Overview
What is Elk Valley Public Improvement Corporation?
Elk Valley Public Improvement Corporation is a small, nonprofit organization situated in Highlands Ranch, Colorado. Its primary role is to manage public improvements constructed within the organization. With a focus on municipal enhancements in Lakewood, Colorado, the corporation provides planning, construction, and management services. Notably, these services are facilitated through tax-exempt financing, which initially funded the construction of these municipal improvements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero Stars (49%)
The Elk Valley Public Improvement Corporation has received a low rating of 49%, resulting in a Zero-Star out of Four Stars designation. This rating highlights significant concerns primarily in the Accountability & Finance category, which accounts for the entire score. While the organization boasts a fully independent board, it has serious shortcomings, particularly in financial transparency and reporting.
One strength noted is the high percentage of program expenses, which stands at 74.65%, indicating that a substantial portion of the organization's funds are directed toward its mission-related activities. However, the lack of financial statements and other key governance policies severely impacted its score. The absence of a conflict of interest policy and a whistleblower policy raises questions about the organization's commitment to best practices in governance.
Overall, while the Elk Valley Public Improvement Corporation demonstrates some positive aspects, particularly in its program spending, significant deficiencies in transparency and governance policies contribute to its low rating. These issues may hinder donor confidence and require urgent attention to improve accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Elk Valley Public Improvement Corporation legitimate?
Elk Valley Public Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elk Valley Public Improvement Corporation 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: $379,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Elk Valley Public Improvement Corporation?
The Elk Valley Public Improvement Corporation is dedicated to providing planning, construction, and management services for municipal improvements. These projects were initially funded through tax-exempt financing. The organization's mission is to oversee the development and maintenance of these public facilities, ensuring they serve their intended purpose effectively. By offering these services, the corporation contributes to the betterment of various public spaces, contributing to the overall community's improvement.
Who is the CEO of Elk Valley Public Improvement Corporation?
John M Mullins is the Director of Elk Valley Public Improvement Corporation.
What is the revenue of Elk Valley Public Improvement Corporation?
Elk Valley Public Improvement Corporation's revenue in 2022 was $1,319,833.
Who are the executives of Elk Valley Public Improvement Corporation and what are their salaries?
The average compensation at Elk Valley Public Improvement Corporation during 2022 was $379,000. There is 1 employee at Elk Valley Public Improvement Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $464,000
- Other: $0
- Compensation: $205,000
- Related: $0
- Other: $0
- Compensation: $174,000
- Related: $0
- Other: $0
Where can I find the form 990 for Elk Valley Public Improvement Corporation?
Elk Valley Public Improvement Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Elk Valley Public Improvement Corporation
Elk Valley Public Improvement Corporation is an organization dedicated to providing planning, construction, and management services for municipal improvements. The unique aspect of this nonprofit lies in its funding source: the improvements it oversees were initially constructed using the proceeds from tax-exempt financing. In essence, Elk Valley Public Improvement Corporation plays a crucial role in ensuring the proper maintenance and management of these municipal projects, ensuring they continue to serve their intended purpose effectively.
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Impact
July, 2024
Elk Valley Public Improvement Corporation's impact lies in its provision of planning, construction, and management services for municipal improvements in Lakewood, CO. These services are vital for enhancing the infrastructure and community spaces within the city, ultimately benefiting the residents and local businesses. By utilizing tax-exempt financing, the organization has been able to fund and oversee projects that contribute to the overall development and quality of life in Lakewood. Through its efforts, Elk Valley Public Improvement Corporation plays a key role in driving community improvement and fostering a more vibrant environment for those who call Lakewood home.
This information is meant to be a general summary of Elk Valley Public Improvement Corporation. 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
- Program Service Revenue: $1,319,832
- Gross Receipts: $1,319,833
Assets and Liabilities:
- Total Assets: $342,817
- Total Liabilities: $1,141,514
- Net Assets: -$798,697
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXCESS PIF REVENUE
Revenue
$1,280,636
SUPPORT-CITY OF LAKEWOOD
Revenue
$39,196
Organization Details
Founding Year
2001
Phone
(303) 271-1391Principal Officer
John M Mullins
Main Address
1988 ROSS LANE, HIGHLANDS RANCH, CO, 80126
NTEE Category
Code: S99 - Community improvement
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