Overview
What is Yadkin Valley Economic Development District Inc?
The Yadkin Valley Economic Development District Inc, based in Boonville, North Carolina, is a nonprofit organization that focuses on improving transportation services in a four-county area. They provide essential transportation to address poverty and enhance the quality of life for low-income and elderly citizens, utilizing grant funding, contracts from federal, state, and local sources, and fees for their services. Their mission is to alleviate the root causes of poverty and better the lives of those in need. The organization employs 219 individuals.
Official website here: www.yveddi.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% - Four-Star out of Four Stars
Yadkin Valley Economic Development District Inc has achieved a perfect rating of 100% from Charity Navigator, indicating exceptional standards in accountability and finance. This high score reflects the organization's commitment to transparency and strong governance practices, demonstrating that it effectively manages its resources and adheres to best practices in nonprofit management.
The organization stands out with a fully independent board, comprising 22 members, and has implemented robust policies for conflict of interest and whistleblower protections. Furthermore, it has a high program expense ratio of 92.99%, indicating that a significant portion of its funding is directed toward its programs rather than administrative costs, which is a positive sign for potential donors focused on impact.
There are no noted limitations in the available data, showcasing the organization's successful operational practices. Its financial health appears strong, with a low liabilities to assets ratio of 27.29%, further solidifying its credibility and stability in the nonprofit sector. Overall, Yadkin Valley Economic Development District Inc exemplifies a well-managed organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Yadkin Valley Economic Development District Inc legitimate?
Yadkin Valley Economic Development District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yadkin Valley Economic Development District 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: $83,730
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,611,449
For more financial information, click here
Official website here: www.yveddi.com
What is the mission statement of Yadkin Valley Economic Development District Inc?
The Yadkin Valley Economic Development District Inc is dedicated to improving the living conditions and enhancing the quality of life for low-income and elderly citizens. Their mission is to provide quality programs and services to address the root causes of poverty and offer essential support. YVEDDI engages in providing non-urban transportation services in a four-county area, utilizing grant funding, contracts from federal, state, and local sources, and fees for eligible individuals.
Official website here: www.yveddi.com
Who is the CEO of Yadkin Valley Economic Development District Inc?
Kathy Payne is the Executive Di of Yadkin Valley Economic Development District Inc.
Official website here: www.yveddi.com
What is the revenue of Yadkin Valley Economic Development District Inc?
Yadkin Valley Economic Development District Inc's revenue in 2022 was $13,860,054.
Official website here: www.yveddi.com
Who are the executives of Yadkin Valley Economic Development District Inc and what are their salaries?
The average compensation at Yadkin Valley Economic Development District Inc during 2022 was $26,005. There are 219 employees and 200 volunteers at Yadkin Valley Economic Development District Inc.
Here are 22 key members and their salaries:
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Official website here: www.yveddi.com
Where can I find the form 990 for Yadkin Valley Economic Development District Inc?
Yadkin Valley Economic Development District Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yveddi.com
Learn more at the official website: www.yveddi.com
Mission Statement of Yadkin Valley Economic Development District Inc
Yadkin Valley Economic Development District Inc, a dedicated nonprofit organization, is committed to improving the lives of low-income and elderly citizens by providing essential programs and services. The mission of YVEDDI is twofold: first, to alleviate the root causes and conditions of poverty, and second, to enhance the overall quality of life for those in need.
To accomplish this, Yadkin Valley Economic Development District Inc offers a range of services, primarily focusing on transportation in a non-urban setting. This vital service is made possible through a combination of grant funding, contracts from federal, state, and local sources, and fees charged for the services provided to eligible individuals. By making transportation accessible, YVEDDI enables individuals to access essential resources, such as healthcare appointments, job opportunities, and education, which can significantly impact their livelihoods.
In summary, Yadkin Valley Economic Development District Inc is a compassionate and essential organization that works tirelessly to improve the lives of low-income and elderly citizens. By providing quality transportation services, the nonprofit not only helps alleviate the causes and conditions of poverty but also enhances the overall quality of life for those it serves. This commitment to making a difference is at the heart of Yadkin Valley Economic Development District Inc's mission.
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Impact
October, 2024
Yadkin Valley Economic Development District Inc (YVEDDI) significantly impacts the community by addressing poverty and enhancing the quality of life for low-income and elderly citizens. Through its various programs and services, YVEDDI actively works to alleviate the root causes and effects of poverty in the region.
One of the key services offered by YVEDDI is non-urban transportation for residents in a four-county area. This transportation service ensures that individuals who may otherwise lack access to reliable commuting options can reach essential destinations, such as healthcare providers, employment opportunities, and social services. By securing funding through federal, state, and local grants, as well as charging fees for these services to eligible individuals, YVEDDI is able to maintain and expand its reach.
This focus on transportation, along with other community programs, plays a vital role in promoting social and economic inclusion for those in need. By providing essential services and support, YVEDDI fosters a more equitable environment, enabling residents to improve their quality of life and work towards self-sufficiency.
This information is meant to be a general summary of Yadkin Valley Economic Development District 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: $28,309
- Program Service Revenue: $3,948,545
- Gross Receipts: $13,860,054
Assets and Liabilities:
- Total Assets: $5,760,252
- Total Liabilities: $1,418,573
- Net Assets: $4,341,679
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSPORTATION
Revenue
$2,643,801
INDIRECT COST
Revenue
$706,619
WAP
Revenue
$415,829
SURRY FAM RESOURCE CTR
Revenue
$143,563
SENIOR CENTERS
Revenue
$24,115
Organization Details
Phone
(336) 367-3527Principal Officer
Kathy Payne
Main Address
533 NORTH CAROLINA AVE HWY 601, BOONVILLE, NC, 27011
Website
www.yveddi.comNTEE Category
Code: P20 - Human services
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