Overview
What is Lincoln Economic Development Associ?
Lincoln Economic Development Associ, located in Lincolnton, North Carolina, is a nonprofit organization with a mission to promote economic growth and stability in the area. They achieve this by marketing the assets of Lincoln County to developers and expanding industries. Their primary objective is to enhance the standard of living for the citizens of Lincolnton and Lincoln County by creating more and better job opportunities and increasing the diversified tax base to fund essential community services. The organization operates with a modest workforce of five individuals, dedicated to fostering an environment that fosters job creation and community development.
Official website here: www.licolneda.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Lincoln Economic Development Association has received an 81% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score is derived entirely from the Accountability & Finance beacon, reflecting the organization's commitment to transparency and responsible management of its resources.
Notable strengths include a fully independent board of directors, as well as strong policies in place for conflict of interest, whistleblower protections, and document retention. Additionally, the organization maintains a healthy liabilities-to-assets ratio of 7.83% and allocates a significant 81.36% of its expenses directly to its programs, which signifies effective use of funds.
While the organization demonstrates commendable practices in governance and financial management, the rating suggests that there might be areas for improvement to enhance its overall impact and accountability further. Nonetheless, the strong score indicates a reputable standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Economic Development Associ legitimate?
Lincoln Economic Development Associ is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Economic Development Associ 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: $150,683
Professional Fundraising Fees: $0
Other Salaries and Wages: $291,423
For more financial information, click here
Official website here: www.licolneda.org
What is the mission statement of Lincoln Economic Development Associ?
The Lincoln Economic Development Associ's mission is centered around fostering an economic environment that enhances the standard of living for its citizens. This is achieved by creating more and better job opportunities and diversifying the tax base, thereby providing essential community services. The organization strives to achieve this goal by developing and marketing the economic growth and stability of the area, making developers and expanding industries aware of its assets through various media sources and personal contacts.
Official website here: www.licolneda.org
Who is the CEO of Lincoln Economic Development Associ?
Cliff Brumfield is the Secretary of Lincoln Economic Development Associ.
Official website here: www.licolneda.org
What is the revenue of Lincoln Economic Development Associ?
Lincoln Economic Development Associ's revenue in 2023 was $829,669.
Official website here: www.licolneda.org
Who are the executives of Lincoln Economic Development Associ and what are their salaries?
The average compensation at Lincoln Economic Development Associ during 2023 was $88,421. There are 5 employees at Lincoln Economic Development Associ.
Here are 10 key members and their salaries:
- Compensation: $150,683
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.licolneda.org
Where can I find the form 990 for Lincoln Economic Development Associ?
Lincoln Economic Development Associ's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.licolneda.org
Learn more at the official website: www.licolneda.org
Mission Statement of Lincoln Economic Development Associ
Lincoln Economic Development Associ, in its mission, strives to create an economic environment that enhances the standard of living for the citizens of Lincoln County. It achieves this by promoting the creation of more and better job opportunities, as well as an increased and diversified tax base. This, in turn, provides the necessary community services. The organization's strategy involves developing and marketing the economic growth and stability of Lincoln County. It does this by making developers and expanding industries aware of the assets of the area through various media sources and personal contact. By fostering this economic environment, Lincoln Economic Development Associ aims to contribute to an improved quality of life for the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Lincoln Economic Development Associ aims to foster an economic environment in Lincolnton and Lincoln County that enhances the standard of living by creating more and better jobs for the citizens and increasing the tax base. They work to develop and market economic growth and stability in the area by making developers and expanding industries aware of the assets through various media sources and personal contact. Their efforts contribute to community improvement by attracting investments and expanding job opportunities in the region.
This information is meant to be a general summary of Lincoln Economic Development Associ. 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 2023.
- Investment Income: $992
- Program Service Revenue: $46,850
- Gross Receipts: $829,669
Assets and Liabilities:
- Total Assets: $892,121
- Total Liabilities: $69,918
- Net Assets: $822,203
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$46,850
Organization Details
Founding Year
1996
Phone
(704) 732-1511Principal Officer
Cliff Brumfield
Main Address
502 EAST MAIN STREET, LINCOLNTON, NC, 28092
Website
www.licolneda.orgNTEE Category
Code: S31 - Community improvement
If you are a representative of Lincoln Economic Development Associ and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.