Overview
What is Columbia Pacific Economic Development District?
The Columbia Pacific Economic Development District is a nonprofit organization situated in St. Helens, Oregon. Their primary mission is to promote and sustain healthy communities in the district by fostering the retention, diversification, and expansion of the economic base. They achieve this by actively supporting existing businesses, promoting new business development, advocating for economic development interests, coordinating with other organizations, providing financial incentives, importing outside capital, conducting research, and offering supporting services for marketing the region. As of September 30, 2021, they have financed 45 loans under the USDA Rural Business Cooperative Services' Intermediary Relending Program, with 5 outstanding loans totaling $314,468. Additionally, they have financed 12 loans through the Rural Business Enterprise Grant, with a current (2020-21) outstanding fund balance of $273,954. In 2021, they made a new loan to the St. Helens Aquatic District for energy efficiency upgrades. Overall, Columbia Pacific Economic Development District has helped small businesses retain and create 830 jobs.
Official website here: www.nworegon.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Columbia Pacific Economic Development District has achieved a notable Four-Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance. The high score indicates the organization operates with a strong commitment to transparency and effective management of its resources, which is crucial for maintaining donor trust and support.
The organization's strengths are highlighted by its complete compliance with governance requirements, including a fully independent board and robust financial audits. With a program expense ratio of 76.48%, it demonstrates a significant allocation of resources towards its mission-driven activities, further enhancing its credibility and impact in the community.
While the financial health indicators are positive, the overall focus of the rating primarily emphasizes accountability and finance without an assessment of programmatic outcomes or service impact. This limitation suggests that while the organization is financially sound, stakeholders may wish to seek additional insights regarding the effectiveness of its programs and initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Columbia Pacific Economic Development District legitimate?
Columbia Pacific Economic Development District is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Pacific Economic Development District 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: $97,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $226,896
For more financial information, click here
Official website here: www.nworegon.org
What is the mission statement of Columbia Pacific Economic Development District?
The mission of Columbia Pacific Economic Development District is to foster and maintain healthy communities within its district. This is achieved by actively supporting existing businesses and encouraging new business development. Key strategies include advocating for economic development interests, promoting coordination and cooperation among economic development groups, providing financial incentives for businesses, importing outside capital for economic development projects, conducting research to identify new economic opportunities, and offering supporting services for marketing the region for business expansion.
Official website here: www.nworegon.org
Who is the CEO of Columbia Pacific Economic Development District?
Henry Heimuller is the President of Columbia Pacific Economic Development District.
Official website here: www.nworegon.org
What is the revenue of Columbia Pacific Economic Development District?
Columbia Pacific Economic Development District's revenue in 2021 was $2,960,651.
Official website here: www.nworegon.org
Who are the executives of Columbia Pacific Economic Development District and what are their salaries?
The average compensation at Columbia Pacific Economic Development District during 2021 was $54,016. There are 6 employees and 40 volunteers at Columbia Pacific Economic Development District.
Here are 23 key members and their salaries:
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- Compensation: $47,546
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- Other: $3,600
Official website here: www.nworegon.org
Where can I find the form 990 for Columbia Pacific Economic Development District?
Columbia Pacific Economic Development District's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.nworegon.org
Learn more at the official website: www.nworegon.org
Mission Statement of Columbia Pacific Economic Development District
Columbia Pacific Economic Development District is an organization committed to promoting and sustaining the health of its communities. To achieve this, it focuses on retaining, diversifying, and expanding the economic base of these communities. The organization actively supports existing businesses within the district and encourages new business development. This is accomplished through several strategies. Columbia Pacific Economic Development District advocates for the economic development interests of the region, promoting unity and cooperation among various economic development groups and organizations. It provides financial incentives to businesses and industries within the region, attracting outside capital for economic development and public works projects. The organization conducts research to identify new economic opportunities within the district and offers supporting services to market the region for business and industrial expansion. By implementing these strategies, Columbia Pacific Economic Development District aims to foster a thriving economic environment, ultimately contributing to the well-being and prosperity of its communities.
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Impact
July, 2024
Columbia Pacific Economic Development District's impact includes financing a total of 45 loans to eligible small business borrowers under the USDA Rural Business Cooperative Services' Intermediary Relending Program. Specifically, they have 5 outstanding loans totaling $314,468 through this program. Additionally, they have financed 12 loans through the Rural Business Enterprise Grant program, with a current outstanding fund balance of $273,954. In 2021, Columbia Pacific Economic Development District made a new loan to the St. Helens Aquatic District for energy efficiency upgrades. Overall, their efforts have helped small businesses retain and create 830 jobs, contributing to the economic growth and sustainability of the district in St Helens, Oregon.
This information is meant to be a general summary of Columbia Pacific Economic Development District. 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 2021.
- Investment Income: $584
- Program Service Revenue: $297,173
- Gross Receipts: $2,960,651
Assets and Liabilities:
- Total Assets: $1,194,782
- Total Liabilities: $365,363
- Net Assets: $829,419
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE INCOME
Revenue
$263,164
LOAN INTEREST
Revenue
$34,009
Organization Details
Founding Year
1994
Phone
(503) 397-3099Principal Officer
Henry Heimuller
Main Address
PO BOX 1535, ST HELENS, OR, 97051
Website
www.nworegon.orgNTEE Category
Code: S30Z - Community improvement
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