Overview
What is Fund For Our Economic Future Of Northeast Ohio?
The Fund for Our Economic Future of Northeast Ohio is a dedicated nonprofit organization situated in Cleveland, Ohio. Their primary focus is to stimulate economic growth and ensure equitable access to opportunities within the region. They achieve this through various programs. Firstly, they offer Growth and Opportunity Grants to organizations that foster job creation, job preparation, and job access in Northeast Ohio. Secondly, they provide support for the development of a shared regional economic strategy, promoting equitable growth and opportunity. Lastly, they engage in civic understanding, encouraging community engagement, measurement, and research grants. With a team of eight dedicated individuals, the Fund for Our Economic Future of Northeast Ohio serves as a collaborative space for philanthropists and civic leaders, working towards long-term, systemic change for a prosperous Northeast Ohio.
Official website here: www.thefundneo.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 100% (Four-Star out of Four Stars)**
The Fund For Our Economic Future Of Northeast Ohio has achieved an impressive Four-Star rating from Charity Navigator, signifying top-notch accountability and financial management. With a perfect score in Accountability & Finance, the organization demonstrates strong governance, including an independent board and comprehensive financial oversight practices, which instills confidence in its operational integrity.
Strengths of the organization are highlighted by its two key financial ratios, showcasing an exemplary program expense ratio of nearly 90% and a fundraising efficiency ratio that indicates effective use of resources. Additionally, a stable working capital ratio ensures that the organization maintains fiscal health to support its initiatives. The absence of asset diversions and transparent policies for governance further enhances its credibility.
However, the organization has limitations regarding external evaluations, as it currently lacks sufficient data for assessments in Impact & Measurement, Culture & Community, and Leadership & Adaptability methodologies. This gap may leave potential donors wanting for insights into the broader impacts of the organization’s work. User reviews from GreatNonprofits could not be retrieved, leaving an opportunity for stakeholder experiences unexamined.
Is Fund For Our Economic Future Of Northeast Ohio legitimate?
Fund For Our Economic Future Of Northeast Ohio is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fund For Our Economic Future Of Northeast Ohio 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: $351,084
Professional Fundraising Fees: $0
Other Salaries and Wages: $355,341
For more financial information, click here
Official website here: www.thefundneo.org
What is the mission statement of Fund For Our Economic Future Of Northeast Ohio?
The Fund for Our Economic Future of Northeast Ohio is committed to promoting economic growth and ensuring equitable access to opportunities for the local population. Operating as a collaborative space for philanthropic funders and civic leaders, the organization aims to implement effective strategies that foster equitable economic growth, emphasizing systemic and long-term change. Their program services include providing grants for job creation, job preparation, and job access, supporting the development of a shared regional economic competitiveness strategy, and funding research and community engagement projects that help measure and understand growth and opportunity in the area.
Official website here: www.thefundneo.org
Who is the CEO of Fund For Our Economic Future Of Northeast Ohio?
Bethia Cullis is the President of Fund For Our Economic Future Of Northeast Ohio.
Official website here: www.thefundneo.org
What is the revenue of Fund For Our Economic Future Of Northeast Ohio?
Fund For Our Economic Future Of Northeast Ohio's revenue in 2022 was $7,638,594.
Official website here: www.thefundneo.org
Who are the executives of Fund For Our Economic Future Of Northeast Ohio and what are their salaries?
The average compensation at Fund For Our Economic Future Of Northeast Ohio during 2022 was $88,303. There are 8 employees and 39 volunteers at Fund For Our Economic Future Of Northeast Ohio.
Here are 42 key members and their salaries:
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- Compensation: $15,194
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Official website here: www.thefundneo.org
Where can I find the form 990 for Fund For Our Economic Future Of Northeast Ohio?
Fund For Our Economic Future Of Northeast Ohio's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thefundneo.org
Learn more at the official website: www.thefundneo.org
Mission Statement of Fund For Our Economic Future Of Northeast Ohio
The Fund for Our Economic Future of Northeast Ohio is an initiative dedicated to promoting economic growth and ensuring equitable access to opportunities for the people residing in the region. This organization serves as a creative platform for philanthropic funders and civic leaders, fostering a collaborative space to explore and implement strategies that contribute to equitable economic growth. Emphasizing systemic, long-term change, the Fund for Our Economic Future strives to create an environment that fosters job creation, job preparation, and job access, ultimately benefiting the local community. The organization also supports the development of a shared regional economic competitiveness strategy, which aims to strengthen equitable growth and opportunities for all. By providing grant funding for community engagement, measurement and research, the Fund for Our Economic Future of Northeast Ohio actively contributes to a deeper understanding of growth and opportunity within the region, ultimately driving positive change.
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Impact
October, 2024
The Fund For Our Economic Future of Northeast Ohio significantly influences the region's economic landscape by focusing on equitable growth and increasing access to opportunities for its residents. Through initiatives like Growth and Opportunity Grants, the Fund empowers organizations dedicated to job creation, preparation, and access, thereby directly enhancing employment prospects in the area.
By fostering a collaborative environment for philanthropic funders and civic leaders, the Fund supports the development of a shared regional economic competitiveness strategy. This strategic approach not only aims to stimulate economic growth but also emphasizes fairness and inclusivity, ensuring that marginalized communities benefit from new opportunities.
Additionally, the Fund promotes civic understanding and engagement within the community, facilitating research and measurement efforts that help track progress and inform future initiatives. This holistic model encourages systemic, long-term change, positioning Northeast Ohio for enhanced economic resilience and a more equitable future for all its residents.
This information is meant to be a general summary of Fund For Our Economic Future Of Northeast Ohio. 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: $75
- Gross Receipts: $7,638,594
Assets and Liabilities:
- Total Assets: $9,584,992
- Total Liabilities: $700,396
- Net Assets: $8,884,596
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Organization Details
Founding Year
2009
Phone
(216) 456-9800Principal Officer
Bethia Cullis
Main Address
4415 Euclid Ave Suite 203, Cleveland, OH, 44103
Website
www.thefundneo.orgNTEE Category
Code: S12 - Community improvement
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