Overview
What is Lemhi County Economic Development Association Inc?
Lemhi County Economic Development Association Inc, headquartered at 303 Monroe, Salmon, ID 83467, is a nonprofit organization dedicated to community development and infrastructure improvement. Specifically, they focus on enhancing transportation, broadband, and tourism infrastructure within the region. The association serves as a facilitator and coordinator for local area nonprofits, offering guidance and programs to foster economic growth. Their mission involves promoting new businesses, retaining existing ones, and expanding existing enterprises to enhance the well-being and quality of life for residents in the area. With a team of 10 dedicated individuals, Lemhi County Economic Development Association Inc is committed to improving the local economy and fostering a thriving community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
The Lemhi County Economic Development Association Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. Its score reflects strengths in several areas, notably its commitment to maintaining an independent board, with 100% of board members being independent and a negligible liability to assets ratio of 4.47%. Additionally, the organization excels in financial transparency, evidenced by its perfect scores in document retention and meeting minutes documentation.
Despite these strengths, the overall score of 71% suggests there may be areas for improvement in financial practices or program effectiveness that could enhance its rating. While the charity demonstrates a strong program expense ratio, it is crucial for organizations to continually assess their impact in the community to ensure long-term sustainability and effectiveness.
Stakeholders and potential donors might consider these ratings as a part of their decision-making process. Engaging with the organization directly could provide further insights into its operational practices and overall mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lemhi County Economic Development Association Inc legitimate?
Lemhi County Economic Development Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lemhi County Economic Development Association 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:
Executive Compensation: $229,267
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lemhi County Economic Development Association Inc?
The Lemhi County Economic Development Association Inc's mission is centered around promoting economic development, aiming to foster the establishment of new businesses and the expansion of existing ones. This initiative is designed to enhance the well-being and quality of life for the local residents. The organization accomplishes this by conducting research, providing guidance, and implementing programs that support economic growth. The Association's activities extend beyond just business development, as it also focuses on community development, particularly in areas such as infrastructure improvement, including transportation, broadband, and tourism. Furthermore, the Association facilitates and coordinates the efforts of area non-profit organizations to contribute to overall economic growth.
Who is the CEO of Lemhi County Economic Development Association Inc?
Tammy L Stringham is the Exec Director of Lemhi County Economic Development Association Inc.
What is the revenue of Lemhi County Economic Development Association Inc?
Lemhi County Economic Development Association Inc's revenue in 2022 was $549,157.
Who are the executives of Lemhi County Economic Development Association Inc and what are their salaries?
The average compensation at Lemhi County Economic Development Association Inc during 2022 was $22,927. There are 10 employees at Lemhi County Economic Development Association Inc.
Here are 6 key members and their salaries:
- Compensation: $46,401
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lemhi County Economic Development Association Inc?
Lemhi County Economic Development Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lemhi County Economic Development Association Inc
The Lemhi County Economic Development Association Inc is committed to fostering economic growth in the community. Their mission involves supporting the establishment of new businesses, as well as retaining and expanding existing ones. This effort is aimed at enhancing the well-being and improving the quality of life for local residents. To achieve this, the association provides research, guidance, and various programs designed to stimulate economic growth.
In addition to their focus on business development, the Lemhi County Economic Development Association Inc also engages in community development projects. This includes improving infrastructure, such as transportation, broadband, and tourism, which are all essential factors in attracting businesses and promoting economic growth. Furthermore, the association facilitates and coordinates the activities of local non-profit organizations, playing a crucial role in the overall development of the community.
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Impact
July, 2024
Lemhi County Economic Development Association Inc's impact is primarily focused on fostering economic development to enhance the well-being and quality of life for area residents. By supporting the growth and sustainability of businesses in the region, the organization contributes to job creation, economic stability, and overall prosperity. Additionally, their efforts in community development, such as infrastructure improvements in areas like transportation, broadband, and tourism, further contribute to the economic vitality of the region. Through research, guidance, and programs for economic growth, Lemhi County Economic Development Association Inc plays a crucial role in facilitating a thriving local economy and creating a more vibrant community for residents.
This information is meant to be a general summary of Lemhi County Economic Development Association 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 2022.
- Program Service Revenue: $227,671
- Gross Receipts: $549,157
Assets and Liabilities:
- Total Assets: $475,959
- Total Liabilities: $21,300
- Net Assets: $454,659
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUSINESS SERVICES
Revenue
$227,671
Organization Details
Founding Year
1979
Principal Officer
Tammy L Stringham
Main Address
303 MONROE, SALMON, ID, 83467
NTEE Category
Code: S32 - Community improvement
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