Overview
What is Alliance 2005?
Alliance 2005, also known as the Economic Alliance, is a nonprofit organization located in OmaK, Washington. Its primary mission is to foster and manage economic development activities within Okanogan County. Last year, they offered counseling services through the Small Business Development Center, assisting over 100 active clients and resulting in 12 new business startups, preserving or creating 242 jobs. They also organized informational meetings with local organizations and served as a resource center for technology needed to help businesses expand online. Furthermore, they provide support to the Okanogan County Tourism Council and work with potential new businesses looking to relocate to the area. The Economic Alliance's executive director is actively involved in local economic development boards, and they continue to attract new industries and businesses to Okanogan County.
Official website here: www.economic-alliance.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating, Overall score: 73%
Alliance 2005 has received a two-star rating from Charity Navigator, indicating that while the organization has some strengths, there are significant areas that require improvement. The accountability and finance score stands at 73%, with a commendable program expense ratio of 81.26%, suggesting that a majority of its expenditures are directed towards its programs. Additionally, the organization boasts a fully independent board with 19 members and no material diversion of assets.
However, the nonprofit faces notable deficiencies in governance practices. It lacks necessary financial statements and important policies such as a whistleblower policy and document retention and destruction policy. Moreover, the tax form is not posted on the organization's website, which further detracts from its transparency. Addressing these limitations could enhance its overall rating and instill greater confidence among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance 2005 legitimate?
Alliance 2005 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance 2005 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: $94,379
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,952
For more financial information, click here
Official website here: www.economic-alliance.com
What is the mission statement of Alliance 2005?
Alliance 2005's mission is centered around planning, organizing, and promoting an educational program aimed at fostering economic development. This initiative is carried out in collaboration with both public and private sectors. The objective is to establish a robust local economy, encourage economic diversification, create job opportunities, retain and expand existing businesses, increase commercial activity, attract new industries, generate additional public revenues, and enhance visitor and tourist services. Ultimately, the goal is to improve the quality of life for the residents of the community.
Official website here: www.economic-alliance.com
Who is the CEO of Alliance 2005?
Kurt Danison is the Chairman of Alliance 2005.
Official website here: www.economic-alliance.com
What is the revenue of Alliance 2005?
Alliance 2005's revenue in 2022 was $540,380.
Official website here: www.economic-alliance.com
Who are the executives of Alliance 2005 and what are their salaries?
The average compensation at Alliance 2005 during 2022 was $49,583. There are 4 employees and 53 volunteers at Alliance 2005.
Here are 25 key members and their salaries:
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- Compensation: $85,000
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- Other: $9,380
Official website here: www.economic-alliance.com
Where can I find the form 990 for Alliance 2005?
Alliance 2005's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.economic-alliance.com
Learn more at the official website: www.economic-alliance.com
Mission Statement of Alliance 2005
Alliance 2005 is a nonprofit organization dedicated to planning, organizing, and promoting an educational program primarily focusing on economic development. Their mission is to collaborate with both public and private sectors to establish a comprehensive economic development program. This program aims to foster a robust local economy, diversify the economic base, create job opportunities, retain and expand existing businesses, increase commercial activity, attract new industries, generate additional public revenues, and enhance visitor and tourist services. Ultimately, the purpose of Alliance 2005 is to improve the quality of life for residents of Okanogan County.
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Impact
July, 2024
The impact of Alliance 2005 is significant in promoting economic development in Okanogan County. Through counseling services provided to over 104 clients and assistance in starting 12 new businesses, they have contributed to the creation or retention of 242 jobs in the county. Additionally, by coordinating forums and informational meetings, they educate and inform the business community, supporting the growth of local businesses. Alliance 2005 also serves as a vital resource center for small businesses, offering access to technology for online expansion and providing support for the tourism industry in the area. Furthermore, their collaboration with various organizations and involvement in economic development boards exemplifies their commitment to enhancing the quality of life for Okanogan County residents.
This information is meant to be a general summary of Alliance 2005. 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.
- Gross Receipts: $540,380
Assets and Liabilities:
- Total Assets: $266,302
- Total Liabilities: $5,915
- Net Assets: $260,387
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Organization Details
Founding Year
2000
Phone
(509) 826-5107Principal Officer
Kurt Danison
Main Address
PO BOX 626, OMAK, WA, 98841
Website
www.economic-alliance.comNTEE Category
Code: S32 - Community improvement
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