Overview
What is Carroll County Economic Development Foundation Inc?
Carroll County Economic Development Foundation Inc is a nonprofit organization situated in Carrollton, Georgia. With a mission to foster a thriving economy, enhance overall quality of life, and promote workforce education, the foundation supports various initiatives. This includes attracting six new companies, addressing nine requests for information, and aiding in 13 industry expansions for existing businesses. The organization offers extensive support services to these industries and provides economic development and administrative assistance to local authorities. With a team of nine dedicated employees, Carroll County Economic Development Foundation Inc plays a significant role in the community's growth and development.
Official website here: www.carrolltomorrow.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 95%, Four-Star out of Four Star rating.
The Carroll County Economic Development Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is derived from its exceptional performance in the Accountability & Finance category, where it scored 95%. With a strong emphasis on transparency, the organization has an independent board made up entirely of independent members and has clear policies in place regarding conflict of interest and financial oversight.
The Foundation demonstrates effective financial management with a program expense ratio of 75.34%, meaning that a significant portion of its funds is directed towards programs rather than administrative costs. Additionally, its fundraising efficiency is commendable, with only $0.08 spent to raise each dollar of revenue. The working capital ratio of 4.91 years further reflects the organization's robust financial stability, providing confidence in its ability to sustain operations and meet its mission over the long term.
While the Foundation has shown strong performance metrics, potential donors or partners may seek more information about its specific programs and community impact. Overall, the Carroll County Economic Development Foundation Inc exemplifies a responsible nonprofit with a clear commitment to effective governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Carroll County Economic Development Foundation Inc legitimate?
Carroll County Economic Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carroll County Economic Development Foundation 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: $302,411
Professional Fundraising Fees: $0
Other Salaries and Wages: $257,129
For more financial information, click here
Official website here: www.carrolltomorrow.com
What is the mission statement of Carroll County Economic Development Foundation Inc?
The Carroll County Economic Development Foundation Inc's mission is centered around enhancing the local economy, improving the overall quality of life, and strengthening the workforce's education level. Additionally, the foundation aims to foster strong community leadership and effective governance within Carroll County, Georgia. This is achieved through various activities, including supporting the establishment of new businesses, responding to requests for information, and aiding in existing industry expansions. The foundation also provides extensive support services to local development authorities, helping to drive economic growth and development in the region.
Official website here: www.carrolltomorrow.com
Who is the CEO of Carroll County Economic Development Foundation Inc?
Bill Stone is the Treasurer of Carroll County Economic Development Foundation Inc. The CEO's salary of Carroll County Economic Development Foundation Inc is $241,583 and their total compensation is $302,411.
Official website here: www.carrolltomorrow.com
What is the revenue of Carroll County Economic Development Foundation Inc?
Carroll County Economic Development Foundation Inc's revenue in 2022 was $2,477,990.
Official website here: www.carrolltomorrow.com
Who are the executives of Carroll County Economic Development Foundation Inc and what are their salaries?
The average compensation at Carroll County Economic Development Foundation Inc during 2022 was $62,171. There are 9 employees at Carroll County Economic Development Foundation Inc.
Here are 31 key members and their salaries (Carroll County Economic Development Foundation Inc's CEO's salary is $241,583 and their total compensation is $302,411):
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Official website here: www.carrolltomorrow.com
Where can I find the form 990 for Carroll County Economic Development Foundation Inc?
Carroll County Economic Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carrolltomorrow.com
Learn more at the official website: www.carrolltomorrow.com
Mission Statement of Carroll County Economic Development Foundation Inc
The Carroll County Economic Development Foundation Inc is committed to fostering a stronger economy, enhancing the overall quality of life, and improving the education level of the workforce within the county. This mission is aimed at developing strong community leadership and promoting effective government, thereby contributing to the overall development and growth of Carroll County, Georgia. The organization's activities encompass supporting the establishment of new businesses, responding to Request for Information (RFIs), and assisting in the expansion of existing industries. Furthermore, the Foundation provides extensive support services to existing industries, engaging them in roundtable discussions to facilitate their growth plans. The Foundation also offers economic development and administrative support to various local authorities, including the Development Authority of Carroll County, the Carrollton Payroll Development Authority, and the Villa Rica Development Authority.
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Impact
July, 2024
Carroll County Economic Development Foundation Inc has significantly boosted economic growth and quality of life in Carroll County, Georgia. By fostering the establishment of 6 new companies, generating 9 RFIs, and facilitating 13 expansions within existing industries, the organization has played a pivotal role in driving job creation and investment in the region. Additionally, their dedication to enhancing the education level of the local workforce and developing strong community leadership has contributed to the overall prosperity and sustainability of Carroll County. Through providing extensive support services to existing industries and collaborating with key development authorities, the foundation has been instrumental in fostering economic development and effectively supporting local businesses. Their impactful work aligns with their mission to create a stronger economy, enhance quality of life, improve workforce education, and develop effective government in Carroll County.
This information is meant to be a general summary of Carroll County Economic Development Foundation 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: $13,586
- Program Service Revenue: $328,079
- Gross Receipts: $2,477,990
Assets and Liabilities:
- Total Assets: $6,006,579
- Total Liabilities: $160,487
- Net Assets: $5,846,092
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Burson Ctr Svc, phone fee
Management Fees
Revenue
$328,079
Other program service fee
PDA admin fee
Organization Details
Founding Year
2002
Phone
(770) 832-9272Principal Officer
Bill Stone
Main Address
200 NORTHSIDE DRIVE, CARROLLTON, GA, 30117
Website
www.carrolltomorrow.comNTEE Category
Code: S40 - Community improvement
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