Overview
What is Geauga Growth Partnership Inc?
Geauga Growth Partnership Inc is a nonprofit organization situated in Newbury, Ohio. Its primary mission is to enhance the economic climate of Geauga County by attracting new businesses, supporting existing ones, and preparing the workforce of the future. To achieve this goal, the organization offers various programs. These include adult workforce education and skill development, youth workforce education and career awareness/readiness programs, youth internship programs, educator career awareness programs, business support and development sessions, entrepreneur enrichment activities, and coordination of roundtable support networks. Geauga Growth Partnership Inc also hosts CEO peer advisory groups and networking events, in addition to coordinating business retention and expansion visits, utilizing a shared, county-wide database with local economic development professionals. With a team of 11 employees, Geauga Growth Partnership Inc is dedicated to fostering a thriving economic environment in Geauga County.
Official website here: www.geaugagrowth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Geauga Growth Partnership Inc has earned a Two-Star rating due to its overall score of 73%. The organization demonstrates strong governance with 95% of its board members being independent, which is a positive indicator of accountability. Additionally, the organization has shown a solid program expense ratio of 77.54%, suggesting that a significant portion of its resources is directed towards its programs rather than administrative costs.
However, there are notable areas of concern that have impacted its rating. The nonprofit has not made its financial statements available, receiving zero points in that category, which raises questions about transparency. Furthermore, it lacks critical policies such as a whistleblower policy and a document retention and destruction policy, which are important for organizational integrity and accountability.
Overall, while Geauga Growth Partnership Inc has strengths in board independence and program spending, the absence of essential financial disclosures and governing policies signifies areas for improvement in governance practices and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Geauga Growth Partnership Inc legitimate?
Geauga Growth Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Geauga Growth Partnership 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: $94,483
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,683
For more financial information, click here
Official website here: www.geaugagrowth.com
What is the mission statement of Geauga Growth Partnership Inc?
Geauga Growth Partnership Inc's mission is centered around enhancing the economic climate. The organization aims to achieve this by attracting new businesses, supporting existing ones, and preparing the workforce of the future. To fulfill this mission, Geauga Growth Partnership Inc provides various programs including adult workforce education and skill development, youth workforce education and career awareness/readiness programs, youth internship programs, educator career awareness programs, business support and development sessions, entrepreneur enrichment activities, roundtable support networks, CEO peer advisory groups, and networking events. The organization also coordinates business retention and expansion visits, utilizing a shared county-wide database in collaboration with local economic development professionals.
Official website here: www.geaugagrowth.com
Who is the CEO of Geauga Growth Partnership Inc?
Kimm Leininger is the Director of Geauga Growth Partnership Inc.
Official website here: www.geaugagrowth.com
What is the revenue of Geauga Growth Partnership Inc?
Geauga Growth Partnership Inc's revenue in 2022 was $532,117.
Official website here: www.geaugagrowth.com
Who are the executives of Geauga Growth Partnership Inc and what are their salaries?
The average compensation at Geauga Growth Partnership Inc during 2022 was $24,651. There are 11 employees and 60 volunteers at Geauga Growth Partnership Inc.
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Official website here: www.geaugagrowth.com
Where can I find the form 990 for Geauga Growth Partnership Inc?
Geauga Growth Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.geaugagrowth.com
Learn more at the official website: www.geaugagrowth.com
Mission Statement of Geauga Growth Partnership Inc
Geauga Growth Partnership Inc, a nonprofit organization, is committed to enhancing the economic climate in its local community. Its mission is multifaceted, encompassing three key areas: attracting new businesses, supporting existing businesses, and preparing the workforce of the future. This mission is carried out through various programs designed to foster a thriving economic environment.
The organization offers adult workforce education and skill development programs, aiming to equip the local workforce with the necessary skills to adapt to changing job requirements. Additionally, Geauga Growth Partnership Inc provides youth workforce education and career awareness/readiness programs to help young individuals understand the world of work and prepare for future employment opportunities. The organization also runs a youth internship program, offering practical work experience to students, thereby bridging the gap between education and employment.
Furthermore, Geauga Growth Partnership Inc supports educators by raising awareness about career opportunities, thereby enabling them to better guide their students. To enhance entrepreneurship, the organization provides enrichment activities and coordinates roundtable support networks, offering a platform for entrepreneurs to learn from each other and share experiences. Geauga Growth Partnership Inc also organizes CEO peer advisory groups and networking events, fostering a sense of community among local business leaders.
In summary, Geauga Growth Partnership Inc is a vital player in its community's economic development. Its mission is to create an environment that attracts new businesses, supports existing ones, and prepares the workforce of the future. The organization achieves this through a range of programs that cater to various segments of the local workforce, from students to entrepreneurs and educators.
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Impact
July, 2024
Geauga Growth Partnership Inc's impact is notable in enhancing the economic climate in Geauga County. By attracting new businesses, supporting existing businesses, and preparing the future workforce, Geauga Growth Partnership Inc plays a pivotal role in fostering economic growth and development in the region. Through programs such as adult workforce education, youth career awareness programs, internships, business support sessions, and more, the organization actively contributes to the overall improvement of the community. Geauga Growth Partnership Inc's dedication to business retention and expansion, along with its collaborative approach with local economic development professionals, further solidify its position as a key player in driving economic prosperity in Geauga County.
This information is meant to be a general summary of Geauga Growth Partnership 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.
- Investment Income: -$30,966
- Program Service Revenue: $126,133
- Gross Receipts: $581,681
Assets and Liabilities:
- Total Assets: $712,481
- Total Liabilities: $0
- Net Assets: $712,481
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL CLASSES
Revenue
$95,570
SPONSORSHIPS
Revenue
$30,563
Organization Details
Founding Year
2010
Phone
(440) 564-1060Principal Officer
Kimm Leininger
Main Address
12373 KINSMAN ROAD SUITE 1-9, NEWBURY, OH, 44065
Website
www.geaugagrowth.comNTEE Category
Code: S30 - Community improvement
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