Overview
What is Locus Impact Investing?
Locus Impact Investing is a nonprofit organization based in Richmond, Virginia, situated at 7814 Carousel Lane, 23294. Their primary mission is to empower place-focused institutions to invest their capital locally, fostering prosperous and vibrant communities within the state of Virginia. They administer grants to small businesses through the Rebuild Virginia initiative on behalf of the state. By encouraging local investment, Locus Impact Investing aims to strengthen and revitalize communities, adding value to the places they serve.
Official website here: www.locusimpactinvesting.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Locus Impact Investing has received an overall rating of 83% from Charity Navigator, indicating a solid level of accountability and financial health. The organization excels in governance aspects, showcasing a fully independent board and strong financial oversight practices. Their policies on conflicts of interest, whistleblowing, and document retention are well established, contributing to their effective management.
However, while the charity scores highly on program expense ratio at 94.73%, demonstrating a strong commitment to their mission, their liabilities to assets ratio at 67.12% suggests some financial vulnerability. This could raise concerns about their long-term sustainability and capacity to handle unexpected challenges.
Overall, Locus Impact Investing displays a commendable performance in governance and program spending, but potential donors may want to consider the implications of their financial ratios when evaluating their overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Locus Impact Investing legitimate?
Locus Impact Investing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Locus Impact Investing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.locusimpactinvesting.org
What is the mission statement of Locus Impact Investing?
Locus Impact Investing is dedicated to empowering institutions to invest their capital locally, working towards the creation of more prosperous and vibrant communities. By enabling place-focused institutions to channel their funds into local economies, Locus Impact Investing aims to foster sustainable growth and development. The organization's activities may include providing resources, guidance, and platforms for institutions to connect with local investment opportunities, promoting the benefits of local investing, and advocating for policies that encourage community investment. Locus Impact Investing's mission is to facilitate meaningful and long-term impact in the places where capital is invested, contributing to the overall well-being of communities and their residents.
Official website here: www.locusimpactinvesting.org
Who is the CEO of Locus Impact Investing?
Amir Kirkwood is the CEO of Locus Impact Investing The CEO's salary of Locus Impact Investing is $0 and their total compensation is $400,420.
Official website here: www.locusimpactinvesting.org
What is the revenue of Locus Impact Investing?
Locus Impact Investing's revenue in 2023 was $0.
Official website here: www.locusimpactinvesting.org
Who are the executives of Locus Impact Investing and what are their salaries?
Here are 16 key members and their salaries (Locus Impact Investing's CEO's salary is $0 and their total compensation is $400,420):
- Compensation: $0
- Related: $13,700
- Other: $0
- Compensation: $0
- Related: $14,850
- Other: $0
- Compensation: $0
- Related: $10,550
- Other: $0
- Compensation: $0
- Related: $13,700
- Other: $0
- Compensation: $0
- Related: $17,450
- Other: $0
- Compensation: $0
- Related: $12,300
- Other: $0
- Compensation: $0
- Related: $15,750
- Other: $0
- Compensation: $0
- Related: $14,700
- Other: $0
- Compensation: $0
- Related: $16,100
- Other: $0
- Compensation: $0
- Related: $12,000
- Other: $0
- Compensation: $0
- Related: $11,400
- Other: $0
- Compensation: $0
- Related: $1,000
- Other: $0
- Compensation: $0
- Related: $252,327
- Other: $15,120
- Compensation: $0
- Related: $85,320
- Other: $9,085
- Compensation: $0
- Related: $133,677
- Other: $24,694
- Compensation: $0
- Related: $379,132
- Other: $21,288
Official website here: www.locusimpactinvesting.org
Where can I find the form 990 for Locus Impact Investing?
Locus Impact Investing's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.locusimpactinvesting.org
Learn more at the official website: www.locusimpactinvesting.org
Mission Statement of Locus Impact Investing
Locus Impact Investing, a mission-driven organization, strives to empower place-focused institutions to invest their capital locally. By doing so, Locus Impact Investing aims to build more prosperous and vibrant communities. The organization believes in the potential of community investments to bring about significant change and improvement in the areas where they are made.
Through its initiatives, Locus Impact Investing empowers institutions to channel their capital towards local projects and businesses. This approach not only stimulates economic growth but also fosters community development and social impact. By investing locally, these institutions can contribute to the creation of sustainable jobs, the revitalization of neighborhoods, and the enhancement of the overall quality of life in the communities they serve.
Rebuild Virginia, a program administered by Locus Impact Investing for the State of Virginia, exemplifies the organization's mission in action. This program deploys grants to small businesses, providing them with the necessary financial support to thrive and contribute to their local economies. By investing in these businesses, Locus Impact Investing and the State of Virginia are not only helping to create jobs and stimulate economic growth but also fostering resilient and vibrant communities.
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Impact
October, 2024
Locus Impact Investing empowers place-focused institutions to invest their capital locally, fostering the development of more prosperous and vibrant communities. By facilitating investments within the local economy, Locus Impact Investing enhances community resilience and drives sustainable growth.
Through initiatives like Rebuild Virginia, which administers grants to small businesses, the organization directly contributes to the economic revitalization of communities in the state. This support is crucial for building strong local networks and ensuring that resources circulate within the area, creating jobs and opportunities for residents. Their focus on food and other critical sectors helps to nourish local economies, ensuring that investments lead to tangible improvements in the quality of life for community members.
By emphasizing local investment, Locus Impact Investing not only stimulates economic activity but also strengthens social cohesion and community investment, making Richmond, VA, and beyond, more vibrant and resilient places to live and work.
This information is meant to be a general summary of Locus Impact Investing. 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.
- Investment Income: $46,952
- Program Service Revenue: $15,216,238
- Gross Receipts: $17,238,118
Assets and Liabilities:
- Total Assets: $16,542,257
- Total Liabilities: $11,104,515
- Net Assets: $5,437,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REBUILD VIRGINIA
Revenue
$14,257,319
TRAINING AND RESEARCH
Revenue
$958,919
Organization Details
Founding Year
2008
Principal Officer
Amir Kirkwood
Website
www.locusimpactinvesting.orgNTEE Category
Code: K20 - Food
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