Elk County Development Corporation

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)

The Elk County Development Corporation has achieved a high score of 100% for Accountability & Finance, indicating strong governance and financial management practices. The organization boasts a fully independent board, with all 10 members meeting the accountability criteria. This is a significant strength, as it suggests a commitment to ethical operations and oversight without conflicts of interest.

However, despite these strengths, the organization has several critical areas where it falls short. The absence of key policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy has resulted in low scores in these areas. Moreover, important information, like the organization's website listed on the tax form and tax forms posted on the nonprofit’s website, is missing, which impacts transparency and accessibility for stakeholders.

Overall, while the Elk County Development Corporation demonstrates effective financial management and governance, the lack of essential policies and online transparency raises concerns. Addressing these issues is crucial for improving the organization's rating and fostering greater trust among its supporters and the community.

This AI summary has been generated from information found on Charity Navigator.

Elk County Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elk County 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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