Overview
What is White Earth Investment Initiative?
The White Earth Investment Initiative is a nonprofit organization situated in Ogema, Minnesota, specifically at 407 Main Street. Their primary focus is on community economic development, serving residents of the White Earth Reservation and other Native American communities across the state. In 2022, they provided 18 business loans totaling $5,179,548 to support native community businesses and facilities, ultimately preserving 317 existing jobs and creating an additional 40 new ones. Their mission is to contribute to the alleviation of poverty and improvement of living standards within the White Earth Indian Reservation through community, economic, and housing development initiatives.
Official website here: www.whiteearthinvestmentinitiative.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator.
The White Earth Investment Initiative has achieved a commendable Four-Star rating, reflecting its strong performance in accountability and finance. This high score indicates that the organization is well-managed, with a focus on transparency and responsible financial practices, which is crucial for gaining the trust of donors and stakeholders.
The nonprofit boasts a fully independent board, which is vital for unbiased decision-making and governance. Additionally, its financial health is solid, evidenced by a low liabilities-to-assets ratio and a high percentage of program expenses allocated toward its mission. These factors suggest a commitment to maximizing the impact of each dollar received.
While the rating is impressive, it's essential for potential supporters to consider ongoing engagement and evaluation of the organization's effectiveness in achieving its mission. The strong policies in place, such as conflict of interest and whistleblower protections, further enhance its credibility and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is White Earth Investment Initiative legitimate?
White Earth Investment Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. White Earth Investment Initiative 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $228,506
For more financial information, click here
Official website here: www.whiteearthinvestmentinitiative.com
What is the mission statement of White Earth Investment Initiative?
The White Earth Investment Initiative is committed to engaging in community, economic, and housing development with the objective of alleviating poverty and enhancing the standard of living for the residents. Their mission is to contribute to this cause, aiming to provide assistance in improving the living conditions and economic opportunities for the community members. The initiative provides business loans to support native community businesses and facilities, creating job retention and new employment opportunities. In 2022, they offered 18 commercial loans totaling $5,179,548 to Native American businesses, preserving 317 existing jobs and creating an additional 40 jobs.
Official website here: www.whiteearthinvestmentinitiative.com
Who is the CEO of White Earth Investment Initiative?
Julia Nelmark is the CEO of White Earth Investment Initiative The CEO's salary of White Earth Investment Initiative is $0 and their total compensation is $411,022.
Official website here: www.whiteearthinvestmentinitiative.com
What is the revenue of White Earth Investment Initiative?
White Earth Investment Initiative's revenue in 2023 was $893,097.
Official website here: www.whiteearthinvestmentinitiative.com
Who are the executives of White Earth Investment Initiative and what are their salaries?
The average compensation at White Earth Investment Initiative during 2023 was $40,084. There are 6 employees and 11 volunteers at White Earth Investment Initiative.
Here are 7 key members and their salaries (White Earth Investment Initiative's CEO's salary is $0 and their total compensation is $411,022):
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,600
- Related: $0
- Other: $0
- Compensation: $2,200
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $347,022
- Other: $64,000
Official website here: www.whiteearthinvestmentinitiative.com
Where can I find the form 990 for White Earth Investment Initiative?
White Earth Investment Initiative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.whiteearthinvestmentinitiative.com
Learn more at the official website: www.whiteearthinvestmentinitiative.com
Mission Statement of White Earth Investment Initiative
The White Earth Investment Initiative is dedicated to engaging in community, economic, and housing development on the White Earth Indian Reservation. Their mission is to assist in alleviating poverty and enhancing the standard of living for the residents there. The organization aims to achieve this goal by providing business loans to community businesses and facilities, not just on the White Earth Reservation but also to Native American communities across the state. In 2022 alone, they distributed 18 commercial loans totaling $5,179,548, which helped retain 317 existing jobs and create an additional 40 new ones. The White Earth Investment Initiative is committed to uplifting the community and improving the lives of its residents through economic development.
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Impact
July, 2024
White Earth Investment Initiative's impact includes providing 18 commercial loans totaling $5,179,548 in 2022, which supported native community businesses and facilities. Through these loans, 317 jobs were retained, and 40 new jobs were created, contributing to economic growth and sustainability in the community. Through their focus on community, economic, and housing development on the White Earth Indian Reservation, this initiative plays a crucial role in alleviating poverty and enhancing the standard of living for residents.
This information is meant to be a general summary of White Earth Investment Initiative. 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 2023.
- Investment Income: $3,169
- Program Service Revenue: $397,441
- Gross Receipts: $893,097
Assets and Liabilities:
- Total Assets: $11,663,427
- Total Liabilities: $3,654,725
- Net Assets: $8,008,702
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$363,799
RENTAL INCOME
Revenue
$19,080
LOAN ORIGINATION FEES
Revenue
$14,562
Organization Details
Founding Year
2002
Principal Officer
Julia Nelmark
NTEE Category
Code: S30 - Community improvement
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