Overview
What is Arizona Regional Economic Development Foundation?
The Arizona Regional Economic Development Foundation, located at 750 E Bartow DR STE 16, Sierra Vista, AZ 85635, is a nonprofit organization dedicated to boosting the regional economy. They accomplish this mission by focusing on industry recruitment, expansion, and development. They achieve this through various means, including offering consulting services, promoting special events, and leasing commercial facilities. One of their significant initiatives involves leasing buildings for economic development projects, which has led to the creation of over 800 jobs in Sierra Vista. The organization employs a team of 4 individuals to carry out these activities.
Official website here: www.aredf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Arizona Regional Economic Development Foundation has received an 81% rating, which translates to a Three-Star designation. This score reflects a strong performance in the Accountability & Finance category, indicating that the organization is generally well-managed in its financial practices. The rating is particularly impressive given that it is based entirely on a single beacon score, showcasing a high level of accountability.
Strengths of the organization include a fully independent board, with all eight members meeting the criteria, and a high proportion of program expenses directed toward their mission at 86.01%. Additionally, the foundation has robust governance practices in place, with documented policies around conflict of interest, whistleblower protections, and document retention. The organization's liabilities are also maintained at a low level, indicating sound financial health.
While the overall rating is commendable, the reliance on a single beacon score may limit the depth of insight into other operational aspects. Nevertheless, the strong scores in accountability and finance suggest a commitment to transparency and responsible management, which are vital for donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Arizona Regional Economic Development Foundation legitimate?
Arizona Regional Economic Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arizona Regional Economic Development Foundation 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: $118,310
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,538
For more financial information, click here
Official website here: www.aredf.org
What is the mission statement of Arizona Regional Economic Development Foundation?
The Arizona Regional Economic Development Foundation's mission is centered around preserving and enhancing the regional economy. This is achieved through focused initiatives on attracting, expanding, and developing industries. The foundation accomplishes this mission by offering consulting services, promoting special events, and leasing commercial facilities. Their efforts have led to the creation of over 800 jobs in various sectors.
Official website here: www.aredf.org
Who is the CEO of Arizona Regional Economic Development Foundation?
Mignonne Hollis is the Executive Director of Arizona Regional Economic Development Foundation.
Official website here: www.aredf.org
What is the revenue of Arizona Regional Economic Development Foundation?
Arizona Regional Economic Development Foundation's revenue in 2022 was $808,902.
Official website here: www.aredf.org
Who are the executives of Arizona Regional Economic Development Foundation and what are their salaries?
The average compensation at Arizona Regional Economic Development Foundation during 2022 was $46,212. There are 4 employees at Arizona Regional Economic Development Foundation.
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Official website here: www.aredf.org
Where can I find the form 990 for Arizona Regional Economic Development Foundation?
Arizona Regional Economic Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aredf.org
Learn more at the official website: www.aredf.org
Mission Statement of Arizona Regional Economic Development Foundation
The Arizona Regional Economic Development Foundation is dedicated to preserving and enhancing the regional economy. This nonprofit achieves its mission by focusing on initiatives aimed at recruiting, expanding, and developing industries. This is accomplished through the provision of consulting services, promoting special events, and leasing of commercial facilities. By undertaking these activities, the foundation contributes to the creation of employment opportunities. Notably, its efforts have resulted in the generation of over 800 jobs in Sierra Vista.
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Impact
July, 2024
The Arizona Regional Economic Development Foundation has had a significant impact on the regional economy, particularly in Sierra Vista, AZ. Through initiatives focused on industry recruitment, expansion, and development, the foundation has played a crucial role in creating over 800 jobs in Sierra Vista. By providing consulting services, promoting special events, and leasing commercial facilities, the foundation has successfully preserved and strengthened the local economy. Overall, their efforts have contributed to community improvement and economic growth in the region.
This information is meant to be a general summary of Arizona Regional Economic Development Foundation. 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: $117,396
- Program Service Revenue: $687,764
- Gross Receipts: $1,985,949
Assets and Liabilities:
- Total Assets: $6,683,944
- Total Liabilities: $1,194,306
- Net Assets: $5,489,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Commercial Bldg Leases
Revenue
$548,474
Bartow Complex Rural Ca
Revenue
$35,848
Innovation Center
Revenue
$31,114
Tenant Printing & Other
Revenue
$565
Public Relation Serv
Revenue
$71,763
Organization Details
Founding Year
1985
Principal Officer
Mignonne Hollis
Main Address
750 E BARTOW DR STE 16, Sierra Vista, AZ, 856351833
Website
www.aredf.orgNTEE Category
Code: S31Z - Community improvement
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