Overview
What is Rhea Economic And Tourism Council?
The Rhea Economic and Tourism Council is a nonprofit organization situated in Dayton, Tennessee. Its primary mission is to boost the economic growth and social welfare of the citizens of Rhea County and its surrounding trade area. This is achieved through various initiatives, such as fostering job opportunities, supporting the expansion of existing businesses, promoting tourism, and providing industrial training. The council collaborates with local and state officials to attract new industries and jobs, generating income, employment, and tax revenues for the city and county. These funds, in turn, support the council's daily operations and ongoing economic development activities. With a modest workforce of two individuals, the Rhea Economic and Tourism Council plays a significant role in fostering the local economy and community development.
Official website here: www.rheacountyetc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
The Rhea Economic And Tourism Council has received a low score of 44%, which translates to a Zero-Star rating primarily due to concerns regarding accountability and financial practices. While the organization does have a fully independent board and effective financial oversight, the absence of critical policies such as a conflict of interest policy and a whistleblower policy has negatively impacted its accountability score.
In terms of financial health, the council shows a liabilities to assets ratio of 27.19%, indicating potential financial risk. Additionally, a program expense ratio of 48.26% raises concerns about the proportion of funds directed towards programs versus administrative costs. This combination of factors contributes to the overall low rating, suggesting that while the organization has a competent governance structure, it needs significant improvements in its financial management practices and transparency to enhance its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Rhea Economic And Tourism Council legitimate?
Rhea Economic And Tourism Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhea Economic And Tourism Council 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: $62,565
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,844
For more financial information, click here
Official website here: www.rheacountyetc.com
What is the mission statement of Rhea Economic And Tourism Council?
The Rhea Economic and Tourism Council's mission is geared towards fostering economic growth and improving social welfare within its local community and surrounding trade area. This is achieved by creating job opportunities, encouraging the expansion of existing businesses, and promoting tourism. The council also works on attracting new industries and jobs to the area, collaborating with local and state officials to create lucrative opportunities. As these opportunities materialize, they generate income, create jobs, and contribute to tax revenues, which in turn support the council's daily operations and ongoing economic development initiatives. Additionally, the council plays a role in tourism and marketing, as well as providing education and industrial training.
Official website here: www.rheacountyetc.com
Who is the CEO of Rhea Economic And Tourism Council?
Vaughn Berger is the Vice-Chair (Start Oct. 2021) of Rhea Economic And Tourism Council.
Official website here: www.rheacountyetc.com
What is the revenue of Rhea Economic And Tourism Council?
Rhea Economic And Tourism Council's revenue in 2022 was $580,025.
Official website here: www.rheacountyetc.com
Who are the executives of Rhea Economic And Tourism Council and what are their salaries?
The average compensation at Rhea Economic And Tourism Council during 2022 was $49,704. There are 2 employees at Rhea Economic And Tourism Council.
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Official website here: www.rheacountyetc.com
Where can I find the form 990 for Rhea Economic And Tourism Council?
Rhea Economic And Tourism Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rheacountyetc.com
Learn more at the official website: www.rheacountyetc.com
Mission Statement of Rhea Economic And Tourism Council
The Rhea Economic and Tourism Council is committed to enhancing the economic development, social welfare, and common good of its local community and the surrounding trade area. To achieve this mission, the council focuses on creating job opportunities, encouraging the growth of existing businesses, and promoting tourism. The ultimate goal is to attract new industries and jobs, generating income, employment, and tax revenues for the city and county. These funds then support the council's daily operations and ongoing economic development initiatives.
In addition to economic development, the council also invests in tourism and marketing. By collaborating with local and state officials, the Rhea Economic and Tourism Council works to retain existing industries, assist them in expansions, and educate the workforce. This approach not only benefits the organizations themselves but also contributes to the overall prosperity of the community.
Moreover, the council recognizes the potential of tourism as a revenue generator. By promoting tourism, the council aims to attract visitors to the area, which in turn supports local businesses and creates additional job opportunities. Through education and industrial training, the Rhea Economic and Tourism Council also equips the workforce with the necessary skills to thrive in this evolving economic landscape. In essence, the council serves as a catalyst for growth and prosperity in its community, using a multi-faceted approach that encompasses economic development, tourism, and education.
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Impact
July, 2024
The Rhea Economic And Tourism Council plays a vital role in furthering economic development and tourism in Rhea County, TN, and the surrounding trade area. By working to retain existing industries, assisting with expansions, and advocating for them with local and state officials, the council helps create job opportunities and encourage business growth. Additionally, their efforts to attract new industries and jobs to the area through collaboration with officials result in increased income, jobs, and tax revenues for the city and county.
Through initiatives in economic and industry development, tourism promotion, education, and industrial training, the council contributes to the overall improvement of the community. By providing essential support to businesses and industries, as well as promoting tourism, the council contributes to the economic well-being and social welfare of the citizens of Rhea County and the surrounding area.
This information is meant to be a general summary of Rhea Economic And Tourism Council. 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: $28
- Program Service Revenue: $240,343
- Gross Receipts: $580,025
Assets and Liabilities:
- Total Assets: $551,838
- Total Liabilities: $143,762
- Net Assets: $408,076
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BASS TOURNAMENT INCOME
Revenue
$216,876
MEMBERSHIP DUES
Revenue
$11,742
WELDING SCHOOL INCOME
Revenue
$11,725
Organization Details
Founding Year
1996
Phone
(423) 775-6171Principal Officer
Vaughn Berger
Main Address
107 MAIN STREET, DAYTON, TN, 37321
Website
www.rheacountyetc.comNTEE Category
Code: S30 - Community improvement
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