Overview
What is Gulf Coast Economic Development District Inc?
Gulf Coast Economic Development District Inc, based in Houston, Texas, functions as a nonprofit organization with a crucial role in stimulating the economy within its region. Serving as a regional clearinghouse for Economic Development information, it provides technical assistance to foster economic growth. The organization's mission is to envision a diverse and healthy regional economy, ready to adapt to future economic developments, offering numerous opportunities for the Gulf Coast's citizens. During the COVID-19 pandemic, Gulf Coast Economic Development District Inc extended a Fortbend Revolving Loan to aid businesses affected by the crisis.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Gulf Coast Economic Development District Inc has achieved a high score of 94%, earning a Four-Star rating from Charity Navigator, which reflects strong performance in accountability and finance. This rating is based entirely on a single beacon score, indicating that the organization excels in maintaining transparency and financial health.
The organization demonstrates a robust governance structure, with 100% of board members being independent, which is a positive indicator of its operational integrity. Furthermore, it has scored perfectly in areas such as financial statement audits, conflict of interest policies, and the presence of a whistleblower policy, all crucial for maintaining trust and accountability.
Additionally, Gulf Coast Economic Development District Inc shows an impressive program expense ratio of 100%, meaning all its expenses are directed toward its programs. While the rating highlights significant strengths, it’s important for potential donors to consider the overall impact of the organization’s programs and their alignment with community needs.
This AI summary has been generated from information found on Charity Navigator.
Is Gulf Coast Economic Development District Inc legitimate?
Gulf Coast Economic Development District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gulf Coast Economic Development District Inc 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:
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Other Salaries and Wages: $382,552
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What is the mission statement of Gulf Coast Economic Development District Inc?
The Gulf Coast Economic Development District Inc, as a regional body, aims to serve as a hub for economic development information and offers technical assistance to stimulate economic growth within its region. The organization's mission, envisioned by its board, is to foster a robust and diversified economy, capable of adapting to future economic developments, ultimately providing ample opportunities for the region's citizens. The Gulf Coast Economic Development District Inc also provides financial support, such as the Fortbend Revolving Loan, to aid businesses impacted by challenges like the COVID-19 pandemic.
Who is the CEO of Gulf Coast Economic Development District Inc?
Jean Mahood is the Member of Gulf Coast Economic Development District Inc.
What is the revenue of Gulf Coast Economic Development District Inc?
Gulf Coast Economic Development District Inc's revenue in 2023 was $1,784,061.
Who are the executives of Gulf Coast Economic Development District Inc and what are their salaries?
Here are 26 key members and their salaries:
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Where can I find the form 990 for Gulf Coast Economic Development District Inc?
Gulf Coast Economic Development District Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Gulf Coast Economic Development District Inc
Gulf Coast Economic Development District Inc, as a regional clearinghouse, aims to stimulate economic growth within its territory by offering technical assistance. The organization envisions a future where the economy is robust and diverse, capable of accommodating future economic development opportunities for the region's citizens. The board's vision for Gulf Coast Economic Development District Inc is a thriving regional economy that is well-positioned to support economic development in the coming years.
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Impact
July, 2024
The Gulf Coast Economic Development District Inc's impact can be seen in its efforts to serve as a regional clearinghouse for economic development information and provide technical assistance to stimulate the economy within the region. They have made a tangible difference by providing the Fortbend Revolving Loan to help businesses affected by COVID, contributing to the overall health of the regional economy. Their mission aims for a diversified economy across various sectors, offering unprecedented opportunities to the citizens of the Gulf Coast.
This information is meant to be a general summary of Gulf Coast Economic Development District Inc. 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: $12,088
- Program Service Revenue: $56,402
- Gross Receipts: $1,784,061
Assets and Liabilities:
- Total Assets: $4,146,709
- Total Liabilities: $198,391
- Net Assets: $3,948,318
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Organization Details
Founding Year
1988
Phone
(713) 627-3200Principal Officer
Jean Mahood
Main Address
PO Box 22777, Houston, TX, 77227
NTEE Category
Code: S30Z - Community improvement
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