Overview
What is Moundsville Economic Development Council Inc?
The Moundsville Economic Development Council Inc, situated in Moundsville, West Virginia, is a nonprofit organization dedicated to fostering business growth and community development. Their primary mission involves promoting economic progress, and they achieve this through various activities. These include actively encouraging tourism by offering guided tours of the historic, National Landmark, the former West Virginia State Penitentiary. This attraction attracts visitors from around the globe, contributing positively to the local economy. Besides tourism, the council also provides facilities for rental and organizes special events. With a workforce of 62 individuals, they are committed to enhancing Moundsville's economic landscape.
Official website here: www.wvpentours.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects a moderate level of accountability and financial health, with a score of 73 in Accountability & Finance. The organization shows strengths in governance, with a fully independent board and no material diversion of assets.
The Moundsville Economic Development Council Inc demonstrates strong financial management, indicated by a high program expense ratio of 89.61%, ensuring that a significant portion of its funds is directed towards its mission. Additionally, the organization has a solid governance structure with independent board members, which is a positive indicator of its operational integrity.
However, there are notable limitations, particularly the absence of a whistleblower policy and document retention and destruction policies, which may raise concerns about transparency and risk management. Overall, while the organization has commendable aspects, these gaps suggest areas for improvement to enhance its accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Moundsville Economic Development Council Inc?
94% of 799 reviewers on Facebook recommend the Moundsville Economic Development Council Inc. Here is a summary of their reviews:
Many visitors highlight the enjoyable experiences they've had during their overnight stays, emphasizing the friendly and knowledgeable guides, Lori and Jason, who played a significant role in enhancing their trips. The historic building is frequently mentioned as a fascinating site to explore, adding to the overall positive impression of the organization.
Overall, it seems that the council successfully creates memorable experiences for guests, and the high recommendation rate indicates satisfaction with the services offered. The engaging activities and the welcoming atmosphere leave a lasting impression on visitors.
This AI summary has been generated from reviews found on Facebook.
Is Moundsville Economic Development Council Inc legitimate?
Moundsville Economic Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moundsville Economic Development Council 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $316,742
For more financial information, click here
Official website here: www.wvpentours.com
What is the mission statement of Moundsville Economic Development Council Inc?
The Moundsville Economic Development Council Inc was established with a mission to foster business growth and economic development. Their activities encompass the promotion of tourism, organizing special events, and renting out facilities. One of their notable initiatives is operating the closed former West Virginia State Penitentiary for tours, which is a national landmark. These tours not only attract tourists but also contribute to the local economy as visitors come from various parts of the world to explore the historic building.
Official website here: www.wvpentours.com
Who is the CEO of Moundsville Economic Development Council Inc?
Thomas Stiles is the Vice President of Moundsville Economic Development Council Inc.
Official website here: www.wvpentours.com
What is the revenue of Moundsville Economic Development Council Inc?
Moundsville Economic Development Council Inc's revenue in 2022 was $668,828.
Official website here: www.wvpentours.com
Who are the executives of Moundsville Economic Development Council Inc and what are their salaries?
The average compensation at Moundsville Economic Development Council Inc during 2022 was $5,109. There are 62 employees and 18 volunteers at Moundsville Economic Development Council Inc.
Here are 12 key members and their salaries:
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Official website here: www.wvpentours.com
Where can I find the form 990 for Moundsville Economic Development Council Inc?
Moundsville Economic Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wvpentours.com
Learn more at the official website: www.wvpentours.com
Mission Statement of Moundsville Economic Development Council Inc
The Moundsville Economic Development Council Inc, established with a primary purpose, aims to foster business growth and economic development. This nonprofit organization undertakes various activities to accomplish its mission, including the promotion of tourism, facility rentals, and organizing special events. One of its notable initiatives involves operating the closed former West Virginia State Penitentiary as a tourist attraction. This historic building, recognized as a national landmark, draws visitors from around the globe, enhancing the local economy as tourists flock to see its historic charm. The tours not only promote tourism but also contribute to the council's objective of driving economic development.
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Impact
July, 2024
The Moundsville Economic Development Council Inc has had a significant impact in promoting business development and economic growth in the city of Moundsville, West Virginia. One of their key initiatives is operating the closed former West Virginia State Penitentiary for tours, a building listed as a national landmark. These tours not only attract visitors from around the world, boosting tourism in the area, but also contribute to the local economy by generating revenue and creating opportunities for local businesses. Additionally, the Council's efforts in facility rental and organizing special events further enhance community engagement and support economic development. Overall, the Moundsville Economic Development Council Inc plays a crucial role in fostering community improvement and advancing economic prosperity in Moundsville.
This information is meant to be a general summary of Moundsville Economic Development Council 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: $350
- Program Service Revenue: $559,314
- Gross Receipts: $746,068
Assets and Liabilities:
- Total Assets: $759,974
- Total Liabilities: $26,171
- Net Assets: $733,803
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURS OF FORMER WV PENITENTIARY
Revenue
$559,314
Organization Details
Founding Year
1996
Phone
(304) 845-6200Principal Officer
Thomas Stiles
Main Address
818 JEFFERSON AVENUE, MOUNDSVILLE, WV, 26041
Website
www.wvpentours.comNTEE Category
Code: S20 - Community improvement
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