Overview
What is Greater Freeport Partnership?
The Greater Freeport Partnership is a nonprofit organization situated in Freeport, Illinois, with its headquarters at 110 W MAIN ST. Their primary mission is to foster economic and community development and enhancement in Northwest Illinois. With a team of 15 dedicated individuals, they strive to positively impact their local community by implementing various initiatives. Although specific programs or services they offer are not mentioned in the provided information, it's clear that their main objective is to contribute to the overall growth and improvement of the region.
Official website here: www.greaterfreeport.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
The Greater Freeport Partnership has received a Three-Star rating from Charity Navigator, primarily based on its accountability and finance score of 82%. This rating indicates a solid performance in financial management and transparency, which is essential for fostering trust among donors and stakeholders.
The organization demonstrates strengths in key areas such as maintaining a majority independent board with no material diversion of assets, and having comprehensive financial oversight measures in place. It excels particularly in program expense ratio, indicating that a significant portion of its funds is directed towards its programs and initiatives.
However, there are areas for improvement, notably the absence of a whistleblower policy, which could enhance its accountability framework. Additionally, while the organization shows a reasonable liability-to-assets ratio, it may need to address financial strategies to improve this metric further. Overall, the Greater Freeport Partnership appears to be performing well but could benefit from enhancing its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Freeport Partnership legitimate?
Greater Freeport Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Freeport Partnership 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: $131,645
Professional Fundraising Fees: $0
Other Salaries and Wages: $428,199
For more financial information, click here
Official website here: www.greaterfreeport.com
What is the mission statement of Greater Freeport Partnership?
The Greater Freeport Partnership is dedicated to promoting economic and community development and enhancement in a particular region, specifically in Northwest Illinois. Their mission involves working towards the betterment of the local economy and community, aiming to enhance the overall quality of life for its inhabitants. They strive to foster growth, progress, and improvement in various aspects of the community, contributing to a more prosperous and vibrant region.
Official website here: www.greaterfreeport.com
Who is the CEO of Greater Freeport Partnership?
Mark Gridley is the Chair of Greater Freeport Partnership.
Official website here: www.greaterfreeport.com
What is the revenue of Greater Freeport Partnership?
Greater Freeport Partnership's revenue in 2022 was $901,924.
Official website here: www.greaterfreeport.com
Who are the executives of Greater Freeport Partnership and what are their salaries?
The average compensation at Greater Freeport Partnership during 2022 was $37,323. There are 15 employees and 85 volunteers at Greater Freeport Partnership.
Here are 17 key members and their salaries:
- Compensation: $131,645
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- Other: $12,725
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Official website here: www.greaterfreeport.com
Where can I find the form 990 for Greater Freeport Partnership?
Greater Freeport Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greaterfreeport.com
Learn more at the official website: www.greaterfreeport.com
Mission Statement of Greater Freeport Partnership
Greater Freeport Partnership, a notable organization, is dedicated to fostering economic and community development and enhancement in Northwest Illinois. Their mission is twofold: firstly, they aim to stimulate economic growth within the region, and secondly, they strive to enhance the overall community. By promoting these objectives, Greater Freeport Partnership seeks to contribute positively to the well-being and prosperity of Northwest Illinois.
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Impact
October, 2024
Greater Freeport Partnership plays a vital role in driving economic and community development in Northwest Illinois. By focusing on enhancing the local economy and improving the quality of life for residents, the organization fosters a vibrant environment for businesses and individuals alike.
Their initiatives support local entrepreneurs and attract investment, creating job opportunities that stimulate growth in the region. Through community engagement efforts, they also work to promote collaboration among various stakeholders, ensuring that both residents and businesses contribute to the planning and execution of development projects.
The Partnership's emphasis on community improvement leads to revitalized neighborhoods and enhanced public spaces, which contribute to a stronger sense of community pride. Overall, Greater Freeport Partnership significantly influences the economic landscape and well-being of the Freeport area, positioning it as a desirable location for living, working, and investing in Northwest Illinois.
This information is meant to be a general summary of Greater Freeport Partnership. 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: $1,675
- Program Service Revenue: $79,725
- Gross Receipts: $1,028,165
Assets and Liabilities:
- Total Assets: $935,815
- Total Liabilities: $596,198
- Net Assets: $339,617
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES
Revenue
$79,725
Organization Details
Founding Year
1984
Phone
(815) 233-1350Principal Officer
Mark Gridley
Main Address
110 W MAIN ST, FREEPORT, IL, 61032
Website
www.greaterfreeport.comNTEE Category
Code: S31Z - Community improvement
If you are a representative of Greater Freeport Partnership 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.