Overview
What is Grant County Economic Growth Council Inc?
Grant County Economic Growth Council Inc is a nonprofit organization situated in Marion, Indiana, specifically at 301 S Adams Street, 46952. Their primary mission is to foster a prosperous, sustainable economy in Grant County by supporting and encouraging business growth and innovation. They accomplish this by aiding in five new business expansions, addressing 96 potential business project requests, and collaborating with the READI State Program to attract over 3 million dollars into the county. Furthermore, they have produced a job search video series in partnership with Taylor University, and partnered with Ivy Tech, Greater Grant County, and the Indiana Small Business Development Center to offer a six-week entrepreneurship course. Additionally, they have awarded four Charm Grants to local small businesses. Overall, the Grant County Economic Growth Council Inc is dedicated to bolstering the local business environment in Grant County.
Official website here: www.grantcounty.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%)
The Grant County Economic Growth Council Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in their accountability and finance practices. While the organization has a strong governance structure with 100% independent board members and a comprehensive set of policies in place, it faces significant challenges, particularly in financial transparency. The absence of financial statements has notably impacted its overall score.
Despite the financial transparency issues, the nonprofit demonstrates a solid commitment to its program expenses, with a program expense ratio of 91.54%. This suggests that a large portion of its budget is allocated to its mission-related activities. However, the high liabilities to assets ratio of 94.60% raises concerns about the organization's financial health and sustainability.
Overall, while the Grant County Economic Growth Council showcases strengths in governance and program focus, improvements in financial reporting and transparency are necessary to enhance its accountability and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Grant County Economic Growth Council Inc legitimate?
Grant County Economic Growth Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grant County Economic Growth Council 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: $80,229
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,599
For more financial information, click here
Official website here: www.grantcounty.com
What is the mission statement of Grant County Economic Growth Council Inc?
The Grant County Economic Growth Council Inc is dedicated to fostering a thriving and sustainable economy. Their mission is to attract and empower business growth and innovation within the community. They accomplish this by providing assistance in business retention and expansion, addressing requests for potential business projects, and collaborating with various organizations to bring in resources. The council has also contributed to bringing significant funds into the county through the READI State Program. Additionally, they have produced job search video series in partnership with Taylor University and launched entrepreneurship programs to support local businesses.
Official website here: www.grantcounty.com
Who is the CEO of Grant County Economic Growth Council Inc?
Adrienne Rines Hammond is the Executive Di of Grant County Economic Growth Council Inc.
Official website here: www.grantcounty.com
What is the revenue of Grant County Economic Growth Council Inc?
Grant County Economic Growth Council Inc's revenue in 2022 was $808,045.
Official website here: www.grantcounty.com
Who are the executives of Grant County Economic Growth Council Inc and what are their salaries?
The average compensation at Grant County Economic Growth Council Inc during 2022 was $55,414. There are 2 employees and 31 volunteers at Grant County Economic Growth Council Inc.
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Official website here: www.grantcounty.com
Where can I find the form 990 for Grant County Economic Growth Council Inc?
Grant County Economic Growth Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grantcounty.com
Learn more at the official website: www.grantcounty.com
Mission Statement of Grant County Economic Growth Council Inc
The Grant County Economic Growth Council Inc, in its mission, strives to foster a robust, sustainable economy in Grant County. This organization prioritizes attracting and empowering business growth and innovation within the region. By promoting these economic aspects, the Grant County Economic Growth Council Inc aims to create an environment that is conducive to both existing businesses and potential new ventures. The Council's mission is geared towards bolstering the local economy, thereby providing opportunities for business expansion and innovation.
In pursuit of its mission, the Grant County Economic Growth Council Inc has taken several initiatives. It has assisted in the expansion of five local businesses, demonstrating its commitment to business growth. Moreover, the Council has responded to 96 requests for information regarding potential business projects in Grant County, showcasing its proactive role in attracting new ventures. Additionally, the Council's collaborative efforts with the READI State Program have resulted in bringing more than 3 million dollars into Grant County, further highlighting its impact on the local economy.
In essence, the Grant County Economic Growth Council Inc serves as a catalyst for economic development in its region. Through its mission, it aims to create an environment that encourages and supports business growth and innovation, ultimately leading to a more vibrant and sustainable economy in Grant County.
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Impact
October, 2024
The Grant County Economic Growth Council Inc plays a pivotal role in promoting a vibrant and sustainable economy in Grant County, Indiana. By focusing on business growth and innovation, the Council has successfully assisted five new business expansions and addressed 96 requests for information regarding potential projects. This initiative not only strengthens existing businesses but also attracts new investments, having brought in over $3 million to the area through the READI state program.
Additionally, the Council enhances workforce development by producing job search video series in collaboration with Taylor University, benefiting local job seekers directly. Their commitment to fostering entrepreneurship is demonstrated through partnerships with Ivy Tech, Greater Grant County, and the Indiana Small Business Development Center to offer a six-week entrepreneurship course. This initiative equips local residents with the skills and knowledge necessary to thrive as business owners.
Furthermore, the Council has awarded four CHARM grants to small businesses within the community, providing essential support to stimulate local economic growth. Through these efforts, the Grant County Economic Growth Council Inc significantly contributes to the region's economic vitality and development.
This information is meant to be a general summary of Grant County Economic Growth Council 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: $541,120
- Program Service Revenue: $1,795
- Gross Receipts: $808,045
Assets and Liabilities:
- Total Assets: $10,211,072
- Total Liabilities: $9,660,379
- Net Assets: $550,693
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LUNCHEONS/DINNERS
Revenue
$1,795
Organization Details
Founding Year
1984
Phone
(765) 662-0650Principal Officer
Adrienne Rines Hammond
Main Address
301 S ADAMS STREET, MARION, IN, 46952
Website
www.grantcounty.comNTEE Category
Code: S30Z - Community improvement
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