Overview
What is Grand Rapids Opportunities For Women?
Grand Rapids Opportunities for Women, also known as GROW, is a nonprofit organization situated in Grand Rapids, Michigan. With a mission to empower small business ownership as a pathway to wealth creation, GROW offers business training and support services. Their aim is to equip participants with the necessary skills, knowledge, and networks to develop and operate a business, evaluate business ideas, write business plans, maintain, and grow their businesses. They strive to provide capital and knowledge through authentic relationships, fostering curiosity and growth within the community. GROW has a team of 11 dedicated individuals committed to their mission.
Official website here: www.growbusiness.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Grand Rapids Opportunities For Women has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored an impressive 96% overall, indicating a high level of financial health and accountability. The rating is based solely on the Accountability & Finance beacon, demonstrating the nonprofit's commitment to transparency and effective financial management.
One of the key strengths highlighted is the composition of its board, which consists entirely of independent members, showing a robust governance structure. The organization has demonstrated excellent practices in financial oversight, with a high program expense ratio of 82.22%, which suggests that a significant portion of its funds is directed towards its core mission rather than administrative costs. Additionally, it has policies in place for conflict of interest, whistleblower protections, and document retention, which further enhance its credibility.
Despite these strengths, the summary primarily focuses on financial metrics, and there may be limited information on the organizational impact or program effectiveness beyond fiscal responsibility. However, the strong indicators of accountability suggest that Grand Rapids Opportunities For Women is well-managed and dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Grand Rapids Opportunities For Women?
98% of 36 reviewers on Facebook recommend Grand Rapids Opportunities For Women. Here is a summary of their reviews:
Many reviewers describe the organization as exceptional, highlighting its support for individuals seeking to start their own businesses. The assistance provided is often praised as invaluable, with several users noting the positive impact it has had on their entrepreneurial journeys.
Overall, the sentiment conveyed is overwhelmingly positive, with users expressing satisfaction with the resources and guidance offered by the nonprofit. This reflects a strong commitment to helping women achieve their business goals.
This AI summary has been generated from reviews found on Facebook.
Is Grand Rapids Opportunities For Women legitimate?
Grand Rapids Opportunities For Women is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Rapids Opportunities For Women 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: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $488,826
For more financial information, click here
Official website here: www.growbusiness.org
What is the mission statement of Grand Rapids Opportunities For Women?
Grand Rapids Opportunities For Women is committed to a future where small business ownership can serve as a pathway to wealth creation. They strive to provide capital and knowledge, informed through curiosity and authentic relationships, to facilitate this goal. The organization offers business training and support services to help participants develop necessary skills, evaluate business ideas, write business plans, establish networks, and secure mentors, all aimed at maintaining or growing their businesses.
Official website here: www.growbusiness.org
Who is the CEO of Grand Rapids Opportunities For Women?
Milinda Ysasi is the Chief Exec. of Grand Rapids Opportunities For Women.
Official website here: www.growbusiness.org
What is the revenue of Grand Rapids Opportunities For Women?
Grand Rapids Opportunities For Women's revenue in 2022 was $1,075,296.
Official website here: www.growbusiness.org
Who are the executives of Grand Rapids Opportunities For Women and what are their salaries?
The average compensation at Grand Rapids Opportunities For Women during 2022 was $53,984. There are 11 employees and 24 volunteers at Grand Rapids Opportunities For Women.
Here are 18 key members and their salaries:
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Official website here: www.growbusiness.org
Where can I find the form 990 for Grand Rapids Opportunities For Women?
Grand Rapids Opportunities For Women's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.growbusiness.org
Learn more at the official website: www.growbusiness.org
Mission Statement of Grand Rapids Opportunities For Women
Grand Rapids Opportunities For Women is committed to envisioning a future where small business ownership can serve as a means to build wealth. This organization strives to achieve this goal by supplying capital and knowledge, informed through curiosity and genuine relationships. Their mission is centered around providing business training and support services to help individuals develop the necessary skills and acquire the required knowledge to operate a business, evaluate a business idea, or write a business plan. Additionally, Grand Rapids Opportunities For Women aids participants in establishing networks to sustain their new or growing businesses and connects them with mentors through classes and business counseling.
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Impact
July, 2024
Grand Rapids Opportunities For Women empowers participants by providing business training, support services, and access to capital. Through their commitment to fostering small business ownership as a pathway to wealth creation, GROW helps individuals develop skills, acquire knowledge needed to operate a business, evaluate business ideas, write business plans, establish networks, and connect with mentors. By offering classes, counseling, and resources, GROW significantly impacts the community by enabling aspiring entrepreneurs to realize their dreams and contribute to economic growth and development in Grand Rapids.
This information is meant to be a general summary of Grand Rapids Opportunities For Women. 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: -$16,432
- Program Service Revenue: $64,043
- Gross Receipts: $1,099,023
Assets and Liabilities:
- Total Assets: $2,506,085
- Total Liabilities: $689,652
- Net Assets: $1,816,433
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MICROLOAN INTEREST
Revenue
$54,186
MICROLOAN PROGRAM FEES
Revenue
$9,857
Organization Details
Founding Year
1989
Phone
(616) 458-3404Principal Officer
Milinda Ysasi
Main Address
25 SHELDON BLVD SE 210, GRAND RAPIDS, MI, 49503
Website
www.growbusiness.orgNTEE Category
Code: S43 - Community improvement
If you are a representative of Grand Rapids Opportunities For Women 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.