Overview
What is Microenterprise Resources Initiatives And Training?
Microenterprise Resources Initiatives and Training, often referred to as MERIT PNW, is a nonprofit based in Keizer, Oregon. Their primary mission is to empower a diverse emerging business community by offering access to capital, expert entrepreneurial and financial management training, and technical assistance. This includes family-oriented finance management, financial literacy, and entrepreneurial skills, aimed at fostering generational wealth, self-advocacy, inclusiveness, and building an environment of equitable prosperity. Through business development, financial education, and specialized workshops, MERIT PNW served around 125 individuals in Marion, Polk, Yamhill, and surrounding counties during the specified period, assisting them in launching and growing successful small businesses.
Official website here: www.meritpnw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
Microenterprise Resources Initiatives And Training has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The score is based entirely on a single beacon score, emphasizing the organization's commitment to transparency and responsible financial management, particularly during its most recent fiscal year, FY2023.
The organization demonstrates robust governance practices, with a fully independent board of directors, and has successfully implemented comprehensive policies on conflict of interest, whistleblowing, and document retention. Additionally, the absence of any material diversion of assets indicates a high level of financial integrity. The program expense ratio of 66.48% also suggests that a significant portion of its funds is allocated toward fulfilling its mission.
However, while the overall financial health appears solid, the program expense ratio, although noteworthy, indicates that there is room for improvement in this area to maximize impact. Moving forward, the organization may benefit from increasing its program spending to further enhance its effectiveness and outreach.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Microenterprise Resources Initiatives And Training?
It appears that Microenterprise Resources Initiatives And Training has received a few reviews on Facebook, with a total of four evaluations so far. While they have not accumulated a formal rating yet, one reviewer expressed gratitude for the professionalism and assistance provided by the organization in helping with their business.
This sentiment reflects a favorable impression of the nonprofit's impact on individuals seeking support in their entrepreneurial efforts. The single review indicates that MERIT is appreciated for its hands-on approach and dedication to helping clients succeed.
Overall, there is a sense of positivity surrounding the services offered by Microenterprise Resources Initiatives And Training, suggesting that they are on the right path to fostering growth and providing valuable resources to the community.
This AI summary has been generated from reviews found on Facebook.
Is Microenterprise Resources Initiatives And Training legitimate?
Microenterprise Resources Initiatives And Training is a legitimate nonprofit organization registered as a 501(c)(3) entity. Microenterprise Resources Initiatives And Training 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: $71,299
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,098
For more financial information, click here
Official website here: www.meritpnw.org
What is the mission statement of Microenterprise Resources Initiatives And Training?
Microenterprise Resources Initiatives and Training, often referred to as MERIT, aims to assist an emerging diverse business community in Oregon. Their mission is to provide access to capital and expert entrepreneurial and financial management training and technical assistance. This includes instruction in family-oriented finance management, financial literacy, and entrepreneurial skills. The goal is to help individuals build generational wealth, foster inclusiveness, and create an environment of equitable prosperity. MERIT's activities are centered around self-advocacy, fostering a sense of inclusivity, and building a community that supports equitable business growth.
Official website here: www.meritpnw.org
Who is the CEO of Microenterprise Resources Initiatives And Training?
Victor Vasquez is the Executive Director of Microenterprise Resources Initiatives And Training.
Official website here: www.meritpnw.org
What is the revenue of Microenterprise Resources Initiatives And Training?
Microenterprise Resources Initiatives And Training's revenue in 2022 was $158,688.
Official website here: www.meritpnw.org
Who are the executives of Microenterprise Resources Initiatives And Training and what are their salaries?
The average compensation at Microenterprise Resources Initiatives And Training during 2022 was $36,879. There are 5 employees and 1 volunteer at Microenterprise Resources Initiatives And Training.
Here are 5 key members and their salaries:
- Compensation: $71,591
- Related: $0
- Other: $2,499
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.meritpnw.org
Where can I find the form 990 for Microenterprise Resources Initiatives And Training?
Microenterprise Resources Initiatives And Training's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.meritpnw.org
Learn more at the official website: www.meritpnw.org
Mission Statement of Microenterprise Resources Initiatives And Training
Microenterprise Resources Initiatives and Training, often referred to as MERIT, is committed to supporting an emerging diverse business community in Oregon. Their mission is twofold: firstly, they aim to provide access to capital, and secondly, they offer expert entrepreneurial and financial management training and technical assistance. This assistance encompasses a range of skills, including family-oriented finance management, financial literacy, and entrepreneurial skills. The ultimate goal is to foster generational wealth and self-advocacy, promote inclusiveness, and establish an environment of equitable prosperity. By doing so, MERIT empowers individuals to launch and grow successful small businesses, contributing to the overall economic growth and diversity of the community.
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Impact
October, 2024
Microenterprise Resources Initiatives And Training (MERIT) plays a significant role in fostering entrepreneurship and economic development in Marion, Polk, Yamhill, and surrounding counties in Oregon. By providing business development training and financial education, MERIT has impacted approximately 125 individuals, equipping them with the necessary skills to start, launch, and grow successful small businesses.
Through specialized workshops, participants gain critical entrepreneurial and financial management skills that support their business ambitions. This training is designed to empower a diverse business community, ensuring that emerging entrepreneurs have access to the resources they need to thrive. MERIT emphasizes family-oriented finance management and financial literacy, which not only aids in business success but also promotes generational wealth and self-advocacy.
The focus on inclusiveness and equitable prosperity helps foster an environment where all individuals, regardless of their background, can contribute to and benefit from the local economy. By nurturing these entrepreneurial ventures, MERIT supports community improvement and economic resilience, ultimately enhancing the quality of life for residents in the region.
This information is meant to be a general summary of Microenterprise Resources Initiatives And Training. 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: $15,737
- Gross Receipts: $158,688
Assets and Liabilities:
- Total Assets: $35,746
- Total Liabilities: $58,494
- Net Assets: -$22,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$15,737
Organization Details
Founding Year
2007
Phone
(503) 584-7314Principal Officer
Victor Vasquez
Main Address
4494 RIVER RD N 111, KEIZER, OR, 97303
Website
www.meritpnw.orgNTEE Category
Code: S43 - Community improvement
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