Overview
What is Moosehead Lake Region Economic Development Corp?
The Moosehead Lake Region Economic Development Corp is a nonprofit organization situated in Greenville, Maine (specifically at PO Box 223). Their primary objective is to stimulate economic growth and job creation within the Moosehead Lake region. They achieve this by promoting the common good and public welfare, fostering local business development, and facilitating the generation of new job opportunities. The organization's mission is to sustain and strengthen existing businesses while also attracting new ones, ultimately contributing to the region's overall economic growth.
Official website here: www.mooseheadlakeedc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Moosehead Lake Region Economic Development Corp has received a solid rating of 83%, reflecting commendable accountability and financial practices. The organization excels in having a fully independent board with no material diversion of assets, ensuring transparency and integrity in governance. Their program expense ratio of 74.48% indicates a strong focus on investing in their mission.
However, the organization has notable limitations, as it lacks both a whistleblower policy and a document retention and destruction policy, which are key components of best practices in nonprofit governance. This absence may raise concerns among stakeholders regarding operational transparency. Overall, while the nonprofit demonstrates strengths in governance and program spending, addressing the identified gaps would further enhance its accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Moosehead Lake Region Economic Development Corp legitimate?
Moosehead Lake Region Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moosehead Lake Region 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.
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Official website here: www.mooseheadlakeedc.com
What is the mission statement of Moosehead Lake Region Economic Development Corp?
The Moosehead Lake Region Economic Development Corp is dedicated to promoting the common good and enhancing the welfare of the public. Their primary objective is to stimulate economic development, foster growth, and facilitate job creation within the region. The organization's mission is to support and sustain local businesses, attract new employment opportunities, and contribute to the economy's overall strengthening. By doing so, they aim to improve the region's overall prosperity and well-being.
Official website here: www.mooseheadlakeedc.com
Who is the CEO of Moosehead Lake Region Economic Development Corp?
Margarita Contreni is the Ex-Officio Vote of Moosehead Lake Region Economic Development Corp.
Official website here: www.mooseheadlakeedc.com
What is the revenue of Moosehead Lake Region Economic Development Corp?
Moosehead Lake Region Economic Development Corp's revenue in 2022 was $116,717.
Official website here: www.mooseheadlakeedc.com
Who are the executives of Moosehead Lake Region Economic Development Corp and what are their salaries?
Here are 16 key members and their salaries:
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Official website here: www.mooseheadlakeedc.com
Where can I find the form 990 for Moosehead Lake Region Economic Development Corp?
Moosehead Lake Region Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mooseheadlakeedc.com
Learn more at the official website: www.mooseheadlakeedc.com
Mission Statement of Moosehead Lake Region Economic Development Corp
The Moosehead Lake Region Economic Development Corp, as a dedicated organization, is committed to promoting the common good and fostering the general welfare of the public in and around Moosehead Lake, Maine. Their primary mission is to drive economic development in the region, aiming to stimulate growth and create job opportunities. By facilitating job creation, this corporation is working towards enhancing the local economy in the Moosehead Lake Region. Their ultimate goal is to sustain existing businesses and attract new ones, thereby contributing to the overall prosperity of the area.
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Impact
October, 2024
Moosehead Lake Region Economic Development Corp significantly enhances the economic landscape of the Moosehead Lake area in Maine. By promoting economic development and job creation, the organization plays a vital role in fostering sustainable growth within the community. Its initiatives are aimed at growing and sustaining local businesses, which not only supports the current workforce but also attracts new job opportunities to the region.
Through strategic efforts to improve the local economy, the organization helps create a thriving environment that benefits residents and visitors alike. By focusing on the common good and general welfare of the public, Moosehead Lake Region Economic Development Corp contributes to community improvement, ensuring that the area's economic vitality and quality of life continue to flourish. This, in turn, enhances the overall attractiveness of the Moosehead Lake region as a destination for both business and tourism, further embedding it as a key player in Maine’s economic development landscape.
This information is meant to be a general summary of Moosehead Lake Region 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: $43,972
- Program Service Revenue: $22,126
- Gross Receipts: $430,729
Assets and Liabilities:
- Total Assets: $1,693,942
- Total Liabilities: $48,091
- Net Assets: $1,645,851
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GBC RENTAL
Revenue
$19,098
ARTISAN COTTAGE RENTAL
Revenue
$1,528
DOCK SLIP RENTAL
Revenue
$1,500
Organization Details
Founding Year
2014
Phone
(207) 841-9955Principal Officer
Margarita Contreni
Main Address
PO BOX 223, GREENVILLE, ME, 04441
Website
www.mooseheadlakeedc.comNTEE Category
Code: S30 - Community improvement
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