Overview
What is Atlantic County Economic Alliance Inc?
Atlantic County Economic Alliance Inc is a nonprofit organization situated in Egg Harbor Township, New Jersey. With a team of seven dedicated individuals, their primary mission is to foster and diversify the local economy, ultimately aiming to enhance the overall quality of life for residents. They achieve this objective through various programs and initiatives, primarily focusing on business retention, attraction, and growth. The organization's employees, funded via salary allocations, deliver these services to ensure the stability and prosperity of businesses in Atlantic County.
Official website here: www.aceanj.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
The Atlantic County Economic Alliance Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. This score is primarily derived from the organization’s strong performance in the Accountability & Finance category, where it scored 75%. The rating reflects that the organization has met significant benchmarks in governance and transparency, notably maintaining a board composed entirely of independent members.
Strengths of the Atlantic County Economic Alliance include its high scores for independent board composition and program expense ratio, indicating effective oversight and a commitment to utilizing the majority of its resources for programmatic purposes. The organization has a well-documented audit and oversight committee, and it has no recorded instances of material diversion of assets, which adds to its credibility and trustworthiness.
However, there are some limitations noted in the evaluation. The charity lacks a whistleblower policy and document retention and destruction policy, which are important governance measures. Additionally, the liabilities to assets ratio of 67.95% suggests that the organization has a relatively high level of liabilities compared to its assets, which may raise concerns about financial stability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Atlantic County Economic Alliance Inc legitimate?
Atlantic County Economic Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Atlantic County Economic Alliance 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: $328,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $353,431
For more financial information, click here
Official website here: www.aceanj.com
What is the mission statement of Atlantic County Economic Alliance Inc?
The Atlantic County Economic Alliance Inc's mission is centered around sustaining and diversifying the economy. This objective is aimed at enhancing the overall quality of life for all residents. The organization achieves this mission by utilizing funds to develop various programs and initiatives. These initiatives focus on retaining existing businesses, attracting new ones, and fostering business growth. The Alliance executes these services through its employees, who are funded via the salary line. The organization's primary programs include business retention, attraction, and growth, all of which contribute to the development and stability of the economy in Atlantic County.
Official website here: www.aceanj.com
Who is the CEO of Atlantic County Economic Alliance Inc?
Lauren H Moore is the President of Atlantic County Economic Alliance Inc.
Official website here: www.aceanj.com
What is the revenue of Atlantic County Economic Alliance Inc?
Atlantic County Economic Alliance Inc's revenue in 2022 was $1,587,816.
Official website here: www.aceanj.com
Who are the executives of Atlantic County Economic Alliance Inc and what are their salaries?
The average compensation at Atlantic County Economic Alliance Inc during 2022 was $97,447. There are 7 employees at Atlantic County Economic Alliance Inc.
Here are 22 key members and their salaries:
- Compensation: $201,332
- Related: $0
- Other: $0
- Compensation: $157,719
- Related: $0
- Other: $0
- Compensation: $127,368
- Related: $0
- Other: $0
- Compensation: $116,754
- 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
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aceanj.com
Where can I find the form 990 for Atlantic County Economic Alliance Inc?
Atlantic County Economic Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aceanj.com
Learn more at the official website: www.aceanj.com
Mission Statement of Atlantic County Economic Alliance Inc
Atlantic County Economic Alliance Inc, a nonprofit organization, is committed to sustaining and diversifying the local economy to enhance the overall quality of life for its residents. This mission is achieved through various programs and initiatives, primarily focusing on business retention, attraction, and growth. The Alliance utilizes its resources, including funding and personnel, to execute these services, thereby contributing to the development and stability of the economy in Atlantic County. The organization's primary goal is to foster a thriving and resilient economy that ensures a high standard of living for all its residents.
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
The impact of Atlantic County Economic Alliance Inc is evident in its efforts to sustain and diversify the economy in Atlantic County, ultimately aiming to provide a high quality of life for all residents. Through its various programs and initiatives focused on business retention, attraction, and growth, the organization plays a crucial role in the development and stability of the local economy. By utilizing its funds to support these initiatives and employing dedicated staff members, the Alliance actively works towards enhancing the economic landscape of the region.
This information is meant to be a general summary of Atlantic County Economic Alliance 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.
- Investment Income: $2,329
- Gross Receipts: $1,587,816
Assets and Liabilities:
- Total Assets: $4,040,807
- Total Liabilities: $2,746,179
- Net Assets: $1,294,628
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Phone
(609) 245-0019Principal Officer
Lauren H Moore
Main Address
600 AVIATION RESEARCH BOULEVARD 120, EGG HARBOR TOWNSHIP, NJ, 08234
Website
www.aceanj.comNTEE Category
Code: S30 - Community improvement
If you are a representative of Atlantic County Economic Alliance Inc 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.