Overview
What is Thurston Economic Development Council Center For Business & Innovation?
Thurston Economic Development Council Center for Business & Innovation, located at 4220 6th Avenue SE, Lacey, WA 98503, is a nonprofit organization dedicated to fostering entrepreneurial growth in Thurston County. Their mission encompasses supporting businesses at various stages of their lifecycle, from planning and launching to growth, turnaround, and exit planning. The organization offers resources and services through their entrepreneurial network, providing a platform for business development. Additionally, they run Lacey Makerspace, a program that grants community access to advanced fabrication tools and training, nurturing innovation and creativity in the South Sound region of Washington. With a team of 16 dedicated individuals, they strive to bolster local businesses and contribute to the economic development of the area.
Official website here: www.thurstonedc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Thurston Economic Development Council Center For Business & Innovation has received a solid score of 81%, indicating a commendable level of accountability and finance management. The rating is based entirely on its performance in the Accountability & Finance category, which reflects a strong commitment to transparency and efficiency in financial practices. This score is especially notable given that the organization has a majority of independent board members, all of whom demonstrate a high level of engagement in governance.
The organization excels in various financial metrics, with a program expense ratio of 85.07%, meaning that a significant portion of its funds is directed towards its programming rather than administrative costs. Furthermore, it has received full scores in categories related to audit oversight, conflict of interest policies, and document retention. These practices suggest that the organization is well-structured and adheres to best practices in nonprofit governance.
However, while the organization demonstrates impressive accountability, potential donors and stakeholders might consider exploring additional qualitative feedback or impact assessments to gain a fuller understanding of its operational effectiveness and community outcomes. Overall, the Thurston Economic Development Council Center For Business & Innovation appears to be a reliable nonprofit focused on fostering economic growth and innovation.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Thurston Economic Development Council Center For Business & Innovation?
100% of 27 reviewers on Facebook recommend the Thurston Economic Development Council Center For Business & Innovation. Here is a summary of their reviews:
The overwhelming sentiment from users highlights a strong appreciation for the center's role in empowering local businesses and fostering economic growth. Reviewers commend the organization for its dedication to supporting entrepreneurs and providing valuable resources tailored to the needs of the community.
Many contributors express satisfaction with the assistance they receive, noting the effective programs and support offered. Users feel that the center genuinely delivers on its mission to enhance the economic landscape, leading to positive outcomes for businesses they assist. Overall, the community recognizes and endorses the impactful work of this nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Thurston Economic Development Council Center For Business & Innovation legitimate?
Thurston Economic Development Council Center For Business & Innovation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thurston Economic Development Council Center For Business & Innovation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $734,179
For more financial information, click here
Official website here: www.thurstonedc.com
What is the mission statement of Thurston Economic Development Council Center For Business & Innovation?
The Thurston Economic Development Council Center for Business & Innovation's mission is centered around fostering an entrepreneurial network in Thurston County. Their primary goal is to support businesses throughout their life cycle, from planning and launching, to growth, turnaround, and even exit planning. They achieve this mission by providing various services that cater to these different stages. The center's activities are not limited to just one aspect of business development; they are comprehensive and holistic in their approach. The Lacey Makerspace, a program under their umbrella, is an example of their commitment to community access to high-tech fabrication tools and training, promoting innovation and creativity in the region.
Official website here: www.thurstonedc.com
Who is the CEO of Thurston Economic Development Council Center For Business & Innovation?
Michael Cade is the Executive Director of Thurston Economic Development Council Center For Business & Innovation.
Official website here: www.thurstonedc.com
What is the revenue of Thurston Economic Development Council Center For Business & Innovation?
Thurston Economic Development Council Center For Business & Innovation's revenue in 2022 was $1,866,030.
Official website here: www.thurstonedc.com
Who are the executives of Thurston Economic Development Council Center For Business & Innovation and what are their salaries?
The average compensation at Thurston Economic Development Council Center For Business & Innovation during 2022 was $45,886. There are 16 employees and 12 volunteers at Thurston Economic Development Council Center For Business & Innovation.
Here are 13 key members and their salaries:
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Official website here: www.thurstonedc.com
Where can I find the form 990 for Thurston Economic Development Council Center For Business & Innovation?
Thurston Economic Development Council Center For Business & Innovation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thurstonedc.com
Learn more at the official website: www.thurstonedc.com
Mission Statement of Thurston Economic Development Council Center For Business & Innovation
The Thurston Economic Development Council Center for Business & Innovation is committed to nurturing the entrepreneurial ecosystem in Thurston County. Their mission encompasses providing services that foster the development of this network, supporting businesses throughout their entire life cycle, from planning and launching, to growth, turnaround, and exit planning. This nonprofit organization actively works towards strengthening the business community in the region, promoting innovation and creativity.
A notable initiative undertaken by the Thurston Economic Development Council Center for Business & Innovation is the Lacey Makerspace program. This program grants community access to advanced fabrication tools and training, encouraging innovation and creativity within the South Sound region of Washington. By fostering such an environment, this nonprofit organization is not only supporting existing businesses but also paving the way for the emergence of new ventures.
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Impact
July, 2024
The Thurston Economic Development Council Center for Business & Innovation has a significant impact on Thurston County by developing the entrepreneurial network and supporting businesses throughout their lifecycle. One notable initiative is the Lacey Makerspace program, which provides community access to high-tech fabrication tools and training, fostering innovation and creativity in the South Sound region of Washington.
This information is meant to be a general summary of Thurston Economic Development Council Center For Business & Innovation. 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: $136
- Program Service Revenue: $38,380
- Gross Receipts: $1,871,651
Assets and Liabilities:
- Total Assets: $630,642
- Total Liabilities: $445,009
- Net Assets: $185,633
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LMS EVENT REVENUE
Revenue
$38,380
Organization Details
Founding Year
1992
Phone
(360) 464-6037Principal Officer
Michael Cade
Main Address
4220 6TH AVE SE, LACEY, WA, 98503
Website
www.thurstonedc.comNTEE Category
Code: Z99Z - Unknown
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