Overview
What is Floodwood Business And Community Partnership?
Floodwood Business and Community Partnership is a nonprofit organization situated in Floodwood, Minnesota, specifically at UNIT 12 RIVERSIDE PARK DR BOX 367. Their primary mission is to foster collaboration between local businesses and community leaders, promoting a favorable business environment and taking a proactive role in community affairs. By serving as an informational resource for members, they aim to contribute positively to the quality of life in Floodwood. One of their key initiatives is a city beautification project, focusing on maintaining and enhancing the community's appearance. With a small team of four dedicated individuals, this organization actively works towards strengthening the Floodwood community.
Official website here: www.floodwoodbusinesses.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
Floodwood Business And Community Partnership has earned a Three-Star rating with a score of 76%. This rating reflects the organization's strong focus on accountability and finance, as the entire score is derived from a single beacon metric. The nonprofit demonstrates a solid commitment to transparency, with a fully independent board and no material diversion of assets.
The organization scored well in several key areas, achieving full marks for having a majority of independent board members and a favorable liabilities-to-assets ratio. However, it also noted some limitations, particularly the absence of a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, which are important for governance and risk management.
Overall, while Floodwood Business And Community Partnership shows strengths in financial responsibility and board independence, it has opportunities for improvement in governance policies. Prospective donors and supporters may want to consider these factors when evaluating the nonprofit's operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Floodwood Business And Community Partnership legitimate?
Floodwood Business And Community Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Floodwood Business And Community Partnership 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
Official website here: www.floodwoodbusinesses.com
What is the mission statement of Floodwood Business And Community Partnership?
The Floodwood Business and Community Partnership aims to foster a cooperative relationship between business and community leaders. Their primary objective is to support and network with each other, thereby creating a thriving business environment. This organization also takes on a leadership role in community affairs and serves as an information resource for its members. Their ultimate goal is to enhance the quality of life for their community members. Additionally, they undertake projects such as city beautification to maintain the aesthetic appeal of their community.
Official website here: www.floodwoodbusinesses.com
Who is the CEO of Floodwood Business And Community Partnership?
Jeff Kletscher is the Director of Floodwood Business And Community Partnership.
Official website here: www.floodwoodbusinesses.com
What is the revenue of Floodwood Business And Community Partnership?
Floodwood Business And Community Partnership's revenue in 2022 was $6,372.
Official website here: www.floodwoodbusinesses.com
Who are the executives of Floodwood Business And Community Partnership and what are their salaries?
There are 4 employees at Floodwood Business And Community Partnership.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.floodwoodbusinesses.com
Where can I find the form 990 for Floodwood Business And Community Partnership?
Floodwood Business And Community Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.floodwoodbusinesses.com
Learn more at the official website: www.floodwoodbusinesses.com
Mission Statement of Floodwood Business And Community Partnership
The Floodwood Business and Community Partnership is an organization with a mission to foster a collaborative environment between business and community leaders. Their objective is to support and network with one another, aiming to create a favorable business environment. This partnership also takes on a leadership role in community affairs and serves as a valuable information resource for its members. Their ultimate goal is to contribute to enhancing the quality of life in Floodwood. In addition to this, the organization undertakes city beautification projects to maintain and improve the community's appearance.
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Impact
August, 2024
Floodwood Business And Community Partnership plays a vital role in fostering collaboration and support among local business and community leaders. By bringing these stakeholders together, the partnership helps create a positive business environment, takes on leadership roles in community affairs, and serves as an information resource for its members. Through initiatives like city beautification projects, the partnership contributes to the upkeep and maintenance of the community's appearance, enhancing the quality of life in Floodwood, MN.
This information is meant to be a general summary of Floodwood Business And Community Partnership. 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: $19
- Program Service Revenue: $625
- Gross Receipts: $95,368
Assets and Liabilities:
- Total Assets: $47,947
- Total Liabilities: $3,000
- Net Assets: $44,947
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$625
Organization Details
Founding Year
1980
Phone
(218) 476-3335Principal Officer
Jeff Kletscher
Main Address
UNIT 12 RIVERSIDE PARK DR BOX 367, FLOODWOOD, MN, 55736
Website
www.floodwoodbusinesses.comNTEE Category
Code: T30 - Philanthropy
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