Overview
What is New North Inc?
New North Inc is a collaborative nonprofit organization based in Green Bay, Wisconsin, encompassing various sectors such as business, economic development, chambers of commerce, workforce development, civic, nonprofit, and educational entities from 18 northeastern Wisconsin counties. Their primary mission is to stimulate regional prosperity for everyone by harnessing the area's resources, talents, and creativity in a collaborative manner, thereby fostering the sustainable growth of the local economy.
Official website here: www.thenewnorth.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
New North Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. The charity scored 96% in the Accountability & Finance category, which is vital as it indicates transparency and effective use of resources in its operations. The high score in this area suggests that donors can trust the organization to allocate funds responsibly.
The nonprofit showcases several strengths, including having a fully independent board of members, which promotes unbiased decision-making. Additionally, the organization exhibits a low liabilities-to-assets ratio, signifying financial stability. With a program expense ratio of 87.35%, the organization demonstrates a robust commitment to investing in its mission, ensuring that a significant portion of its funds directly supports its programs.
While the data does not highlight any specific weaknesses, it is essential for potential donors and stakeholders to consider ongoing evaluations and community feedback to ensure sustained effectiveness. Overall, New North Inc stands out as a reputable choice for those looking to support nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is New North Inc legitimate?
New North Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New North Inc 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: $233,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $434,514
For more financial information, click here
Official website here: www.thenewnorth.com
What is the mission statement of New North Inc?
New North Inc serves as a catalyst for regional prosperity for all, promoting collaborative action. This organization, consisting of various leaders from business, economic development, chambers of commerce, workforce development, civic, nonprofit, and educational sectors in 18 counties, aims to leverage the region's resources, talents, and creativity to sustain and grow the regional economy. They work towards fostering a collaborative environment to collectively address the region's economic needs and opportunities.
Official website here: www.thenewnorth.com
Who is the CEO of New North Inc?
Barb Lamue is the President & of New North Inc.
Official website here: www.thenewnorth.com
What is the revenue of New North Inc?
New North Inc's revenue in 2022 was $2,770,327.
Official website here: www.thenewnorth.com
Who are the executives of New North Inc and what are their salaries?
There 229 volunteers at New North Inc.
Here are 42 key members and their salaries:
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Official website here: www.thenewnorth.com
Where can I find the form 990 for New North Inc?
New North Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thenewnorth.com
Learn more at the official website: www.thenewnorth.com
Mission Statement of New North Inc
New North Inc, a consortium of various leaders from business, economic development, chambers of commerce, workforce development, civic, nonprofit, and educational sectors, is committed to fostering regional prosperity for all. They aim to serve as a catalyst for this growth through collaborative action, leveraging the region's resources, talents, and creativity to sustain and expand the regional economy. By working together, New North Inc intends to harness the collective strength of its members to drive positive change and improve the overall well-being of the community.
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Impact
October, 2024
New North Inc serves as a vital catalyst for regional prosperity in Northeastern Wisconsin through collaborative action among diverse stakeholders such as businesses, economic development agencies, chambers of commerce, workforce development organizations, civic leaders, and educational institutions across 18 counties. By harnessing the region's resources, talents, and creativity, New North Inc actively shapes initiatives that strengthen the local economy and promote community improvement.
The organization's collaborative approach fosters a unified vision for growth, bringing together various sectors to address challenges and seize opportunities that benefit the region as a whole. This collective engagement not only enhances economic development but also empowers communities, creating a more sustainable and thriving environment for all residents. Through strategic partnerships and innovative projects, New North Inc accelerates progress and cultivates an ecosystem where talent can flourish, ultimately driving prosperity across the region.
This information is meant to be a general summary of New North Inc. 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.
- Program Service Revenue: $1,719,333
- Gross Receipts: $2,770,327
Assets and Liabilities:
- Total Assets: $1,098,251
- Total Liabilities: $34,963
- Net Assets: $1,063,288
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,690,167
SUMMIT REGISTRATIONS
Revenue
$29,166
Organization Details
Founding Year
2005
Phone
(920) 336-3860Principal Officer
Barb Lamue
Main Address
2740 W MASON STREET, GREEN BAY, WI, 54301
Website
www.thenewnorth.comNTEE Category
Code: S30 - Community improvement
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