Overview
What is Indiana Association For Community Economic Development Inc?
Indiana Association For Community Economic Development Inc, operating under the name Prosperity Indiana, is a nonprofit organization located in Indianapolis, Indiana. Their primary goal is to foster community growth and development by providing resources, advocacy, and networking opportunities. They offer various tools to their members, such as consulting services, trainings, a resource library, and funding. Their training and technical assistance programs aim to enhance the capacities of community economic development practitioners and organizations. Prosperity Indiana delivers extensive training for staff and community development professionals, covering topics ranging from organizational management to leadership and outcome delivery. They also provide long-term, one-on-one consulting support in areas like board governance, financial management, planning, and staff management. As a funder, they secure pass-through grants to support member projects, leveraging state and national partner resources. Prosperity Indiana serves as the fiscal agent and program manager for member initiatives, helping to launch innovative projects. Overall, their mission is to build a better future for communities by advocating, leveraging resources, and engaging an empowered network of members to create inclusive opportunities that build assets and improve lives.
Official website here: www.prosperityindiana.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating.
The Indiana Association For Community Economic Development Inc has achieved an impressive 95% rating from Charity Navigator, which reflects the organization's strong commitment to accountability and finance. The rating is primarily derived from a single beacon score, indicating that the organization excels in its financial practices and governance. With a fully independent board consisting of 19 members, it demonstrates a robust structure that promotes transparency and responsible decision-making.
Financially, the Indiana Association maintains a favorable liabilities-to-assets ratio of 28.79%, suggesting it manages its resources effectively. Additionally, a significant portion of its expenses (66.19%) is allocated towards program services, which is a positive indicator of the nonprofit’s dedication to its mission. The organization adheres to best practices by having comprehensive policies in place for conflict of interest and whistleblower protection.
While the overall financial health of the organization is commendable, users did not note any significant limitations in the available feedback. The organization’s commitment to transparency is evident through its compliance with essential documentation and oversight policies, making it a trustworthy choice for donors looking to support community economic development initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Indiana Association For Community Economic Development Inc?
98% of 27 reviewers on Facebook recommend the Indiana Association For Community Economic Development Inc. Here is a summary of their reviews:
Many supporters express strong appreciation for the organization’s commitment to empowering the community. Enthusiastic comments highlight its effective programs and initiatives that aim to foster economic growth and development for local residents.
Overall, the sentiment is overwhelmingly positive, with users recognizing the nonprofit's efforts to make a meaningful impact in the community. The common theme is a sense of gratitude for the support and resources they provide to improve local livelihoods.
This AI summary has been generated from reviews found on Facebook.
Is Indiana Association For Community Economic Development Inc legitimate?
Indiana Association For Community Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Association For Community Economic Development 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: $119,466
Professional Fundraising Fees: $0
Other Salaries and Wages: $414,451
For more financial information, click here
Official website here: www.prosperityindiana.org
What is the mission statement of Indiana Association For Community Economic Development Inc?
The Indiana Association for Community Economic Development Inc's mission is centered around improving lives and communities by advocating, leveraging resources, and engaging a network of empowered members. Their goal is to create inclusive opportunities that build assets, thereby enhancing community welfare. The organization provides various resources such as consulting services, trainings, a resource library, and funding to its members to advance their work. They deliver comprehensive training programs to strengthen the capacity of community economic development practitioners and their organizations. Technical assistance, offered in the form of one-on-one consulting support, is available in several areas, including board governance, financial management, and staff management services. The organization primarily acts as a grant facilitator, securing funds to support member projects, and sometimes serves as a fiscal agent and program manager for member initiatives.
Official website here: www.prosperityindiana.org
Who is the CEO of Indiana Association For Community Economic Development Inc?
Steven Meyer is the President of Indiana Association For Community Economic Development Inc.
Official website here: www.prosperityindiana.org
What is the revenue of Indiana Association For Community Economic Development Inc?
Indiana Association For Community Economic Development Inc's revenue in 2022 was $830,837.
Official website here: www.prosperityindiana.org
Who are the executives of Indiana Association For Community Economic Development Inc and what are their salaries?
The average compensation at Indiana Association For Community Economic Development Inc during 2022 was $53,392. There are 10 employees at Indiana Association For Community Economic Development Inc.
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- Compensation: $119,466
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- Other: $7,168
Official website here: www.prosperityindiana.org
Where can I find the form 990 for Indiana Association For Community Economic Development Inc?
Indiana Association For Community Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prosperityindiana.org
Learn more at the official website: www.prosperityindiana.org
Mission Statement of Indiana Association For Community Economic Development Inc
Indiana Association for Community Economic Development Inc strives to improve the lives of communities by advocating, leveraging resources, and engaging a network of empowered members to create inclusive opportunities that build assets. Their mission is to foster an environment where resources such as consulting services, trainings, a resource library, and funding are readily available to community economic development practitioners, helping them advance their work and improve lives.
The organization provides its members with a wealth of resources through Prosperity Indiana. This includes consulting services tailored to their specific needs, trainings to enhance their skills and capacities, a resource library filled with valuable information, and funding opportunities to support their projects. The training and technical assistance provided by Indiana Association for Community Economic Development Inc are aligned to address the diverse technical and adaptive knowledge necessary to manage organizations, exercise leadership, and deliver outcomes. They offer one-on-one consulting support in various areas, including board governance, financial management, planning, program/project development and delivery, resource development, staff development, and staff management services.
In addition to its role as a resource provider, Indiana Association for Community Economic Development Inc also serves as a funder, securing pass-through grants to support member projects. This includes leveraging state and national partner resources available for this purpose. Furthermore, the organization acts as the fiscal agent and program manager for member initiatives, helping to launch innovative projects and support their growth. By providing these services, Indiana Association for Community Economic Development Inc plays a crucial role in empowering its members and building stronger, more resilient communities.
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Impact
October, 2024
The Indiana Association For Community Economic Development Inc. significantly enhances community well-being by advocating for inclusive opportunities and leveraging essential resources. By fostering an empowered network of members, the organization actively works to build assets that elevate the quality of life within various communities.
Through its Prosperity Indiana initiative, it equips members with valuable tools and resources, including consulting services, training, and a resource library, aimed at advancing their work in community economic development. The organization provides comprehensive training programs that address a wide range of topics necessary for effective leadership and management within the sector.
Additionally, the organization offers long-term, one-on-one technical assistance in critical areas such as board governance, financial management, and project development, catering to the unique needs of each member organization. It also plays a pivotal role in securing grants and acting as a fiscal agent and program manager for innovative member initiatives, thus launching projects that drive community growth and sustainability.
Overall, the Indiana Association For Community Economic Development Inc. directly impacts local communities by fostering collaboration, building capacity, and creating pathways for economic prosperity.
This information is meant to be a general summary of Indiana Association For Community Economic Development 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: $7,702
- Program Service Revenue: $147,088
- Gross Receipts: $830,837
Assets and Liabilities:
- Total Assets: $770,535
- Total Liabilities: $221,851
- Net Assets: $548,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICE
Revenue
$147,088
Organization Details
Founding Year
1987
Phone
(317) 222-1221Principal Officer
Steven Meyer
Main Address
1099 N MERIDIAN STREET 170, INDIANAPOLIS, IN, 46204
Website
www.prosperityindiana.orgNTEE Category
Code: S31Z - Community improvement
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