Overview
What is Rural And Economic Development Asso?
Rural And Economic Development Asso is a nonprofit organization situated in Eufaula, Alabama, specifically at 1838 N Eufaula Avenue. The primary focus of this organization is to promote rural and economic development through various initiatives. One of their key projects involves constructing and operating a civic center in Alabama. To support this mission, they recently received a grant of $15,000 from the Small Business Administration (SBA). The organization's efforts aim to contribute positively to the local community by fostering economic growth and improving the overall development of the rural area.
Official website here: www.theraeda.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Rural And Economic Development Association has achieved an 83% rating from Charity Navigator, indicating a solid level of accountability and finance management. The score reflects the organization's strength in governance due to its 100% independent board members and strong financial practices, including a favorable liabilities to assets ratio of 0.00%.
The organization excels in transparency, as evidenced by its documented board meeting minutes and the availability of its tax form on its website. It also maintains a high program expense ratio of 78.78%, illustrating that a significant portion of its funds is directed toward its programs rather than administrative costs.
While the organization demonstrates strong fiscal health and governance, the rating is derived solely from the Accountability & Finance beacon, which may limit a comprehensive evaluation of its overall impact or effectiveness in program delivery. Nevertheless, the financial practices and governance structure are commendable and suggest a responsible approach to managing donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is Rural And Economic Development Asso legitimate?
Rural And Economic Development Asso is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rural And Economic Development Asso 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.theraeda.com
What is the mission statement of Rural And Economic Development Asso?
The Rural and Economic Development Association is dedicated to implementing rural development programs, with a significant focus on constructing and managing a civic center. Their mission aims to contribute to the economic growth of rural areas through these initiatives. The corporation received a grant of $15,000 from the Small Business Administration (SBA) to support their endeavors. While the specific details of the civic center's purpose or the scope of their rural development programs are not provided, it can be inferred that they are committed to improving the economic and social infrastructure of rural communities.
Official website here: www.theraeda.com
Who is the CEO of Rural And Economic Development Asso?
Kiralfy Forte is the Board Member of Rural And Economic Development Asso. The CEO's salary of Rural And Economic Development Asso is $0 and their total compensation is $0.
Official website here: www.theraeda.com
What is the revenue of Rural And Economic Development Asso?
Rural And Economic Development Asso's revenue in 2022 was $0.
Official website here: www.theraeda.com
Who are the executives of Rural And Economic Development Asso and what are their salaries?
Here are 4 key members and their salaries (Rural And Economic Development Asso's CEO's salary is $0 and their total compensation is $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.theraeda.com
Where can I find the form 990 for Rural And Economic Development Asso?
Rural And Economic Development Asso's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theraeda.com
Learn more at the official website: www.theraeda.com
Mission Statement of Rural And Economic Development Asso
Rural And Economic Development Association, also known as RAEDA, is committed to promoting rural and economic development through various initiatives. One of its primary missions involves constructing and operating a civic center in Alabama. This endeavor aims to contribute positively to the local community, potentially offering a centralized location for events, meetings, and other communal activities. The corporation's mission aligns with a broader objective of fostering growth and prosperity in rural areas, thereby improving the overall economic landscape. The grant of $15,000 from the Small Business Administration (SBA) Small Business Administration serves as a testament to the organization's potential impact and commitment to its mission.
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Impact
October, 2024
Rural And Economic Development Association significantly enhances community growth and economic stability through its various programs. One of its key initiatives includes the construction and operation of a civic center in Eufaula, Alabama, which serves as a hub for local events, education, and community engagement.
The organization received a $15,000 grant from the Small Business Administration, which underscores its commitment to fostering economic opportunities and supporting local businesses. By focusing on rural and economic development, it aims to create a vibrant community that empowers residents with educational resources and promotes collaboration among stakeholders.
Through these efforts, the association not only contributes to immediate economic improvement but also aims to lay a foundation for sustainable growth in the region, ultimately enhancing the quality of life for its residents.
This information is meant to be a general summary of Rural And Economic Development Asso. 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.
Assets and Liabilities:
- Total Assets: $1,875
- Total Liabilities: $0
- Net Assets: $1,875
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Organization Details
Founding Year
2018
Phone
(703) 370-1104Principal Officer
Kiralfy Forte
Main Address
1838 N EUFAULA AVENUE, EUFAULA, AL, 36207
Website
www.theraeda.comNTEE Category
Code: B99 - Education
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