Overview
What is Deming Luna County Economic Dev Inc?
Deming Luna County Economic Dev Inc is a nonprofit organization headquartered in Deming, New Mexico. Their primary mission is to stimulate economic growth and development within Deming and Luna County. By promoting various initiatives, they aim to foster a thriving local economy in this region of New Mexico.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (73%)
Deming Luna County Economic Development Inc has received a two-star rating from Charity Navigator, indicating areas needing improvement despite a strong score in accountability and finance. The organization has achieved a perfect score in several areas, such as having a majority of independent board members and a low liabilities to assets ratio. Additionally, they have demonstrated a high program expense ratio, ensuring that a significant portion of their funding is directed towards their programs.
However, the nonprofit has several noteworthy limitations, particularly in governance policies. They do not currently have a conflict of interest policy, whistleblower policy, or document retention and destruction policy, which are critical for transparency and accountability. Moreover, their website is listed as missing on their tax form, which may hinder public accessibility to important information.
Overall, while the organization shows financial responsibility and has an independent board structure, the lack of essential governance documents and transparency mechanisms highlights areas for improvement that could enhance their credibility and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Deming Luna County Economic Dev Inc legitimate?
Deming Luna County Economic Dev Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Deming Luna County Economic Dev 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: $0
For more financial information, click here
What is the mission statement of Deming Luna County Economic Dev Inc?
The mission of Deming Luna County Economic Dev Inc is centered around promoting economic development in a comprehensive manner. Their primary goal is to foster economic growth in Deming and Luna County, New Mexico. This includes various activities aimed at stimulating and supporting local businesses, attracting new investment, and creating an environment conducive to economic prosperity. By doing so, they aim to enhance the overall well-being and livelihood of the community.
Who is the CEO of Deming Luna County Economic Dev Inc?
Jamie Walsh is the President of Deming Luna County Economic Dev Inc.
What is the revenue of Deming Luna County Economic Dev Inc?
Deming Luna County Economic Dev Inc's revenue in 2022 was $665,090.
Who are the executives of Deming Luna County Economic Dev Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Deming Luna County Economic Dev Inc?
Deming Luna County Economic Dev Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Deming Luna County Economic Dev Inc
Deming Luna County Economic Dev Inc is an organization devoted to fostering economic growth in Deming and Luna County, New Mexico. Their primary mission is to promote economic development within this region, working tirelessly to create opportunities for businesses and communities alike. By leveraging their resources and expertise, this nonprofit aims to drive sustainable growth and improve the overall economic well-being of the area they serve.
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Impact
July, 2024
Deming Luna County Economic Dev Inc's impact lies in its efforts to promote economic development in Deming and Luna County, New Mexico. Through their activities, they aim to stimulate growth, attract investment, create job opportunities, and enhance the overall prosperity of the community. Their work directly contributes to the economic vitality and sustainability of the region, benefiting residents, businesses, and the local economy as a whole.
This information is meant to be a general summary of Deming Luna County Economic Dev 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: $12
- Program Service Revenue: $3,211
- Gross Receipts: $665,090
Assets and Liabilities:
- Total Assets: $62,598
- Total Liabilities: $36,358
- Net Assets: $26,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,211
Organization Details
Principal Officer
Jamie Walsh
Main Address
PO BOX 706, DEMING, NM, 88031
NTEE Category
Code: B01 - Education
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