Overview
What is Anacostia Economic Development Corporation?
The Anacostia Economic Development Corporation, located at 1800 MARTIN LUTHER KING JR AVE SE, Washington DC 20020, is a dedicated nonprofit organization with a mission to elevate the economic, social, and educational well-being of residents in the Anacostia/Far Southeast areas of Washington, D.C. To accomplish this, they offer technical assistance to small businesses operating in Ward 7 and 8, contributing to the overall economic development needs of the region. With a workforce of 12 individuals, they are committed to fostering a thriving and prosperous community.
Official website here: www.anacostiacdc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
The Anacostia Economic Development Corporation has achieved an 88% rating from Charity Navigator, reflecting its solid performance in accountability and finance. This score is derived entirely from its accountability metrics, indicating a strong emphasis on financial integrity and transparency. The organization has a fully independent board and has demonstrated no material diversion of assets, which contributes positively to its overall score.
Strengths of the organization include a high percentage of program expenses, at 86.83%, which suggests that a significant portion of its funds is directed towards its mission-driven programs. Additionally, the presence of an audit and oversight committee, alongside well-maintained board meeting minutes, highlights a robust governance structure. However, the absence of a whistleblower policy may be a concern for some stakeholders who prioritize comprehensive governance guidelines.
Overall, the Anacostia Economic Development Corporation showcases a commendable commitment to financial accountability, with a well-structured board and effective program funding. Although improvements could be made in policy documentation, its current standing reflects positively on its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Anacostia Economic Development Corporation legitimate?
Anacostia Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anacostia Economic 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: $282,758
For more financial information, click here
Official website here: www.anacostiacdc.com
What is the mission statement of Anacostia Economic Development Corporation?
The Anacostia Economic Development Corporation's mission is centered around enhancing the economic, social, educational, and welfare standards of its community. Specifically, its aim is to address the overall economic development needs of the Anacostia and Far Southeast areas in Washington, D.C. This non-profit organization strives to uplift the residents of these areas, aiming to contribute positively to their well-being and quality of life. Additionally, it provides technical support to small businesses, focusing on Ward 7 and 8, as part of its broader commitment to community development.
Official website here: www.anacostiacdc.com
Who is the CEO of Anacostia Economic Development Corporation?
Stanley Jackson is the Chairperson of Anacostia Economic Development Corporation. The CEO's salary of Anacostia Economic Development Corporation is $26,425 and their total compensation is $190,750.
Official website here: www.anacostiacdc.com
What is the revenue of Anacostia Economic Development Corporation?
Anacostia Economic Development Corporation's revenue in 2022 was $1,326,868.
Official website here: www.anacostiacdc.com
Who are the executives of Anacostia Economic Development Corporation and what are their salaries?
The average compensation at Anacostia Economic Development Corporation during 2022 was $23,563. There are 12 employees and 1 volunteer at Anacostia Economic Development Corporation.
Here are 9 key members and their salaries (Anacostia Economic Development Corporation's CEO's salary is $26,425 and their total compensation is $190,750):
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- Compensation: $26,425
- Related: $164,325
- Other: $0
Official website here: www.anacostiacdc.com
Where can I find the form 990 for Anacostia Economic Development Corporation?
Anacostia Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.anacostiacdc.com
Learn more at the official website: www.anacostiacdc.com
Mission Statement of Anacostia Economic Development Corporation
The Anacostia Economic Development Corporation, a nonprofit organization, is committed to enhancing the economic, welfare, educational, and social levels of its community members in the Anacostia/Far Southeast areas of Washington, D.C. Its mission is geared towards addressing the overall economic development needs of this region. The corporation strives to uplift the local residents, aiming to create a more prosperous and self-sufficient community. To achieve this, the organization provides technical support specifically to small businesses in the neighboring wards 7 and 8. This initiative is designed to foster entrepreneurship and economic growth within the community, ultimately contributing to the overall development and well-being of the Anacostia/Far Southeast areas.
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Impact
July, 2024
Anacostia Economic Development Corporation has a significant impact on the economic, welfare, educational, and social levels of residents in the Anacostia/Far Southeast areas of Washington, D.C. Through its Howard Small Business program, the organization provides crucial technical support to small businesses in Ward 7 and 8, fostering economic growth and sustainability in these underserved communities. Their efforts contribute to the overall economic development needs of the area, driving positive change and enhancing the quality of life for residents.
This information is meant to be a general summary of Anacostia Economic Development Corporation. 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.
- Gross Receipts: $1,326,868
Assets and Liabilities:
- Total Assets: $22,147,733
- Total Liabilities: $1,863,567
- Net Assets: $20,284,166
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Organization Details
Founding Year
1969
Phone
(202) 889-5100Principal Officer
Stanley Jackson
Main Address
1800 MARTIN LUTHER KINGJRAVE SE, WASHINGTON, DC, 20020
Website
www.anacostiacdc.comNTEE Category
Code: S31Z - Community improvement
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