Overview
What is Linden Economic Development Corporation?
The Linden Economic Development Corporation, based in Linden, Texas (PO Box 1229), is a dedicated nonprofit organization. Their primary mission is to catalyze and support economic growth within the city, engaging in various activities to foster development. By promoting, aiding, and enhancing these economic endeavors, the corporation aims to contribute positively to the overall prosperity of Linden, Texas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. The Linden Economic Development Corporation has received a solid score based on its accountability and financial practices. This rating is primarily derived from one beacon score, reflecting a strong commitment to transparency and responsible management of resources.
The organization excels in several key areas, including having a fully independent board, which is a notable strength with 10 out of 10 points awarded for majority independent board members. Additionally, there are no signs of material diversion of assets, and the organization documents board meeting minutes, indicating a high level of accountability. With an impressive program expense ratio of 83.39%, the organization effectively allocates its resources towards its mission.
However, while the rating reflects strong performance in accountability and financial management, it is important to consider that the overall score is based solely on these factors. Further insights into programmatic effectiveness and impact would provide a more comprehensive understanding of the organization's operations and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Linden Economic Development Corporation legitimate?
Linden Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Linden Economic 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.
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What is the mission statement of Linden Economic Development Corporation?
The Linden Economic Development Corporation is dedicated to promoting, aiding, and enhancing economic growth activities within its realm. Its mission is centered around stimulating economic development, providing assistance, and enhancing the economic landscape, all with the aim of fostering a thriving economic environment. The corporation's activities are geared towards bolstering business growth, fostering investment opportunities, and contributing to the overall economic prosperity of the community.
What is the revenue of Linden Economic Development Corporation?
Linden Economic Development Corporation's revenue in 2023 was $138,753.
Who are the executives of Linden Economic Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Linden Economic Development Corporation?
Linden Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Linden Economic Development Corporation
The Linden Economic Development Corporation, as the name suggests, is committed to advancing and strengthening economic growth opportunities within the city of Linden, Texas. Their mission, in essence, is to act as a catalyst for driving economic development within the city, providing assistance and support to various initiatives that contribute to its prosperity. By promoting, assisting, and enhancing economic activities, the corporation aims to foster a thriving and vibrant community, ultimately benefiting its residents and businesses alike.
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Impact
October, 2024
The Linden Economic Development Corporation significantly impacts the city of Linden, Texas, by promoting and enhancing economic development activities. Through targeted initiatives, it assists local businesses, attracts new investments, and fosters a thriving economic environment that benefits the community. By focusing on community improvement, the corporation plays a crucial role in enhancing the overall quality of life for residents, creating job opportunities, and stimulating sustainable growth in the region. The corporation's efforts contribute to making Linden an attractive destination for both businesses and families, driving long-term economic stability and prosperity.
This information is meant to be a general summary of Linden Economic 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: $1,539
- Program Service Revenue: $137,214
- Gross Receipts: $138,753
Assets and Liabilities:
- Total Assets: $615,389
- Total Liabilities: $7,570
- Net Assets: $607,819
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX REVENUE
Revenue
$137,214
Organization Details
Founding Year
1990
Principal Officer
Carla Roadcap
NTEE Category
Code: S32 - Community improvement
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