Overview
What is Northwest Wisconsin Business Development Corporation?
The Northwest Wisconsin Business Development Corporation is a nonprofit organization situated in Spooner, Wisconsin. Its primary mission is to stimulate job creation and capital formation within a ten-county region of northwestern Wisconsin. Through its activities, the corporation aims to promote growth in the private sector, working to foster a thriving business environment in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
The Northwest Wisconsin Business Development Corporation has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance practices. The overall score of 80% reflects strong performance in key areas such as governance and financial health, with a perfect score for having a majority independent board and no material diversion of assets.
Strengths noted in the organization include a high program expense ratio of 94.64%, suggesting that the majority of its resources are directed towards its mission-driven programs. Additionally, the charity maintains comprehensive documentation practices, including board meeting minutes and a clear policy for document retention and destruction, which contributes to overall transparency.
While the organization demonstrates commendable financial practices, the rating is solely based on the Accountability & Finance beacon, which means there is no assessment of its impact or effectiveness in delivering programs. This focus indicates a need for potential improvement in communicating outcomes to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Northwest Wisconsin Business Development Corporation legitimate?
Northwest Wisconsin Business Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Wisconsin Business Development Corporation 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 Northwest Wisconsin Business Development Corporation?
The Northwest Wisconsin Business Development Corporation is dedicated to stimulating job creation and capital formation in the private sector. Their mission is to foster an environment that encourages the growth of businesses, thereby promoting economic development in a specific ten-county area. They aim to serve as a catalyst for job creation, providing the necessary resources and support to businesses in need. By doing so, they contribute to the overall economic prosperity of the region.
Who is the CEO of Northwest Wisconsin Business Development Corporation?
Mariann Jones is the Fiscal Manager of Northwest Wisconsin Business Development Corporation.
What is the revenue of Northwest Wisconsin Business Development Corporation?
Northwest Wisconsin Business Development Corporation's revenue in 2022 was $68,252.
Who are the executives of Northwest Wisconsin Business Development Corporation and what are their salaries?
There 12 volunteers at Northwest Wisconsin Business Development Corporation.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $77,216
- Other: $34,662
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Northwest Wisconsin Business Development Corporation?
Northwest Wisconsin Business Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northwest Wisconsin Business Development Corporation
Northwest Wisconsin Business Development Corporation, in its mission, is dedicated to fostering job creation and capital formation within the private sector. Specifically, its goal is to stimulate economic growth in a ten-county area of northwestern Wisconsin. The organization's efforts are geared towards encouraging the development of businesses, thereby contributing to the local economy and providing employment opportunities. It is a proactive player in the region's economic landscape, working tirelessly to promote job and capital creation in the private sector.
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Impact
August, 2024
Northwest Wisconsin Business Development Corporation's impact can be seen in the stimulation of private sector job creation and capital formation in a ten-county area of northwestern Wisconsin. By providing support and resources to businesses in the region, the organization plays a crucial role in fostering economic growth and development. Through its efforts, Northwest Wisconsin Business Development Corporation contributes to the overall prosperity and sustainability of the local economy, creating opportunities for employment and business expansion.
This information is meant to be a general summary of Northwest Wisconsin Business Development Corporation. 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: $3,261
- Program Service Revenue: $58,374
- Gross Receipts: $68,252
Assets and Liabilities:
- Total Assets: $4,199,015
- Total Liabilities: $100,508
- Net Assets: $4,098,507
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE LOAN INTEREST
Revenue
$58,374
Organization Details
Founding Year
2001
Phone
(715) 635-2197Principal Officer
Mariann Jones
Main Address
1400 S RIVER STREET, SPOONER, WI, 54801
NTEE Category
Code: W60Z - Public benefit
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