Overview
What is Transylvania Partnership Inc?
Transylvania Partnership Inc, with its headquarters at 147 EAST MAIN STREET SUITE 301, Brevard, North Carolina, is a dedicated nonprofit organization. Its primary focus is on promoting economic development in Transylvania County, North Carolina. With a modest workforce of two individuals, the organization, also known as the Transylvania Economic Alliance, works tirelessly to foster growth and prosperity within the community. The organization's mission remains centered around this goal, making significant contributions to the local economy.
Official website here: www.transylvanianc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
Transylvania Partnership Inc has earned a Three-Star rating from Charity Navigator, reflecting a score of 77%. This rating indicates a solid level of accountability and finance management, derived entirely from a single beacon score. The organization has demonstrated strong governance with 100% of its board members being independent, and it has a robust financial oversight structure, including an effective audit and oversight committee.
Strengths highlighted in the evaluation include a high program expense ratio of 91.72%, showing that a significant portion of funds is directed towards its programs. Additionally, the organization has maintained a clean record with no material diversion of assets reported. However, some limitations exist, such as the absence of a whistleblower policy and document retention policy, which may raise concerns regarding transparency and accountability practices.
Overall, while Transylvania Partnership Inc shows commendable financial health and governance practices, addressing the noted policy gaps could enhance its operational integrity and provide further confidence to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Transylvania Partnership Inc legitimate?
Transylvania Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transylvania Partnership 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: $91,515
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,300
For more financial information, click here
Official website here: www.transylvanianc.org
What is the mission statement of Transylvania Partnership Inc?
Transylvania Partnership Inc, as an organization, is committed to fostering economic growth and development in its operational region. It strives to create a conducive environment for businesses and economic activities, thereby contributing to the overall prosperity of the community. The organization's activities are centered around promoting general economic development, with the aim of enhancing the economic well-being of the area. While specific details about the methods or strategies employed are not provided, it is clear that Transylvania Partnership Inc plays a significant role in driving economic growth and development.
Official website here: www.transylvanianc.org
Who is the CEO of Transylvania Partnership Inc?
Burton Hodges is the Chair of Transylvania Partnership Inc.
Official website here: www.transylvanianc.org
What is the revenue of Transylvania Partnership Inc?
Transylvania Partnership Inc's revenue in 2023 was $694,821.
Official website here: www.transylvanianc.org
Who are the executives of Transylvania Partnership Inc and what are their salaries?
The average compensation at Transylvania Partnership Inc during 2023 was $84,408. There are 2 employees and 15 volunteers at Transylvania Partnership Inc.
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- Compensation: $91,515
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- Other: $6,041
Official website here: www.transylvanianc.org
Where can I find the form 990 for Transylvania Partnership Inc?
Transylvania Partnership Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.transylvanianc.org
Learn more at the official website: www.transylvanianc.org
Mission Statement of Transylvania Partnership Inc
Transylvania Partnership Inc, as stated, is committed to fostering overall economic development within Transylvania County, North Carolina. The organization's mission is centered around this primary objective, working tirelessly to stimulate and enhance the economic growth of the region. By promoting economic development, Transylvania Partnership Inc aims to contribute positively to the community's prosperity and well-being. The organization's activities are geared towards driving sustainable and inclusive economic growth, ultimately benefiting both the local businesses and residents.
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Impact
July, 2024
Transylvania Partnership Inc plays a crucial role in promoting general economic development in Transylvania County, North Carolina. Through its efforts, the organization contributes to enhancing the economic landscape of the region, stimulating growth, creating job opportunities, and ultimately improving the overall quality of life for residents. By focusing on community improvement and economic development, Transylvania Partnership Inc is making a tangible impact on the local economy and fostering a more prosperous future for the county.
This information is meant to be a general summary of Transylvania Partnership 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 2023.
- Investment Income: $3,539
- Program Service Revenue: $357,266
- Gross Receipts: $694,821
Assets and Liabilities:
- Total Assets: $6,052,316
- Total Liabilities: $3,910,242
- Net Assets: $2,142,074
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE - INDUSTRIAL SITES
Revenue
$357,266
Organization Details
Founding Year
1994
Phone
(828) 883-4130Principal Officer
Burton Hodges
Main Address
147 EAST MAIN STREET SUITE 301, BREVARD, NC, 287124620
Website
www.transylvanianc.orgNTEE Category
Code: S30 - Community improvement
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