Overview
What is Johnstown Area Regional Industries?
Johnstown Area Regional Industries is a nonprofit organization, situated in an unspecified location, dedicated to stimulating job growth in the local area. They achieve this by allocating small business administration (SBA) loan funds to nearby businesses through the SBA microloan program. Furthermore, the organization receives grant funding from the SBA to offer technical assistance to these microloan recipients and prospective borrowers. To augment their efforts, JARI provides a cost-sharing grant to assist businesses in marketing and technical assistance, particularly those selling goods and services to the Department of Defense. In essence, Johnstown Area Regional Industries serves as a catalyst for business development and job creation in the community.
Official website here: www.jari.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Johnstown Area Regional Industries has demonstrated strong accountability and financial health, which is reflected in its high rating. The organization achieved a perfect score in several key areas, including having a fully independent board and effective oversight mechanisms, indicating strong governance practices. The financial metrics, such as a program expense ratio of 84.36%, suggest that a significant portion of its resources is directed towards its mission-driven programs.
The organization also supports its credibility with policies in place to handle conflicts of interest and to protect whistleblowers, ensuring transparency and ethical operations. The absence of any material diversion of assets underscores its commitment to financial integrity.
One noted strength is its solid financial structure, evidenced by a liabilities-to-assets ratio of 45.47%, suggesting a healthy balance sheet. Overall, Johnstown Area Regional Industries appears to be a well-managed nonprofit with a strong emphasis on accountability, although more information on program impact could further enhance its public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Johnstown Area Regional Industries legitimate?
Johnstown Area Regional Industries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Johnstown Area Regional Industries 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: $341,612
Professional Fundraising Fees: $0
Other Salaries and Wages: $425,919
For more financial information, click here
Official website here: www.jari.com
What is the mission statement of Johnstown Area Regional Industries?
Johnstown Area Regional Industries, as a organization, focuses on creating and sustaining employment opportunities within the local business sector. They accomplish this by providing Small Business Administration (SBA) loan funds to local businesses through the SBA microloan program. Furthermore, JARI utilizes grant funding from the SBA to offer technical assistance to microloan borrowers and potential borrowers. In addition, they provide a cost-sharing grant to assist businesses in marketing and technical assistance efforts, specifically for those selling goods and services to the Department of Defense.
Official website here: www.jari.com
Who is the CEO of Johnstown Area Regional Industries?
Linda Thomson is the Assistant Treasurer of Johnstown Area Regional Industries. The CEO's salary of Johnstown Area Regional Industries is $172,666 and their total compensation is $199,095.
Official website here: www.jari.com
What is the revenue of Johnstown Area Regional Industries?
Johnstown Area Regional Industries's revenue in 2022 was $1,565,309.
Official website here: www.jari.com
Who are the executives of Johnstown Area Regional Industries and what are their salaries?
The average compensation at Johnstown Area Regional Industries during 2022 was $54,824. There are 14 employees and 20 volunteers at Johnstown Area Regional Industries.
Here are 17 key members and their salaries (Johnstown Area Regional Industries's CEO's salary is $172,666 and their total compensation is $199,095):
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- Compensation: $172,666
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- Other: $26,429
- Compensation: $102,391
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- Other: $27,417
- Compensation: $80,197
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- Other: $16,880
Official website here: www.jari.com
Where can I find the form 990 for Johnstown Area Regional Industries?
Johnstown Area Regional Industries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jari.com
Learn more at the official website: www.jari.com
Mission Statement of Johnstown Area Regional Industries
Johnstown Area Regional Industries, a notable organization, is committed to creating and preserving employment opportunities in the community. They accomplish this mission by providing small business administration (SBA) loan funds to local businesses through the SBA microloan program. This program serves as a crucial financial resource, helping businesses grow and sustain their operations.
In addition to offering loan funds, Johnstown Area Regional Industries also utilizes grant funding from the SBA. This grant money is used to provide technical assistance to microloan borrowers and potential borrowers. This assistance is invaluable, equipping businesses with the necessary tools and knowledge to navigate financial and operational challenges.
Furthermore, Johnstown Area Regional Industries offers a cost-sharing grant to aid businesses selling goods and services to the Department of Defense. This grant assists these businesses with marketing and technical assistance, providing them with an extra boost in a competitive market. By supporting local businesses in this way, Johnstown Area Regional Industries contributes to the overall economic growth and stability of the community.
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Impact
October, 2024
Johnstown Area Regional Industries has a significant impact on the local economy and community by creating and maintaining jobs in the Johnstown area. By providing access to small business administration (SBA) loan funds through the SBA microloan program, JARI supports entrepreneurs and small businesses in securing the financial resources they need to thrive. This assistance not only fosters business growth but also stimulates job creation.
Furthermore, JARI enhances its impact through grant funding from the SBA to offer technical assistance to both current microloan borrowers and those looking to apply. This guidance ensures that businesses are well-equipped to succeed, which in turn contributes to economic stability in the region. Additionally, JARI's cost-sharing grant program allows local businesses to effectively market their products and services, particularly to the Department of Defense, thereby expanding their reach and potential revenue streams.
Overall, JARI plays a crucial role in bolstering the local economy by empowering businesses, fostering job growth, and contributing to the overall improvement of the community.
This information is meant to be a general summary of Johnstown Area Regional Industries. 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: $44,680
- Program Service Revenue: $290,709
- Gross Receipts: $1,565,309
Assets and Liabilities:
- Total Assets: $2,137,238
- Total Liabilities: $971,827
- Net Assets: $1,165,411
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE FOR SERVICE INCOME
Revenue
$194,528
SHOWCASE SPONSORSHIPS
Revenue
$71,744
MISCELLANEOUS INCOME
Revenue
$17,014
SEMINAR INCOME
Revenue
$6,420
SUBCRIPTION SERVICE IN
Revenue
$1,003
Organization Details
Founding Year
1974
Phone
(814) 535-8675Principal Officer
Linda Thomson
Main Address
245 MARKET STREET, JOHNSTOWN, PA, 15901
Website
www.jari.comNTEE Category
Code: S30 - Community improvement
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