Overview
What is Brown County Economic Development Partners?
Brown County Economic Development Partners is a nonprofit organization located in Sleepy Eye, Minnesota (specifically at 300 2nd Ave SW, ZIP code 56085). Their primary mission is to assist Brown County businesses in their economic development by providing loans to both new and existing enterprises that encounter challenges with general financing. This initiative aims to bolster the local economy and support the growth of businesses within the county.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
Brown County Economic Development Partners has received a low rating of 53% from Charity Navigator, reflecting concerns primarily related to accountability and financial management. The organization has no independent board members and lacks critical policies, including conflict of interest and whistleblower policies, which are essential for transparency and governance. Additionally, the absence of a website linked on their tax form raises further questions regarding accessibility and public engagement.
Despite these shortcomings, the nonprofit demonstrates a strong commitment to its mission, as indicated by a 100% program expense ratio. This suggests that all of its expenditures are directed towards its programs, providing assurance that funds are utilized effectively for their intended purpose. However, the lack of independent oversight and necessary governance policies may undermine trust and accountability in the long term.
Overall, while the organization excels in program expenditures, the significant gaps in governance practices and transparency hinder its overall effectiveness and rating. Stakeholders and potential donors may wish to consider these factors when evaluating their support for Brown County Economic Development Partners.
This AI summary has been generated from information found on Charity Navigator.
Is Brown County Economic Development Partners legitimate?
Brown County Economic Development Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brown County Economic Development Partners 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 Brown County Economic Development Partners?
The Brown County Economic Development Partners are committed to supporting the economic growth of local businesses. Their mission, stated in third person, is to offer loans to both new and established businesses that face challenges in securing general financing. This initiative aims to bolster the financial stability and expansion of these businesses, thereby contributing to the overall economic development of the community. The organization's activities are focused on providing the necessary financial assistance to help businesses thrive and grow within Brown County.
Who is the CEO of Brown County Economic Development Partners?
Rob Anderson is the Executive Di of Brown County Economic Development Partners.
What is the revenue of Brown County Economic Development Partners?
Brown County Economic Development Partners's revenue in 2022 was $70,531.
Who are the executives of Brown County Economic Development Partners and what are their salaries?
Here are 4 key members and their salaries:
- 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 Brown County Economic Development Partners?
Brown County Economic Development Partners's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brown County Economic Development Partners
Brown County Economic Development Partners, as its name suggests, is committed to aiding businesses in Brown County with their economic development. At its core, the organization's mission is to offer financial assistance to both new and established businesses that may be struggling with general financing. This mission is instrumental in fostering economic growth and development within the Brown County business community. By providing these loans, Brown County Economic Development Partners plays a crucial role in supporting local businesses and helping them overcome financial hurdles, thereby contributing to the overall economic prosperity of the region.
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
Brown County Economic Development Partners has played a pivotal role in boosting economic growth and development in the region by providing much-needed financing support to new and existing businesses facing challenges in obtaining traditional loans. Through its initiatives, it has directly contributed to the sustainability and expansion of local enterprises, thereby promoting job creation and community improvement.
This information is meant to be a general summary of Brown County Economic Development Partners. 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.
- Program Service Revenue: $10,531
- Gross Receipts: $70,531
Assets and Liabilities:
- Total Assets: $349,888
- Total Liabilities: $3,324
- Net Assets: $346,564
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$10,531
Organization Details
Founding Year
1986
Phone
(507) 640-0933Principal Officer
Rob Anderson
Main Address
300 2ND AVE SW, SLEEPY EYE, MN, 56085
NTEE Category
Code: S21Z - Community improvement
If you are a representative of Brown County Economic Development Partners 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.