Overview
What is North Carolinas Eastern Economic Development Corporation?
North Carolina's Eastern Economic Development Corporation is a nonprofit organization located at 216 S Broad Street 200, Edenton, NC 27932. Their primary focus is on fostering collaborative partnerships between regional businesses, school districts, economic development municipalities, private foundations, state and local government, and various other entities. The organization's mission is to provide students in Eastern North Carolina with real-world STEM learning opportunities that align with potential career paths in the region. In the past year, they have worked closely with local boards of education, assisting in the implementation of STEM educational tools and learning environments. The corporation employs a team of three individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 67%
The North Carolina Eastern Economic Development Corporation has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement in its operations and transparency. While the organization demonstrates strong accountability practices, such as having a fully independent board and a solid program expense ratio of 100%, it has major shortcomings in its financial disclosures and governance policies.
One notable strength is the lack of any material diversion of assets, which indicates a commitment to financial integrity. However, the organization has not provided adequate financial documentation, such as reviews or compilations of financial statements, nor has it made essential policies like conflict of interest or whistleblower policies available to the public. This lack of transparency may raise concerns for potential donors and stakeholders regarding the organization's overall governance.
Additionally, the absence of its website link on tax forms and failure to post key documents, including tax forms and board meeting minutes on its website, further contribute to the "Needs Improvement" rating. Improving these areas could enhance the organization's credibility and trust among its supporters and the broader community.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolinas Eastern Economic Development Corporation legitimate?
North Carolinas Eastern Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolinas Eastern Economic Development Corporation 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: $215,839
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of North Carolinas Eastern Economic Development Corporation?
The North Carolina Eastern Economic Development Corporation is dedicated to establishing collaborative networks involving regional businesses, school districts, economic development municipalities, private foundations, state and local government, and various other entities. Their primary objective is to facilitate real-world STEM learning experiences for students across the region, aligning these opportunities with potential career prospects in Eastern North Carolina. By fostering these collaborations, the organization aims to bridge the gap between education and employment, providing students with valuable, hands-on experiences that can prepare them for their future careers.
Who is the CEO of North Carolinas Eastern Economic Development Corporation?
Vann Rogerson is the Executive Director of North Carolinas Eastern Economic Development Corporation.
What is the revenue of North Carolinas Eastern Economic Development Corporation?
North Carolinas Eastern Economic Development Corporation's revenue in 2022 was $812,466.
Who are the executives of North Carolinas Eastern Economic Development Corporation and what are their salaries?
The average compensation at North Carolinas Eastern Economic Development Corporation during 2022 was $71,946. There are 3 employees at North Carolinas Eastern Economic Development Corporation.
Here are 9 key members and their salaries:
- Compensation: $96,000
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Where can I find the form 990 for North Carolinas Eastern Economic Development Corporation?
North Carolinas Eastern Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Carolinas Eastern Economic Development Corporation
North Carolina's Eastern Economic Development Corporation is dedicated to fostering collaborative relationships between various entities, such as regional businesses, school districts, economic development municipalities, private foundations, state and local governments, and numerous others. Their primary objective is to facilitate real-world STEM learning opportunities for students across the region, ensuring that these experiences directly align with the career prospects in Eastern North Carolina. By establishing these networks, the organization aims to bridge the gap between education and employment, empowering students to gain practical, hands-on experience in their chosen fields. This strategic approach enables students to develop essential skills and knowledge, ultimately preparing them for successful careers within their local community.
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Impact
July, 2024
North Carolina's Eastern Economic Development Corporation has made a significant impact by developing networks through the collaborative efforts of regional businesses, school districts, economic development municipalities, private foundations, state and local government, and many others. Their focus is on providing real-world STEM learning opportunities that directly align with career opportunities in Eastern North Carolina. Throughout the year, they have worked directly with many boards of education in the region to implement STEM educational tools and learning environments, ensuring that students have access to valuable resources for their future success. This proactive approach is helping to bridge the gap between education and industry needs, ultimately benefiting both students and the region's economic development.
This information is meant to be a general summary of North Carolinas Eastern Economic Development Corporation. 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.
- Gross Receipts: $812,466
Assets and Liabilities:
- Total Assets: $266,767
- Total Liabilities: $68,372
- Net Assets: $198,395
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Organization Details
Founding Year
1996
Phone
(252) 482-4333Principal Officer
Vann Rogerson
Main Address
216 S BROAD STREET 200, EDENTON, NC, 27932
NTEE Category
Code: B99 - Education
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