Overview
What is Greater Eastern Oregon Development Corp?
The Greater Eastern Oregon Development Corp, situated in Pendleton, Oregon, serves as a regional economic development corporation. Their primary mission is to foster job creation by aiding in the establishment, retention, and expansion of businesses within the region. They achieve this goal by offering loans, grants, and various other assistance programs to local governments. These initiatives aim to develop sustainable human and physical infrastructure, thereby promoting community, economic, and business growth. With a team of four dedicated employees, Greater Eastern Oregon Development Corp plays a crucial role in empowering the regional economy.
Official website here: www.geodc.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Stars
The Greater Eastern Oregon Development Corp has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The charity’s overall score is based entirely on its Accountability & Finance metrics, where it scored an impressive 92%. This rating indicates that the organization is responsible with its finances and adheres to high standards of transparency.
One of the significant strengths of the organization is its governance structure, featuring a fully independent board with eight members. Additionally, the charity has no material diversion of assets and maintains rigorous oversight of its financial statements, which are audited effectively. However, the absence of a whistleblower policy is a noted limitation that may impact its accountability framework.
Financially, the organization demonstrates a robust program expense ratio of 84.19%, indicating that a substantial portion of its funds is directed towards its charitable programs. With a liabilities to assets ratio of 29.44%, it appears to maintain a healthy balance sheet, further reassuring donors of its fiscal responsibility. Overall, Greater Eastern Oregon Development Corp stands out as a well-managed nonprofit, although addressing the lack of a whistleblower policy could enhance its governance further.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Eastern Oregon Development Corp legitimate?
Greater Eastern Oregon Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Eastern Oregon Development Corp 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: $206,433
For more financial information, click here
Official website here: www.geodc.net
What is the mission statement of Greater Eastern Oregon Development Corp?
The Greater Eastern Oregon Development Corporation serves as a regional economic development organization, committed to supporting job creation. This is achieved by assisting in the establishment, retention, and expansion of businesses within the region. The corporation plays a crucial role in this process by aiding local governments in developing both human and physical infrastructure, thereby fostering community, economic, and business growth.
Official website here: www.geodc.net
Who is the CEO of Greater Eastern Oregon Development Corp?
Tracy Hamby is the President of Greater Eastern Oregon Development Corp.
Official website here: www.geodc.net
What is the revenue of Greater Eastern Oregon Development Corp?
Greater Eastern Oregon Development Corp's revenue in 2023 was $694,123.
Official website here: www.geodc.net
Who are the executives of Greater Eastern Oregon Development Corp and what are their salaries?
The average compensation at Greater Eastern Oregon Development Corp during 2023 was $51,608. There are 4 employees at Greater Eastern Oregon Development Corp.
Here are 8 key members and their salaries:
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Official website here: www.geodc.net
Where can I find the form 990 for Greater Eastern Oregon Development Corp?
Greater Eastern Oregon Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.geodc.net
Learn more at the official website: www.geodc.net
Mission Statement of Greater Eastern Oregon Development Corp
Greater Eastern Oregon Development Corporation, a regional economic development corporation, is dedicated to promoting job creation by aiding in the establishment, preservation, and expansion of businesses within its region. This mission is carried out, in part, by assisting local governments in developing both human and physical infrastructure that fosters community, economic, and business growth. By providing this support, Greater Eastern Oregon Development Corporation contributes to the overall prosperity and development of its region.
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Impact
July, 2024
Greater Eastern Oregon Development Corp's impact is significant in fostering economic growth and job creation in the region. By providing loans and grants to businesses, as well as supporting local government in developing sustainable infrastructure, GEODC plays a crucial role in creating, retaining, and expanding businesses. This not only boosts the local economy but also enhances community development and supports job opportunities for residents in Eastern Oregon.
This information is meant to be a general summary of Greater Eastern Oregon Development Corp. 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 2023.
- Investment Income: $267
- Program Service Revenue: $467,721
- Gross Receipts: $694,123
Assets and Liabilities:
- Total Assets: $9,276,601
- Total Liabilities: $2,731,354
- Net Assets: $6,545,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT INCOME
Revenue
$154,833
LOAN APPLICATION FEES
Revenue
$14,652
LOAN INTEREST INCOME
Revenue
$219,660
LOAN SERVICING FEES
Revenue
$75,393
OTHER LOAN INCOME
Revenue
$3,183
Organization Details
Founding Year
1982
Phone
(541) 276-6745Principal Officer
Tracy Hamby
Main Address
PO BOX 1041, PENDLETON, OR, 97801
Website
www.geodc.netNTEE Category
Code: S30 - Community improvement
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