Overview
What is Nebraska Enterprise Fund?
Nebraska Enterprise Fund is a nonprofit organization situated in Oakland, Nebraska. Its primary mission is to foster the growth of small businesses and micro enterprises within Nebraska. They achieve this through various means, such as offering training, technical assistance, peer support, research and product development, capacity building, and evaluation. Additionally, they provide small business loans or CD guarantees to help these businesses prosper. By supporting underserved communities, Nebraska Enterprise Fund aims to create a thriving small business ecosystem, ensuring every small and micro business has the opportunity to grow and succeed. The organization, with a workforce of 21 individuals, is committed to this vision.
Official website here: www.nebbiz.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% - Four-Star out of Four Star Rating
The Nebraska Enterprise Fund has earned a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an Accountability & Finance score of 93 and a Program Expense Ratio of 92.80%, the organization demonstrates effective management of its resources, ensuring that a significant portion of its funding goes directly to its programs.
The organization shows a commitment to governance with a fully independent board comprising 11 members. Its financial practices are robust, with no material diversion of assets reported and excellent ratings in audit and oversight categories. The Fund also stands out for its strong fundraising efficiency, operating at a cost of just $0.01 to raise each dollar, indicating effective use of donor contributions.
Despite these strengths, the organization’s Liabilities to Assets Ratio at 43.38% could suggest some financial risk, although it still falls within a manageable range. Overall, Nebraska Enterprise Fund is rated highly for its responsible financial management and dedication to transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Nebraska Enterprise Fund?
100% of 10 reviewers on Facebook recommend Nebraska Enterprise Fund. Here is a summary of their reviews:
The organization is highly regarded for its impactful contributions to communities across Nebraska, particularly in North, South, and rural areas. Reviewers commend the nonprofit for its dedication to providing essential services and support.
Overall, the sentiment is overwhelmingly positive, highlighting that Nebraska Enterprise Fund successfully delivers on its mission to uplift and empower local communities.
This AI summary has been generated from reviews found on Facebook.
Is Nebraska Enterprise Fund legitimate?
Nebraska Enterprise Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nebraska Enterprise Fund 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: $121,871
Professional Fundraising Fees: $0
Other Salaries and Wages: $642,197
For more financial information, click here
Official website here: www.nebbiz.org
What is the mission statement of Nebraska Enterprise Fund?
The Nebraska Enterprise Fund envisions a thriving small business ecosystem where every micro and small business has the chance to initiate, expand, and prosper. To accomplish this, the fund supports underserved communities by offering access to training, technical assistance, and capital for these businesses. The organization promotes the growth of small business and microenterprise programs in Nebraska through various means, including training, technical assistance, peer support, research and product development, capacity building and evaluation, and small business loans or CD guarantees.
Official website here: www.nebbiz.org
Who is the CEO of Nebraska Enterprise Fund?
James A Reiff is the Board Chair of Nebraska Enterprise Fund.
Official website here: www.nebbiz.org
What is the revenue of Nebraska Enterprise Fund?
Nebraska Enterprise Fund's revenue in 2022 was $5,303,898.
Official website here: www.nebbiz.org
Who are the executives of Nebraska Enterprise Fund and what are their salaries?
The average compensation at Nebraska Enterprise Fund during 2022 was $36,384. There are 21 employees at Nebraska Enterprise Fund.
Here are 10 key members and their salaries:
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- Compensation: $121,872
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- Other: $17,346
Official website here: www.nebbiz.org
Where can I find the form 990 for Nebraska Enterprise Fund?
Nebraska Enterprise Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nebbiz.org
Learn more at the official website: www.nebbiz.org
Mission Statement of Nebraska Enterprise Fund
Nebraska Enterprise Fund envisions a vibrant small business ecosystem where every small and micro business has the opportunity to start, grow, and prosper. To achieve this vision, the organization supports underserved communities by providing micro and small businesses with access to essential resources. This includes training, technical assistance, peer support, research and product development, capacity building and evaluation, and small business loans or CD guarantees. The Nebraska Enterprise Fund's mission is to promote the growth of small business and micro enterprise programs in Nebraska, thereby contributing to the economic development and prosperity of the community.
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Impact
October, 2024
Nebraska Enterprise Fund is integral in fostering a vibrant small business ecosystem in Nebraska, specifically targeting underserved communities. By providing access to essential resources such as training, technical assistance, and capital, it empowers micro and small businesses to start, grow, and thrive.
The fund promotes the expansion of small business and micro-enterprise programs through a variety of initiatives including capacity building, peer support, and research and product development. By facilitating small business loans and guarantees, it enhances financial accessibility for entrepreneurs who might struggle to secure traditional funding. This comprehensive approach not only cultivates individual businesses but also contributes to the overall economic health of the communities it serves, ensuring that every entrepreneur has the opportunity to succeed.
This information is meant to be a general summary of Nebraska Enterprise Fund. 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: $15,834
- Program Service Revenue: $819,144
- Gross Receipts: $5,303,898
Assets and Liabilities:
- Total Assets: $18,320,846
- Total Liabilities: $7,894,137
- Net Assets: $10,426,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN FEES
Revenue
$705,024
Organization Details
Founding Year
1997
Phone
(402) 685-5500Principal Officer
James A Reiff
Main Address
330 N OAKLAND AVENUE, OAKLAND, NE, 68045
Website
www.nebbiz.orgNTEE Category
Code: T30 - Philanthropy
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