Overview
What is Mesilla Valley Economic Development Alliance?
The Mesilla Valley Economic Development Alliance (MVEDA) is a nonprofit organization located in Las Cruces, New Mexico, dedicated to fostering economic growth and development in the region. Their primary focus is on promoting economic development, as stated in their mission statement. While the provided information does not elaborate on the specific activities or initiatives undertaken by MVEDA, it is safe to assume that they engage in various projects and strategies aimed at stimulating local economic growth, potentially including business development, job creation, and infrastructure improvements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
The Mesilla Valley Economic Development Alliance has received an 82% rating, reflecting a solid commitment to accountability and financial management. The score is based entirely on its Accountability & Finance performance, which demonstrates a strong framework for overseeing the organization's financial health.
One of the organization's strengths is its governance structure, with a fully independent board consisting of 24 members. Additionally, the Alliance has received top marks for its financial statements and has effectively mitigated any risks related to asset diversion. Its low liabilities to assets ratio indicates prudent financial management.
Despite these strengths, the rating highlights that the overall score is derived solely from the Accountability & Finance beacon, which may suggest limited insights into other operational aspects such as program effectiveness or community impact. However, the high program expense ratio of nearly 78% signifies that a significant portion of its funds is directed toward its programs, indicating a focus on fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mesilla Valley Economic Development Alliance legitimate?
Mesilla Valley Economic Development Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mesilla Valley Economic Development Alliance 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: $191,534
Professional Fundraising Fees: $0
Other Salaries and Wages: $305,421
For more financial information, click here
What is the mission statement of Mesilla Valley Economic Development Alliance?
The Mesilla Valley Economic Development Alliance, being an economic development organization, is committed to its primary mission: fostering economic growth. Located in New Mexico, this alliance operates with the goal of promoting economic development. It strives to create a conducive environment for businesses and industries to thrive, ultimately contributing to the overall economic prosperity. The organization does not specify any specific objectives or strategies in the provided information, but its mission is clear – to drive economic development.
Who is the CEO of Mesilla Valley Economic Development Alliance?
Jacob Slavec is the Treasurer of Mesilla Valley Economic Development Alliance. The CEO's salary of Mesilla Valley Economic Development Alliance is $169,789 and their total compensation is $181,131.
What is the revenue of Mesilla Valley Economic Development Alliance?
Mesilla Valley Economic Development Alliance's revenue in 2022 was $1,012,751.
Who are the executives of Mesilla Valley Economic Development Alliance and what are their salaries?
The average compensation at Mesilla Valley Economic Development Alliance during 2022 was $82,826. There are 6 employees and 12 volunteers at Mesilla Valley Economic Development Alliance.
Here are 23 key members and their salaries (Mesilla Valley Economic Development Alliance's CEO's salary is $169,789 and their total compensation is $181,131):
- Compensation: $169,789
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- Other: $11,342
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Where can I find the form 990 for Mesilla Valley Economic Development Alliance?
Mesilla Valley Economic Development Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mesilla Valley Economic Development Alliance
The Mesilla Valley Economic Development Alliance, abbreviated as MVEDA, is an economic development organization with a clear-cut mission. Located in Las Cruces, New Mexico, MVEDA's primary purpose is to foster economic growth and development. This mission is a proactive approach to strengthening the local economy, ensuring that businesses thrive and the community prosper. By focusing on economic development, MVEDA plays a crucial role in attracting new businesses, promoting existing ones, and creating employment opportunities. This nonprofit organization's dedication to economic development is a significant contribution to the overall well-being of the community it serves.
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Impact
July, 2024
Mesilla Valley Economic Development Alliance has a significant impact on the economic growth and prosperity of Las Cruces, NM. Through its dedicated efforts in economic development, MVEDA plays a vital role in creating job opportunities, attracting businesses, and fostering a thriving business environment in the region. This ultimately leads to improved living standards, increased investments, and overall community improvement in Las Cruces.
This information is meant to be a general summary of Mesilla Valley Economic Development Alliance. 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: $125
- Program Service Revenue: $15,376
- Gross Receipts: $1,012,751
Assets and Liabilities:
- Total Assets: $623,753
- Total Liabilities: $97,336
- Net Assets: $526,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$15,376
Organization Details
Phone
(575) 525-2852Principal Officer
Jacob Slavec
Main Address
277 E AMADOR 304, LAS CRUCES, NM, 88004
NTEE Category
Code: S30Z - Community improvement
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