Overview
What is Pasco Economic Development Council Inc?
Pasco Economic Development Council Inc, based in Lutz, Florida, is a nonprofit organization committed to the economic development of Pasco County. Their primary mission involves attracting, retaining, and promoting the expansion of businesses and industries within the region. To achieve this, they develop promotional materials, provide technical assistance and training to new and expanding businesses, and offer low-cost loans to help these ventures grow. By working collaboratively with other entities, the council strives to improve the county's economy and overall quality of life, contributing positively to the local community. With a dedicated workforce of 15 individuals, Pasco Economic Development Council Inc plays a crucial role in fostering economic growth and development in Pasco County, Florida.
Official website here: www.pascoedc.com
What are the reviews and ratings of this charity?
88% rating from Charity Navigator, earning a Three-Star out of Four Star rating reflects a solid performance in accountability and finance for Pasco Economic Development Council Inc. The overall score is based entirely on the accountability and finance beacon, which indicates a high level of transparency and responsibility in financial management.
The organization boasts a fully independent board and a strong financial oversight structure, with no material diversion of assets reported. It has excelled in areas such as program expense ratios, demonstrating a commitment to channeling funds towards its mission, with over 95% of expenses allocated directly to programs.
However, the absence of a whistleblower policy and document retention and destruction plan may present some areas for improvement. While the council has shown commendable financial practices, addressing these governance gaps could enhance its overall accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Pasco Economic Development Council Inc legitimate?
Pasco Economic Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pasco Economic Development Council 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: $195,729
Professional Fundraising Fees: $0
Other Salaries and Wages: $658,889
For more financial information, click here
Official website here: www.pascoedc.com
What is the mission statement of Pasco Economic Development Council Inc?
The Pasco Economic Development Council Inc is a non-profit organization committed to economic development. Its mission is to collaborate with various entities to enhance the economy and improve the quality of life in the community. The Council develops promotional materials to attract, retain, and promote the expansion of businesses. It also provides technical assistance and training to new and expanding businesses, as well as offering low-cost loans to support their growth. The overall goal is to contribute to the economic development of the organization's operating region.
Official website here: www.pascoedc.com
Who is the CEO of Pasco Economic Development Council Inc?
William Cronin is the Director of Pasco Economic Development Council Inc.
Official website here: www.pascoedc.com
What is the revenue of Pasco Economic Development Council Inc?
Pasco Economic Development Council Inc's revenue in 2022 was $2,360,770.
Official website here: www.pascoedc.com
Who are the executives of Pasco Economic Development Council Inc and what are their salaries?
The average compensation at Pasco Economic Development Council Inc during 2022 was $56,975. There are 15 employees at Pasco Economic Development Council Inc.
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- Compensation: $182,589
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Official website here: www.pascoedc.com
Where can I find the form 990 for Pasco Economic Development Council Inc?
Pasco Economic Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pascoedc.com
Learn more at the official website: www.pascoedc.com
Mission Statement of Pasco Economic Development Council Inc
The Pasco Economic Development Council Inc, a non-profit organization, is committed to fostering economic development in Pasco County, Florida. Its mission is to collaborate with various entities to enhance the county's economy and improve its overall quality of life. The Council plays a crucial role in attracting, retaining, and promoting the expansion of businesses and industries within the county. It achieves this by developing promotional materials for print, offering technical assistance and training to new and expanding businesses, and providing low-cost loans to support their growth. The ultimate goal is to strengthen the economic fabric of Pasco County, thereby improving the living standards of its inhabitants.
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Impact
July, 2024
Pasco Economic Development Council Inc's impact lies in its dedicated efforts to enhance the economic landscape and quality of life in Pasco County, Florida. By collaborating with various entities, the organization drives initiatives to attract, retain, and promote the expansion of businesses and industries within the county. Through the development of promotional materials, provision of technical assistance and training to businesses, and offering low-cost loans, Pasco Economic Development Council Inc plays a pivotal role in fostering economic growth and community improvement in the region.
This information is meant to be a general summary of Pasco Economic Development Council 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: $47,146
- Gross Receipts: $2,432,085
Assets and Liabilities:
- Total Assets: $4,349,801
- Total Liabilities: $148,397
- Net Assets: $4,201,404
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Organization Details
Founding Year
1980
Phone
(813) 926-0827Principal Officer
William Cronin
Main Address
16506 POINTE VILLAGE DR, LUTZ, FL, 33558
Website
www.pascoedc.comNTEE Category
Code: S31Z - Community improvement
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