Overview
What is Lufkinangelina County Economic Development Partnership?
Lufkinangelina County Economic Development Partnership, established in Lufkin, Texas, is a nonprofit organization dedicated to fostering economic growth and expansion within the Lufkin and Angelina County area. Their mission involves encouraging, stimulating, and promoting business development and diversification, aiming to enhance the local economy. The organization operates from 517 S 1ST ST, LUFKIN, TX 75901.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
The Lufkin-Angelina County Economic Development Partnership has received a low rating primarily due to significant shortcomings in accountability and finance practices. The score suggests concerns about the organization's transparency and governance, with several key policies and information not being available or missing altogether, such as a conflict of interest policy and a whistleblower policy. While the organization has an independent board with no material asset diversion issues, the lack of required documentation has heavily impacted its accountability score.
Despite some strengths, such as a fully independent board and proper documentation of board meeting minutes, the organization has failed to meet several fundamental standards of nonprofit governance. Key areas like the presence of a conflict of interest policy and the posting of required documents on its website are both lacking, contributing to the overall low score. Additionally, its program expense ratio indicates limited financial resources being allocated to programmatic activities, which raises concerns about its operational effectiveness.
Overall, potential donors and stakeholders should take caution when considering support for the Lufkin-Angelina County Economic Development Partnership, given the evident gaps in governance and transparency. The low rating indicates a need for improvement in these areas to enhance trust and accountability within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Lufkinangelina County Economic Development Partnership legitimate?
Lufkinangelina County Economic Development Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lufkinangelina County Economic Development Partnership 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.
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What is the mission statement of Lufkinangelina County Economic Development Partnership?
The Lufkinangelina County Economic Development Partnership, as a nonprofit organization, is committed to encouraging, stimulating, and promoting economic development, expansion, and diversification within its operating area. Its mission is geared towards fostering a thriving economic landscape, aiming to attract new businesses, support existing ones, and diversify the local economy. By doing so, the partnership aims to contribute to the overall economic growth and prosperity of the region.
Who is the CEO of Lufkinangelina County Economic Development Partnership?
Daren Hamaker is the Director of Lufkinangelina County Economic Development Partnership.
What is the revenue of Lufkinangelina County Economic Development Partnership?
Lufkinangelina County Economic Development Partnership's revenue in 2022 was $6,864.
Who are the executives of Lufkinangelina County Economic Development Partnership and what are their salaries?
Here are 19 key members and their salaries:
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Where can I find the form 990 for Lufkinangelina County Economic Development Partnership?
Lufkinangelina County Economic Development Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lufkinangelina County Economic Development Partnership
The Lufkinangelina County Economic Development Partnership, a nonprofit corporation, is dedicated to fostering economic growth and expansion within the Lufkin and Angelina County area in Texas. Its primary objective is to stimulate and diversify the local economy, encouraging businesses to thrive and prosper. By undertaking these initiatives, the organization aims to enhance the overall economic well-being of the community.
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Impact
August, 2024
The Lufkin/Angelina County Economic Development Partnership's impact is significant in fostering economic growth and prosperity within the Lufkin and Angelina County area. Through its efforts to encourage, stimulate, and promote economic development, expansion, and diversification, the partnership plays a crucial role in creating job opportunities, attracting investments, and supporting local businesses. By working to enhance the region's economic landscape, the Lufkin/Angelina County Economic Development Partnership contributes to the overall well-being and sustainability of the community.
This information is meant to be a general summary of Lufkinangelina County Economic Development Partnership. 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: $6,864
- Gross Receipts: $6,864
Assets and Liabilities:
- Total Assets: $1,412,454
- Total Liabilities: $0
- Net Assets: $1,412,454
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Organization Details
Founding Year
1995
Phone
(936) 632-8181Principal Officer
Daren Hamaker
Main Address
517 S 1ST ST, LUFKIN, TX, 75901
NTEE Category
Code: T70Z - Philanthropy
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