Overview
What is San Luis Valley Development Resources Group?
The San Luis Valley Development Resources Group, situated in Alamosa, Colorado, is a nonprofit organization dedicated to economic development planning for local governments and agencies. They contribute to various short-term projects, such as aiding the Colorado Department of Transportation (CDOT) in transportation planning, mapping tourist attractions in the San Luis Valley, creating a multi-county tourism-based itinerary and website, and establishing a food warehouse to benefit the Food Bank Network of the San Luis Valley. Additionally, they provide assistance to Mineral County businesses impacted by wildfires. Their activities also involve administering a revolving loan fund, aiming to foster economic growth in the region. With a team of seven employees, the group strives to improve the local economy and community development.
Official website here: www.slvdrg.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 88% (Three-Star out of Four Stars)
The San Luis Valley Development Resources Group has earned an 88% score, reflecting strong accountability and finance practices. The organization has a fully independent board, scoring top marks in several categories such as financial statement oversight and material diversion of assets, indicating a commitment to transparency and responsible management of funds.
Despite its strengths, there are notable areas for improvement. The organization lacks a whistleblower policy, a document retention and destruction policy, and its tax form is not posted on its website. These omissions could affect the organization's overall accountability and transparency, which are crucial in fostering trust among donors and stakeholders.
Overall, while the San Luis Valley Development Resources Group demonstrates solid financial performance and governance, addressing the identified shortcomings could enhance its ratings and public perception further.
This AI summary has been generated from information found on Charity Navigator.
Is San Luis Valley Development Resources Group legitimate?
San Luis Valley Development Resources Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Luis Valley Development Resources Group 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: $199,787
Professional Fundraising Fees: $0
Other Salaries and Wages: $263,856
For more financial information, click here
Official website here: www.slvdrg.org
What is the mission statement of San Luis Valley Development Resources Group?
The San Luis Valley Development Resources Group is dedicated to facilitating economic development planning for local governments and agencies. One of their key responsibilities includes administering a revolving loan fund. In addition to this, they engage in various short-term projects aimed at supporting local development. These projects may include assisting in transportation planning, mapping tourist attractions, creating a multi-county tourism-based itinerary and website, establishing a food warehouse for the food bank network, and aiding businesses impacted by wildfires in Mineral County. The activities of this group vary annually.
Official website here: www.slvdrg.org
Who is the CEO of San Luis Valley Development Resources Group?
Ann Jones is the Cfo of San Luis Valley Development Resources Group.
Official website here: www.slvdrg.org
What is the revenue of San Luis Valley Development Resources Group?
San Luis Valley Development Resources Group's revenue in 2022 was $4,149,975.
Official website here: www.slvdrg.org
Who are the executives of San Luis Valley Development Resources Group and what are their salaries?
The average compensation at San Luis Valley Development Resources Group during 2022 was $66,235. There are 7 employees at San Luis Valley Development Resources Group.
Here are 13 key members and their salaries:
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Official website here: www.slvdrg.org
Where can I find the form 990 for San Luis Valley Development Resources Group?
San Luis Valley Development Resources Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.slvdrg.org
Learn more at the official website: www.slvdrg.org
Mission Statement of San Luis Valley Development Resources Group
The San Luis Valley Development Resources Group is dedicated to facilitating economic development planning for local governments and agencies, as well as administering a revolving loan fund. In fulfilling its mission, this organization undertakes a range of projects to stimulate economic growth and development in the region. These projects can vary from year to year and may include assisting in transportation planning, mapping out tourist attractions, developing a multi-county tourism-based itinerary and website, establishing a food warehouse for the benefit of the local food bank network, and providing aid to businesses impacted by wildfires in Mineral County. The San Luis Valley Development Resources Group plays a crucial role in fostering economic development and growth within the local community, utilizing its expertise in planning and financial management to support various initiatives.
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Impact
July, 2024
San Luis Valley Development Resources Group's impact can be seen in the economic development planning they provide for local governments and agencies. They play a vital role in assisting CDOT with transportation planning, promoting tourism in the San Luis Valley by mapping tourist attractions, creating tourism-based itineraries and websites, and supporting local businesses impacted by natural disasters such as wildfires. Their efforts contribute to the overall growth and sustainability of the community, making a positive impact on businesses and residents alike.
This information is meant to be a general summary of San Luis Valley Development Resources Group. 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: $68,647
- Program Service Revenue: $1,747,674
- Gross Receipts: $4,218,679
Assets and Liabilities:
- Total Assets: $11,239,797
- Total Liabilities: $2,055,077
- Net Assets: $9,184,720
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES
Revenue
$219,004
INTREST ON DRG LOANS RECE
Revenue
$43,727
OTHER PROGRAM INCOME
Revenue
$41,157
RLF INTEREST/LOAN FEES
Revenue
$1,443,786
Organization Details
Founding Year
1994
Phone
(719) 589-6099Principal Officer
Ann Jones
Main Address
610 STATE AVE SUITE 200, ALAMOSA, CO, 81101
Website
www.slvdrg.orgNTEE Category
Code: S30 - Community improvement
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