Overview
What is Catawba County Economic Development Corp?
The Catawba County Economic Development Corporation, based in Hickory, North Carolina, is a nonprofit organization with a primary mission to stimulate industrial and commercial growth within the county. They achieve this goal by recruiting new businesses, supporting the expansion of existing businesses, and fostering job creation. The corporation, with a team of six dedicated individuals, operates with a vision to diversify the county's economy, ultimately contributing to its overall development and prosperity.
Official website here: www.catawbaedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Catawba County Economic Development Corp has achieved a strong rating of 95%, reflecting its high standards in accountability and finance. This score is derived entirely from its Accountability & Finance metrics, indicating a solid organizational structure and effective management practices. The charity's board consists entirely of independent members, which enhances its governance and decision-making processes.
The organization has demonstrated excellence in its financial oversight, with no material diversion of assets reported and comprehensive policies in place for conflict of interest, whistleblowing, and document retention. Furthermore, its financial statements are thoroughly audited, showcasing a commitment to transparency and responsible financial management.
However, while the program expense ratio stands at 67.09%, which is relatively strong, there is room for improvement in maximizing program spending. Overall, the Catawba County Economic Development Corp appears to be a well-managed nonprofit dedicated to its mission, with robust financial practices and governance in place.
This AI summary has been generated from information found on Charity Navigator.
Is Catawba County Economic Development Corp legitimate?
Catawba County Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catawba County Economic Development Corp 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: $487,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.catawbaedc.org
What is the mission statement of Catawba County Economic Development Corp?
The Catawba County Economic Development Corporation's mission is focused on encouraging the industrial and commercial growth within the county. They accomplish this goal by building a diversified economic base. This is achieved through various strategies, such as recruiting new businesses and industries, retaining existing businesses to facilitate growth, and fostering the creation of job opportunities. The corporation's ultimate aim is to strengthen the county's economic foundation, ultimately contributing to its overall prosperity.
Official website here: www.catawbaedc.org
Who is the CEO of Catawba County Economic Development Corp?
Scott Millar is the President of Catawba County Economic Development Corp.
Official website here: www.catawbaedc.org
What is the revenue of Catawba County Economic Development Corp?
Catawba County Economic Development Corp's revenue in 2023 was $941,932.
Official website here: www.catawbaedc.org
Who are the executives of Catawba County Economic Development Corp and what are their salaries?
The average compensation at Catawba County Economic Development Corp during 2023 was $81,249. There are 6 employees and 9 volunteers at Catawba County Economic Development Corp.
There is 1 key member and their salary:
- Compensation: $205,757
- Related: $0
- Other: $0
Official website here: www.catawbaedc.org
Where can I find the form 990 for Catawba County Economic Development Corp?
Catawba County Economic Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.catawbaedc.org
Learn more at the official website: www.catawbaedc.org
Mission Statement of Catawba County Economic Development Corp
The Catawba County Economic Development Corporation is dedicated to promoting the industrial and commercial expansion of Catawba County. Their mission is twofold: firstly, they aim to attract new businesses and industries to the county, thereby diversifying its economic base. Secondly, they strive to support and help existing businesses grow, thereby creating more job opportunities within the county. In essence, the organization's mission is to foster a vibrant and prosperous economic landscape in Catawba County.
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Impact
July, 2024
Catawba County Economic Development Corp plays a significant role in driving the industrial and commercial growth of Catawba County. By actively recruiting new businesses and industries, retaining existing businesses, and facilitating their growth, the organization contributes to building a diversified economic base throughout the county. Moreover, its efforts in fostering job creation have a direct impact on the local community, helping to enhance the overall economic landscape of the region.
This information is meant to be a general summary of Catawba County Economic Development Corp. 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: $6,791
- Gross Receipts: $941,932
Assets and Liabilities:
- Total Assets: $617,119
- Total Liabilities: $318,808
- Net Assets: $298,311
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Organization Details
Founding Year
1977
Principal Officer
Scott Millar
Main Address
PO BOX 3388, HICKORY, NC, 28603
Website
www.catawbaedc.orgNTEE Category
Code: S30Z - Community improvement
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