Overview
What is Grassroots Business Partners Inc?
Grassroots Business Partners Inc, operating as Grassroots Business Fund, is a nonprofit organization based in Washington D.C. Their primary mission is to foster the growth of sustainable and inclusive businesses that generate earnings or cost savings for individuals in Africa, Asia, and Latin America. As part of their commitment to impact investing, they collaborate closely with partner organizations, pioneer new initiatives, and share their learnings with a broad audience. This active participation in various working groups, such as impact assessment and the development of impact funds, contributes to their role in expanding the field. With a total of four employees, they continue to disseminate information on the successes and lessons learned in this area.
Official website here: www.gbfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (60%)
Grassroots Business Partners Inc has received a "Needs Improvement" rating, indicating some challenges in its financial health and operational efficiency. While the organization demonstrates strong governance with an entirely independent board and effective oversight policies, its financial ratios suggest potential concerns in sustainability, including a high liabilities-to-assets ratio and low fundraising efficiency.
The organization scored well in areas related to accountability and governance, showing compliance with conflict of interest and whistleblower policies, which indicates a commitment to ethical practices. However, the financial metrics reveal that only about 50% of its expenses go toward programs, raising questions about its operational effectiveness and ability to manage resources efficiently.
While Grassroots Business Partners Inc has established a strong governance structure, the financial struggles highlighted in its metrics may hinder its overall impact and growth. Stakeholders should consider these factors when evaluating the organization's ability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Grassroots Business Partners Inc legitimate?
Grassroots Business Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grassroots Business Partners 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: $311,376
Professional Fundraising Fees: $0
Other Salaries and Wages: $248,110
For more financial information, click here
Official website here: www.gbfund.org
What is the mission statement of Grassroots Business Partners Inc?
Grassroots Business Partners Inc, operating as Grassroots Business Fund, is committed to fostering an inclusive world where economic opportunities are accessible to everyone. Their mission is to cultivate viable businesses that generate sustainable earnings or cost savings for individuals with low income residing in Africa, Asia, and Latin America. The organization actively contributes to the impact investing field by collaborating with partner organizations, pioneering new initiatives, and sharing lessons learned with a broad audience. As a part of their partnership building efforts, Grassroots Business Fund is a member of various working groups focused on impact assessment, the development of impact funds, and careers in impact investing. To advance the field of impact investing, Grassroots Business Fund emphasizes the dissemination of information on the successes and lessons learned related to their initiatives.
Official website here: www.gbfund.org
Who is the CEO of Grassroots Business Partners Inc?
Harold Rosen is the CEO of Grassroots Business Partners Inc The CEO's salary of Grassroots Business Partners Inc is $99,761 and their total compensation is $105,405.
Official website here: www.gbfund.org
What is the revenue of Grassroots Business Partners Inc?
Grassroots Business Partners Inc's revenue in 2023 was $5,368,779.
Official website here: www.gbfund.org
Who are the executives of Grassroots Business Partners Inc and what are their salaries?
The average compensation at Grassroots Business Partners Inc during 2023 was $139,872. There are 4 employees and 8 volunteers at Grassroots Business Partners Inc.
Here are 8 key members and their salaries (Grassroots Business Partners Inc's CEO's salary is $99,761 and their total compensation is $105,405):
- Compensation: $113,499
- Related: $0
- Other: $12,423
- Compensation: $99,761
- Related: $0
- Other: $5,644
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $111,054
- Related: $0
- Other: $15,836
Official website here: www.gbfund.org
Where can I find the form 990 for Grassroots Business Partners Inc?
Grassroots Business Partners Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gbfund.org
Learn more at the official website: www.gbfund.org
Mission Statement of Grassroots Business Partners Inc
Grassroots Business Partners Inc, operating under the name Grassroots Business Fund, is committed to creating a world where economic opportunity is accessible to all, particularly individuals with low income residing in Africa, Asia, and Latin America. The organization's mission is to foster the growth of sustainable and viable businesses in these regions. By doing so, Grassroots Business Partners Inc aims to generate earnings or savings for these communities, contributing to their overall economic development.
Grassroots Business Fund is actively involved in shaping the impact investing field by collaborating with partner organizations, pioneering new initiatives, and disseminating lessons learned to a wider audience. As a member of various working groups focusing on impact assessment, the development of impact funds, and careers in impact investing, Grassroots Business Partners Inc plays a significant role in building this sector. As the organization grows, its continued focus on disseminating information about the successes and lessons learned in impact investing becomes increasingly crucial for the advancement of the field.
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Impact
October, 2024
Grassroots Business Partners Inc plays a pivotal role in fostering sustainable economic growth and empowering communities across Africa, Asia, and Latin America. By focusing on the development of viable and inclusive businesses, the organization directly contributes to generating earnings and cost savings for individuals with low incomes in these regions.
Through impactful initiatives and strategic partnerships, Grassroots Business Partners is instrumental in building the field of impact investing. This includes piloting new programs aimed at enhancing business viability, sharing lessons learned, and collaborating with various working groups on critical topics such as impact assessment and the creation of impact funds. Their involvement in these areas not only strengthens the businesses they support but also contributes to the broader narrative of economic opportunity in underserved communities.
The organization’s commitment to disseminating knowledge and best practices further amplifies its impact, as it equips entrepreneurs and investors with the tools necessary to succeed. By fostering an environment where economic opportunity can flourish, Grassroots Business Partners Inc is making strides in creating a more equitable global economy.
This information is meant to be a general summary of Grassroots Business Partners 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 2023.
- Program Service Revenue: $324,867
- Gross Receipts: $5,368,779
Assets and Liabilities:
- Total Assets: $3,903,821
- Total Liabilities: $7,320,949
- Net Assets: -$3,417,128
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$215,482
CONSULTING SERVICES
Revenue
$109,385
Organization Details
Founding Year
2007
Principal Officer
Harold Rosen
Website
www.gbfund.orgNTEE Category
Code: Q32 - International
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