Overview
What is Partnership For Economic Development Inc?
Partnership For Economic Development Inc, situated in Lake Havasu City, Arizona, is a small nonprofit organization with a mission to stimulate economic growth within the city. Their primary objective is to educate the public and actively promote economic development. With a team of three dedicated individuals, they work tirelessly to expose the city to potential new businesses, aiming to enhance its overall economic conditions. The specific activities and initiatives of this organization remain undisclosed in the provided information.
Official website here: www.lakehavasu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Partnership For Economic Development Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization scored an impressive 96% overall, indicating a well-managed nonprofit that effectively utilizes its resources. This score is solely based on its Accountability & Finance metrics, showcasing the charity's commitment to transparency and responsible financial practices.
The nonprofit benefits from an entirely independent board, with all members contributing to effective governance. Key indicators such as the financial statements, conflict of interest policy, and whistleblower policy are all well-documented, enhancing trust among stakeholders. Additionally, the organization maintains a low liabilities to assets ratio, which suggests a stable financial footing.
While the rating highlights many strengths, it does not provide insights into the charity's programmatic effectiveness or impact beyond financial metrics. Overall, the high accountability score suggests that Partnership For Economic Development Inc is a reliable choice for donors looking to support an organization with strong financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Partnership For Economic Development Inc legitimate?
Partnership For Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partnership For Economic Development Inc 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: $141,573
Professional Fundraising Fees: $0
Other Salaries and Wages: $135,659
For more financial information, click here
Official website here: www.lakehavasu.org
What is the mission statement of Partnership For Economic Development Inc?
The Partnership For Economic Development Inc's mission is centered around educating the public and fostering economic development. In essence, the organization strives to increase public awareness and advocate for policies that enhance economic growth. By introducing the city to new business opportunities, the Partnership aims to improve the economic conditions of the city, ultimately contributing to its overall prosperity.
Official website here: www.lakehavasu.org
Who is the CEO of Partnership For Economic Development Inc?
James Gray is the CEO of Partnership For Economic Development Inc The CEO's salary of Partnership For Economic Development Inc is $141,573 and their total compensation is $141,573.
Official website here: www.lakehavasu.org
What is the revenue of Partnership For Economic Development Inc?
Partnership For Economic Development Inc's revenue in 2024 was $7,213,008.
Official website here: www.lakehavasu.org
Who are the executives of Partnership For Economic Development Inc and what are their salaries?
The average compensation at Partnership For Economic Development Inc during 2024 was $92,411. There are 3 employees at Partnership For Economic Development Inc.
Here are 13 key members and their salaries (Partnership For Economic Development Inc's CEO's salary is $141,573 and their total compensation is $141,573):
- Compensation: $141,573
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- Other: $0
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- Other: $0
Official website here: www.lakehavasu.org
Where can I find the form 990 for Partnership For Economic Development Inc?
Partnership For Economic Development Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lakehavasu.org
Learn more at the official website: www.lakehavasu.org
Mission Statement of Partnership For Economic Development Inc
The Partnership For Economic Development Inc is committed to enlightening the public and fostering economic growth. Their primary mission is twofold: educating the public and promoting economic development. This organization strives to introduce the city to new businesses, aiming to enhance the economic conditions of the city as a whole. By initiating city exposure to new business ventures, Partnership For Economic Development Inc plays a crucial role in driving economic growth and development.
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Impact
July, 2024
Partnership For Economic Development Inc's impact lies in educating the public and promoting economic development in Lake Havasu City, Arizona. By initiating city exposure to new businesses, the organization aims to improve the economic conditions of the city. This focus on increasing business activity and encouraging economic growth contributes to community improvement in Lake Havasu City.
This information is meant to be a general summary of Partnership For Economic Development Inc. 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 2024.
- Investment Income: $57,586
- Program Service Revenue: $658,698
- Gross Receipts: $7,213,008
Assets and Liabilities:
- Total Assets: $4,501,781
- Total Liabilities: $24,465
- Net Assets: $4,477,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CO-WORK FACILITY REVENUE
Revenue
$119,592
FIRST FRIDAY REVENUE
Revenue
$36,856
LAKE HAVASU CITY CONTRACT
Revenue
$500,000
Membership Dues & Assessments
Revenue
$2,250
Organization Details
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