Overview
What is Fort Wayne Urban Enterprise Association Inc?
Fort Wayne Urban Enterprise Association Inc, located at 1830 Wayne Trace, Fort Wayne, Indiana 46803, is a nonprofit organization committed to promoting economic prosperity within the community. They achieve this goal by supporting equitable business growth and ensuring the availability of stable jobs. They accomplish this through their Small Business Development program, which has distributed over $315,000 in funding to 8 local businesses operating in sectors such as food service, personal services, and social services. The association's diverse involvement in the local economy underscores its dedication to fostering a thriving Fort Wayne community.
Official website here: www.fwuea.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Fort Wayne Urban Enterprise Association Inc has achieved a strong rating of 92%, reflecting its commitment to accountability and financial management. This rating is based solely on its Accountability & Finance score, indicating that the organization maintains high standards in these areas, which is critical for donor trust and sustainability.
The organization demonstrates excellent governance practices, with an independent board composed entirely of eight members and a robust audit and oversight committee. Its financial health is commendable, with a program expense ratio of 88.74%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, policies regarding conflicts of interest and whistleblower protections are in place, showcasing a commitment to ethical practices.
While the data highlights strong performance in key metrics, potential donors and stakeholders should continue to monitor the organization's activities and performance over time to ensure continued adherence to these high standards. Overall, the Fort Wayne Urban Enterprise Association Inc is well-positioned as a reliable nonprofit making effective use of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Wayne Urban Enterprise Association Inc legitimate?
Fort Wayne Urban Enterprise Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Wayne Urban Enterprise Association 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: $62,086
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,195
For more financial information, click here
Official website here: www.fwuea.org
What is the mission statement of Fort Wayne Urban Enterprise Association Inc?
The Fort Wayne Urban Enterprise Association Inc, through its initiative SEED, is committed to fostering economic prosperity. Their mission is centered around promoting equitable business growth and ensuring the availability of stable jobs within the community. As part of their efforts, they have distributed funds through their Small Business Development program, benefiting businesses from sectors such as food service, personal services, and social services.
Official website here: www.fwuea.org
Who is the CEO of Fort Wayne Urban Enterprise Association Inc?
Nancy Townsend is the Chairman of Fort Wayne Urban Enterprise Association Inc.
Official website here: www.fwuea.org
What is the revenue of Fort Wayne Urban Enterprise Association Inc?
Fort Wayne Urban Enterprise Association Inc's revenue in 2022 was $831,361.
Official website here: www.fwuea.org
Who are the executives of Fort Wayne Urban Enterprise Association Inc and what are their salaries?
There 13 volunteers at Fort Wayne Urban Enterprise Association Inc.
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Official website here: www.fwuea.org
Where can I find the form 990 for Fort Wayne Urban Enterprise Association Inc?
Fort Wayne Urban Enterprise Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fwuea.org
Learn more at the official website: www.fwuea.org
Mission Statement of Fort Wayne Urban Enterprise Association Inc
The Fort Wayne Urban Enterprise Association Inc, often referred to as SEED, is committed to fostering economic prosperity in the community of Fort Wayne. Their mission is centered around promoting equitable business growth and ensuring the stability of jobs within the area. By doing so, SEED aims to contribute positively to the overall well-being of the community. They achieve this mission by providing financial support to local businesses, primarily drawn from sectors such as food service, personal services, and social services, through their Small Business Development program. The grants awarded by SEED have helped these businesses to thrive, thereby contributing to the economic growth of Fort Wayne.
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Impact
October, 2024
Fort Wayne Urban Enterprise Association Inc has made a significant impact on the local economy by promoting equitable business growth and fostering stable job creation in the Fort Wayne community. Through its SEED initiative, the organization has awarded over $315,000 to eight recipients via its Small Business Development program. This funding has supported businesses across the food service, personal service, and social service sectors, contributing to a more diverse and resilient local economic landscape. By focusing on economic prosperity, SEED is helping to enhance community improvement and the overall quality of life for residents in Fort Wayne.
This information is meant to be a general summary of Fort Wayne Urban Enterprise Association 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: $542
- Program Service Revenue: $546,632
- Gross Receipts: $831,361
Assets and Liabilities:
- Total Assets: $2,152,067
- Total Liabilities: $331,938
- Net Assets: $1,820,129
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Entrepreneur Training Fee
Revenue
$6,212
Participation Fees
Revenue
$405,929
Subsidized CommercialRent
Revenue
$134,491
Organization Details
Founding Year
1983
Phone
(260) 422-2304Principal Officer
Nancy Townsend
Main Address
1830 Wayne Trace, Fort Wayne, IN, 46803
Website
www.fwuea.orgNTEE Category
Code: S310 - Community improvement
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