Overview
What is Right Place Foundation?
The Right Place Foundation is a nonprofit organization situated in Grand Rapids, Michigan, specifically at 125 Ottawa Ave NW STE 450. Its primary mission is to alleviate the burden of economic development services for the local government in and around Kent County, Michigan. This includes Grand Rapids and various townships. The foundation achieves this by soliciting, receiving, and administering funds exclusively for charitable purposes. Additionally, it supports the Right Place Inc. and the Research and Technology Institute of West Michigan through contributions and grants, playing a role in retaining, expanding, and attracting businesses in the Greater Grand Rapids area.
Official website here: www.rightplace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Right Place Foundation has achieved an impressive 97% score on Charity Navigator, reflecting its strong performance in accountability and finance. This rating highlights the organization's commitment to transparency and responsible management of funds, which is vital for donor trust and support.
The foundation demonstrates exceptional governance with a 91% independent board, ensuring decisions are made in the best interest of its mission. Additionally, the organization has no material diversion of assets, and its program expense ratio is notably high at 98.93%, indicating that nearly all funds are allocated directly to its programs.
Overall, while the foundation excels in various financial metrics and governance practices, it is important for potential donors to consider how these high scores translate into the impact of its programs. Nonetheless, the strong accountability measures in place position the Right Place Foundation as a trustworthy organization for those seeking to make a meaningful contribution.
This AI summary has been generated from information found on Charity Navigator.
Is Right Place Foundation legitimate?
Right Place Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Right Place Foundation 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.rightplace.org
What is the mission statement of Right Place Foundation?
The Right Place Foundation's mission is to alleviate the responsibilities of local governments in Kent County, Michigan, by offering economic development services that they would otherwise have to undertake themselves. Additionally, the foundation aims to collect and manage funds exclusively for charitable purposes, contributing to the betterment of these communities. By performing these services and administering funds, the Right Place Foundation aims to lessen the financial burden on local governments.
Official website here: www.rightplace.org
Who is the CEO of Right Place Foundation?
Randy Thelen is the President of Right Place Foundation.
Official website here: www.rightplace.org
What is the revenue of Right Place Foundation?
Right Place Foundation's revenue in 2022 was $487,480.
Official website here: www.rightplace.org
Who are the executives of Right Place Foundation and what are their salaries?
There 11 volunteers at Right Place Foundation.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $483,175
- Other: $49,666
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
- Related: $233,348
- Other: $29,930
Official website here: www.rightplace.org
Where can I find the form 990 for Right Place Foundation?
Right Place Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rightplace.org
Learn more at the official website: www.rightplace.org
Mission Statement of Right Place Foundation
The Right Place Foundation, as a nonprofit organization, is dedicated to alleviating the responsibilities of local governments in Kent County, Michigan, including Grand Rapids and surrounding townships. By performing economic development services, the Right Place Foundation steps in to carry out tasks that these entities would typically handle themselves. Moreover, the foundation seeks to secure and manage funds exclusively for charitable purposes, contributing to the overall betterment of the community.
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Impact
July, 2024
The Right Place Foundation's impact can be seen in its efforts to support economic development services in Kent County, specifically for the City of Grand Rapids and surrounding local government units. By performing these services, the foundation aims to lessen the burdens on government agencies that would otherwise provide such services themselves. Additionally, the foundation solicits, receives, and administers funds exclusively for these charitable purposes.
Through its support of activities to retain, expand, and attract businesses in the greater Grand Rapids area, the Right Place Foundation plays a vital role in promoting economic growth and prosperity in the region. By providing grants to organizations like the Right Place Inc. and the Research and Technology Institute of West Michigan, the foundation contributes to the overall improvement of the community and helps create a more vibrant and sustainable economic environment.
Overall, the Right Place Foundation's focus on economic development and community improvement has a significant impact on Kent County and the City of Grand Rapids, ultimately working towards building a stronger and more prosperous local economy for the benefit of all residents.
This information is meant to be a general summary of Right Place Foundation. 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.
- Gross Receipts: $487,480
Assets and Liabilities:
- Total Assets: $1,420,582
- Total Liabilities: $155,200
- Net Assets: $1,265,382
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Organization Details
Founding Year
2010
Phone
(616) 771-0325Principal Officer
Randy Thelen
Main Address
125 OTTAWA AVE NW STE 450, GRAND RAPIDS, MI, 495032837
Website
www.rightplace.orgNTEE Category
Code: S11 - Community improvement
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