Overview
What is Klamath Community Development Corp?
Klamath Community Development Corp, located in Klamath Falls, Oregon, serves a population of about 50,000 residents. This nonprofit organization is dedicated to fostering economic growth in both new and existing industries within Klamath County. Their mission is to actively promote economic development within the Klamath Falls area, contributing to the local community's prosperity and vitality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
Klamath Community Development Corp has received a low rating of 1 star, indicating significant concerns regarding its financial accountability and transparency. The organization scored 59% overall, reflecting both strengths and weaknesses in its operations. Notably, it has a fully independent board and maintains no material diversion of assets, which are positive aspects of its governance structure.
However, the charity has several critical shortcomings that have impacted its score. The absence of key policies, such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, raises concerns about internal controls and compliance. Additionally, the lack of transparency in providing its tax form on its website signals potential issues with openness that donors and stakeholders may find troubling.
While the organization demonstrates solid governance practices, its overall accountability and financial practices require significant improvement. To enhance its rating and public trust, Klamath Community Development Corp should prioritize establishing essential policies and increasing transparency in its financial documentation.
This AI summary has been generated from information found on Charity Navigator.
Is Klamath Community Development Corp legitimate?
Klamath Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Klamath Community 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:
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What is the mission statement of Klamath Community Development Corp?
The Klamath Community Development Corp, as per its mission description, is committed to fostering economic growth within its jurisdiction. Specifically, its mission is to stimulate economic development in both new and existing industries within Klamath County. This organization serves a population of approximately 50,000 residents, working tirelessly to drive economic progress and prosperity.
Who is the CEO of Klamath Community Development Corp?
John Dey is the Treasurer of Klamath Community Development Corp.
What is the revenue of Klamath Community Development Corp?
Klamath Community Development Corp's revenue in 2023 was $9,563.
Who are the executives of Klamath Community Development Corp and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Klamath Community Development Corp?
Klamath Community Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Klamath Community Development Corp
The Klamath Community Development Corp is committed to fostering economic growth within the Klamath County area in Klamath Falls, Oregon. Their primary mission is to promote economic development by supporting both new and existing industries in the region. Serving a population of approximately 50,000 residents, this nonprofit organization is dedicated to improving the local economy and creating opportunities for its community members.
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Impact
August, 2024
Klamath Community Development Corp plays a vital role in catalyzing economic development in Klamath County. By promoting growth and sustainability in both new and existing industries, the organization directly impacts the prosperity of approximately 50,000 residents in Klamath Falls, Oregon. Its focus on community improvement underscores the tangible benefits it brings to the area by fostering economic empowerment and enhancing the quality of life for its residents.
This information is meant to be a general summary of Klamath Community 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: $5,481
- Gross Receipts: $9,563
Assets and Liabilities:
- Total Assets: $356,282
- Total Liabilities: $0
- Net Assets: $356,282
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Organization Details
Founding Year
1995
Phone
(541) 798-5807Principal Officer
John Dey
Main Address
17356 HILL ROAD, KLAMATH FALLS, OR, 97603
NTEE Category
Code: S31 - Community improvement
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