Overview
What is Renew Moline Inc?
Renew Moline Inc, based in Moline, Illinois, is a nonprofit organization dedicated to fostering economic growth in the city. Their primary focus lies in facilitating private land development investments and securing public improvements. They collaborate closely with city officials, consultants, and partners to accomplish their objectives, particularly in implementing the Moline Comprehensive Plan updates such as Moline Centre, Floreciente, and Edgewater. Renew Moline assists developers and businesses by designing and managing development strategies through a project management team and design-build management process. With a commitment to increasing employment, retaining jobs, enhancing the tax base, and making visual and aesthetic improvements, Renew Moline Inc plays a significant role in revitalizing Moline's economy.
Official website here: www.renewmoline.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
Renew Moline Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization scored particularly well in categories such as having a fully independent board and no material diversion of assets. This high accountability score highlights a commitment to transparency and governance, crucial for donor trust.
The organization shows strengths in its financial oversight with an audit committee and maintains proper documentation of board meeting minutes. However, there are some areas for improvement, such as the absence of a whistleblower policy, which could enhance their governance framework. Additionally, while their program expense ratio is reasonable, there is room for growth in allocating more resources directly towards their programs.
Overall, Renew Moline Inc demonstrates a strong foundation in financial management and accountability, making it a trustworthy option for potential donors. However, addressing the governance gaps could further strengthen their credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Renew Moline Inc legitimate?
Renew Moline Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renew Moline 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: $127,872
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,506
For more financial information, click here
Official website here: www.renewmoline.com
What is the mission statement of Renew Moline Inc?
Renew Moline Inc is committed to facilitating and managing economic development projects, with a focus on increasing employment, retaining jobs, and enhancing the tax base. The organization is dedicated to making visual and aesthetic improvements in the community. They provide professional services, primarily facilitating private land development investments and helping secure public improvements. Renew Moline works closely with city staff, elected officials, consultants, and other partners to design and manage development strategies. Their efforts often involve collaborating with developers and businesses to implement strategies through a project management team and design build management process. Additionally, Renew Moline has an agreement to share resources with the Moline Community Development Corporation.
Official website here: www.renewmoline.com
Who is the CEO of Renew Moline Inc?
Alexandra Elias is the Director of Renew Moline Inc.
Official website here: www.renewmoline.com
What is the revenue of Renew Moline Inc?
Renew Moline Inc's revenue in 2022 was $1,085,277.
Official website here: www.renewmoline.com
Who are the executives of Renew Moline Inc and what are their salaries?
The average compensation at Renew Moline Inc during 2022 was $60,459. There are 3 employees and 25 volunteers at Renew Moline Inc.
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Official website here: www.renewmoline.com
Where can I find the form 990 for Renew Moline Inc?
Renew Moline Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.renewmoline.com
Learn more at the official website: www.renewmoline.com
Mission Statement of Renew Moline Inc
Renew Moline Inc, a dedicated organization, is committed to facilitating and managing economic development projects within its realm. The primary objective of this nonprofit is to increase employment opportunities, retain existing jobs, enhance the tax base, and contribute to visual and aesthetic improvements in the community. Renew Moline Inc achieves these goals by providing professional services, focusing on private land development investments and securing public improvements.
The nonprofit works closely with city staff, elected officials, professional consultants, and other partners to implement the Moline Comprehensive Plan updates, such as Moline Centre, Floreciente, and Edgewater, adopted in April 2014. Renew Moline Inc assists developers and businesses by designing and managing development strategies through a project management team and design-build management team process. Moreover, the organization has an agreement to share resources with the Moline Community Development Corporation. By undertaking these activities, Renew Moline Inc contributes to the economic growth and development of its community, striving to make it a better place for its citizens.
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Impact
October, 2024
Renew Moline Inc actively drives economic development in Moline, significantly influencing the local economy. By focusing on job creation and retention, the organization enhances employment opportunities and bolsters the workforce. Its commitment to improving the tax base contributes to the financial stability of the city, allowing for enhanced public services and infrastructure.
Through professional services, Renew Moline facilitates private land development investments and secures vital public improvements, ensuring that growth aligns with the community's long-term vision. By partnering with the city of Moline, the organization plays a crucial role in implementing key updates to the Moline Comprehensive Plan, including projects like Moline Centre, Floreciente, and Edgewater. This collaboration fosters a cohesive approach to urban development, enhancing the livability and aesthetic appeal of the city.
Renew Moline's project management and design-build strategies support developers and businesses, streamlining the process of bringing new projects to fruition. Furthermore, the sharing of resources with the Moline Community Development Corporation amplifies its impact, leading to more comprehensive community improvement initiatives. Overall, Renew Moline Inc significantly contributes to Moline's growth, vibrancy, and economic resilience.
This information is meant to be a general summary of Renew Moline 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: $4,003
- Gross Receipts: $1,085,277
Assets and Liabilities:
- Total Assets: $1,743,097
- Total Liabilities: $87,381
- Net Assets: $1,655,716
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Organization Details
Founding Year
1988
Phone
(309) 762-9190Principal Officer
Alexandra Elias
Main Address
1506 RIVER DR, MOLINE, IL, 61265
Website
www.renewmoline.comNTEE Category
Code: S200 - Community improvement
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