Overview
What is Saginaw Future Inc?
Saginaw Future Inc is a nonprofit organization situated in Saginaw, Michigan, specifically at 515 N WASHINGTON 3RD FLOOR. Their primary mission is to boost economic opportunities and secure long-term growth and prosperity for Saginaw County. They accomplish this by encouraging investment primarily in advanced manufacturing, medical technology, renewable energy, high tech industries, and professional services. The organization, with a team of 11 employees, aims to foster a thriving and innovative community in the region.
Official website here: www.saginawfuture.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% - Four-Star out of Four Star Rating
Saginaw Future Inc has achieved a strong overall score of 91%, primarily based on its accountability and finance practices. This high rating is indicative of the organization’s commitment to transparency and effective financial management. Notably, 96% of the board members are independent, which speaks to the organization’s governance integrity.
The charity has successfully maintained a robust financial health profile, evidenced by a low liabilities to assets ratio and a high program expense ratio, which signifies that a significant portion of their funds is allocated directly to programs rather than administrative costs. Additionally, their fundraising efficiency is commendable, with a perfect score in that category.
However, there are areas for improvement, particularly regarding the absence of a whistleblower policy and missing documentation related to document retention and destruction. While these gaps do not significantly detract from the overall strong performance, addressing them could enhance the organization's accountability framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Saginaw Future Inc legitimate?
Saginaw Future Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saginaw Future 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: $262,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $613,949
For more financial information, click here
Official website here: www.saginawfuture.com
What is the mission statement of Saginaw Future Inc?
Saginaw Future Inc's mission is centered around enhancing economic opportunities. Their primary objective is to foster investment in advanced manufacturing, medical technology, renewable energy, high tech industries, and professional services. This initiative aims to ensure long-term growth and prosperity in the relevant sector. In simpler terms, the organization's role is to support and encourage investment in these specific sectors, ultimately contributing to overall economic development and growth.
Official website here: www.saginawfuture.com
Who is the CEO of Saginaw Future Inc?
Joann Crary is the Chair of Saginaw Future Inc.
Official website here: www.saginawfuture.com
What is the revenue of Saginaw Future Inc?
Saginaw Future Inc's revenue in 2022 was $2,439,442.
Official website here: www.saginawfuture.com
Who are the executives of Saginaw Future Inc and what are their salaries?
The average compensation at Saginaw Future Inc during 2022 was $79,642. There are 11 employees and 20 volunteers at Saginaw Future Inc.
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Official website here: www.saginawfuture.com
Where can I find the form 990 for Saginaw Future Inc?
Saginaw Future Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.saginawfuture.com
Learn more at the official website: www.saginawfuture.com
Mission Statement of Saginaw Future Inc
Saginaw Future Inc, a nonprofit organization, is dedicated to boosting economic opportunities in its field, ensuring long-term growth and prosperity. Their primary focus is on stimulating investment in advanced manufacturing, medical technology, renewable energy, high tech industries, and professional services. By doing so, they aim to foster an environment conducive to sustainable growth and development. The organization's mission is to serve as a catalyst for economic progress, ultimately elevating the community to new heights of prosperity.
In essence, Saginaw Future Inc functions as a facilitator, encouraging investment in strategic sectors that have the potential to drive growth and innovation. Their goal is to contribute to a vibrant and diverse economy, one that offers ample opportunities for individuals and businesses alike. By focusing on these sectors, the organization seeks to create a dynamic and resilient economic landscape, capable of weathering challenges and seizing opportunities as they arise.
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Impact
July, 2024
Saginaw Future Inc has a significant impact on Saginaw County by fostering investment primarily in advanced manufacturing, medical technology, renewable energy, high tech industries, and professional services. Through their efforts, they contribute to the long-term growth and prosperity of the region. Their focus on industries crucial for economic development helps create job opportunities, attract investments, and enhance the overall business environment in Saginaw County.
This information is meant to be a general summary of Saginaw Future 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: $1,364
- Program Service Revenue: $24,782
- Gross Receipts: $2,439,442
Assets and Liabilities:
- Total Assets: $3,095,959
- Total Liabilities: $368,096
- Net Assets: $2,727,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSMENT & ADMIN FEES
Revenue
$24,782
Organization Details
Founding Year
1992
Phone
(989) 754-8222Principal Officer
Joann Crary
Main Address
515 N WASHINGTON 3RD FLOOR, SAGINAW, MI, 48607
Website
www.saginawfuture.comNTEE Category
Code: B99Z - Education
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