Overview
What is West Broadway Area Coalition?
West Broadway Area Coalition is a nonprofit organization situated in Minneapolis, Minnesota. They specialize in fostering a collaborative environment between businesses, non-profit organizations, and local residents along West Broadway Avenue. Their mission is to revitalize this corridor, aiming to transform Northside into a prosperous economic community. They accomplish this through various initiatives, such as monthly networking events called Northside Business Luncheons, where attendees can engage in discussions on relevant topics while enjoying meals from local eateries. Additionally, the West Broadway Business Coalition offers the Business Technical Assistance Program (B-TAP), providing direct assistance and training to small businesses and microenterprises in Minneapolis, ultimately supporting job creation in the city. The organization, with a team of seven dedicated employees, plays a significant role in driving economic growth and community development in the West Broadway area.
Official website here: www.westbroadway.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
The West Broadway Area Coalition has achieved a solid rating of 83%, reflecting its commitment to accountability and financial health. The organization boasts a perfect score in both the majority independent board members and independent board size categories, indicating robust governance practices. Additionally, the Coalition has shown strong performance in managing its assets as evidenced by a low liabilities to assets ratio of 1.98% and a high program expense ratio of 88.34%, demonstrating effective allocation of resources to its mission.
However, the rating also highlights some areas for improvement, particularly regarding governance policies. The Coalition is lacking a whistleblower policy and a document retention and destruction policy, which are important for transparency and risk management. While the Coalition demonstrates a commitment to accountability through its independent board and financial practices, addressing these policy gaps could strengthen its overall governance framework.
In summary, the West Broadway Area Coalition exhibits strong financial management and governance practices, earning it an overall positive rating. By addressing the noted limitations in its governance policies, the organization has the potential to enhance its operational integrity and further its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about West Broadway Area Coalition?
Though there are currently only three reviews for the West Broadway Area Coalition on Facebook, they all come with a positive sentiment. One user specifically mentions the upcoming Nura Holistic Massage & Bodywork project, indicating a promising development in the community.
This suggests that the organization is actively involved in fostering new initiatives and services for the area, which aims to enhance community well-being. Overall, the reviews reflect optimism regarding the Coalition's efforts to support local initiatives.
As more reviews are collected, it will be interesting to see how the community continues to engage with the Coalition and its programs. For now, the feedback indicates a budding enthusiasm for what the organization has in store for North Minneapolis.
This AI summary has been generated from reviews found on Facebook.
Is West Broadway Area Coalition legitimate?
West Broadway Area Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Broadway Area Coalition 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: $99,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,750
For more financial information, click here
Official website here: www.westbroadway.org
What is the mission statement of West Broadway Area Coalition?
The West Broadway Area Coalition's mission is centered around fostering collaboration between businesses, non-profit organizations, and local communities. Their primary goal is to revitalize a specific corridor, transforming it into a lively and prosperous economic hub. This initiative aims to uplift the surrounding area, ultimately creating a thriving economic community. To achieve this, the coalition organizes events like the Northside Business Luncheons, providing networking opportunities and sharing relevant information on select topics. Additionally, they offer direct business technical assistance and training through the Business Technical Assistance Program (B-TAP), supporting small businesses and promoting job creation.
Official website here: www.westbroadway.org
Who is the CEO of West Broadway Area Coalition?
Dean Rose is the Interim Executive Director of West Broadway Area Coalition.
Official website here: www.westbroadway.org
What is the revenue of West Broadway Area Coalition?
West Broadway Area Coalition's revenue in 2022 was $197,896.
Official website here: www.westbroadway.org
Who are the executives of West Broadway Area Coalition and what are their salaries?
The average compensation at West Broadway Area Coalition during 2022 was $26,823. There are 7 employees and 10 volunteers at West Broadway Area Coalition.
Here are 9 key members and their salaries:
- Compensation: $87,554
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- Other: $0
- Compensation: $11,458
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- Other: $0
Official website here: www.westbroadway.org
Where can I find the form 990 for West Broadway Area Coalition?
West Broadway Area Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westbroadway.org
Learn more at the official website: www.westbroadway.org
Mission Statement of West Broadway Area Coalition
The West Broadway Area Coalition, shortened as WBAC, is a pioneering entity that aims to foster unity among businesses, non-profit organizations, and local residents. Their objective is to revitalize the West Broadway corridor, transforming it into a dynamic and prosperous economic hub that will significantly enhance the Northside community. By bringing these diverse entities together, WBAC intends to create an inviting and vibrant atmosphere that will propel the Northside into a thriving economic community.
To achieve this mission, WBAC leads various initiatives. One such initiative is the Northside Business Luncheons, which are held monthly. These gatherings serve as a platform for networking and the exchange of information on select topics. Local restaurants and caterers in Minneapolis contribute to these events by providing lunch, contributing to the community's economic growth and fostering a sense of unity among attendees. WBAC also partners with the Northside Economic Opportunity Network (NEON) to co-host these luncheons.
Another key initiative of WBAC is the Business Technical Assistance Program (B-TAP). This program offers direct business technical assistance and training to small businesses and microenterprises located in Minneapolis. The primary goal of B-TAP is to support the growth and expansion of these Minneapolis-based businesses, ultimately contributing to job creation within the city. By offering this program, WBAC is actively investing in the economic well-being of its community.
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Impact
October, 2024
The West Broadway Area Coalition has a significant impact on the communities within Minneapolis, particularly in the Northside area. By fostering collaboration among businesses, nonprofit organizations, and local residents, it creates a vibrant and inviting West Broadway corridor. This initiative is pivotal in transforming the economic landscape of the Northside into a thriving community.
One of the key programs is the Northside Business Luncheons, which serve as a platform for networking and knowledge-sharing, where business owners and community members can discuss relevant topics over lunch from local eateries. This not only strengthens business relationships but also supports local restaurants and caterers.
Additionally, the Business Technical Assistance Program (B-TAP) plays a crucial role by providing direct support to small businesses and microenterprises. By helping these businesses start or expand, B-TAP effectively aids in job creation and economic growth in Minneapolis. Overall, the coalition's programs contribute to community improvement, ensuring that the West Broadway corridor becomes a central hub for economic activity and community engagement.
This information is meant to be a general summary of West Broadway Area Coalition. 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.
- Gross Receipts: $197,896
Assets and Liabilities:
- Total Assets: $2,785,444
- Total Liabilities: $55,256
- Net Assets: $2,730,188
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Organization Details
Founding Year
2004
Phone
(612) 353-5178Principal Officer
Dean Rose
Main Address
1501 W Broadway Ave Suite 2B, Minneapolis, MN, 55411
Website
www.westbroadway.orgNTEE Category
Code: S31 - Community improvement
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