Overview
What is Columbus Economic Development Corporation Inc?
Columbus Economic Development Corporation Inc, based in Columbus, Georgia, serves as a catalyst for economic growth within the city and its surrounding area. Their primary role involves offering incentives and providing necessary support, as well as developing property, to foster economic prosperity. They have played a significant part in facilitating the relocation of various projects to Columbus, which would not have been feasible without their assistance. The organization's work has resulted in substantial benefits for the community, including the creation of jobs and capital investment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
The Columbus Economic Development Corporation Inc has achieved an 82% score, reflecting strong performance in the Accountability & Finance category. This rating indicates that the organization is effectively managing its resources and maintaining transparency in its financial practices, essential for donor confidence and sustainability.
Strengths highlighted include an entirely independent board, which consists of 10 members, and a solid financial structure, evidenced by a low liabilities to assets ratio of 19.55%. The organization has demonstrated a high program expense ratio of 88.22%, indicating that a significant portion of its expenditures is directed towards its mission-driven programs.
However, while the scores are commendable, the overall rating is solely based on one beacon, limiting the assessment of the organization's performance across other potential areas such as impact and outcomes. Nonetheless, the data presented suggests a well-managed organization with a commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Columbus Economic Development Corporation Inc legitimate?
Columbus Economic Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbus Economic Development Corporation 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:
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What is the mission statement of Columbus Economic Development Corporation Inc?
The Columbus Economic Development Corporation Inc's primary role is to offer incentives and various forms of support, as well as contribute to the development of property, all with the aim of fostering economic growth in the city of Columbus and its surrounding area. The organization has proven its significance by aiding the Development Authority of Columbus, Georgia in structuring and financing several projects. These projects, which sought to relocate within Columbus, Georgia, may not have been feasible without the aid of the corporation. Consequently, the community has benefited substantially, with the creation of jobs and capital investments ensuing.
Who is the CEO of Columbus Economic Development Corporation Inc?
Jack Key Iii is the Vice Chair of Columbus Economic Development Corporation Inc.
What is the revenue of Columbus Economic Development Corporation Inc?
Columbus Economic Development Corporation Inc's revenue in 2023 was $672,796.
Who are the executives of Columbus Economic Development Corporation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Columbus Economic Development Corporation Inc?
Columbus Economic Development Corporation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Columbus Economic Development Corporation Inc
Columbus Economic Development Corporation Inc, as stated in its activity or mission description, is dedicated to providing incentives, support, and facilitating property development for the economic benefit of the city of Columbus and its surrounding area. In essence, the organization aims to attract and support businesses that can contribute positively to the local economy, creating job opportunities and driving capital investment.
The corporation's mission is evident in its collaborative efforts with the Development Authority of Columbus, Georgia. By offering assistance in structuring and financing projects, it has enabled companies to relocate to Columbus, which might not have been feasible without such support. This has resulted in significant benefits for the community, including the creation of jobs and an influx of capital investment.
In summary, Columbus Economic Development Corporation Inc serves as a catalyst for economic growth in its area. By providing incentives, support, and facilitating property development, it attracts businesses that contribute to job creation and capital investment, ultimately benefiting the community.
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Impact
July, 2024
Columbus Economic Development Corporation Inc's impact is significant in facilitating economic growth and development in Columbus, Georgia, and the surrounding area. The organization plays a crucial role in providing incentives, support, and property development to attract businesses and projects that contribute to the local economy. By assisting the Development Authority of Columbus, the organization has successfully structured and financed numerous projects that have chosen to relocate to Columbus.
These projects have not only brought new opportunities for job creation but have also led to substantial capital investments in the community. Without the support of Columbus Economic Development Corporation Inc, the location of these projects would not have been feasible, highlighting the organization's vital role in driving economic prosperity and community improvement in the region.
This information is meant to be a general summary of Columbus Economic Development Corporation 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 2023.
- Gross Receipts: $1,038,344
Assets and Liabilities:
- Total Assets: $11,660,107
- Total Liabilities: $2,280,109
- Net Assets: $9,379,998
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Organization Details
Founding Year
1991
Phone
(706) 327-1566Principal Officer
Jack Key Iii
Main Address
118 W 11TH STREET, COLUMBUS, GA, 31901
NTEE Category
Code: S300 - Community improvement
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