Overview
What is Forward Huron?
Forward Huron is a nonprofit organization situated in Huron, South Dakota, specifically at 1705 Dakota Ave South, 57350. Its primary mission is to foster economic growth, industrial development, and community enhancement in Huron, Beadle County, and the surrounding area. By assisting businesses that create new job opportunities or expand their workforce, Forward Huron aims to improve the local economy and quality of life for its residents. This organization actively promotes health care and community development initiatives to strengthen the economic base and overall well-being of the community.
Official website here: www.huronsd.com/cdf
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating. This rating reflects the organization's strong performance in accountability and finance, underscoring its commitment to transparency and responsible management of funds. The overall score is based entirely on the accountability and finance beacon, which is a key indicator for potential donors looking to assess the efficacy of a nonprofit.
Forward Huron stands out with a fully independent board of directors, receiving perfect scores for both board independence and size. The charity has also demonstrated prudent asset management with no material diversions of assets and a solid program expense ratio of 72.3%, indicating that a significant portion of its funding is directed towards its mission-related activities.
However, the organization does face a notable shortcoming with the absence of a whistleblower policy, which could affect perceptions of its commitment to internal governance practices. Additionally, while its liabilities to assets ratio is acceptable at 59.57%, this could suggest a moderate level of debt. Despite these limitations, Forward Huron's overall financial health and governance practices are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Forward Huron legitimate?
Forward Huron is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forward Huron 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.
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Official website here: www.huronsd.com/cdf
What is the mission statement of Forward Huron?
Forward Huron, as an organization, is committed to fostering economic, industrial, health care, and community development in a specific area. This mission aims to expand the economic base and improve the quality of life for the community's residents. To achieve this, Forward Huron provides assistance to individuals and businesses that can create new jobs or expand their workforce within the community and its surroundings. This support contributes to the overall growth and prosperity of the area.
Official website here: www.huronsd.com/cdf
Who is the CEO of Forward Huron?
Ted Haeder is the Director of Forward Huron.
Official website here: www.huronsd.com/cdf
What is the revenue of Forward Huron?
Forward Huron's revenue in 2021 was $78,387.
Official website here: www.huronsd.com/cdf
Who are the executives of Forward Huron and what are their salaries?
There 12 volunteers at Forward Huron.
Here are 9 key members and their salaries:
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Official website here: www.huronsd.com/cdf
Where can I find the form 990 for Forward Huron?
Forward Huron's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.huronsd.com/cdf
Learn more at the official website: www.huronsd.com/cdf
Mission Statement of Forward Huron
Forward Huron, a nonprofit organization, is committed to fostering economic, industrial, healthcare, and community development in its vicinity. Its mission is to enhance the economic base and improve the quality of life for the people residing in the area. To achieve this, Forward Huron provides assistance to individuals and businesses that are either creating new job opportunities or expanding their existing workforce within the community and its surroundings. By promoting growth in these sectors, Forward Huron aims to contribute to the overall development and prosperity of the community it serves.
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Impact
August, 2024
The impact of Forward Huron is evident in the tangible improvements seen in the economic, industrial, healthcare, and overall community development of Huron, Beadle County, and the surrounding area. By promoting economic growth and enhancing the quality of life for residents, Forward Huron plays a vital role in creating new job opportunities and supporting existing businesses in expanding their workforce. Through its efforts, the organization contributes towards a more prosperous and thriving community, benefiting individuals and businesses alike.
This information is meant to be a general summary of Forward Huron. 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 2021.
- Investment Income: $31,387
- Gross Receipts: $78,387
Assets and Liabilities:
- Total Assets: $795,718
- Total Liabilities: $859,522
- Net Assets: -$63,804
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Organization Details
Founding Year
2007
Phone
(605) 352-0363Principal Officer
Ted Haeder
Main Address
1705 DAKOTA AVE SOUTH, HURON, SD, 57350
Website
www.huronsd.com/cdfNTEE Category
Code: S32 - Community improvement
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