Overview
What is Jacksonville Development Corporation?
The Jacksonville Development Corporation is a nonprofit organization situated in Jacksonville, Texas. Its primary mission is to stimulate, support, and strengthen economic growth within the city. They achieve this by retaining existing industries that generate employment opportunities for local residents and attracting new businesses to the area. The organization's activities encompass promoting and assisting in the enhancement of economic development, thereby contributing to the overall prosperity of Jacksonville.
Official website here: www.jacksonvilleedc.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Jacksonville Development Corporation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization boasts a high score for having an entirely independent board and excellent oversight regarding financial statements. Additionally, it demonstrates effective management of assets with no material diversions, reflecting its commitment to proper financial stewardship.
However, there are notable limitations in its accountability practices. The organization lacks essential policies such as a conflict of interest, whistleblower, and document retention policies, which are critical for transparency and governance. Furthermore, the absence of tax forms on its website raises questions about accessibility and transparency for potential donors and stakeholders.
Despite these weaknesses, the Jacksonville Development Corporation excels in program expense management, dedicating all its expenses to its programs. This focus on delivering its mission effectively may resonate positively with supporters interested in the impact of their contributions. Overall, while the organization shows strong financial metrics, addressing its governance gaps could enhance its trustworthiness and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Jacksonville Development Corporation legitimate?
Jacksonville Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jacksonville Development Corporation 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: $136,328
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,833
For more financial information, click here
Official website here: www.jacksonvilleedc.com/
What is the mission statement of Jacksonville Development Corporation?
The Jacksonville Development Corporation's mission is to foster, aid, and enhance economic growth. This organization works towards retaining established industries that provide employment opportunities for local residents while simultaneously attracting new businesses to the area, thereby contributing to its economic development.
Official website here: www.jacksonvilleedc.com/
Who is the CEO of Jacksonville Development Corporation?
Darrell Dement is the Chairman of Jacksonville Development Corporation.
Official website here: www.jacksonvilleedc.com/
What is the revenue of Jacksonville Development Corporation?
Jacksonville Development Corporation's revenue in 2023 was $2,004,895.
Official website here: www.jacksonvilleedc.com/
Who are the executives of Jacksonville Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.jacksonvilleedc.com/
Where can I find the form 990 for Jacksonville Development Corporation?
Jacksonville Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.jacksonvilleedc.com/
Learn more at the official website: www.jacksonvilleedc.com/
Mission Statement of Jacksonville Development Corporation
The Jacksonville Development Corporation, a key player in economic development, strives to promote, aid, and improve the economic landscape in its designated area. The organization's mission is multifaceted, encompassing the retention of existing industries that provide substantial employment opportunities for the city's residents, as well as attracting new businesses to the area. By doing so, the Jacksonville Development Corporation plays a pivotal role in bolstering the local economy and enhancing the overall well-being of the community.
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Impact
July, 2024
The Jacksonville Development Corporation plays a vital role in promoting, assisting, and enhancing economic development in Jacksonville, Texas. By retaining existing industries that provide jobs for the city's residents and attracting new businesses to the area, the organization significantly contributes to the city's economic growth and prosperity. Through its efforts, the Jacksonville Development Corporation positively impacts the community by creating job opportunities, fostering business growth, and overall improving the economic landscape of the city.
This information is meant to be a general summary of Jacksonville Development Corporation. 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: $223,575
- Program Service Revenue: $1,664,921
- Gross Receipts: $2,104,082
Assets and Liabilities:
- Total Assets: $9,836,485
- Total Liabilities: $1,174,200
- Net Assets: $8,662,285
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Econ dev sales tax
Revenue
$1,629,207
Recognized revenue
Revenue
$35,714
Organization Details
Founding Year
1995
Phone
(903) 586-2217Principal Officer
Darrell Dement
Main Address
PO Box 1604, Jacksonville, TX, 75766
Website
www.jacksonvilleedc.com/NTEE Category
Code: S300 - Community improvement
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