Overview
What is Metroplex Economic Development Corp?
Metroplex Economic Development Corp is a nonprofit organization situated in Dallas, Texas, with a mission to alleviate poverty and its impacts on the local community. Operating as a local economic development corporation, they provide various services to aid in poverty relief. These include funding for local businesses, job training and education, business counseling, community services, and similar activities, specifically targeted towards economically depressed areas. Their primary initiative, the Texas Offenders Re-Entry Initiative (TORI), assists ex-offenders in transitioning back into society by offering employment training, counseling, placement services, and transitional housing. With a team of 13 dedicated individuals, Metroplex Economic Development Corp is committed to uplifting and empowering their community.
Official website here: www.medc-dallas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Metroplex Economic Development Corp has achieved an impressive 96% score, reflecting strong accountability and financial health. With a perfect score for an independent board and no material diversion of assets, the organization demonstrates a commitment to integrity and effective governance. Their financial oversight is robust, supported by an audit and oversight committee that has received full marks.
The organization excels in its program expense ratio, allocating 99.62% of its resources directly to programs. This high percentage indicates that the majority of funds raised are utilized for their intended purpose, which is a significant strength for potential donors looking for impactful charities. Additionally, their comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention further reinforce their commitment to transparency.
Despite the strong financial health and governance practices, the summary does not highlight any specific programs or initiatives led by the Metroplex Economic Development Corp. Prospective donors may seek additional information on the organization's direct impact and outcomes to fully understand the breadth of its work in economic development.
This AI summary has been generated from information found on Charity Navigator.
Is Metroplex Economic Development Corp legitimate?
Metroplex Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metroplex Economic Development Corp 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: $184,939
Professional Fundraising Fees: $0
Other Salaries and Wages: $353,362
For more financial information, click here
Official website here: www.medc-dallas.org
What is the mission statement of Metroplex Economic Development Corp?
The Metroplex Economic Development Corp is committed to alleviating poverty and its impacts within the local community. As a local economic development corporation, it provides various resources to achieve this goal. These resources include funding for local businesses, job training and education, business counseling, community services, and similar activities. The organization aims to alleviate poverty in economically depressed areas, contributing to the betterment of the community as a whole. In addition, the Corp operates a program called the Texas Offenders Re-Entry Initiative (TORI), which provides employment training, counseling, placement services, and transitional housing to help ex-offenders reintegrate into society.
Official website here: www.medc-dallas.org
Who is the CEO of Metroplex Economic Development Corp?
Frank Dyer is the Director of Metroplex Economic Development Corp.
Official website here: www.medc-dallas.org
What is the revenue of Metroplex Economic Development Corp?
Metroplex Economic Development Corp's revenue in 2022 was $850,303.
Official website here: www.medc-dallas.org
Who are the executives of Metroplex Economic Development Corp and what are their salaries?
The average compensation at Metroplex Economic Development Corp during 2022 was $41,408. There are 13 employees and 200 volunteers at Metroplex Economic Development Corp.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $141,859
- Related: $0
- Other: $43,080
Official website here: www.medc-dallas.org
Where can I find the form 990 for Metroplex Economic Development Corp?
Metroplex Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medc-dallas.org
Learn more at the official website: www.medc-dallas.org
Mission Statement of Metroplex Economic Development Corp
Metroplex Economic Development Corp, as a local economic development corporation, is dedicated to alleviating poverty and its effects on the local community. This mission is achieved through various activities, including providing funding to local businesses, offering job training and education, offering business counseling, and delivering community services. All these initiatives aim to reduce poverty in economically depressed areas.
In addition to its primary mission, Metroplex Economic Development Corp also focuses on education as a means to combat poverty. As part of its efforts, the organization offers job training and education programs to help individuals acquire the skills necessary to secure employment and improve their livelihoods. Furthermore, the corporation provides business counseling to local entrepreneurs, offering guidance and support to help them turn their ideas into successful businesses. These initiatives, in turn, contribute to the overall economic development of the community and help to reduce poverty.
One of the specific programs run by Metroplex Economic Development Corp is the Texas Offenders Re-entry Initiative (TORI). This program aims to assist ex-offenders in transitioning back into society. TORI provides employment training, counseling, and placement services to help ex-offenders secure stable employment and reintegrate into the community. The organization also offers transitional housing to help ex-offenders make a smooth transition back into society, reducing the risk of recidivism. By offering these services, Metroplex Economic Development Corp is making a significant contribution to reducing poverty and promoting social justice in the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Metroplex Economic Development Corp's impact is significant in alleviating poverty and its effects on the local community in economically depressed areas. By providing funding to local businesses, job training and education, business counseling, and community services, the organization plays a vital role in promoting economic development and empowerment. Additionally, through initiatives like the Texas Offenders Re-Entry Initiative (TORI), Metroplex Economic Development Corp helps ex-offenders transition back into society by offering employment training, counseling, placement services, and transitional housing. Overall, the organization's efforts contribute to building stronger communities, fostering economic growth, and supporting individuals in need of assistance.
This information is meant to be a general summary of Metroplex Economic Development Corp. 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: $6,716
- Program Service Revenue: $135,634
- Gross Receipts: $850,303
Assets and Liabilities:
- Total Assets: $2,466,015
- Total Liabilities: $99,919
- Net Assets: $2,366,096
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$135,634
Organization Details
Founding Year
1998
Phone
(214) 333-6468Principal Officer
Frank Dyer
Main Address
3635 DAN MORTON DRIVE, DALLAS, TX, 75236
Website
www.medc-dallas.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Metroplex Economic Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.