Overview
What is Sunshine State Economic Development Corporation?
Sunshine State Economic Development Corporation is a dedicated private, community-based nonprofit organization situated in Florida. Their primary goal is to boost the economic and social well-being of small businesses within the state. They achieve this by offering assistance in securing long-term financing and refinancing existing debts. Furthermore, the corporation educates small business communities, economic development organizations, and lenders about other financing and economic development programs available. By providing these services, Sunshine State Economic Development Corporation supports the overall economic growth of Florida.
Official website here: www.sunshineedc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Sunshine State Economic Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to high standards of accountability and finance. The organization scores 96% overall, which is based solely on its Accountability & Finance beacon. This strong score indicates effective management of resources and a transparent financial operation.
A significant highlight of the organization’s governance is its board composition, which comprises 87% independent members, ensuring unbiased oversight. Additionally, it has received top marks for its financial oversight practices, with no material diversion of assets reported. The presence of comprehensive policies, including conflict of interest and whistleblower protections, further exemplifies its dedication to ethical governance.
While the organization excels in its financial practices, it is crucial for potential supporters to consider their overall mission and program effectiveness beyond just the financial metrics. However, the high program expense ratio of 96.11% suggests that the majority of its funds are directed towards its core activities, reinforcing a strong commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sunshine State Economic Development Corporation legitimate?
Sunshine State Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sunshine State Economic Development Corporation 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: $211,136
Professional Fundraising Fees: $0
Other Salaries and Wages: $848,435
For more financial information, click here
Official website here: www.sunshineedc.com
What is the mission statement of Sunshine State Economic Development Corporation?
The Sunshine State Economic Development Corporation is a private, community-oriented nonprofit organization with a mission to enhance the economic and social well-being of small businesses in Florida. It accomplishes this by offering assistance in securing long-term financing and educating various groups, including small business communities, economic development organizations, and lenders, about the availability of other financing and economic development programs. By providing these services, the corporation aims to promote economic growth within the state.
Official website here: www.sunshineedc.com
Who is the CEO of Sunshine State Economic Development Corporation?
A Brooke Mirenda is the President/Ceo of Sunshine State Economic Development Corporation. The CEO's salary of Sunshine State Economic Development Corporation is $211,136 and their total compensation is $242,114.
Official website here: www.sunshineedc.com
What is the revenue of Sunshine State Economic Development Corporation?
Sunshine State Economic Development Corporation's revenue in 2022 was $1,695,679.
Official website here: www.sunshineedc.com
Who are the executives of Sunshine State Economic Development Corporation and what are their salaries?
The average compensation at Sunshine State Economic Development Corporation during 2022 was $81,505. There are 13 employees and 8 volunteers at Sunshine State Economic Development Corporation.
Here are 14 key members and their salaries (Sunshine State Economic Development Corporation's CEO's salary is $211,136 and their total compensation is $242,114):
- Compensation: $211,136
- Related: $0
- Other: $30,978
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $113,519
- Related: $0
- Other: $14,110
- Compensation: $108,158
- Related: $0
- Other: $13,776
- Compensation: $108,292
- Related: $0
- Other: $12,087
- Compensation: $107,672
- Related: $0
- Other: $11,438
- Compensation: $125,738
- Related: $0
- Other: $36,421
Official website here: www.sunshineedc.com
Where can I find the form 990 for Sunshine State Economic Development Corporation?
Sunshine State Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sunshineedc.com
Learn more at the official website: www.sunshineedc.com
Mission Statement of Sunshine State Economic Development Corporation
Sunshine State Economic Development Corporation, established as a private, community-based nonprofit organization, is committed to enhancing the economic and social well-being of small businesses in Florida. Its primary objective is to assist these businesses in securing long-term financing, thereby facilitating their expansion or refinancing of existing debts. The corporation achieves this by educating various stakeholders, including small business communities, economic development organizations, and lenders, about the availability of various lending and economic development programs. By providing this assistance, Sunshine State Economic Development Corporation contributes significantly to the overall economic development within the state of Florida.
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Impact
July, 2024
Sunshine State Economic Development Corporation's impact can be seen in its support for small businesses in Florida. By providing assistance in obtaining long-term financing, this organization plays a vital role in helping small businesses expand and thrive. Additionally, their efforts in educating small business community groups, economic development organizations, and lenders about available lending and economic development programs contribute to the overall economic development of the state. Through its services, Sunshine State Economic Development Corporation actively works towards furthering the economic and social welfare of small businesses in Florida, ultimately supporting community improvement and growth.
This information is meant to be a general summary of Sunshine State Economic Development Corporation. 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: $9,017
- Program Service Revenue: $1,677,352
- Gross Receipts: $1,695,679
Assets and Liabilities:
- Total Assets: $6,634,562
- Total Liabilities: $891,844
- Net Assets: $5,742,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICING FEES
Revenue
$1,546,191
LOAN INTEREST INCOME
Revenue
$131,161
Organization Details
Founding Year
1982
Phone
(800) 850-2504Principal Officer
A Brooke Mirenda
Main Address
14141 46TH ST NORTH 1206, CLEARWATER, FL, 33762
Website
www.sunshineedc.comNTEE Category
Code: S43 - Community improvement
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