Overview
What is The Aiken Corporation Of South Carolina?
The Aiken Corporation of South Carolina is a small, nonprofit organization situated in Aiken, South Carolina. Their primary mission is to revitalize and preserve the downtown area of Aiken, benefiting its citizens through business recruitment and special events. By diversifying and expanding the city's economic base, they aim to improve its overall quality of life. Their activities focus on enhancing the economic vitality, beautifying the city, and preserving its historical significance in downtown Aiken. They accomplish this through various initiatives, including recruiting businesses and organizing special events. With a modest workforce of two individuals, The Aiken Corporation of South Carolina is dedicated to making a positive impact on its community.
Official website here: www.aikencorporation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Aiken Corporation Of South Carolina has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While the organization boasts a fully independent board and has established various governance policies, its overall financial metrics raise flags, particularly in terms of program expenses and asset management.
Strengths include a completely independent board and adherence to policies around conflicts of interest and whistleblower protections. The charity has also documented board meeting minutes and has a website that lists its tax form, which suggests a level of transparency in its governance practices.
However, the organization struggles with financial efficiency, as evidenced by a low program expense ratio of 21.09% and a concerning liabilities-to-assets ratio of 28.29%. These figures indicate that a significant portion of its resources may not be directed towards its mission, which limits the charity's effectiveness and raises questions about its operational sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Aiken Corporation Of South Carolina legitimate?
The Aiken Corporation Of South Carolina is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Aiken Corporation Of South Carolina 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: $65,578
For more financial information, click here
Official website here: www.aikencorporation.org
What is the mission statement of The Aiken Corporation Of South Carolina?
The mission of The Aiken Corporation of South Carolina is centered around enhancing the economic vitality and improving the quality of life in an unspecified city. They aim to achieve this by revitalizing and preserving the downtown area, thereby promoting business growth and organizing special events. This initiative ultimately benefits the local citizens by enhancing the beauty of their city and preserving its historical significance.
Official website here: www.aikencorporation.org
Who is the CEO of The Aiken Corporation Of South Carolina?
Arthur W Rich is the Chairman of The Aiken Corporation Of South Carolina.
Official website here: www.aikencorporation.org
What is the revenue of The Aiken Corporation Of South Carolina?
The Aiken Corporation Of South Carolina's revenue in 2022 was $799,387.
Official website here: www.aikencorporation.org
Who are the executives of The Aiken Corporation Of South Carolina and what are their salaries?
The average compensation at The Aiken Corporation Of South Carolina during 2022 was $32,789. There are 2 employees and 15 volunteers at The Aiken Corporation Of South Carolina.
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Official website here: www.aikencorporation.org
Where can I find the form 990 for The Aiken Corporation Of South Carolina?
The Aiken Corporation Of South Carolina's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aikencorporation.org
Learn more at the official website: www.aikencorporation.org
Mission Statement of The Aiken Corporation Of South Carolina
The Aiken Corporation of South Carolina, a notable entity, is dedicated to enhancing the economic base and improving the quality of life in its respective area. Its primary mission is to foster economic vitality, while simultaneously elevating the aesthetic appeal and preserving the historical significance of downtown areas. This organization's efforts primarily focus on revitalizing and preserving the downtown area of the city, thereby benefiting its citizens. By attracting businesses and organizing special events, The Aiken Corporation of South Carolina contributes to the overall betterment of its community.
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Impact
July, 2024
The Aiken Corporation of South Carolina plays a key role in diversifying and expanding the city's economic base, as well as enhancing the quality of life in Aiken, South Carolina. Through its focus on the preservation and revitalization of Aiken's downtown area, the corporation directly benefits the citizens by attracting businesses, organizing special events, and fostering economic development. Its mission to improve the economic vitality, enhance the beauty, and preserve the historical significance of downtown Aiken underscores its impact on the community, making it a driving force in the city's growth and prosperity.
This information is meant to be a general summary of The Aiken Corporation Of South Carolina. 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: $325
- Program Service Revenue: $19,405
- Gross Receipts: $942,195
Assets and Liabilities:
- Total Assets: $3,291,790
- Total Liabilities: $608,904
- Net Assets: $2,682,886
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DOWNTOWN DOLLARS
Revenue
$19,405
Organization Details
Founding Year
1995
Phone
(803) 642-7654Principal Officer
Arthur W Rich
Main Address
PO BOX 1177, AIKEN, SC, 29802
Website
www.aikencorporation.orgNTEE Category
Code: A65 - Arts
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