Overview
What is Warren County Public Facilities Company?
Warren County Public Facilities Company is a nonprofit organization situated in Warrenton, North Carolina (NC). Its primary mission is to foster economic development within Warren County by acquiring and managing land and buildings for industrial purposes. The company serves as a facilitator, providing the necessary infrastructure for businesses to thrive and grow, ultimately contributing to the overall prosperity of the county.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 42%
The Warren County Public Facilities Company has received a low rating of 42%, which translates to a Zero-Star out of Four Star rating. This score reflects significant concerns regarding its financial accountability and transparency. While the organization boasts a fully independent board and has effectively documented board meeting minutes, its low program expense ratio raises questions about the allocation of its resources.
One of the strengths noted is that the organization has no material diversion of assets, indicating a commitment to maintaining its resources for intended purposes. Additionally, the board's independence suggests a structure designed to uphold integrity in decision-making. However, the liabilities to assets ratio is notable at 57.67%, which points to potential financial instability.
The critical area of concern is the program expense ratio, which stands at 0.00%. This implies that the organization has not directed any funds towards its stated programs, which may undermine its mission effectiveness. Overall, while there are positive aspects regarding governance, the financial performance indicates a need for improvement in program funding and overall operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Warren County Public Facilities Company legitimate?
Warren County Public Facilities Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Warren County Public Facilities Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Warren County Public Facilities Company?
The Warren County Public Facilities Company's mission is centered around promoting economic development in Warren County, North Carolina. Acting as an entity to hold title to land and buildings, this company is instrumental in facilitating industrial development within the county. By doing so, it contributes to the overall economic growth and prosperity of the region. The company's primary goal is to stimulate economic activity and create opportunities for business growth and development within Warren County.
Who is the CEO of Warren County Public Facilities Company?
Oscar L Meek is the President of Warren County Public Facilities Company.
What is the revenue of Warren County Public Facilities Company?
Warren County Public Facilities Company's revenue in 2021 was $187,130.
Who are the executives of Warren County Public Facilities Company and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Warren County Public Facilities Company?
Warren County Public Facilities Company's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Warren County Public Facilities Company
Warren County Public Facilities Company, as an entity, is dedicated to fostering economic growth in Warren County, North Carolina. Its primary mission involves holding title to land and buildings for the purpose of industrial development within the county. By doing so, the company aims to contribute to the economic development of the region, ultimately benefiting the local community.
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Impact
October, 2024
Warren County Public Facilities Company plays a crucial role in fostering economic development in Warren County, NC. By holding title to land and buildings intended for industrial development, the organization facilitates the establishment of businesses and industrial operations within the region. This promotes job creation, enhances local infrastructure, and stimulates overall economic growth.
Through its focus on community improvement, the company contributes to the vitality and sustainability of the local economy, attracting new investments and providing opportunities for local residents. By promoting industrial development, Warren County Public Facilities Company not only supports immediate economic needs but also lays the groundwork for long-term prosperity in the area. Its efforts significantly impact the community, enhancing the quality of life for residents and making Warren County a more attractive destination for businesses and industries alike.
This information is meant to be a general summary of Warren County Public Facilities Company. 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 2021.
- Investment Income: $48
- Gross Receipts: $369,804
Assets and Liabilities:
- Total Assets: $3,163,905
- Total Liabilities: $1,824,805
- Net Assets: $1,339,100
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Organization Details
Founding Year
1999
Phone
(252) 257-3114Principal Officer
Oscar L Meek
Main Address
501 US HWY 158-BUSINESS EAST, WARRENTON, NC, 27589
NTEE Category
Code: S02 - Community improvement
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