Overview
What is Duncan Area Economic Development Foundation?
The Duncan Area Economic Development Foundation is a nonprofit organization based in Duncan, Oklahoma. Its primary objective is to stimulate industry growth by attracting new businesses and encouraging expansion or relocation of existing industries. This initiative aims to create new employment opportunities within the community and surrounding areas. The foundation is dedicated to fostering a favorable business environment and implementing workforce development programs to ultimately benefit the local community. The organization, with a team of five dedicated individuals, is actively working towards this mission.
Official website here: www.ok-duncan.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Duncan Area Economic Development Foundation has achieved a commendable Four-Star rating from Charity Navigator, showcasing its strong commitment to accountability and finance. The score reflects a perfect evaluation in several areas, including a fully independent board and robust financial oversight mechanisms, which contribute to its high level of trustworthiness.
Strengths highlighted in the assessment include excellent financial health, with a low liabilities to assets ratio and a program expense ratio of nearly 87%, indicating that the vast majority of funds are directed towards programs rather than administrative costs. Additionally, the foundation's policies on conflict of interest and whistleblower protections enhance its credibility and operational transparency.
While the rating is quite positive, it is primarily based on financial accountability metrics. There may be other aspects of the organization's impact and effectiveness that are not captured in this score, potentially leaving some stakeholders seeking more qualitative insights into the foundation's overall contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Duncan Area Economic Development Foundation legitimate?
Duncan Area Economic Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Duncan Area Economic Development Foundation 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: $190,677
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,187
For more financial information, click here
Official website here: www.ok-duncan.com
What is the mission statement of Duncan Area Economic Development Foundation?
The Duncan Area Economic Development Foundation's mission is centered around continually enhancing job opportunities and fostering a favorable business climate. Their primary objective is to develop workforce development programs, all with the aim of benefiting the community and its surrounding area. The foundation engages in industry recruitment activities, promoting Duncan to new and expanding industries, with the ultimate goal of creating new employment opportunities and advancing their mission.
Official website here: www.ok-duncan.com
What is the revenue of Duncan Area Economic Development Foundation?
Duncan Area Economic Development Foundation's revenue in 2023 was $2,619,410.
Official website here: www.ok-duncan.com
Who are the executives of Duncan Area Economic Development Foundation and what are their salaries?
The average compensation at Duncan Area Economic Development Foundation during 2023 was $62,173. There are 5 employees at Duncan Area Economic Development Foundation.
Here are 13 key members and their salaries:
- Compensation: $190,677
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- Other: $32,955
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Official website here: www.ok-duncan.com
Where can I find the form 990 for Duncan Area Economic Development Foundation?
Duncan Area Economic Development Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ok-duncan.com
Learn more at the official website: www.ok-duncan.com
Mission Statement of Duncan Area Economic Development Foundation
The Duncan Area Economic Development Foundation, in its mission, is dedicated to continuously enhancing job opportunities and fostering a favorable business climate in the community and surrounding area. This nonprofit organization focuses on implementing workforce development programs with the primary objective of benefiting the local community. Through industry recruitment activities, the Duncan Area Economic Development Foundation promotes Duncan as an attractive location for new and expanding industries. This strategic approach aims to create new employment opportunities, thereby contributing to the organization's overall mission.
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Impact
July, 2024
The Duncan Area Economic Development Foundation plays a crucial role in promoting economic growth and job creation in the Duncan area. By focusing on industry recruitment activities and workforce development programs, the foundation actively works to attract new businesses to the area, create employment opportunities, and enhance the overall business climate. Through these efforts, the foundation contributes significantly to the economic development and prosperity of the community and its surrounding areas.
This information is meant to be a general summary of Duncan Area Economic Development Foundation. 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: $65,701
- Gross Receipts: $3,936,308
Assets and Liabilities:
- Total Assets: $23,270,970
- Total Liabilities: $1,363,706
- Net Assets: $21,907,264
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Organization Details
Founding Year
1954
Principal Officer
Lyle Roggow
Website
www.ok-duncan.comNTEE Category
Code: S31Z - Community improvement
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