Overview
What is Regional Contracting Assistance Center Inc?
Regional Contracting Assistance Center Inc, situated in Charleston, West Virginia, is a nonprofit organization dedicated to stimulating economic growth and enhancing business conditions within the state. With a team of six dedicated individuals, they achieve this goal by offering counseling, marketing support, seminars, webinars, and technical assistance to both domestic businesses and government agencies. Their primary mission is to provide procurement technical assistance, aiding West Virginia businesses in securing contracts with federal, state, or local governments. By offering this assistance, RCAC aims to foster business expansion and job creation throughout West Virginia.
Official website here: www.rcacwv.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Regional Contracting Assistance Center Inc has achieved an 81% rating on Charity Navigator, indicating a strong performance in accountability and finance. This rating reflects the organization’s commitment to transparency and effective governance, as evidenced by its independent board composition and adherence to various policies like conflict of interest and whistleblower protections.
The center excels in its financial management, boasting an impressive program expense ratio of 89.22%, which suggests that a significant portion of its resources is dedicated to its mission-related activities. Additionally, its low liabilities to assets ratio of 46.51% further demonstrates a solid financial footing, indicating a lower risk of financial distress.
While the organization shows robust metrics in terms of governance and financial health, it is important for potential donors and stakeholders to consider the overall impact of its programs and services, as the rating focuses solely on the accountability and finance aspects. Overall, the Regional Contracting Assistance Center Inc appears to be a reliable choice for those looking to support a financially responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Regional Contracting Assistance Center Inc legitimate?
Regional Contracting Assistance Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regional Contracting Assistance Center Inc 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: $76,668
Professional Fundraising Fees: $0
Other Salaries and Wages: $244,185
For more financial information, click here
Official website here: www.rcacwv.com
What is the mission statement of Regional Contracting Assistance Center Inc?
The Regional Contracting Assistance Center Inc's mission is centered around providing aid to businesses in West Virginia, specifically those looking to secure contracts with federal, state, or local governments. In essence, their role is to offer procurement technical assistance. To accomplish this, they provide various resources such as counseling, marketing events, seminars, webinars, and workshops. Their ultimate goal is to stimulate job creation and business growth in West Virginia by fostering relationships between domestic businesses and government agencies, thereby improving overall business conditions in the state.
Official website here: www.rcacwv.com
Who is the CEO of Regional Contracting Assistance Center Inc?
Sommer Straight is the President of Regional Contracting Assistance Center Inc.
Official website here: www.rcacwv.com
What is the revenue of Regional Contracting Assistance Center Inc?
Regional Contracting Assistance Center Inc's revenue in 2022 was $806,969.
Official website here: www.rcacwv.com
Who are the executives of Regional Contracting Assistance Center Inc and what are their salaries?
The average compensation at Regional Contracting Assistance Center Inc during 2022 was $53,476. There are 6 employees at Regional Contracting Assistance Center Inc.
Here are 9 key members and their salaries:
- Compensation: $75,357
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Official website here: www.rcacwv.com
Where can I find the form 990 for Regional Contracting Assistance Center Inc?
Regional Contracting Assistance Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rcacwv.com
Learn more at the official website: www.rcacwv.com
Mission Statement of Regional Contracting Assistance Center Inc
The Regional Contracting Assistance Center Inc, in its mission, aims to offer procurement technical assistance to businesses in West Virginia that are interested in securing contracts with federal, state, or local governments. This nonprofit organization's primary objective is to facilitate relationships between West Virginia businesses and these governing bodies, with the ultimate goal of stimulating job creation and promoting economic development within the state. To accomplish this, the Center provides various resources such as counseling, marketing seminars, webinars, sponsored workshops, and technical assistance to both domestic businesses and government agencies. By doing so, the Regional Contracting Assistance Center Inc works tirelessly to enhance business conditions in West Virginia, thereby fostering business expansion throughout the state.
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Impact
July, 2024
Regional Contracting Assistance Center Inc's impact is evident in the economic development and growth of West Virginia through its provision of procurement technical assistance to businesses in the state. By fostering relationships between local businesses and various government entities, RCAC plays a crucial role in stimulating job creation, business retention, and expansion. Through counseling, marketing activities, seminars, workshops, and technical support, RCAC empowers businesses to navigate the complex world of government contracting, ultimately contributing to the overall prosperity and success of the state's economy.
This information is meant to be a general summary of Regional Contracting Assistance Center Inc. 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: $27
- Program Service Revenue: $2,140
- Gross Receipts: $806,969
Assets and Liabilities:
- Total Assets: $581,223
- Total Liabilities: $292,000
- Net Assets: $289,223
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Organization Details
Founding Year
1987
Phone
(304) 344-2546Principal Officer
Sommer Straight
Main Address
1116 Smith Street Suite 401, Charleston, WV, 25301
Website
www.rcacwv.comNTEE Category
Code: Z99Z - Unknown
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