Overview
What is The Center For Rural Development Inc?
The Center for Rural Development Inc, based in Somerset, Kentucky, is a nonprofit organization situated at 2292 S HIGHWAY 27 STE 300. Its primary mission is to foster economic development in southeastern Kentucky, encompassing various sectors such as public safety, arts and culture, leadership, and technology. The center plays a significant role in facilitating both regional and national rural development initiatives, contributing to the overall development of the community. With a workforce of 33 dedicated individuals, The Center for Rural Development Inc is committed to driving positive change in the region.
Official website here: www.centertech.com
What are the reviews and ratings of this charity?
The Center For Rural Development Inc holds an impressive Four-Star out of Four Star rating from Charity Navigator, with a strong score of 96%. This high rating signifies the organization’s robust accountability and financial health, primarily assessed through its financial practices. Key areas of strength include a fully independent board and a commitment to financial oversight, indicated by favorable scores across various governance practices and policies.
The organization demonstrates a solid commitment to transparency and ethical standards with effective whistleblower and conflict of interest policies in place. Additionally, a high program expense ratio of 75.40% indicates that a significant portion of the funds raised is directed towards its mission-driven activities rather than administrative costs. However, it is noted that the Center cannot currently be evaluated for measures related to impact, culture, community, or leadership adaptability, which may leave potential donors or supporters wanting more information about its overall effectiveness.
Unfortunately, there are no user reviews available from GreatNonprofits to provide further insight into public sentiment regarding the organization. Overall, based on the financial metrics and governance score, The Center for Rural Development Inc appears to operate with integrity and a strong financial framework, though there is a lack of data on its broader impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Center For Rural Development Inc legitimate?
The Center For Rural Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center For Rural Development 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: $1,920,315
For more financial information, click here
Official website here: www.centertech.com
What is the mission statement of The Center For Rural Development Inc?
The Center for Rural Development Inc's mission is centered around promoting economic development in Southeastern Kentucky. This organization actively facilitates rural development in various sectors such as public safety, arts and culture, leadership, and technology at both regional and national levels. The primary goal is to stimulate economic growth and improve the living standards in this region.
Official website here: www.centertech.com
Who is the CEO of The Center For Rural Development Inc?
Lonnie Lawson is the CEO of The Center For Rural Development Inc The CEO's salary of The Center For Rural Development Inc is $176,045 and their total compensation is $205,308.
Official website here: www.centertech.com
What is the revenue of The Center For Rural Development Inc?
The Center For Rural Development Inc's revenue in 2024 was $9,400,255.
Official website here: www.centertech.com
Who are the executives of The Center For Rural Development Inc and what are their salaries?
The average compensation at The Center For Rural Development Inc during 2024 was $40,007. There are 48 employees and 21 volunteers at The Center For Rural Development Inc.
Here are 12 key members and their salaries (The Center For Rural Development Inc's CEO's salary is $176,045 and their total compensation is $205,308):
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- Compensation: $176,045
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- Other: $29,263
- Compensation: $155,000
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- Other: $39,774
Official website here: www.centertech.com
Where can I find the form 990 for The Center For Rural Development Inc?
The Center For Rural Development Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.centertech.com
Learn more at the official website: www.centertech.com
Mission Statement of The Center For Rural Development Inc
The Center for Rural Development Inc is committed to promoting economic development in southeastern Kentucky. This mission is carried out through various initiatives, including public safety, arts and culture, leadership, and technology. The organization serves as a facilitator for both regional and national rural development efforts, aiming to drive progress and improvement in these key areas. By focusing on these sectors, The Center for Rural Development Inc seeks to contribute to a more prosperous and vibrant rural community.
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Impact
July, 2024
The Center for Rural Development Inc plays a crucial role in providing economic development to Southeastern Kentucky. Its activities are focused on facilitating regional and national rural development in areas such as public safety, arts and culture, leadership, and technology. Through its initiatives, the center contributes significantly to community improvement in Somerset, Kentucky, and beyond, making a tangible impact on the region's economic growth and overall well-being.
This information is meant to be a general summary of The Center For Rural Development 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 2024.
- Investment Income: $17,011
- Program Service Revenue: $1,076,970
- Gross Receipts: $9,400,255
Assets and Liabilities:
- Total Assets: $52,726,644
- Total Liabilities: $1,706,028
- Net Assets: $51,020,616
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAXABLE ANCILLARY INCOME:SALE
Revenue
$91,883
EXHIBIT/SALES
Revenue
$82,158
MEETINGS/SEMINARS
Revenue
$81,627
IN-HOUSE GRANT ADMIN. - RDPC2
Revenue
$58,298
BANQUETS/SOCIALS
Revenue
$49,814
Organization Details
Founding Year
1995
Principal Officer
Lonnie Lawson
Website
www.centertech.comNTEE Category
Code: S30 - Community improvement
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