Overview
What is Midwest Independent Retailers Foundation Inc?
Midwest Independent Retailers Foundation Inc, situated in West Bloomfield, Michigan, is a dedicated nonprofit organization. Their primary focus is on providing scholarships to deserving students to encourage education and growth at both an individual and community level. Beyond scholarships, they support various educational programs in high schools, technical centers, vocational schools, colleges, and universities. Additionally, they enrich their community by backing charitable organizations that lack the necessary funding and infrastructure to carry out their activities. The foundation also collaborates with the Michigan Department of Agriculture and others to promote the benefits of buying local and consuming fresh produce. Moreover, they strive to help needy families during the Thanksgiving season by providing them with turkeys. Their mission also includes informing the public about changes in food assistance programs and encouraging access to healthy, sustainably grown food. The organization's impact extends beyond Michigan, reaching families in Ohio and Illinois as well.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Midwest Independent Retailers Foundation Inc received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The overall score is derived solely from the Accountability & Finance beacon, which highlights that the organization scored particularly low in several important governance areas, including a lack of independent board members and missing key policies such as conflict of interest and whistleblower protections.
Despite these governance issues, the foundation demonstrates some strengths, particularly in its program expense ratio, which stands at 73.67%. This indicates that a substantial portion of its expenses is directed towards its programs, suggesting a commitment to its mission. Additionally, the organization has a low liabilities to assets ratio of 17.66%, reflecting a healthier balance sheet.
However, the absence of basic governance practices, such as a publicly accessible website or posted tax forms, raises concerns about transparency and accountability. These limitations may hinder potential donors' trust and could impact the foundation's ability to secure future funding and support.
This AI summary has been generated from information found on Charity Navigator.
Is Midwest Independent Retailers Foundation Inc legitimate?
Midwest Independent Retailers Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Independent Retailers Foundation 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Midwest Independent Retailers Foundation Inc?
The Midwest Independent Retailers Foundation Inc's mission is centered around providing scholarships for deserving students and promoting continuing education. They also support various educational programs in high schools, technical centers, vocational schools, colleges, and universities. The foundation aims to enrich the community by backing charitable organization activities that lack sufficient funding and infrastructure. In addition, they collaborate with the Michigan Department of Agriculture and others to educate the public on the benefits of buying local and consuming fresh produce. Moreover, they strive to assist more than 6,000 needy families during Thanksgiving by providing them with turkeys. Lastly, the foundation informs the public about changes in food assistance programs and encourages access to healthy, sustainably grown food.
Who is the CEO of Midwest Independent Retailers Foundation Inc?
Bill Wild is the President of Midwest Independent Retailers Foundation Inc.
What is the revenue of Midwest Independent Retailers Foundation Inc?
Midwest Independent Retailers Foundation Inc's revenue in 2022 was $49,621.
Who are the executives of Midwest Independent Retailers Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $97,000
- Other: $7,462
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Midwest Independent Retailers Foundation Inc?
Midwest Independent Retailers Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Midwest Independent Retailers Foundation Inc
The Midwest Independent Retailers Foundation Inc is committed to various initiatives aimed at enriching the community. One of their primary objectives is providing scholarships to deserving students, fostering continuing education, and supporting educational programs in high schools, technical centers, vocational schools, colleges, and universities. Beyond academics, the foundation also focuses on community enrichment by supporting charitable organizations' activities that are financially and structurally constrained.
Moreover, Midwest Independent Retailers Foundation Inc collaborates with the Michigan Department of Agriculture and other entities to educate the public about the benefits of purchasing local produce and consuming fresh produce. They also strive to inform the public about changes in food assistance programs and benefits. Furthermore, this nonprofit organization goes beyond scholarship and education, as they provide thousands of needy families in Michigan, Ohio, and Illinois with a turkey for Thanksgiving. This initiative ensures that many families can celebrate the holiday with a traditional meal. In summary, Midwest Independent Retailers Foundation Inc is dedicated to empowering students, promoting education, supporting charitable activities, and encouraging healthy, sustainable food consumption.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Midwest Independent Retailers Foundation Inc's impact can be seen through the 32 scholarships granted to deserving high school graduates, promoting education and growth at both individual and community levels. Additionally, the organization supports programs in various educational institutions and further enriches the community through its backing of charitable organizations' activities. It also plays a role in educating the public on the benefits of buying local and consuming fresh produce. Moreover, by providing thousands of needy families with Thanksgiving turkeys and informing the public about changes to food assistance programs, the foundation actively encourages access to healthy, fresh, and sustainably grown food.
This information is meant to be a general summary of Midwest Independent Retailers Foundation 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: $4,815
- Gross Receipts: $228,342
Assets and Liabilities:
- Total Assets: $682,912
- Total Liabilities: $120,639
- Net Assets: $562,273
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1998
Phone
(248) 671-9600Principal Officer
Bill Wild
Main Address
5779 WEST MAPLE ROAD, WEST BLOOMFIELD, MI, 48322
NTEE Category
Code: B82 - Education
If you are a representative of Midwest Independent Retailers Foundation Inc 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.