driven economic development efforts in Sumter County and its municipalities. Additionally, the foundation's focus on workforce development, marketing, communications, and transportation improvements has further bolstered the local economy. One Sumter's impact extends beyond monetary investments, as it has played a crucial role in community improvement and long-term economic sustainability in Sumter County.
This information is meant to be a general summary of One Sumter Economic Development Foundation 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: $790
- Gross Receipts: $1,060,926
Assets and Liabilities:
- Total Assets: $1,201,298
- Total Liabilities: $20,000
- Net Assets: $1,181,298
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Organization Details
Founding Year
2015
Phone
(229) 924-3042Principal Officer
Alex Saratsiotis
Main Address
P O BOX 6714, AMERICUS, GA, 31079
Website
www.onesumter.orgNTEE Category
Code: S30 - Community improvement
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