Overview
What is Clearwater Economic Development Assoc?
Clearwater Economic Development Assoc, established as a non-profit organization, serves as a bridge between North Central Idaho businesses and communities. Their primary role is to channel necessary resources to enhance local development, acting as a conduit for these much-needed assets. With a collective voice for the region, Clearwater Economic Development Association (CEDA) leads and guides in community development, fostering economic diversity, and ultimately, creating prosperity. During the fiscal year, CEDA administered $84,523 in state and government grants and contracts to regional agencies, furthering their economic goals. Additionally, they granted 8 new loans worth $952,487 to small businesses, aiding in job creation and diversification. CEDA's Small Business Program managed 41 outstanding loans with a total value of $3.2 million at the end of the fiscal year. Overall, CEDA's mission is to empower North Central Idaho businesses and communities, fostering growth and prosperity.
Official website here: www.clearwater-eda.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Clearwater Economic Development Association has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a score of 96%, the organization demonstrates exceptional transparency and effective management of its resources. This high rating is primarily derived from their perfect scores in various accountability indicators, showcasing their adherence to best practices in governance.
One of the key strengths noted is the organization's independent board structure, comprising 100% independent members, which enhances decision-making integrity. Furthermore, the financial health of the organization is evident from its solid program expense ratio of 83.65%, indicating that a significant portion of their resources is directed towards their mission rather than administrative costs.
Overall, the Clearwater Economic Development Association has established a robust framework for financial accountability and ethical governance. The absence of material diversions of assets and the presence of comprehensive policies further affirm their commitment to responsible stewardship. No significant limitations were identified in the data, making this organization a trustworthy choice for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Clearwater Economic Development Assoc legitimate?
Clearwater Economic Development Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clearwater Economic Development Assoc 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: $87,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $379,687
For more financial information, click here
Official website here: www.clearwater-eda.org
What is the mission statement of Clearwater Economic Development Assoc?
The Clearwater Economic Development Association (CEDA) is a non-profit organization with a mission to assist businesses and communities in North Central Idaho. Acting as a conduit for necessary resources, CEDA serves as the collective voice for the region, providing leadership and guidance in developing communities, diversifying the economy, and fostering prosperity. CEDA's activities involve offering community planning and development services, distributing state and government grants and contracts to regional agencies with similar economic purposes, and granting loans to small businesses to promote diversification and alleviate unemployment. The association's small business program also manages outstanding loans to support local businesses.
Official website here: www.clearwater-eda.org
Who is the CEO of Clearwater Economic Development Assoc?
Unavailable
Official website here: www.clearwater-eda.org
What is the revenue of Clearwater Economic Development Assoc?
Clearwater Economic Development Assoc's revenue in 2022 was $2,648,278.
Official website here: www.clearwater-eda.org
Who are the executives of Clearwater Economic Development Assoc and what are their salaries?
The average compensation at Clearwater Economic Development Assoc during 2022 was $11,680. There are 40 employees at Clearwater Economic Development Assoc.
Here are 3 key members and their salaries:
- Compensation: $83,353
- Related: $0
- Other: $4,168
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.clearwater-eda.org
Where can I find the form 990 for Clearwater Economic Development Assoc?
Clearwater Economic Development Assoc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clearwater-eda.org
Learn more at the official website: www.clearwater-eda.org
Mission Statement of Clearwater Economic Development Assoc
Clearwater Economic Development Association (CEDA) is a non-profit organization established with a mission to aid businesses and communities in North Central Idaho. Serving as the collective voice for the region, CEDA provides leadership and guidance in developing communities, diversifying the economy, and fostering prosperity. The organization's role is to act as a conduit for needed resources, working towards the betterment of North Central Idaho businesses and communities. By offering guidance and leadership, CEDA aims to shape the region's future and improve its economic outlook.
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Impact
July, 2024
Clearwater Economic Development Assoc's impact includes providing leadership and guidance in developing communities, diversifying the economy, and creating prosperity in North Central Idaho. They have facilitated community planning and development services for numerous organizational members and have distributed grants and contracts to agencies in the region for economic development purposes. Additionally, they have granted loans to small businesses in order to promote diversification and alleviate unemployment in the region. Overall, CEDA plays a crucial role in supporting businesses and communities to thrive and prosper in North Central Idaho.
This information is meant to be a general summary of Clearwater Economic Development Assoc. 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: $1,159,172
- Program Service Revenue: $365,045
- Gross Receipts: $3,489,803
Assets and Liabilities:
- Total Assets: $7,859,302
- Total Liabilities: $1,737,702
- Net Assets: $6,121,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME - CGMT BLDG
Revenue
$17,712
LEASE INCOME - LC FIRE
Revenue
$41,264
LEASE INCOME - RCGB BLDG
Revenue
$122,765
LOAN FEES AND INTEREST
Revenue
$183,304
Organization Details
Founding Year
1967
Phone
(208) 746-0015Main Address
1626 6TH AVENUE N, LEWISTON, ID, 83501
Website
www.clearwater-eda.orgNTEE Category
Code: S30 - Community improvement
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