Overview
What is Pitt County Committee Of 100 Inc?
Pitt County Committee Of 100 Inc is a nonprofit organization situated in Greenville, North Carolina. Its primary mission is to stimulate economic growth and development in Pitt County. They achieve this by attracting diverse businesses, aiding in the expansion of existing enterprises, and supporting start-ups that generate employment opportunities and investment within the community. The organization collaborates with local authorities to foster a favorable business environment, combating unemployment and community decay. Additionally, they seek monetary contributions from the private sector to bolster business recruitment and retention efforts. The Committee also promotes the establishment of various industries and manufacturing sectors in Pitt County, working independently or in partnership with other organizations to boost the general public's economic and overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Pitt County Committee Of 100 Inc has received a Three-Star rating, indicating a solid level of accountability and financial management. The organization scored 75% overall, with its evaluation based entirely on the Accountability & Finance beacon. This score reflects a robust governance structure with 100% independent board members and a strong commitment to transparency, evidenced by regular documentation of board meeting minutes and the absence of any material diversions of assets.
In terms of financial health, the organization demonstrates a commendable liabilities to assets ratio and an impressive working capital ratio, suggesting strong financial stability. However, it is important to note that the program expense ratio is relatively low at 51.13%, indicating that just over half of its expenses are directed towards programs versus administrative or fundraising costs. This could be a point of concern for potential donors who prioritize programmatic spending.
Overall, Pitt County Committee Of 100 Inc showcases a commitment to ethical governance and financial prudence, making it a reliable choice for donations, though its program funding efficiency could be improved.
This AI summary has been generated from information found on Charity Navigator.
Is Pitt County Committee Of 100 Inc legitimate?
Pitt County Committee Of 100 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pitt County Committee Of 100 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: $258,444
Professional Fundraising Fees: $0
Other Salaries and Wages: $502,530
For more financial information, click here
What is the mission statement of Pitt County Committee Of 100 Inc?
The Pitt County Committee Of 100 Inc's mission is centered around serving the public by stimulating economic growth in their community. They aim to attract new industries, expand existing businesses, and support start-up enterprises, all with the goal of creating job opportunities and attracting investment. The committee collaborates with local governmental agencies to foster a favorable business climate and provides financial support for business recruitment and retention. Additionally, they work towards the diversification of businesses in the area, acting independently or in conjunction with other organizations to promote economic and general welfare. Furthermore, they offer relief to the disadvantaged sections of the community, including the unemployed and poor.
What is the revenue of Pitt County Committee Of 100 Inc?
Pitt County Committee Of 100 Inc's revenue in 2024 was $2,763,013.
Who are the executives of Pitt County Committee Of 100 Inc and what are their salaries?
Here are 27 key members and their salaries:
- Compensation: $258,444
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Where can I find the form 990 for Pitt County Committee Of 100 Inc?
Pitt County Committee Of 100 Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Pitt County Committee Of 100 Inc
Pitt County Committee of 100 Inc, a community-driven organization, is devoted to enhancing the economic well-being of Pitt County, North Carolina. Their mission is multifaceted, aimed at attracting new industries, expanding existing businesses, and supporting start-ups. This mission is driven by the desire to create job opportunities, stimulate investment, and combat issues such as unemployment and community deterioration.
The committee works in harmony with local governmental agencies to foster an optimal business climate, aiming to promote economic growth and betterment for the general public. They also engage in independent or collaborative efforts to support business and industry development, contributing financially to business recruitment and retention initiatives. Ultimately, Pitt County Committee of 100 Inc strives to provide relief to those in need, including the poor, unemployed, and underprivileged, demonstrating their commitment to the holistic well-being of their community.
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Impact
July, 2024
Pitt County Committee Of 100 Inc's impact can be seen through its efforts to diversify Pitt County's economy by attracting new industries, expanding existing businesses, and supporting start-up enterprises. This organization plays a crucial role in bringing jobs and investments to the community, aiding in economic development and combating unemployment. By working with local government and other organizations, Pitt County Committee Of 100 Inc helps establish and maintain a strong business climate in the region. Through its economic development activities, this organization promotes the location and operation of diversified businesses, industries, and manufacturing in Pitt County, ultimately contributing to the general welfare and betterment of the public.
This information is meant to be a general summary of Pitt County Committee Of 100 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 2024.
- Investment Income: $176,449
- Gross Receipts: $2,832,024
Assets and Liabilities:
- Total Assets: $5,027,181
- Total Liabilities: $32,762
- Net Assets: $4,994,419
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Organization Details
Founding Year
1995
Principal Officer
Josh Lewis
NTEE Category
Code: S31 - Community improvement
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