Overview
What is Economic Development Alliance Of Hawaii Inc?
The Economic Development Alliance of Hawaii Inc, based in Honolulu, Hawaii, is a nonprofit organization with a mission to foster and support the economic growth and well-being of the state and its counties. They achieve this by providing financial assistance to potential new and existing businesses and industries. Their activities extend beyond just financial support, as they are also engaged in charitable and educational endeavors, aiming to further stimulate the economic development of Hawaii.
Official website here: www.edahawaii.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Economic Development Alliance of Hawaii Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored exceptionally well across various metrics, achieving a perfect score in several areas, such as having a fully independent board and maintaining robust financial practices. The high program expense ratio indicates that a significant majority of its funds are directed towards its programs, emphasizing its mission-driven approach.
Strengths of the organization include a completely independent board of directors, which ensures objective governance and decision-making. With no reported material diversion of assets and comprehensive policies in place for conflicts of interest and whistleblower protections, the organization demonstrates a solid ethical framework. Its transparency is further highlighted by the inclusion of required documents like board meeting minutes and its operational details on its website.
While the rating reflects a strong organizational structure and financial health, it is essential for potential donors and stakeholders to remain informed about the ongoing activities and impact of the initiatives undertaken by the Economic Development Alliance of Hawaii. Regular updates and clear communication of program outcomes can help maintain trust and engagement with the community they serve.
This AI summary has been generated from information found on Charity Navigator.
Is Economic Development Alliance Of Hawaii Inc legitimate?
Economic Development Alliance Of Hawaii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Development Alliance Of Hawaii 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:
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Other Salaries and Wages: $130,020
For more financial information, click here
Official website here: www.edahawaii.org
What is the mission statement of Economic Development Alliance Of Hawaii Inc?
The Economic Development Alliance of Hawaii Inc is committed to charitable and educational activities with the primary objective of promoting the economic development of the state of Hawaii. They achieve this by engaging in activities that support and finance potential new and existing businesses and industries within the state. This organization strives to enhance the economic well-being of Hawaii and its counties, contributing to a thriving and prosperous community.
Official website here: www.edahawaii.org
Who is the CEO of Economic Development Alliance Of Hawaii Inc?
Jeanne Skog is the Chair of Economic Development Alliance Of Hawaii Inc.
Official website here: www.edahawaii.org
What is the revenue of Economic Development Alliance Of Hawaii Inc?
Economic Development Alliance Of Hawaii Inc's revenue in 2022 was $210,838.
Official website here: www.edahawaii.org
Who are the executives of Economic Development Alliance Of Hawaii Inc and what are their salaries?
There 15 volunteers at Economic Development Alliance Of Hawaii Inc.
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Official website here: www.edahawaii.org
Where can I find the form 990 for Economic Development Alliance Of Hawaii Inc?
Economic Development Alliance Of Hawaii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edahawaii.org
Learn more at the official website: www.edahawaii.org
Mission Statement of Economic Development Alliance Of Hawaii Inc
The Economic Development Alliance of Hawaii Inc, as stated in its mission, is committed to engaging in charitable and educational activities with the primary goal of promoting the economic development of the state of Hawaii. This organization strives to enhance the economic welfare and development of Hawaii and its counties. It achieves this by providing financial support to potential new and existing businesses and industries within the state. By doing so, the Economic Development Alliance of Hawaii Inc contributes to the overall growth and prosperity of Hawaii, fostering a thriving and sustainable economy.
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Impact
October, 2024
The Economic Development Alliance of Hawaii Inc plays a vital role in enhancing the economic landscape of the state. By engaging in charitable and educational activities, it fosters a supportive environment for both new and existing businesses across Hawaii. This organization focuses on promoting economic development and welfare through various initiatives, including providing financial support to local industries.
Its efforts contribute significantly to community improvement by stimulating local economies, creating job opportunities, and encouraging entrepreneurship. The Alliance's commitment to education also helps build a skilled workforce, which is essential for attracting and retaining businesses in the region. Overall, its impact extends to enhancing the quality of life in Hawaii, ensuring sustainable economic growth that benefits all residents.
This information is meant to be a general summary of Economic Development Alliance Of Hawaii 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.
- Gross Receipts: $210,838
Assets and Liabilities:
- Total Assets: $50,424
- Total Liabilities: $13,200
- Net Assets: $37,224
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Organization Details
Founding Year
1998
Phone
(808) 280-4395Principal Officer
Jeanne Skog
Main Address
735 BISHOP STREET 424, HONOLULU, HI, 96813
Website
www.edahawaii.orgNTEE Category
Code: S41 - Community improvement
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