Overview
What is The Carolinas Gateway Partnership Inc?
The Carolinas Gateway Partnership Inc, located at 386 SW Main Street, Rocky Mount, NC 27804, is a dedicated nonprofit organization aiming to foster community prosperity. They primarily focus on retaining, creating, and expanding business opportunities in Nashville, Tarboro, Rocky Mount, and Edgecombe County, North Carolina. Their strategies include visiting existing industries to identify obstacles for new job creation, recruiting new industries to the area, and assisting existing industries in expansion through specific incentive programs. With a workforce of six individuals, The Carolinas Gateway Partnership Inc works tirelessly to promote economic growth and strengthen the local business landscape.
Official website here: www.econdev.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Carolinas Gateway Partnership Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. This score is entirely based on their Accountability & Finance metrics, where they earned an impressive 96%. The organization demonstrates excellent governance practices, with 100% of its board members being independent, ensuring unbiased decision-making.
Financially, the Carolinas Gateway Partnership showcases a strong commitment to its mission, with a program expense ratio of 84.46%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. The organization maintains stringent oversight with financial statements properly audited and no material diversion of assets noted.
While the organization has demonstrated outstanding performance in financial accountability, it is important for potential donors or supporters to consider the scope of its programs and services to fully understand its impact. Overall, the Carolinas Gateway Partnership Inc stands out for its transparency and effective management practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Carolinas Gateway Partnership Inc legitimate?
The Carolinas Gateway Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Carolinas Gateway 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: $311,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,371
For more financial information, click here
Official website here: www.econdev.org
What is the mission statement of The Carolinas Gateway Partnership Inc?
The Carolinas Gateway Partnership Inc is committed to fostering community prosperity by facilitating the retention, creation, and expansion of business opportunities. Their primary objectives include addressing specific challenges hindering new job creation in existing industries, attracting new businesses to the area, and assisting existing industries in expanding through targeted incentive programs. By focusing on these areas, the organization aims to bolster the local economy and improve overall community wealth.
Official website here: www.econdev.org
Who is the CEO of The Carolinas Gateway Partnership Inc?
E Norris Tolson is the President & of The Carolinas Gateway Partnership Inc.
Official website here: www.econdev.org
What is the revenue of The Carolinas Gateway Partnership Inc?
The Carolinas Gateway Partnership Inc's revenue in 2022 was $1,195,948.
Official website here: www.econdev.org
Who are the executives of The Carolinas Gateway Partnership Inc and what are their salaries?
The average compensation at The Carolinas Gateway Partnership Inc during 2022 was $68,770. There are 6 employees and 41 volunteers at The Carolinas Gateway Partnership Inc.
Here are 3 key members and their salaries:
- Compensation: $178,043
- Related: $0
- Other: $15,451
- Compensation: $108,979
- Related: $0
- Other: $25,477
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.econdev.org
Where can I find the form 990 for The Carolinas Gateway Partnership Inc?
The Carolinas Gateway Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.econdev.org
Learn more at the official website: www.econdev.org
Mission Statement of The Carolinas Gateway Partnership Inc
The Carolinas Gateway Partnership Inc is committed to fostering community prosperity by promoting the retention, creation, and expansion of business opportunities. This nonprofit organization operates in Nashville, Tarboro, Rocky Mount, and Edgecombe County, North Carolina. Their mission is to create a conducive environment for businesses, encouraging job growth and stimulating economic development within the region.
In order to achieve their goals, The Carolinas Gateway Partnership Inc employs various strategies. One of their primary initiatives is the Business Visitation Program, where they visit existing industries to identify and address specific barriers hindering new job creation. This proactive approach helps existing businesses overcome challenges and thrive, contributing to the overall economic vitality of the region.
Another key aspect of their mission is industry recruitment. The Carolinas Gateway Partnership Inc actively seeks to attract new industries to the Twin County Area. By showcasing the region's strengths and opportunities, they aim to entice businesses to establish operations in the area, thereby creating new job opportunities and boosting the local economy.
Lastly, The Carolinas Gateway Partnership Inc focuses on business retention and expansion. They provide specialized incentive programs to assist existing industries in expanding their operations, thereby contributing to the region's economic growth and job creation. By supporting the growth of existing businesses, they help ensure a stable and vibrant business environment in the region.
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Impact
July, 2024
The impact of The Carolinas Gateway Partnership Inc can be seen in the significant strides it has made towards the creation of community wealth in Nashville, Tarboro, Rocky Mount, and Edgecombe County, North Carolina. Through its business visitation program, the organization identifies specific obstacles to new job creation in existing industries. Additionally, their industry recruitment program focuses on bringing new businesses to the Twin County area, further boosting economic development. Furthermore, by assisting existing industries in expansion through incentive programs, The Carolinas Gateway Partnership Inc plays a vital role in ensuring the growth and prosperity of the local business community.
This information is meant to be a general summary of The Carolinas Gateway 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 2022.
- Investment Income: $218
- Gross Receipts: $1,195,948
Assets and Liabilities:
- Total Assets: $1,590,628
- Total Liabilities: $56,752
- Net Assets: $1,533,876
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Organization Details
Founding Year
1995
Phone
(252) 442-0114Principal Officer
E Norris Tolson
Main Address
386 SW MAIN STREET, ROCKY MOUNT, NC, 27804
Website
www.econdev.orgNTEE Category
Code: S300 - Community improvement
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