Overview
What is Southwest Organizations Unifying Resources For Our?
Southwest Organizations Unifying Resources For Our, or SOURFOROU, is a nonprofit organization situated in Wyoming, Michigan. Their primary objective is to support families and employees by fostering community connections, sharing information, and best practices. By pooling and leveraging community resources, they aim to assist individuals in enhancing their economic self-sufficiency and promoting family wellness. With a team of 14 dedicated employees, SOURFOROU strives to create a network that ensures sustainability and offers assistance to improve the overall quality of life for its community members.
Official website here: www.grsource.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
Southwest Organizations Unifying Resources For Our has received a solid rating of 88%, indicating strong performance in accountability and finance. This score is primarily derived from a comprehensive evaluation of their financial practices, underscoring the organization’s commitment to transparency and responsible management of resources.
The organization boasts a fully independent board, with all eight members demonstrating commitment to governance. They also excel in various financial oversight areas, such as having an audit and oversight committee, detailed conflict of interest policies, and proper documentation practices. Additionally, a high program expense ratio of 92.18% suggests that a significant portion of their funds is directed towards their mission-driven programs.
One area of potential concern is the liabilities to assets ratio at 60.21%, which may indicate a moderate level of financial risk. While this does not overshadow their overall strong financial health, it highlights the importance of monitoring financial sustainability. Overall, Southwest Organizations Unifying Resources For Our demonstrates commendable operational integrity while continuing to face challenges typical of many nonprofits.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Organizations Unifying Resources For Our legitimate?
Southwest Organizations Unifying Resources For Our is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Organizations Unifying Resources For Our 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: $94,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $561,432
For more financial information, click here
Official website here: www.grsource.org
What is the mission statement of Southwest Organizations Unifying Resources For Our?
Southwest Organizations Unifying Resources For Our has a mission to support families and employees by fostering community networking. Their objective is to share information and best practices, as well as pool and leverage community resources. This initiative aims to assist individuals in improving their economic self-sufficiency and promoting family wellness. By doing so, the organization strives to sustain and offer assistance to improve the overall well-being of the community members.
Official website here: www.grsource.org
Who is the CEO of Southwest Organizations Unifying Resources For Our?
Alison Freas is the Executive Director of Southwest Organizations Unifying Resources For Our.
Official website here: www.grsource.org
What is the revenue of Southwest Organizations Unifying Resources For Our?
Southwest Organizations Unifying Resources For Our's revenue in 2022 was $1,075,545.
Official website here: www.grsource.org
Who are the executives of Southwest Organizations Unifying Resources For Our and what are their salaries?
The average compensation at Southwest Organizations Unifying Resources For Our during 2022 was $46,828. There are 14 employees at Southwest Organizations Unifying Resources For Our.
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Official website here: www.grsource.org
Where can I find the form 990 for Southwest Organizations Unifying Resources For Our?
Southwest Organizations Unifying Resources For Our's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grsource.org
Learn more at the official website: www.grsource.org
Mission Statement of Southwest Organizations Unifying Resources For Our
Southwest Organizations Unifying Resources For Our, often referred to as SOURFOROU, is committed to supporting families and employees within the community by fostering collaboration and information sharing. The organization's mission is to network with local entities, exchanging best practices and pooling resources to help individuals improve their economic self-sufficiency and promote family wellness. By leveraging community assets, SOURFOROU aims to sustain and assist individuals, providing them with the necessary tools to enhance their livelihoods and familial relationships.
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Impact
October, 2024
Southwest Organizations Unifying Resources For Our significantly impacts families and employees by fostering community networking to share invaluable information and best practices. By pooling and leveraging community resources, it enhances economic self-sufficiency and family wellness. This collaborative effort brings together diverse stakeholders, empowering individuals to navigate challenges and access essential resources that support their well-being. The initiative strengthens the local community in Wyoming, MI, promoting resilience and sustainable growth for individuals and families alike.
This information is meant to be a general summary of Southwest Organizations Unifying Resources For Our. 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: $1,422
- Gross Receipts: $1,075,545
Assets and Liabilities:
- Total Assets: $1,433,438
- Total Liabilities: $863,117
- Net Assets: $570,321
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Organization Details
Founding Year
2006
Principal Officer
Alison Freas
Main Address
1505 44TH ST SW, WYOMING, MI, 49509
Website
www.grsource.orgNTEE Category
Code: J20 - Employment
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