Overview
What is Northwest Arkansas Economic Development District Inc?
Northwest Arkansas Economic Development District Inc, headquartered in Harrison, Arkansas, serves as a regional hub for fostering economic growth. The organization, with a workforce of 171 individuals, offers a variety of services to its constituency. Its primary focus lies in identifying economic development opportunities and managing public grants and funds for the betterment of the Northwest Arkansas region. One of its key divisions is the transportation division, North Arkansas Transportation Services (NATS), which provides diverse transportation solutions such as demand response routes, deviated fixed routes, and commuter routes, enhancing mobility for its passengers. Another significant division is the Workforce Innovation & Opportunity Act (WIOA) program, which offers educational and job skill training opportunities for disadvantaged youth, adults, and dislocated workers, empowering them to advance their careers. Lastly, the Community Development Division seeks and administers grants on behalf of its member city and county governments, contributing to the overall improvement of the district.
Official website here: www.nwaedd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
Northwest Arkansas Economic Development District Inc has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial stability. The organization's overall score is based entirely on its strong performance in accountability and finance, showcasing effective governance and transparent operations.
The nonprofit boasts a fully independent board, with all members contributing to its strong oversight, and a robust financial structure evidenced by a low liabilities-to-assets ratio. The organization demonstrates its commitment to best practices through various policies, including conflict of interest, whistleblower protection, and document retention, which are all clearly outlined and adhered to.
Additionally, the organization allocates a significant portion of its expenditures to programs, with a program expense ratio of 92.68%. This suggests that the majority of its funds are directed towards fulfilling its mission, although specific details regarding program impact or community feedback were not highlighted in the available data. Overall, the organization exemplifies strong fiscal health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Northwest Arkansas Economic Development District Inc legitimate?
Northwest Arkansas Economic Development District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Arkansas Economic 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: $118,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,145,080
For more financial information, click here
Official website here: www.nwaedd.org
What is the mission statement of Northwest Arkansas Economic Development District Inc?
The Northwest Arkansas Economic Development District Inc's mission is to serve as a regional forum for local governments and citizens, facilitating the identification of issues and opportunities. This organization aims to provide leadership in planning and implementing programs to enhance the quality of life within the district. The primary activities of Northwest Arkansas Economic Development District Inc include operating governmental programs that benefit the region, managing public grants and funds, and offering a variety of service offerings. Notably, the organization operates a transportation division, a workforce division, and a community development division. The transportation division provides diverse transportation solutions, the workforce division offers educational and job skill training opportunities for disadvantaged individuals, and the community development division seeks out, applies for, and administers grants on behalf of its member city and county governments.
Official website here: www.nwaedd.org
Who is the CEO of Northwest Arkansas Economic Development District Inc?
Joe Willis is the Chairman of Northwest Arkansas Economic Development District Inc.
Official website here: www.nwaedd.org
What is the revenue of Northwest Arkansas Economic Development District Inc?
Northwest Arkansas Economic Development District Inc's revenue in 2022 was $5,891,073.
Official website here: www.nwaedd.org
Who are the executives of Northwest Arkansas Economic Development District Inc and what are their salaries?
The average compensation at Northwest Arkansas Economic Development District Inc during 2022 was $13,236. There are 171 employees and 100 volunteers at Northwest Arkansas Economic Development District Inc.
Here are 28 key members and their salaries:
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- Compensation: $118,200
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- Other: $14,305
Official website here: www.nwaedd.org
Where can I find the form 990 for Northwest Arkansas Economic Development District Inc?
Northwest Arkansas Economic Development District Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwaedd.org
Learn more at the official website: www.nwaedd.org
Mission Statement of Northwest Arkansas Economic Development District Inc
Northwest Arkansas Economic Development District Inc, often referred to as NWAEDD, is an organization with a mission to serve as a regional forum for local governments and citizens. Its primary goal is to identify issues and opportunities within its constituency, and to provide leadership in planning and implementing programs aimed at enhancing the quality of life in the district. In essence, NWAEDD seeks to foster economic development opportunities for its region.
To achieve this mission, NWAEDD operates various service offerings. One of its most notable divisions is the Transportation Division, which operates under North Arkansas Transportation Services (NATS). NATS provides a range of transportation solutions to its passengers, including demand response routes, deviated fixed routes, and commuter routes. Another significant division is the Workforce Division, funded by the Workforce Innovation & Opportunity Act (WIOA). This division offers educational and job skill training opportunities to disadvantaged youth, adults, and dislocated workers, empowering them to advance their careers. Lastly, the Community Development Division focuses on securing, applying for, and administering grants on behalf of its member city and county governments.
In summary, Northwest Arkansas Economic Development District Inc is a mission-driven organization committed to improving the quality of life in its district. It accomplishes this by identifying economic development opportunities, operating governmental programs, and managing public grants and funds. Through its service offerings, including the Transportation Division, Workforce Division, and Community Development Division, NWAEDD provides essential resources and support to its constituency, fostering a thriving and prosperous region.
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Impact
July, 2024
Northwest Arkansas Economic Development District Inc's impact is significant in the Northwest Arkansas region. It plays a crucial role in identifying economic development opportunities for its constituency, operating governmental programs that benefit the area, and managing public grants and funds. Through its various service offerings, such as the transportation division through North Arkansas Transportation Services (NATS), the Workforce Innovation & Opportunity Act (WIOA) funded workforce division, and its community development division, Northwest Arkansas Economic Development District Inc positively impacts the region. NATS provides transportation solutions to passengers, WIOA offers educational and job skill training opportunities for disadvantaged individuals, and the community development division seeks out grants to improve the quality of life in the district. By serving as a regional forum for local governments and citizens to address challenges and opportunities, Northwest Arkansas Economic Development District Inc contributes to the overall improvement of the community.
This information is meant to be a general summary of Northwest Arkansas Economic 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: $18,982
- Program Service Revenue: $537,778
- Gross Receipts: $5,891,596
Assets and Liabilities:
- Total Assets: $5,054,420
- Total Liabilities: $880,259
- Net Assets: $4,174,161
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM ACTIVITIES
Revenue
$537,778
Organization Details
Founding Year
1971
Phone
(870) 741-5404Principal Officer
Joe Willis
Main Address
P O BOX 190, HARRISON, AR, 726020190
Website
www.nwaedd.orgNTEE Category
Code: S30 - Community improvement
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