Overview
What is Economic Development Corp Of Shasta Co?
The Economic Development Corp of Shasta Co is a 501(C)(3) public benefit corporation, established in Redding, California. With a mission to boost primary industry employment, this nonprofit organization strives to enhance the economic standing of Shasta County residents by encouraging industrial and business growth. Their activities involve attracting new businesses, retaining existing ones, and promoting the resources available in the county. With a team of seven dedicated employees, the Economic Development Corp of Shasta Co aims to increase wages and wealth within the local community.
Official website here: www.shastaedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Economic Development Corp Of Shasta Co has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial transparency. The charity's score is derived entirely from its impressive accountability and finance metrics, reflecting a strong commitment to responsible management of donations and resources.
Strengths of this nonprofit include a fully independent board, with all members meeting the criteria for independence, and a robust financial structure that shows no diversion of assets. The organization also excels in having comprehensive policies in place, such as conflict of interest and whistleblower policies, ensuring ethical governance practices.
Notably, the charity allocates a significant portion of its expenses (76.39%) directly to program services, demonstrating its focus on impactful economic development initiatives. The low liabilities to assets ratio of 6.23% further emphasizes its financial health and sustainability. Overall, the Economic Development Corp Of Shasta Co shows a strong commitment to transparency and efficiency, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Economic Development Corp Of Shasta Co legitimate?
Economic Development Corp Of Shasta Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Development Corp Of Shasta Co 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: $102,316
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,108
For more financial information, click here
Official website here: www.shastaedc.org
What is the mission statement of Economic Development Corp Of Shasta Co?
The Economic Development Corp of Shasta Co, being a 501(C)(3) public benefit corporation, is primarily focused on creating primary industry employment. This mission aims to enhance the financial well-being of the local residents by providing higher wages. The corporation offers programs that foster industrial and business growth, promote business retention and expansion, and highlight the resources available in Shasta County. Its activities are geared towards stimulating economic development and wealth creation within the community.
Official website here: www.shastaedc.org
Who is the CEO of Economic Development Corp Of Shasta Co?
Todd Jones is the President of Economic Development Corp Of Shasta Co.
Official website here: www.shastaedc.org
What is the revenue of Economic Development Corp Of Shasta Co?
Economic Development Corp Of Shasta Co's revenue in 2022 was $647,749.
Official website here: www.shastaedc.org
Who are the executives of Economic Development Corp Of Shasta Co and what are their salaries?
The average compensation at Economic Development Corp Of Shasta Co during 2022 was $30,775. There are 7 employees at Economic Development Corp Of Shasta Co.
Here are 14 key members and their salaries:
- Compensation: $102,316
- Related: $92,347
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Official website here: www.shastaedc.org
Where can I find the form 990 for Economic Development Corp Of Shasta Co?
Economic Development Corp Of Shasta Co's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shastaedc.org
Learn more at the official website: www.shastaedc.org
Mission Statement of Economic Development Corp Of Shasta Co
The Economic Development Corp of Shasta Co, functioning as a 501(c)(3) public benefit corporation, is dedicated to a mission that aims to stimulate the creation of primary industry employment within the organization's jurisdiction. This mission is geared towards enhancing the earnings potential and overall wealth of the local residents. The Corporation's primary activities involve promoting industrial and business growth, ensuring business retention and expansion, and showcasing the abundant resources that Shasta County has to offer. By doing so, the Economic Development Corp of Shasta Co plays a pivotal role in boosting the local economy and improving the standard of living for its residents.
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Impact
July, 2024
The Economic Development Corp Of Shasta Co plays a crucial role in creating primary industry employment, which leads to higher wages and added wealth for residents of Shasta County. By focusing on business attraction, retention, and expansion, this organization encourages industrial and business growth in the region, ultimately contributing to the economic development of Redding, California. Through its programs and initiatives, the Economic Development Corp Of Shasta Co helps in enhancing the community's prosperity and fostering a more vibrant economic landscape in the area.
This information is meant to be a general summary of Economic Development Corp Of Shasta Co. 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: $70,246
- Program Service Revenue: $345,008
- Gross Receipts: $653,890
Assets and Liabilities:
- Total Assets: $503,248
- Total Liabilities: $34,605
- Net Assets: $468,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
business development
Revenue
$345,008
Organization Details
Founding Year
1957
Phone
(530) 224-4920Principal Officer
Todd Jones
Main Address
777 Auditorium Drive, Redding, CA, 96001
Website
www.shastaedc.orgNTEE Category
Code: S30 - Community improvement
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