Overview
What is Washington State Microenterprise As?
Washington State Microenterprise As, also known as WSMA, is a nonprofit organization located in Olympia, Washington. Their primary purpose is to bolster the capacities and networks of Microenterprise Development Organizations (MDOs) that support small businesses with five or fewer employees across Washington State. By doing so, they aim to strengthen the economic development systems that foster the growth of robust and effective MDOs. WSMA achieves this goal by building a coalition of organizations, agencies, and individuals, as well as providing grants and capacity-building resources. The organization, with a small team of three employees, plays a significant role in supporting the growth and success of microenterprises in Washington State.
Official website here: www.wamicrobiz.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while the Washington State Microenterprise Association demonstrates some strengths in accountability and financial management, there are notable areas requiring improvement. The organization's high program expense ratio of 99.69% suggests that nearly all of its expenditures are directed towards its programs, which is a positive indicator for donors.
A significant strength highlighted is the board's governance, with 100% independent board members and a well-sized board that meets best practices. However, there are critical gaps in the nonprofit's policies, including the absence of a whistleblower policy and a document retention and destruction policy. Additionally, the tax form is not available on the nonprofit's website, which raises concerns about transparency.
Overall, while the organization shows strong financial stewardship and a commitment to its mission, the lack of certain governance policies and transparency measures could deter potential donors looking for comprehensive accountability. It is recommended that the Washington State Microenterprise Association address these weaknesses to improve its overall rating and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Washington State Microenterprise As legitimate?
Washington State Microenterprise As is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington State Microenterprise As 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: $110,328
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,269
For more financial information, click here
Official website here: www.wamicrobiz.org
What is the mission statement of Washington State Microenterprise As?
Washington State Microenterprise As has a mission to strengthen the economic development systems that foster the growth of robust and effective microenterprise development organizations. This is achieved by building a coalition of organizations, agencies, and individuals. The organization provides capacity building, networking opportunities, and grants to Microenterprise Development Organizations (MDOs) that support businesses with five or fewer employees across Washington State, aiming to support the growth of these small businesses.
Official website here: www.wamicrobiz.org
Who is the CEO of Washington State Microenterprise As?
Lisa Smith is the Executive Director of Washington State Microenterprise As.
Official website here: www.wamicrobiz.org
What is the revenue of Washington State Microenterprise As?
Washington State Microenterprise As's revenue in 2022 was $821,289.
Official website here: www.wamicrobiz.org
Who are the executives of Washington State Microenterprise As and what are their salaries?
The average compensation at Washington State Microenterprise As during 2022 was $58,866. There are 3 employees and 15 volunteers at Washington State Microenterprise As.
Here are 4 key members and their salaries:
- Compensation: $110,328
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wamicrobiz.org
Where can I find the form 990 for Washington State Microenterprise As?
Washington State Microenterprise As's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wamicrobiz.org
Learn more at the official website: www.wamicrobiz.org
Mission Statement of Washington State Microenterprise As
Washington State Microenterprise As, in its mission, aims to reinforce the economic development systems that foster the growth of robust and efficient microenterprise development organizations. This is accomplished by building a coalition of various organizations, agencies, and individuals to collaborate and support these organizations. The primary objective is to bolster the capabilities and effectiveness of Microenterprise Development Organizations (MDOs) that cater to businesses with a maximum of five employees across Washington State. The organization provides capacity building, networking opportunities, and grants to these MDOs, thereby contributing to the overall economic development of the state.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Washington State Microenterprise Association has a significant impact on local economies by fostering the growth of microenterprises across the state. By building a coalition of organizations, agencies, and individuals, it strengthens the economic development systems that support microenterprise development organizations (MDOs).
The association provides essential capacity building, networking opportunities, and grants to MDOs, enabling them to effectively support small businesses with five or fewer employees. This targeted support helps these microenterprises thrive, creating jobs and promoting economic stability in communities.
By investing in the development of MDOs, Washington State Microenterprise Association enhances the overall entrepreneurial ecosystem, empowering individuals to start and sustain small businesses that contribute to community improvement and economic resilience throughout the state.
This information is meant to be a general summary of Washington State Microenterprise As. 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: $821,289
Assets and Liabilities:
- Total Assets: $30,450
- Total Liabilities: $12,255
- Net Assets: $18,195
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2005
Principal Officer
Lisa Smith
Main Address
PO BOX 1914, OLYMPIA, WA, 985071914
Website
www.wamicrobiz.orgNTEE Category
Code: S43 - Community improvement
If you are a representative of Washington State Microenterprise As and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.