Overview
What is Native360 Loan Fund Inc?
Native360 Loan Fund Inc, situated in Grand Island, Nebraska, is a nonprofit organization dedicated to empowering the Ponca Tribe of Nebraska and other Native American communities. Their primary goal is to assist individuals seeking to establish, maintain, or expand small businesses. They achieve this through various means, including workshops, seminars, web-based services, help with writing business plans, credit repair services, entrepreneurial training, and web-based technical assistance. By addressing barriers that hinder the successful development of micro businesses, Native360 Loan Fund Inc aims to foster self-sufficiency among its clients. Furthermore, the organization offers affordable credit and capital, as well as additional technical assistance and programs, to encourage and support Native American entrepreneurs in their journey towards becoming successful business owners.
Official website here: www.native360.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Native360 Loan Fund Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and finance. With an overall score derived entirely from its Accountability & Finance beacon, the organization demonstrates high standards in areas such as board independence and financial audits. It received full marks in key aspects, including having a majority of independent board members and a clean audit with no material diversions of assets.
The nonprofit shows a strong program expense ratio of 90.39%, indicating that a significant portion of its resources is directed towards its programs. Additionally, it has implemented essential policies, such as conflict of interest procedures, which contribute positively to its governance framework. However, the absence of a whistleblower policy and document retention guidelines could be seen as areas needing improvement to enhance its accountability further.
While the organization performs well overall, the missing whistleblower policy may raise some concerns about transparency and risk management. Addressing these gaps could strengthen its credibility and further improve its standing in the nonprofit sector. Overall, Native360 Loan Fund Inc presents a reliable option for donors looking to support a financially responsible organization focused on serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Native360 Loan Fund Inc legitimate?
Native360 Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Native360 Loan Fund 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: $189,430
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,996
For more financial information, click here
Official website here: www.native360.org
What is the mission statement of Native360 Loan Fund Inc?
Native360 Loan Fund Inc's mission is centered around providing affordable credit, capital, technical assistance, and programs to Ponca Tribal members and other Native Americans. This initiative aims to empower these individuals to become self-sufficient business owners. The organization offers training and technical assistance to help Tribal members start, maintain, or expand their small businesses. This assistance includes workshops, seminars, web-based services, aid in writing business plans, credit repair services, entrepreneurial training, and web-based technical assistance, among other support. Native360 Loan Fund Inc also provides loans to those who participate in its training and assistance programs, working to overcome barriers limiting the successful development of micro businesses.
Official website here: www.native360.org
Who is the CEO of Native360 Loan Fund Inc?
Rory Bowen is the Treasurer of Native360 Loan Fund Inc.
Official website here: www.native360.org
What is the revenue of Native360 Loan Fund Inc?
Native360 Loan Fund Inc's revenue in 2022 was $2,068,660.
Official website here: www.native360.org
Who are the executives of Native360 Loan Fund Inc and what are their salaries?
The average compensation at Native360 Loan Fund Inc during 2022 was $144,213. There are 2 employees at Native360 Loan Fund Inc.
Here are 6 key members and their salaries:
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Official website here: www.native360.org
Where can I find the form 990 for Native360 Loan Fund Inc?
Native360 Loan Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.native360.org
Learn more at the official website: www.native360.org
Mission Statement of Native360 Loan Fund Inc
Native360 Loan Fund Inc, as a mission-driven organization, is dedicated to providing affordable credit, capital, technical assistance, and programs to Ponca Tribal members and other Native Americans. The primary goal is to encourage these individuals to become self-sufficient business owners. Through various means, Native360 Loan Fund Inc aims to empower its beneficiaries, offering workshops, seminars, web-based services, assistance in writing business plans, credit repair services, entrepreneurial training, and web-based technical assistance. This support helps address the barriers limiting the successful development of micro businesses. Additionally, First Ponca Financial, an arm of Native360 Loan Fund Inc, makes loans to those who participate in its training and assistance programs. In essence, the organization's mission is to foster business growth and self-sufficiency among Ponca Tribal members and other Native Americans, equipping them with the necessary tools and resources to thrive in the entrepreneurial world.
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Impact
October, 2024
Native360 Loan Fund Inc. plays a pivotal role in empowering Ponca Tribal members and other Native Americans by providing essential resources that foster entrepreneurship and self-sufficiency. By offering affordable credit and capital, the organization facilitates access to financial support crucial for starting, maintaining, and expanding small businesses.
In addition to financial assistance, Native360 Loan Fund Inc. emphasizes the importance of education and training. Through workshops, seminars, and web-based resources, participants gain valuable skills in business planning, credit repair, and entrepreneurial training. This comprehensive approach addresses the barriers that often hinder the success of micro-businesses, equipping individuals with the knowledge and confidence to thrive in competitive markets.
By focusing on technical assistance and community improvement, Native360 Loan Fund Inc. not only enhances the economic prospects of individuals but also contributes to the overall development and stability of the communities it serves. This holistic support system encourages a new generation of strong and self-sufficient business owners, ultimately fostering economic resilience within Native American communities.
This information is meant to be a general summary of Native360 Loan Fund 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.
- Program Service Revenue: $247,231
- Gross Receipts: $2,068,660
Assets and Liabilities:
- Total Assets: $9,822,882
- Total Liabilities: $3,859,143
- Net Assets: $5,963,739
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$247,231
Organization Details
Founding Year
2011
Principal Officer
Rory Bowen
Main Address
2550 N DIERS AVE SUITE K, GRAND ISLAND, NE, 68803
Website
www.native360.orgNTEE Category
Code: S32 - Community improvement
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