Overview
What is Purchase Area Development District Inc?
The Purchase Area Development District Inc, based in far-west Kentucky, is a nonprofit organization dedicated to supporting economic development, providing technical assistance, and administering services and programs in the eight-county Jackson Purchase Area of Kentucky. Their comprehensive approach encompasses various aspects of community life, including human support, community infrastructure planning, economic development, and special projects. With a team of 78 employees, this organization aims to address both current and future needs in the region, creating a well-rounded and holistic approach to community development.
Official website here: www.purchaseadd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
Purchase Area Development District Inc has earned an impressive Four-Star rating on Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored exceptionally well in various categories, indicating robust governance practices and financial health. The absence of any material diversion of assets and a zero liability to assets ratio further underscore its financial integrity.
Key strengths include a fully independent board and transparent policies regarding conflict of interest, whistleblower protections, and document management. This level of oversight contributes to building trust with donors and stakeholders, showing that the organization is well-managed and prioritizes ethical practices.
Despite these strengths, the summary does not highlight any particular weaknesses or challenges faced by the organization. Overall, the high rating suggests that Purchase Area Development District Inc is a reliable choice for those looking to support a nonprofit with sound financial practices and a commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Purchase Area Development District Inc legitimate?
Purchase Area Development District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Purchase Area Development District 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,105,374
For more financial information, click here
Official website here: www.purchaseadd.org
What is the mission statement of Purchase Area Development District Inc?
The Purchase Area Development District (PADD) offers a comprehensive range of services, addressing various facets of life within the community. Based in a region undisclosed, PADD's initiatives encompass human support programs, community infrastructure planning, economic development, and special projects. The harmonious blend of these offerings equips PADD to effectively cater to the present and future requirements of the region.
Official website here: www.purchaseadd.org
Who is the CEO of Purchase Area Development District Inc?
Jeremy Buchanan is the Secretary of Purchase Area Development District Inc.
Official website here: www.purchaseadd.org
What is the revenue of Purchase Area Development District Inc?
Purchase Area Development District Inc's revenue in 2022 was $14,269,202.
Official website here: www.purchaseadd.org
Who are the executives of Purchase Area Development District Inc and what are their salaries?
The average compensation at Purchase Area Development District Inc during 2022 was $26,992. There are 78 employees at Purchase Area Development District Inc.
Here are 34 key members and their salaries:
- 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: $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: $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: $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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.purchaseadd.org
Where can I find the form 990 for Purchase Area Development District Inc?
Purchase Area Development District Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.purchaseadd.org
Learn more at the official website: www.purchaseadd.org
Mission Statement of Purchase Area Development District Inc
The Purchase Area Development District (PADD) is a dynamic organization that provides a wide range of services, addressing various aspects of life in the region it serves. Based in Kentucky, PADD's offerings encompass human support programs, community infrastructure planning, economic development initiatives, and special projects. By combining these diverse offerings, PADD ensures a comprehensive and holistic approach to addressing the current and future needs of the community.
PADD's mission is driven by its dedication to enhancing the quality of life in the region. Through its human support programs, it offers essential services that cater to the well-being of individuals. The community infrastructure planning initiatives aim to create sustainable and thriving communities, while economic development efforts stimulate growth and create opportunities for local businesses and residents. Lastly, PADD's special projects address unique challenges and opportunities within the region, further solidifying its position as a well-rounded and essential resource.
In summary, the Purchase Area Development District (PADD) is a versatile nonprofit organization that provides an extensive range of services, designed to improve various aspects of life in the region it serves. Its mission is grounded in a commitment to offering human support programs, community infrastructure planning, economic development initiatives, and special projects, ensuring a well-rounded and effective approach to meeting the current and future needs of the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Purchase Area Development District Inc (PADD) significantly impacts the Purchase region of far-west Kentucky by providing a comprehensive array of services that enhance the quality of life for residents. By focusing on human support programs, PADD addresses essential needs in the community, ensuring that citizens have access to basic resources and assistance.
The organization plays a critical role in community infrastructure planning, which is vital for sustainable growth and development. By facilitating improvements in transportation, utilities, and public services, PADD helps create a more connected and functional environment for residents and businesses alike.
Economic development initiatives spearheaded by PADD foster local business growth and attract investment to the region. This support not only contributes to job creation but also boosts the overall economic vitality of the area, ensuring a prosperous future for its inhabitants.
Moreover, PADD engages in special projects that respond to the evolving needs of the community. This proactive approach enables the organization to tackle current challenges and anticipate future demands, ensuring that the Purchase region remains resilient and adaptable over time.
Through its diverse services, PADD serves as a vital resource for the Purchase area's development, ultimately contributing to a better quality of life and a more vibrant community.
This information is meant to be a general summary of Purchase Area Development District 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: $117,062
- Program Service Revenue: $42,888
- Gross Receipts: $14,269,202
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARGES FOR SERVICES
Revenue
$42,888
Organization Details
Founding Year
1969
Phone
(270) 247-7171Principal Officer
Jeremy Buchanan
Main Address
PO BOX 588, MAYFIELD, KY, 42066
Website
www.purchaseadd.orgNTEE Category
Code: S300 - Community improvement
If you are a representative of Purchase Area Development District Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.