Overview
What is Prince George's County Economic Development Corporation?
Prince George's County Economic Development Corporation (EDC) is a nonprofit organization located at 1801 MCCORMICK DRIVE 350, Largo, MD 20774. Their primary mission is to promote economic development in the county by offering business services, attracting, retaining, and expanding businesses. This, in turn, generates jobs and boosts the commercial tax base. Their community outreach program aims to educate the business community about the various programs, incentives, and assistance available in Prince George's County to support business growth. The organization has a team of 25 dedicated individuals working towards these goals.
Official website here: www.pgcedc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Prince George's County Economic Development Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored 96% in its Accountability & Finance metrics, which indicates a well-managed nonprofit with transparent operations and sound financial practices.
Strengths of the organization include an entirely independent board, an effective audit and oversight committee, and robust policies in place regarding conflict of interest and whistleblower protections. Additionally, the organization maintains a low liabilities to assets ratio and a significant proportion of program expenses directed toward its mission, which is indicative of its operational efficiency.
While the data highlights the organization's strengths, it does not provide details regarding program effectiveness or community impact. However, the high accountability score suggests that stakeholders can trust the organization to manage its resources responsibly. Overall, the Prince George's County Economic Development Corporation stands out as a reliable entity in the nonprofit landscape.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Prince George's County Economic Development Corporation?
98% of 24 reviewers on Facebook recommend the Prince George's County Economic Development Corporation. Here’s a summary of their insights:
Many users praise the organization for its informative presentations and active involvement in local business development. A highlighted review specifically commended Mr. Coleman for his exceptional presentation at a community meeting, indicating the value placed on engaging and relevant topics that affect local businesses.
Overall, the sentiment leans strongly positive, suggesting that the nonprofit is effectively facilitating communication and providing valuable resources for the community, fostering a supportive environment for economic growth in Prince George's County.
This AI summary has been generated from reviews found on Facebook.
Is Prince George's County Economic Development Corporation legitimate?
Prince George's County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prince George's County 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: $771,706
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,307,476
For more financial information, click here
Official website here: www.pgcedc.com
What is the mission statement of Prince George's County Economic Development Corporation?
The Prince George's County Economic Development Corporation's mission is centered around promoting economic growth. It achieves this by offering business services to attract, retain, and expand businesses within the county. This activity ultimately leads to the creation of jobs and an increase in the commercial tax base. The corporation aims to represent and advocate for the organization on a regional and global scale. The community outreach program is a vital part of their operations, providing information and education about the various programs, incentives, and assistance available for business attraction, expansion, and retention.
Official website here: www.pgcedc.com
Who is the CEO of Prince George's County Economic Development Corporation?
David S Iannucci is the President/Ceo of Prince George's County Economic Development Corporation. The CEO's salary of Prince George's County Economic Development Corporation is $204,632 and their total compensation is $217,690.
Official website here: www.pgcedc.com
What is the revenue of Prince George's County Economic Development Corporation?
Prince George's County Economic Development Corporation's revenue in 2022 was $4,300,935.
Official website here: www.pgcedc.com
Who are the executives of Prince George's County Economic Development Corporation and what are their salaries?
The average compensation at Prince George's County Economic Development Corporation during 2022 was $83,167. There are 25 employees at Prince George's County Economic Development Corporation.
Here are 15 key members and their salaries (Prince George's County Economic Development Corporation's CEO's salary is $204,632 and their total compensation is $217,690):
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- Compensation: $204,632
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- Other: $13,058
- Compensation: $141,085
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- Compensation: $131,330
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- Compensation: $125,926
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- Other: $46,842
Official website here: www.pgcedc.com
Where can I find the form 990 for Prince George's County Economic Development Corporation?
Prince George's County Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pgcedc.com
Learn more at the official website: www.pgcedc.com
Mission Statement of Prince George's County Economic Development Corporation
The Prince George's County Economic Development Corporation, abbreviated as EDC, is committed to fostering economic growth in the region. Their primary mission is to attract, retain, and expand businesses within the county, thereby creating job opportunities and enhancing the commercial tax base. Through their initiatives, the EDC works tirelessly to promote Prince George's County on a regional and global scale.
To accomplish this, the EDC provides various business services. They aim to educate and inform the local business community about the numerous programs, incentives, and assistance available in Prince George's County. This is done with the ultimate goal of attracting and retaining businesses, thereby stimulating economic growth and development. The EDC's community outreach program is a crucial part of this mission, serving as a bridge between the business community and the resources available to them. By doing so, the EDC plays a vital role in supporting the growth and success of businesses in Prince George's County.
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Impact
July, 2024
Prince George's County Economic Development Corporation plays a significant role in promoting economic development by providing vital business services to attract, retain, and expand businesses in the county. This effort not only encourages the growth of jobs but also enhances the commercial tax base. The organization's community outreach program is designed to inform and educate the business community about the various programs, incentives, and assistance available in Prince George's County, thereby facilitating business attraction, expansion, and retention. The impact of their work is felt in the form of retained businesses, attracted investments, increased job opportunities, and overall enhancement of economic prospects for the county and its residents.
This information is meant to be a general summary of Prince George's County 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.
- Investment Income: $4,103
- Program Service Revenue: $4,161,137
- Gross Receipts: $4,300,935
Assets and Liabilities:
- Total Assets: $6,056,042
- Total Liabilities: $803,213
- Net Assets: $5,252,829
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRINCE GEORGE'S COUNTY
Revenue
$3,739,100
EVENT AND SPONSORSHIP
Revenue
$196,311
OTHER INCOME
Revenue
$91,826
INCUBATOR REVENUE
Revenue
$68,900
PROGRAM SERVICE INCOME
Revenue
$65,000
Organization Details
Founding Year
1983
Phone
(301) 583-4650Principal Officer
David S Iannucci
Main Address
1801 MCCORMICK DRIVE 350, LARGO, MD, 20774
Website
www.pgcedc.comNTEE Category
Code: S31Z - Community improvement
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