Overview
What is Tri City Economic Development Corporation?
Tri City Economic Development Corporation is a nonprofit organization situated in Union City, California, with a US address at 33377 Western Avenue. Its primary mission revolves around recycling recyclable materials while providing employment and job training opportunities to disadvantaged youth and adults. The organization aims to make a positive impact on the community by turning waste into economic opportunities. They offer curbside recycling, organics collection, and operate their own buy-back recycling center. The corporation's activities align with the non-profit public benefit corporation law and contribute to reducing the waste stream by sharing residual proceeds with the community. The organization employs a total of 82 individuals.
Official website here: www.tri-ced.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star Rating
The Tri City Economic Development Corporation has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's score is entirely based on its accountability metrics, demonstrating a commitment to financial transparency and responsible management. This high score indicates that the nonprofit effectively utilizes its resources and maintains a sound financial structure.
Among its strengths, the organization boasts a fully independent board, which is crucial for governance and oversight. With a majority of independent board members and robust policies in place, including conflict of interest and whistleblower protections, the organization shows a dedication to ethical practices and operational integrity. Additionally, the high program expense ratio signifies that the majority of its funds directly support its mission-driven activities.
Despite the glowing financial performance, the summary does not provide insights into the organization's specific programs or impact on the community, which could offer a more comprehensive view of its effectiveness. However, the solid accountability scores suggest that stakeholders can trust Tri City Economic Development Corporation to manage its resources wisely.
This AI summary has been generated from information found on Charity Navigator.
Is Tri City Economic Development Corporation legitimate?
Tri City Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tri City Economic Development Corporation 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: $283,127
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,436,706
For more financial information, click here
Official website here: www.tri-ced.org
What is the mission statement of Tri City Economic Development Corporation?
The Tri City Economic Development Corporation focuses on reducing the waste stream through employment and job training for disadvantaged youth and adults. This non-profit organization's primary mission is to provide individuals with the necessary skills to become valuable employees and community members. In 2022, they carried out this mission by offering curbside recycling, organics collection, and recycling processing. Additionally, they operated a buy-back recycling center. The organization continues to make a positive impact by equipping people with the assets to become productive members of society.
Official website here: www.tri-ced.org
Who is the CEO of Tri City Economic Development Corporation?
Richard Valle is the President/Ceo of Tri City Economic Development Corporation. The CEO's salary of Tri City Economic Development Corporation is $100,000 and their total compensation is $145,059.
Official website here: www.tri-ced.org
What is the revenue of Tri City Economic Development Corporation?
Tri City Economic Development Corporation's revenue in 2022 was $13,718,847.
Official website here: www.tri-ced.org
Who are the executives of Tri City Economic Development Corporation and what are their salaries?
The average compensation at Tri City Economic Development Corporation during 2022 was $69,754. There are 82 employees and 5 volunteers at Tri City Economic Development Corporation.
Here are 12 key members and their salaries (Tri City Economic Development Corporation's CEO's salary is $100,000 and their total compensation is $145,059):
- Compensation: $154,948
- Related: $0
- Other: $53,670
- Compensation: $149,034
- Related: $0
- Other: $53,670
- Compensation: $146,338
- Related: $0
- Other: $53,670
- Compensation: $141,649
- Related: $0
- Other: $53,670
- Compensation: $139,523
- Related: $0
- Other: $37,124
- Compensation: $100,000
- Related: $0
- Other: $45,059
- Compensation: $99,000
- Related: $0
- Other: $39,068
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.tri-ced.org
Where can I find the form 990 for Tri City Economic Development Corporation?
Tri City Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tri-ced.org
Learn more at the official website: www.tri-ced.org
Mission Statement of Tri City Economic Development Corporation
Tri City Economic Development Corporation, a non-profit organization, is dedicated to making a significant impact on its community through various initiatives. Its primary objective encompasses the recycling of recyclable materials, the employment and training of disadvantaged youth and adults, and engaging in acts that benefit the public under the Non-Profit Public Benefit Corporation Law.
The organization's mission is geared towards reducing the waste stream by offering employment and job training to those in need. By providing these opportunities, Tri City Economic Development Corporation empowers individuals to become positive and productive members of their community. In the context of waste management, the corporation collects organics and processes recycling materials to keep them from ending up in landfills. Furthermore, it operates a buy-back recycling center, allowing the public to bring in their recyclable items and receive compensation for them.
In 2022, Tri City Economic Development Corporation continued its mission by offering individuals the essential assets and skills necessary to excel as employees. This non-profit organization takes pride in investing in the future of its community members, ensuring they have the tools and knowledge required to contribute positively to society. Simultaneously, the organization continued its recycling initiatives, emphasizing the importance of responsible waste management and the potential for creating a sustainable future.
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Impact
October, 2024
Tri City Economic Development Corporation significantly contributes to the community by promoting environmental sustainability and providing vital job training and employment opportunities. In 2022, it continued its efforts to equip individuals with essential skills, fostering a workforce that can positively impact the local economy.
The organization actively engages in recycling initiatives, offering curbside recycling, organics collection, and processing services, while also operating a buy-back recycling center in Union City, CA. These efforts not only help reduce the waste stream but also generate residual proceeds that benefit the community. By focusing on disadvantaged youth and adults, Tri City Economic Development Corporation enables participants to become productive members of society, ultimately enhancing the overall quality of life in the region.
This information is meant to be a general summary of Tri City Economic Development Corporation. 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: $3,610
- Program Service Revenue: $11,643,861
- Gross Receipts: $18,191,270
Assets and Liabilities:
- Total Assets: $6,152,468
- Total Liabilities: $3,071,024
- Net Assets: $3,081,444
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RECYCLING INCOME
Revenue
$11,643,861
Organization Details
Founding Year
1980
Phone
(510) 471-3850Principal Officer
Richard Valle
Main Address
33377 WESTERN AVENUE, UNION CITY, CA, 94587
Website
www.tri-ced.orgNTEE Category
Code: C270 - Environment
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