Overview
What is Midland Business Alliance Foundation?
The Midland Business Alliance Foundation is a nonprofit organization situated in Midland, Michigan, specifically at 300 Rodd Street STE 101. Their primary objective is to enhance the quality of life for residents of Midland County by fostering economic development. They achieve this goal by retaining existing jobs and encouraging the creation of new, high-quality positions, thereby diversifying the local economic base. The foundation carries out this mission by administering projects and providing services specifically designed for this purpose within Midland County.
Official website here: www.mbami.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Midland Business Alliance Foundation has achieved an impressive score of 96%, reflecting strong accountability and financial performance. This high rating is indicative of the foundation's commitment to transparency and responsible management, as evidenced by a perfect score in key areas such as board independence and financial oversight.
The foundation boasts a fully independent board, which is essential for effective governance. It has established robust policies, including conflict of interest and whistleblower protections, ensuring ethical conduct and integrity in its operations. The foundation also demonstrates sound financial health, with a low liabilities-to-assets ratio and a significant percentage of expenses directed toward programs.
While the overall rating is exceptionally high, it is essential to continue monitoring the foundation's performance and impact over time. Potential donors and stakeholders might consider looking into the specific programs and initiatives funded by the Midland Business Alliance Foundation to assess their effectiveness and alignment with the organization's mission.
This AI summary has been generated from information found on Charity Navigator.
Is Midland Business Alliance Foundation legitimate?
Midland Business Alliance Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midland Business Alliance Foundation 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: $819,258
For more financial information, click here
Official website here: www.mbami.org
What is the mission statement of Midland Business Alliance Foundation?
The Midland Business Alliance Foundation's mission is centered around enhancing the quality of life for its community's residents. This is achieved primarily through the retention and creation of quality jobs and the diversification of the economic base. The foundation actively provides services and manages projects aimed at fostering economic development within the county, with the goal of promoting a thriving and sustainable economic landscape.
Official website here: www.mbami.org
Who is the CEO of Midland Business Alliance Foundation?
Roger Chamberlin is the President of Midland Business Alliance Foundation.
Official website here: www.mbami.org
What is the revenue of Midland Business Alliance Foundation?
Midland Business Alliance Foundation's revenue in 2022 was $2,060,176.
Official website here: www.mbami.org
Who are the executives of Midland Business Alliance Foundation and what are their salaries?
There 648 volunteers at Midland Business Alliance Foundation.
Here are 25 key members and their salaries:
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Official website here: www.mbami.org
Where can I find the form 990 for Midland Business Alliance Foundation?
Midland Business Alliance Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mbami.org
Learn more at the official website: www.mbami.org
Mission Statement of Midland Business Alliance Foundation
The Midland Business Alliance Foundation is committed to enhancing the quality of life for its residents by focusing on the retention and creation of quality jobs and the diversification of the economic base. This mission is achieved through providing services and overseeing projects that encourage economic development within Midland County, Michigan. The organization's primary goal is to contribute to the well-being of its community members by fostering a robust and diverse local economy.
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Impact
July, 2024
The Midland Business Alliance Foundation enhances the quality of life for Midland County residents by retaining and creating quality jobs and diversifying the economic base. Through their economic development initiatives, they provide services and administer projects that encourage economic growth within Midland, Michigan. By focusing on community improvement, the foundation positively impacts the local economy and helps to create a more vibrant and sustainable community for residents.
This information is meant to be a general summary of Midland Business Alliance Foundation. 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: $13,154
- Program Service Revenue: $787,425
- Gross Receipts: $2,342,445
Assets and Liabilities:
- Total Assets: $6,695,505
- Total Liabilities: $248,980
- Net Assets: $6,446,525
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE/PRODUCT REVENUE
Revenue
$787,425
Organization Details
Founding Year
1978
Phone
(989) 839-9901Principal Officer
Roger Chamberlin
Main Address
300 RODD STREET STE 101, MIDLAND, MI, 48640
Website
www.mbami.orgNTEE Category
Code: S300 - Community improvement
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