Overview
What is Danville Foundation For Industrial Growth?
The Danville Foundation for Industrial Growth is a nonprofit organization situated in Danville, Illinois, specifically at 15 N Walnut St. Their primary mission is to foster economic development in the Vermilion County area. They accomplish this by supporting various business cluster programs, providing training opportunities, aiding in employee recruitment, and offering assistance for business expansion. The foundation's ultimate goal is to promote industrial growth and attract, retain, and expand job opportunities within the county.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Danville Foundation For Industrial Growth has been rated at 54%, which equates to a One-Star rating, indicating significant areas of concern regarding its accountability and financial practices. The organization has demonstrated strengths in governance, with 100% independent board members and an effective board size, along with no material diversion of assets, contributing positively to its overall score.
However, the foundation faces substantial limitations in various operational policies, including the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Additionally, the organization scored poorly on its program expense ratio, indicating a lower allocation of resources towards its programs compared to administrative costs. Furthermore, the lack of publicly available tax documents on its website raises transparency issues.
Overall, while the Danville Foundation For Industrial Growth shows some strengths in governance, its overall performance is concerning due to significant deficiencies in policy and program expense allocation, which potential donors and stakeholders should carefully consider.
This AI summary has been generated from information found on Charity Navigator.
Is Danville Foundation For Industrial Growth legitimate?
Danville Foundation For Industrial Growth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Danville Foundation For Industrial Growth 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Danville Foundation For Industrial Growth?
The Danville Foundation for Industrial Growth is dedicated to promoting industrial growth and fostering the creation, retention, and expansion of job opportunities. Their primary mission is centered around economic development in the relevant area. The foundation offers support to various business cluster programs, encompassing initiatives such as employee recruitment, training programs, and business expansion assistance.
Who is the CEO of Danville Foundation For Industrial Growth?
Mike Hulvey is the Executive Director of Danville Foundation For Industrial Growth.
What is the revenue of Danville Foundation For Industrial Growth?
Danville Foundation For Industrial Growth's revenue in 2022 was $45,976.
Who are the executives of Danville Foundation For Industrial Growth and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Danville Foundation For Industrial Growth?
Danville Foundation For Industrial Growth's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Danville Foundation For Industrial Growth
The Danville Foundation for Industrial Growth is a committed organization with a primary objective of promoting industrial expansion and fostering the creation, retention, and expansion of job opportunities within its sphere of influence. Its primary mission can be described as driving economic development within the Vermilion County area. This mission is achieved through the foundation's support of various business cluster programs, encompassing training initiatives, employee recruitment efforts, and initiatives aimed at bolstering business expansion within the community.
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Impact
August, 2024
The Danville Foundation for Industrial Growth plays a crucial role in stimulating economic development within the Verimilion County area. Through its support of local business cluster programs, training initiatives, employee recruitment efforts, and business expansion support, the Foundation is instrumental in attracting, retaining, and expanding job opportunities in the region. Its focus on promoting industrial growth directly contributes to the overall improvement of the community and the well-being of its residents.
This information is meant to be a general summary of Danville Foundation For Industrial Growth. 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: $1,600
- Gross Receipts: $75,976
Assets and Liabilities:
- Total Assets: $91,389
- Total Liabilities: $0
- Net Assets: $91,389
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Organization Details
Founding Year
1963
Phone
(217) 442-6201Principal Officer
Mike Hulvey
Main Address
15 N WALNUT ST, DANVILLE, IL, 61832
NTEE Category
Code: S300 - Community improvement
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