Overview
What is Economic Resources Corp?
Economic Resources Corp is a nonprofit organization, though specific details about its location or the extent of its reach are unavailable in the given information. The primary focus of this organization seems to be related to economic resources, as indicated by the name and the description stating that the user has reached their limit for profile views. However, the specific activities or mission of Economic Resources Corp are not explicitly stated in the provided data. It's essential to note that due to the limited information, the summary is brief and lacks comprehensive details.
Official website here: www.economicresources.org
What are the reviews and ratings of this charity?
Charity Navigator has rated Economic Resources Corp with a score of 96%, granting it a prestigious Four-Star out of Four Star rating. This high score reflects the organization’s strong accountability and financial management practices, with particular commendation for its independent board composition and oversight. The charity has successfully implemented robust policies regarding conflicts of interest, whistleblower protection, and document retention, which contribute to its overall transparency and good governance.
The organization demonstrates sound financial health, as indicated by a low liabilities to assets ratio of 5.81% and a program expense ratio of 80.83%. This suggests a significant portion of their budget is directed towards their programs, reinforcing their commitment to fulfilling their mission effectively. However, it is noted that they did not score in areas related to impact and measurement, culture and community, and leadership and adaptability, which may indicate areas for potential growth and development.
Review data from GreatNonprofits was not available, so user sentiments cannot be summarized. Overall, while Economic Resources Corp showcases strong financial and operational practices, further evaluation of its programmatic impact could enhance stakeholder trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Economic Resources Corp legitimate?
Economic Resources Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Resources 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: $128,780
For more financial information, click here
Official website here: www.economicresources.org
What is the mission statement of Economic Resources Corp?
The Economic Resources Corp does not provide a clear mission statement in the given information. However, it seems that the organization is limited in providing profile views for unregistered users, encouraging them to create a free account to access more profiles. This suggests that the corporation may focus on providing access to information or resources, possibly in the realm of business or professional networking. Without more specific details, it's challenging to provide a comprehensive mission statement.
Official website here: www.economicresources.org
Who is the CEO of Economic Resources Corp?
Samuel Hughes is the President/Ceo of Economic Resources Corp. The CEO's salary of Economic Resources Corp is $306,410 and their total compensation is $308,822.
Official website here: www.economicresources.org
What is the revenue of Economic Resources Corp?
Economic Resources Corp's revenue in 2022 was $7,644,583.
Official website here: www.economicresources.org
Who are the executives of Economic Resources Corp and what are their salaries?
The average compensation at Economic Resources Corp during 2022 was $18,397. There are 7 employees at Economic Resources Corp.
Here are 13 key members and their salaries (Economic Resources Corp's CEO's salary is $306,410 and their total compensation is $308,822):
- Compensation: $306,410
- Related: $0
- Other: $2,412
- 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
- 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
- Compensation: $177,548
- Related: $0
- Other: $6,294
- Compensation: $180,240
- Related: $0
- Other: $0
Official website here: www.economicresources.org
Where can I find the form 990 for Economic Resources Corp?
Economic Resources Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.economicresources.org
Learn more at the official website: www.economicresources.org
Mission Statement of Economic Resources Corp
Economic Resources Corp, as per the information provided, does not have a clear mission statement or description available. However, based on the limited information given, it seems that the organization operates with a focus on providing access to more profiles for its users. This suggests that Economic Resources Corp may be involved in some form of online networking or profile-based service, perhaps a professional or social networking platform. Without further information, it is challenging to provide a more detailed or in-depth summary of the organization's mission.
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Impact
July, 2024
Economic Resources Corp is making a significant impact on community improvement in Lynwood, CA. Through their activities, they are dedicated to enhancing economic resources and opportunities for individuals and businesses in the area. Their work is focused on creating a more prosperous and sustainable future for the community they serve.
This information is meant to be a general summary of Economic Resources 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 2022.
- Investment Income: $60,349
- Program Service Revenue: $4,168,667
- Gross Receipts: $7,644,583
Assets and Liabilities:
- Total Assets: $22,040,266
- Total Liabilities: $1,300,857
- Net Assets: $20,739,409
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUSINESS PARK LEASE
Revenue
$4,009,619
ERC BUS PARK ADMIN
Revenue
$159,048
Organization Details
Founding Year
1968
Phone
(310) 537-4610Principal Officer
Samuel Hughes
Main Address
2600 INDUSTRY WAY, LYNWOOD, CA, 90262
Website
www.economicresources.orgNTEE Category
Code: S30 - Community improvement
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