Overview
What is Education And Research Consortium Of The Western Carolinas Inc?
Education and Research Consortium of the Western Carolinas Inc is a nonprofit organization situated in Asheville, North Carolina. Their primary purpose is to drive economic growth in the Western Carolinas region by focusing on education, infrastructure development, and capital projects. By facilitating these initiatives, they aim to contribute positively to the local economy. The organization's mission is clear and focused, with a commitment to enhancing the economic landscape of the Western Carolinas through meaningful and impactful projects.
Official website here: www.ercwnc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Education and Research Consortium of the Western Carolinas Inc has achieved an 81% rating, reflecting solid performance in accountability and finance. This score is derived solely from the accountability and finance beacon, indicating that the organization meets key standards for financial health and transparency.
The nonprofit boasts a fully independent board, which is a significant strength, with all eight members meeting independence criteria. Additionally, the organization has robust policies in place, including conflict of interest and whistleblower protections, which further enhance its governance and accountability practices. The program expense ratio of 69.63% indicates that a substantial portion of its funds is directed towards its mission-related activities.
However, while the financial indicators are strong, the single beacon score could suggest limited insight into other aspects of the organization’s operations or impact. Overall, the nonprofit demonstrates a commitment to transparency and responsible financial management, but potential donors may want to seek further information on program outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Education And Research Consortium Of The Western Carolinas Inc legitimate?
Education And Research Consortium Of The Western Carolinas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Education And Research Consortium Of The Western Carolinas 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: $214,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ercwnc.org
What is the mission statement of Education And Research Consortium Of The Western Carolinas Inc?
The Education and Research Consortium of the Western Carolinas Inc has a mission to drive economic growth in the Western Carolinas region. This is achieved through three key areas: education, infrastructure development, and capital investment projects. By focusing on these sectors, the consortium aims to stimulate economic development and foster a prosperous future for the region. The organization's activities involve initiating and supporting projects that promote education, constructing necessary infrastructure, and facilitating capital development initiatives.
Official website here: www.ercwnc.org
Who is the CEO of Education And Research Consortium Of The Western Carolinas Inc?
Troy Tolle is the Exec. Dir. of Education And Research Consortium Of The Western Carolinas Inc.
Official website here: www.ercwnc.org
What is the revenue of Education And Research Consortium Of The Western Carolinas Inc?
Education And Research Consortium Of The Western Carolinas Inc's revenue in 2022 was $4,655,844.
Official website here: www.ercwnc.org
Who are the executives of Education And Research Consortium Of The Western Carolinas Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $214,200
- Related: $0
- Other: $43,713
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ercwnc.org
Where can I find the form 990 for Education And Research Consortium Of The Western Carolinas Inc?
Education And Research Consortium Of The Western Carolinas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ercwnc.org
Learn more at the official website: www.ercwnc.org
Mission Statement of Education And Research Consortium Of The Western Carolinas Inc
The Education and Research Consortium of the Western Carolinas Inc is dedicated to driving economic growth in the Western Carolinas region. They achieve this mission by focusing on three key areas: education, infrastructure development, and capital investment. Through their efforts, they aim to foster a thriving economy in this region.
By prioritizing education, the consortium seeks to equip the local workforce with the necessary skills and knowledge to compete in a global market. They construct infrastructure projects and facilitate capital development, thereby creating opportunities for businesses and industries to establish and grow in the Western Carolinas. By doing so, the consortium contributes to the overall economic development of the region.
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Impact
July, 2024
The Education And Research Consortium Of The Western Carolinas Inc has a significant impact on economic development in the Western Carolinas through its focus on education, infrastructure, and capital development. By actively working towards these goals, the organization contributes to the growth and prosperity of the region. Their mission to further economic development through education and infrastructure projects demonstrates their commitment to creating sustainable and impactful change in the community. Through initiatives in science research and other areas, the consortium plays a key role in driving innovation and progress in the Western Carolinas.
This information is meant to be a general summary of Education And Research Consortium Of The Western Carolinas 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: -$672,023
- Program Service Revenue: $456,571
- Gross Receipts: $11,937,301
Assets and Liabilities:
- Total Assets: $15,165,608
- Total Liabilities: $735,451
- Net Assets: $14,430,157
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DATA CENTER
Revenue
$284,071
MANAGEMENT FEES
Revenue
$152,500
IP PURCHASE/LICENSE
Revenue
$20,000
Organization Details
Founding Year
1999
Phone
(828) 350-2415Principal Officer
Troy Tolle
Main Address
151 PATTON AVENUE BOX 170, ASHEVILLE, NC, 28801
Website
www.ercwnc.orgNTEE Category
Code: U05 - Science research
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