Overview
What is Superior California Economic Development Inc?
Superior California Economic Development Inc, situated in Redding, California, serves as a vital nonprofit organization. Its primary focus is to aid in economic development planning, coordination, and implementation. The organization also offers small business training, counseling, and finance assistance with the objective of establishing stable, long-term employment opportunities within the private sector economy. With a team of nine dedicated professionals, Superior California Economic Development Inc strives to contribute positively to the local community's economic growth and development.
Official website here: www.scedd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Superior California Economic Development Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its high accountability and financial performance. The organization has a perfect score for its Accountability & Finance metrics, indicating robust financial health and governance practices. The majority of board members are independent, which enhances the integrity of decision-making processes.
The nonprofit's financial statements have received thorough audit and oversight, contributing to transparency in its operations. It has established strong policies regarding conflict of interest, whistleblower protections, and document retention, all of which signify a commitment to ethical standards and accountability. Furthermore, a low liabilities to assets ratio and a high program expense ratio demonstrate that the majority of its resources are utilized for its mission-related programs.
While the organization shows exceptional performance in financial accountability, the summary does not provide information on specific programs or outcomes achieved. This leaves a gap in understanding the direct impact of its initiatives on the community it serves. Overall, Superior California Economic Development Inc showcases strong fiscal responsibility and governance, making it a trustworthy nonprofit in the economic development sector.
This AI summary has been generated from information found on Charity Navigator.
Is Superior California Economic Development Inc legitimate?
Superior California Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Superior California Economic 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: $197,715
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,699
For more financial information, click here
Official website here: www.scedd.org
What is the mission statement of Superior California Economic Development Inc?
Superior California Economic Development Inc is committed to assisting in economic development planning, coordination, and implementation. Their primary goal is to provide small business training, counseling, and finance assistance with the aim of creating stable, long-term employment opportunities in the private sector economy. This organization's activities are centered around fostering economic growth and development by supporting local businesses.
Official website here: www.scedd.org
Who is the CEO of Superior California Economic Development Inc?
Ryan Richardson is the President of Superior California Economic Development Inc.
Official website here: www.scedd.org
What is the revenue of Superior California Economic Development Inc?
Superior California Economic Development Inc's revenue in 2023 was $1,227,865.
Official website here: www.scedd.org
Who are the executives of Superior California Economic Development Inc and what are their salaries?
The average compensation at Superior California Economic Development Inc during 2023 was $41,602. There are 9 employees at Superior California Economic Development Inc.
Here are 16 key members and their salaries:
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- Compensation: $16,787
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- Other: $4,244
- Compensation: $142,707
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- Other: $13,929
Official website here: www.scedd.org
Where can I find the form 990 for Superior California Economic Development Inc?
Superior California Economic Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.scedd.org
Learn more at the official website: www.scedd.org
Mission Statement of Superior California Economic Development Inc
Superior California Economic Development Inc is committed to contributing to economic development planning, coordination, and implementation. This nonprofit organization's primary goal is to offer small business training, counseling, and finance assistance. The ultimate aim is to create stable, long-term employment opportunities in the private sector economy. By providing these services, Superior California Economic Development Inc strives to foster a thriving economic landscape, thereby contributing to the overall well-being of the community.
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Impact
July, 2024
Superior California Economic Development Inc contributes significantly to the economic development of Redding, CA, by providing essential assistance in economic planning, coordination, and implementation. Additionally, the organization plays a crucial role in offering small business training, counseling, and financial support to local entrepreneurs, with the aim of fostering stable, long-term employment opportunities within the private sector economy. Through these initiatives, Superior California Economic Development Inc positively impacts the community by supporting the growth and sustainability of businesses, ultimately driving economic prosperity and enhancing the overall quality of life in the region.
This information is meant to be a general summary of Superior California Economic 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 2023.
- Investment Income: $2,131
- Program Service Revenue: $742,175
- Gross Receipts: $1,227,865
Assets and Liabilities:
- Total Assets: $8,478,131
- Total Liabilities: $1,344,183
- Net Assets: $7,133,948
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$14,525
LOAN INTEREST
Revenue
$431,536
SBA 504 INCOME
Revenue
$283,222
REFUNDS & REIMBURSEMENTS
Revenue
$12,892
Organization Details
Founding Year
1985
Phone
(530) 225-2760Principal Officer
Ryan Richardson
Main Address
350 HARTNELL AVENUE SUITE A, REDDING, CA, 96002
Website
www.scedd.orgNTEE Category
Code: S30Z - Community improvement
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