Overview
What is International Economic Development Council?
The International Economic Development Council (IEDC) is a nonprofit organization situated in Washington D.C. Their primary mission is to enhance the capabilities of economic developers by providing them with relevant information and resources. The IEDC achieves this through various means, including disseminating research, publications, and trend updates. Moreover, they offer networking opportunities, professional development courses, and numerous other services. The IEDC's vision is to help its members create high-quality jobs, develop vibrant communities, and ultimately improve the quality of life in their respective regions. Their advisory services and research department work tirelessly to create sustainable economic development solutions, offering technical assistance and customized analyses. With a staff of 46 dedicated individuals, the IEDC plays a crucial role in the economic development sector.
Official website here: www.iedconline.org
What are the reviews and ratings of this charity?
The International Economic Development Council has a "Needs Improvement" rating of 69% with a Two-Star out of Four Star rating on Charity Navigator. This rating is based entirely on Accountability & Finance metrics. The organization scores well in several areas such as having an independent board and financial audits, but it lacks a whistleblower policy and does not post its tax form on its website, contributing to its lower score.
The Council demonstrates strong governance structures, with nearly complete board independence and thorough financial oversight practices. The absence of substantial financial irregularities is a positive marker. However, the Program Expense Ratio is notably low at just over 51%, suggesting limited funds are allocated directly to its programs, which affects their overall financial efficiency score.
Despite the lower financial efficiency, the organization appears to be well supported by government and public contributions. Leadership compensation is standard for the sector, but lacks the disclosure of impact and adaptation measures. Without user reviews from GreatNonprofits, public perception and qualitative insights into stakeholder satisfaction remain unreported.
This AI summary has been generated from information found on Charity Navigator.
Is International Economic Development Council legitimate?
International Economic Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Economic Development Council 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: $922,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,397,102
For more financial information, click here
Official website here: www.iedconline.org
What is the mission statement of International Economic Development Council?
The International Economic Development Council (IEDC) aims to assist economic developers in performing their roles more effectively, ultimately leading to the creation of high-quality jobs, the development of vibrant communities, and an improvement in the overall quality of life in various regions. To achieve this goal, IEDC provides valuable resources such as insights on trends and best practices, networking opportunities, and professional development courses. Additionally, the organization offers numerous other services to support its members in their endeavors. By successfully executing its mission, IEDC contributes to the enhancement of economic growth and prosperity on a broader scale.
Official website here: www.iedconline.org
Who is the CEO of International Economic Development Council?
Nathan Ohle is the Board Chair of International Economic Development Council. The CEO's salary of International Economic Development Council is $255,413 and their total compensation is $287,942.
Official website here: www.iedconline.org
What is the revenue of International Economic Development Council?
International Economic Development Council's revenue in 2022 was $11,311,787.
Official website here: www.iedconline.org
Who are the executives of International Economic Development Council and what are their salaries?
The average compensation at International Economic Development Council during 2022 was $72,163. There are 46 employees at International Economic Development Council.
Here are 66 key members and their salaries (International Economic Development Council's CEO's salary is $255,413 and their total compensation is $287,942):
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Official website here: www.iedconline.org
Where can I find the form 990 for International Economic Development Council?
International Economic Development Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iedconline.org
Learn more at the official website: www.iedconline.org
Mission Statement of International Economic Development Council
The International Economic Development Council (IEDC) is dedicated to assisting economic developers in carrying out their roles more efficiently and effectively. By successfully achieving this goal, IEDC's members contribute to the creation of high-quality jobs, the development of more vibrant communities, and an overall improvement in the quality of life in their respective regions. To achieve these objectives, IEDC provides valuable information on trends and best practices, offers numerous networking opportunities, and delivers professional development courses. These resources empower economic developers to perform their tasks more effectively, ultimately benefiting their communities. In essence, IEDC plays a significant role in supporting and enhancing the economic development profession.
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Impact
July, 2024
The International Economic Development Council (IEDC) has a significant impact on economic development professionals and communities around the world. By providing information on trends and best practices, networking opportunities, professional development courses, and other services, IEDC helps economic developers do their jobs more effectively. As a result, member organizations are able to create more high-quality jobs, develop vibrant communities, and improve the overall quality of life in their regions.
Additionally, the IEDC Advisory Services and Research (ASR) department works to improve economic opportunities for communities and regions by providing technical assistance and customized analysis to create sustainable economic development solutions. By keeping economic development professionals informed on issues and trends in the field through research, publications, and information dissemination, IEDC plays a crucial role in supporting the growth and prosperity of various regions.
Overall, the work of the International Economic Development Council has a positive impact on economic development efforts, helping to build stronger economies and better communities worldwide.
This information is meant to be a general summary of International Economic Development Council. 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: $37,885
- Program Service Revenue: $6,712,838
- Gross Receipts: $11,311,787
Assets and Liabilities:
- Total Assets: $12,005,154
- Total Liabilities: $4,213,906
- Net Assets: $7,791,248
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE
Revenue
$2,657,186
MEMBER DUES
Revenue
$1,551,831
EDUCATION/CERTIFICATION
Revenue
$1,431,969
ADVISORY SERVICES
Revenue
$878,947
EMPLOYMENT SERVICES
Revenue
$192,905
Organization Details
Founding Year
2001
Phone
(202) 223-4735Principal Officer
Nathan Ohle
Main Address
1275 K STREET NW, WASHINGTON, DC, 20005
Website
www.iedconline.orgNTEE Category
Code: Q320 - International
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