Overview
What is Center For Regional Economic Competitiveness?
The Center for Regional Economic Competitiveness is an independent, 501c(3) non-profit organization, affiliated with George Mason University and C2ER. Established in January 2000, its primary purpose is to stimulate economic growth by promoting innovative strategies and providing policy-makers with valuable information to formulate and implement effective, job-creating economic policies at a regional level in the knowledge economy. The Center's mission revolves around offering technical assistance to policy-makers worldwide, enabling them to develop and execute innovative regional strategies, thereby fostering economic development.
Official website here: www.crec.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
The Center For Regional Economic Competitiveness has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. While the organization has a strong program expense ratio of 80.73%, reflecting a significant portion of its budget directed towards programs, the lack of independent board members raises concerns about governance.
Strengths noted include a perfect score for financial audit practices and policies on conflicts of interest, whistleblowing, and document retention, which demonstrate a commitment to transparency. However, the organization has fallen short in areas such as board independence, with no independent members present, and missing financial documents on its website, which detracts from its overall rating.
While the financial statements show no signs of asset diversion, the liabilities to assets ratio indicates room for improvement in managing financial obligations. Potential donors and stakeholders may want to consider these governance and transparency issues when evaluating the organization's effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Center For Regional Economic Competitiveness legitimate?
Center For Regional Economic Competitiveness is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Regional Economic Competitiveness 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: $444,233
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,468,045
For more financial information, click here
Official website here: www.crec.net
What is the mission statement of Center For Regional Economic Competitiveness?
The Center for Regional Economic Competitiveness, an independent non-profit affiliated with George Mason University and C2ER, was established in January 2000 with a mission to foster economic development. The organization provides policy-makers worldwide with the necessary information and technical assistance to develop and implement innovative, region-specific strategies that create jobs in the knowledge economy. The Center aims to support the creation of better-informed and more effective strategies for job creation, contributing to global economic growth.
Official website here: www.crec.net
Who is the CEO of Center For Regional Economic Competitiveness?
Kenneth Poole is the President & Ceo of Center For Regional Economic Competitiveness. The CEO's salary of Center For Regional Economic Competitiveness is $235,887 and their total compensation is $235,887.
Official website here: www.crec.net
What is the revenue of Center For Regional Economic Competitiveness?
Center For Regional Economic Competitiveness's revenue in 2022 was $4,820,009.
Official website here: www.crec.net
Who are the executives of Center For Regional Economic Competitiveness and what are their salaries?
The average compensation at Center For Regional Economic Competitiveness during 2022 was $74,674. There are 39 employees at Center For Regional Economic Competitiveness.
Here are 8 key members and their salaries (Center For Regional Economic Competitiveness's CEO's salary is $235,887 and their total compensation is $235,887):
- Compensation: $235,887
- Related: $0
- Other: $0
- Compensation: $208,346
- Related: $0
- Other: $0
- Compensation: $197,306
- Related: $0
- Other: $0
- Compensation: $147,337
- Related: $0
- Other: $0
- Compensation: $168,788
- Related: $0
- Other: $0
- Compensation: $120,000
- Related: $0
- Other: $0
- Compensation: $156,000
- Related: $0
- Other: $0
- Compensation: $174,738
- Related: $0
- Other: $0
Official website here: www.crec.net
Where can I find the form 990 for Center For Regional Economic Competitiveness?
Center For Regional Economic Competitiveness's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crec.net
Learn more at the official website: www.crec.net
Mission Statement of Center For Regional Economic Competitiveness
The Center for Regional Economic Competitiveness, a 501c(3) organization affiliated with George Mason University and C2ER, was established in January 2000 with a mission to foster economic development. This non-profit organization is dedicated to providing policy-makers globally with the necessary information and technical assistance required to formulate and implement innovative, region-specific strategies that promote job creation in the knowledge economy. The Center's mission is to serve as a catalyst for change, offering insightful and practical solutions that empower policy-makers to make informed decisions, ultimately leading to the creation of sustainable jobs and economic growth.
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Impact
July, 2024
The Center for Regional Economic Competitiveness fosters economic development by providing policymakers worldwide with the information and technical assistance necessary to develop innovative, job-creating economic strategies. This organization, affiliated with George Mason University and C2ER, was created in January 2000 with a mission to support the development of innovative approaches to job creation in the knowledge economy. By offering better information and strategies, the Center aims to help regions formulate and execute effective economic policies that will lead to job growth and economic prosperity.
This information is meant to be a general summary of Center For Regional Economic Competitiveness. 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.
- Program Service Revenue: $3,549,772
- Gross Receipts: $4,820,009
Assets and Liabilities:
- Total Assets: $3,764,563
- Total Liabilities: $2,502,043
- Net Assets: $1,262,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM REVENUE
Revenue
$2,248,406
MANAGEMENT FEES
Revenue
$1,301,366
Organization Details
Founding Year
2000
Phone
(703) 522-4980Principal Officer
Kenneth Poole
Main Address
1550 WILSON BLVD 600, ARLINGTON, VA, 22209
Website
www.crec.netNTEE Category
Code: S30 - Community improvement
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