Overview
What is Northfield Shares?
Northfield Shares is a nonprofit organization situated in Northfield, Minnesota, with a postal address at 205 WATER ST S PO BOX 802. Their mission is to strengthen and transform the Northfield community by fostering philanthropy, encouraging volunteerism, and promoting collaborative leadership. This involves receiving, maintaining, and disbursing funds for the benefit of the community. With a dedicated workforce of five individuals, Northfield Shares plays a crucial role in advancing various community initiatives and projects.
Official website here: www.northfieldshares.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Northfield Shares has achieved an impressive score of 97%, reflecting a strong commitment to accountability and finance, which constitutes its entire rating. The charity boasts a fully independent board with 17 members, showcasing governance that emphasizes transparency and oversight. Furthermore, there are no reported material diversions of assets, indicating prudent management of resources.
The organization has established comprehensive policies including conflict of interest, whistleblower protections, and document retention, all of which contribute to its robust operational framework. Additionally, Northfield Shares shows a solid program expense ratio of 84.44%, demonstrating that a significant portion of its resources is directed towards its charitable activities. Overall, the strong governance practices and financial accountability underscore the charity's reliability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Northfield Shares legitimate?
Northfield Shares is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northfield Shares 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
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Other Salaries and Wages: $91,156
For more financial information, click here
Official website here: www.northfieldshares.org
What is the mission statement of Northfield Shares?
Northfield Shares, as an organization, aims to maintain and transform its community by fostering philanthropy, encouraging volunteerism, and promoting collaborative leadership. Its mission is to sustain the community's well-being by receiving, managing, and distributing funds benefiting the broader Northfield area.
Official website here: www.northfieldshares.org
Who is the CEO of Northfield Shares?
Marylynn Oglesbee is the Ec, Chair of Northfield Shares.
Official website here: www.northfieldshares.org
What is the revenue of Northfield Shares?
Northfield Shares's revenue in 2022 was $477,542.
Official website here: www.northfieldshares.org
Who are the executives of Northfield Shares and what are their salaries?
The average compensation at Northfield Shares during 2022 was $18,231. There are 5 employees and 30 volunteers at Northfield Shares.
Here are 17 key members and their salaries:
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Official website here: www.northfieldshares.org
Where can I find the form 990 for Northfield Shares?
Northfield Shares's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northfieldshares.org
Learn more at the official website: www.northfieldshares.org
Mission Statement of Northfield Shares
Northfield Shares, as an organization, is committed to sustaining and transforming its community by promoting philanthropy, inspiring volunteerism, and fostering collaborative leadership. By doing so, it aims to make a significant impact on the greater Northfield community. The mission of Northfield Shares is multifaceted, with a primary focus on advancing philanthropy. This involves receiving, maintaining, and disbursing funds to benefit various sectors within the community. By encouraging philanthropy, Northfield Shares plays a crucial role in supporting local initiatives and projects that align with its mission.
In addition to its philanthropic efforts, Northfield Shares also seeks to inspire volunteerism within the community. This means that it encourages individuals to donate their time and skills to support causes they care about. By promoting volunteerism, Northfield Shares fosters a sense of community engagement and empowerment, allowing residents to contribute positively to their neighborhoods. Furthermore, Northfield Shares encourages collaborative leadership, bringing together different stakeholders to work towards common goals. This approach promotes unity and cooperation among community members, ultimately leading to more effective and sustainable solutions for local challenges.
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Impact
July, 2024
Northfield Shares makes a significant impact on the community of Northfield by advancing philanthropy, inspiring volunteerism, and promoting collaborative leadership. Through their efforts, they play a vital role in sustaining and transforming the Northfield community. Their work involves receiving, maintaining, and disbursing funds for the benefit of the greater Northfield community, ensuring that resources are distributed effectively to address local needs. By fostering a culture of giving and volunteerism, Northfield Shares encourages residents to actively contribute to the betterment of their community, creating a more vibrant and supportive environment for all.
This information is meant to be a general summary of Northfield Shares. 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: $127,738
- Program Service Revenue: $3,457
- Gross Receipts: $482,387
Assets and Liabilities:
- Total Assets: $5,894,936
- Total Liabilities: $468,579
- Net Assets: $5,426,357
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES
Revenue
$3,457
Organization Details
Founding Year
2010
Phone
(507) 403-9755Principal Officer
Marylynn Oglesbee
Main Address
205 WATER ST S PO BOX 802, NORTHFIELD, MN, 55057
Website
www.northfieldshares.orgNTEE Category
Code: T30 - Philanthropy
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