Overview
What is Yuba Sutter Economic Development Corp?
Yuba Sutter Economic Development Corporation, located at 950 Tharp Road, Yuba City, CA 95993, is a local nonprofit organization with a mission to improve and strengthen the regional economy. This is achieved by educating the community on strategies for retaining and creating job opportunities, fostering development, and attracting business investments. The corporation's activities encompass local business retention and expansion, promotion, and regional planning. With a team of four dedicated individuals, they manage a revolving loan fund to support these initiatives.
Official website here: www.ysedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Yuba Sutter Economic Development Corp has received a strong rating of 94%, reflecting its commitment to accountability and financial transparency. With a score of 96 in Accountability & Finance, the organization demonstrates effective financial management, including a commendable program expense ratio of 76.17%. The presence of a fully independent board and absence of material asset diversion further bolster its reliability as a nonprofit.
In addition to financial integrity, the organization excels in constituent feedback, achieving a perfect score in collecting, utilizing, and implementing feedback for its programs. This indicates a strong focus on community engagement and responsiveness to the needs of its stakeholders. The nonprofit also has comprehensive policies in place for conflicts of interest and whistleblower protections, enhancing its operational credibility.
However, while the organization scores well overall, it received a slightly lower score of 75 in equity strategies, suggesting there may be areas for improvement in inclusivity and equity in its programming or outreach. Despite this limitation, the overall performance metrics indicate a robust organizational structure and effective service delivery.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Yuba Sutter Economic Development Corp?
Yuba Sutter Economic Development Corp may not yet have a wealth of ratings, but the available feedback offers a positive impression of the organization. One review highlights that it "does good things for the Yuba-Sutter area," indicating a strong community impact.
While the total number of reviews is limited, the sentiment reflects a promising start with regard to the nonprofit's efforts and initiatives. The recommendation suggests that those who have interacted with the organization feel positively about its mission and contributions to the local community. Overall, there is a sense that the Yuba Sutter Economic Development Corp is headed in a commendable direction and is making significant strides.
This AI summary has been generated from reviews found on Facebook.
Is Yuba Sutter Economic Development Corp legitimate?
Yuba Sutter Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yuba Sutter Economic Development Corp 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: $118,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,699
For more financial information, click here
Official website here: www.ysedc.org
What is the mission statement of Yuba Sutter Economic Development Corp?
The mission of Yuba Sutter Economic Development Corp is centered around enhancing and sustaining the economy's diversity. They achieve this by educating the community on strategies to retain existing jobs and stimulate the creation of new ones. Furthermore, they focus on promoting development opportunities and attracting business investments within the region. Their activities include managing a revolving loan fund and participating in regional planning for job creation. Overall, their mission is to foster a thriving economic environment in the community.
Official website here: www.ysedc.org
Who is the CEO of Yuba Sutter Economic Development Corp?
Brynda Stranix is the Secretary of Yuba Sutter Economic Development Corp.
Official website here: www.ysedc.org
What is the revenue of Yuba Sutter Economic Development Corp?
Yuba Sutter Economic Development Corp's revenue in 2022 was $873,732.
Official website here: www.ysedc.org
Who are the executives of Yuba Sutter Economic Development Corp and what are their salaries?
The average compensation at Yuba Sutter Economic Development Corp during 2022 was $78,475. There are 4 employees at Yuba Sutter Economic Development Corp.
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Official website here: www.ysedc.org
Where can I find the form 990 for Yuba Sutter Economic Development Corp?
Yuba Sutter Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ysedc.org
Learn more at the official website: www.ysedc.org
Mission Statement of Yuba Sutter Economic Development Corp
Yuba Sutter Economic Development Corp, as a mission-driven organization, strives to strengthen and expand the regional economy by educating the community. Their primary goal is to empower the community to retain existing businesses, foster new job opportunities, and attract investments that foster sustainability. By taking an active role in local business retention and expansion, as well as promoting and attracting new businesses, Yuba Sutter Economic Development Corp plays a crucial role in the region's economic growth and development. Their mission is not merely about numbers; it's about creating a thriving, diverse, and sustainable economy that benefits the entire community. They also manage a revolving loan fund to provide financial support to eligible businesses, further contributing to the region's economic growth and development.
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Impact
July, 2024
Yuba Sutter Economic Development Corp's impact includes improving and enhancing the diversification and sustainability of the economy in the Yuba City region. They focus on educating the community on job retention and creation, fostering development opportunities, and attracting business investments. Their local business retention and expansion efforts, along with job creation initiatives, contribute to the region's economic growth. Additionally, their management of a revolving loan fund provides vital financial support to businesses in the area. Overall, their work plays a crucial role in promoting community improvement and driving economic development in Yuba City and the surrounding areas.
This information is meant to be a general summary of Yuba Sutter Economic Development Corp. 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: $7,881
- Program Service Revenue: $264,278
- Gross Receipts: $873,732
Assets and Liabilities:
- Total Assets: $1,993,076
- Total Liabilities: $614,902
- Net Assets: $1,378,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$141,837
Grant management
Revenue
$122,441
Grant writing
Organization Details
Founding Year
1994
Phone
(530) 751-8555Principal Officer
Brynda Stranix
Main Address
950 THARP ROAD 1303, YUBA CITY, CA, 95993
Website
www.ysedc.orgNTEE Category
Code: S31 - Community improvement
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