3 Cor Inc.
3 Cor Inc.
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About this organization
Mission
Serve as intermediary for public and private investments that foster a stable and diversified local economy, to improve social, economic and employment conditions, and to implement sound, long-term strategy to address indentified community needs.
About
The Organization was organized and established in 1985 as a private nonprofit organization serving the three county region of Butte, Glenn and Tehama. The specific purpose of this Organization is to be an intermediary for public and private investments that foster a stable and diversified local economy, to improve social economic and employment conditions through collaborative partnerships and to implement a sound, long-term strategy that can address identified community needs through private, public, and non-profit organizations principally located within Butte, Glenn and Tehama counties.Services related to economic development are primarily funded through various federal grants. The Organization was designated as an economic development district by the Economic Development Administration under the provisions of the Public Works and Economic Development Act of 1965. Funds provided are to be used to foster economic planning and cooridnation services.The Organization also has established a revolving loan program in which funds are made available to local business. The funds for the program are derived from a U.S. Department of Commerce Economic Development Administration Grant, U.S. Department of Housing and Urban Development Block Grants, various local grant funds, local matching funds, refundable loans, and reinvestment of interest and loan packaging fees. The Organization also provides contract services, primarily to local government units, related to obtaining and administering grant projects.
Interesting data from their 2019 990 filing
According to the filing, the non-profit's mission is “Serve as intermediary for public and private investments that foster a stable and diversified local economy, to improve social, economic and employment conditions, and to implement sound, long-term strategy to address indentified community needs.”.
When referring to its actions, they were described as: “Serve as intermediary for public and private investments that foster a stable and diversified local economy, to improve social, economic and employment conditions, and to implement sound, long-term strategy to address indentified community needs.”.
- According to the law, the state of operation reported by the non-profit is CA.
- According to their form, the non-profit as of 2019 has a total of 7 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $16,796.
- The CEO compensation plan of the organization is determined by an independent party's review and approval.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 7 independent voting members.
- The organization was formed in 1985.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $402,851 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.