Overview
What is Greater Bemidji Inc?
Greater Bemidji Inc is a nonprofit organization situated in Bemidji, Minnesota, specifically at 102 1st Street W. Their primary mission is to enhance the economic base and quality of life in the Greater Bemidji region. To accomplish this, they offer gap financing, recruit businesses, and assist with employee training and talent retention. By supporting local businesses that create quality jobs, Greater Bemidji Inc aims to contribute to the community's prosperity and overall well-being. With a modest workforce of three individuals, the organization plays an essential role in fostering economic growth and development in the Bemidji area.
Official website here: www.greaterbemidji.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star Rating
Greater Bemidji Inc has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored particularly well in several key areas, showcasing a commitment to transparency and responsible financial management. The high percentage of independent board members and a well-documented conflict of interest policy further enhance its credibility.
The nonprofit has demonstrated effective use of its funds, with an impressive program expense ratio of 91.30%, indicating that the majority of its expenses are directed towards its mission-related activities. Additionally, its fundraising efficiency is notable, requiring just three cents to raise a dollar, which highlights the organization’s effectiveness in resource allocation.
While the overall rating is commendable, potential donors and supporters may still want to review specific program outcomes and impacts to ensure alignment with their philanthropic goals. The absence of issues related to asset diversion and strong financial ratios suggest a well-managed organization, but stakeholders might wish to seek more qualitative information on the effectiveness of the programs offered.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Bemidji Inc legitimate?
Greater Bemidji Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Bemidji 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: $178,498
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,072
For more financial information, click here
Official website here: www.greaterbemidji.com
What is the mission statement of Greater Bemidji Inc?
Greater Bemidji Inc is dedicated to enhancing the quality of life in its respective region. It achieves this by identifying, encouraging, and offering coordinated support to businesses that create high-quality jobs and contribute positively to the community's economic foundation. The organization's mission includes providing gap financing and other assistance to local businesses, attracting businesses to the region, and aiding with employee training and talent retention. This holistic approach aims to foster a thriving business environment and enhance the overall well-being of the community.
Official website here: www.greaterbemidji.com
Who is the CEO of Greater Bemidji Inc?
David Hengel is the Board Member of Greater Bemidji Inc.
Official website here: www.greaterbemidji.com
What is the revenue of Greater Bemidji Inc?
Greater Bemidji Inc's revenue in 2022 was $3,174,764.
Official website here: www.greaterbemidji.com
Who are the executives of Greater Bemidji Inc and what are their salaries?
The average compensation at Greater Bemidji Inc during 2022 was $86,857. There are 3 employees at Greater Bemidji Inc.
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Official website here: www.greaterbemidji.com
Where can I find the form 990 for Greater Bemidji Inc?
Greater Bemidji Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greaterbemidji.com
Learn more at the official website: www.greaterbemidji.com
Mission Statement of Greater Bemidji Inc
Greater Bemidji Inc, a nonprofit organization, is dedicated to enhancing the quality of life in its region. Its mission is accomplished by identifying, encouraging, and providing coordinated support to businesses that create quality jobs and contribute to the economic growth of the community. By doing so, Greater Bemidji Inc aims to foster a thriving and prosperous community. In addition to this, the organization provides gap financing and other forms of assistance to local businesses, assists in recruiting businesses to the region, and helps with employee training and talent retention. By undertaking these activities, Greater Bemidji Inc seeks to promote a vibrant and sustainable business environment, ultimately benefiting the community as a whole.
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Impact
October, 2024
Greater Bemidji Inc plays a crucial role in enhancing the overall quality of life in the Greater Bemidji region. By focusing on the identification and support of local businesses, it fosters an environment that encourages job creation and economic stability. The organization provides essential gap financing and tailored assistance, which empowers businesses to thrive and grow within the community.
Through its efforts in recruiting new businesses to the area, Greater Bemidji Inc diversifies the economic landscape, ultimately leading to increased job opportunities for local residents. Furthermore, the organization assists with employee training and talent retention, ensuring that the workforce is equipped with the skills needed to meet the demands of the evolving job market.
In summary, Greater Bemidji Inc significantly impacts the community by actively working to strengthen the economic base, enhance job quality, and improve the overall living conditions for residents of the Greater Bemidji region.
This information is meant to be a general summary of Greater Bemidji 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: $8,069
- Program Service Revenue: $135,981
- Gross Receipts: $3,174,764
Assets and Liabilities:
- Total Assets: $7,526,153
- Total Liabilities: $1,299,290
- Net Assets: $6,226,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT WORK
Revenue
$124,476
LOAN INTEREST
Revenue
$10,984
LAUNCHPAD
Revenue
$521
Organization Details
Founding Year
1985
Phone
(218) 444-5757Principal Officer
David Hengel
Main Address
102 1ST STREET W, BEMIDJI, MN, 56601
Website
www.greaterbemidji.comNTEE Category
Code: S30 - Community improvement
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