Overview
What is Maui Economic Development Board Inc?
Maui Economic Development Board Inc is a nonprofit organization situated in Kihei, Hawaii, specifically at 1305 N Holopono Street STE 1. Their primary mission is to drive the responsible design and development of a robust, sustainable, and diverse economy for Maui County. To achieve this goal, they run an initiative called Women in Technology (WIT). This program aims to strengthen the education pipeline by engaging girls, women, and underrepresented groups in science, technology, engineering, and math (STEM) activities and career pathways. Through innovative approaches, such as service-based learning, internships, mentoring, job-shadowing, professional development, recruitment, and technical assistance, WIT serves over 35,000 students, educators, and businesses across the state. With a committed workforce of 24 individuals, Maui Economic Development Board Inc actively contributes to the local community's economic growth and development.
Official website here: www.medb.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 89%, Three-Star out of Four Star rating.
Maui Economic Development Board Inc has demonstrated strong performance in various areas, particularly in accountability and finance, earning an overall score of 89%. The organization boasts a fully independent board, with 100% of its members being independent, which is a significant strength in governance. Their financial oversight is robust, as indicated by their perfect scores in multiple categories including audit and oversight, conflict of interest policies, and document retention practices.
The organization also excels in program efficiency, with a program expense ratio of 96.23%, suggesting that the vast majority of its spending is directed towards its programs rather than administrative costs. However, there are some concerns regarding fundraising efficiency, which scored low at $0.012. This indicates that the organization may need to improve its fundraising strategies to ensure more resources are available for its mission.
Overall, while Maui Economic Development Board Inc shows strong governance and program focus, addressing the fundraising efficiency could further enhance its operational effectiveness and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Maui Economic Development Board Inc legitimate?
Maui Economic Development Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maui Economic Development Board Inc 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: $160,149
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,096,863
For more financial information, click here
Official website here: www.medb.org
What is the mission statement of Maui Economic Development Board Inc?
The Maui Economic Development Board Inc serves as a catalyst for responsible design and development of a robust, sustainable, and diversified economy in its community. Its mission is to provide leadership and vision, ensuring the economy remains strong and adaptable to changing circumstances. The organization is particularly focused on workforce development, with initiatives like the Women in Technology (WIT) program. This program engages underrepresented groups in science, technology, engineering, and mathematics (STEM) activities and career pathways, aiming to shape the future workforce by empowering over 35,000 students, educators, and businesses statewide.
Official website here: www.medb.org
Who is the CEO of Maui Economic Development Board Inc?
Leslie Wilkins is the President & Ceo of Maui Economic Development Board Inc. The CEO's salary of Maui Economic Development Board Inc is $138,000 and their total compensation is $154,519.
Official website here: www.medb.org
What is the revenue of Maui Economic Development Board Inc?
Maui Economic Development Board Inc's revenue in 2022 was $4,443,692.
Official website here: www.medb.org
Who are the executives of Maui Economic Development Board Inc and what are their salaries?
The average compensation at Maui Economic Development Board Inc during 2022 was $52,376. There are 24 employees at Maui Economic Development Board Inc.
Here are 27 key members and their salaries (Maui Economic Development Board Inc's CEO's salary is $138,000 and their total compensation is $154,519):
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Official website here: www.medb.org
Where can I find the form 990 for Maui Economic Development Board Inc?
Maui Economic Development Board Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medb.org
Learn more at the official website: www.medb.org
Mission Statement of Maui Economic Development Board Inc
Maui Economic Development Board Inc plays a significant role in providing leadership and vision for the responsible design and development of a strong, sustainable, and diverse economy in Maui County. Their mission is geared towards fostering an economy that is both resilient and varied, ensuring the community's long-term prosperity.
In pursuit of this goal, Maui Economic Development Board Inc has launched various initiatives, one of which is the Women in Technology (WIT) program. This program is dedicated to enhancing the education pipeline by encouraging girls, women, and underrepresented groups to engage in science, technology, engineering, and mathematics (STEM) activities and career pathways. By implementing innovative approaches such as service-based learning, internships, mentoring, job-shadowing, regular professional development, recruitment, and technical assistance, the WIT program serves over 35,000 students, educators, and businesses across the state. This initiative is instrumental in nurturing the future workforce, ensuring that Maui County's economy remains robust and diverse.
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Impact
July, 2024
Maui Economic Development Board Inc's impact is felt through their dedicated efforts to provide leadership and vision in Maui County for the responsible design and development of a strong, sustainable, and diversified economy. One key aspect of their work is in workforce development, where programs like the Women in Technology (WIT) program focus on engaging girls, women, and traditionally underrepresented groups in science, technology, engineering, and math activities and career pathways. By strengthening the education pipeline and providing innovative approaches such as service-based learning, internships, mentoring, and job-shadowing, Maui Economic Development Board Inc serves over 35,000 students, educators, and businesses statewide, ensuring a future-ready workforce.
This information is meant to be a general summary of Maui Economic Development Board Inc. 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: $19,544
- Program Service Revenue: $526,004
- Gross Receipts: $5,279,232
Assets and Liabilities:
- Total Assets: $11,013,718
- Total Liabilities: $6,783,433
- Net Assets: $4,230,285
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE FEES
Revenue
$526,004
Organization Details
Founding Year
1982
Phone
(808) 875-2300Principal Officer
Leslie Wilkins
Main Address
1305 N HOLOPONO STREET STE 1, KIHEI, HI, 96753
Website
www.medb.orgNTEE Category
Code: S30 - Community improvement
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