Overview
What is Rural Missouri Incorporated?
Rural Missouri Incorporated (RMI) is a nonprofit organization situated in Jefferson City, Missouri. Its primary mission is to stimulate the economic and commercial growth of midwestern states by supporting and aiding the expansion of small businesses within its service area. By doing so, RMI aims to contribute positively to the local population by boosting employment, payroll, business volume, tax base, and citizen retention. In the fiscal year 2021, RMI approved three Integrated Rural Development (IRP) loans totaling $573,500 and funded one IRP loan for $225,000. Additionally, they provided direct loans, SBA 504 loans, and created a significant number of jobs while retaining others in the region. The organization, with a team of 12 employees, operates with the goal of fostering a thriving economic environment in the Midwestern United States.
Official website here: www.rmiinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Rural Missouri Incorporated has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in the area of Accountability & Finance. The organization has demonstrated a commitment to transparency and sound financial practices, with a perfect score in multiple categories including the independence of its board members and the thoroughness of its financial audits.
The charity's financial health is notably robust, with a low liabilities-to-assets ratio and a program expense ratio of nearly 90%, indicating that a significant portion of its resources is directed toward its mission-driven activities. Furthermore, the organization has established comprehensive policies for conflict of interest, whistleblower protections, and document retention, which reinforces its commitment to ethical governance.
While the data highlights numerous strengths, some aspects of user feedback are not reported here. Nevertheless, the overall assessment suggests that Rural Missouri Incorporated is a well-managed organization that prioritizes accountability and effective use of funds for its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Rural Missouri Incorporated legitimate?
Rural Missouri Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rural Missouri Incorporated 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: $242,228
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,064,544
For more financial information, click here
Official website here: www.rmiinc.org
What is the mission statement of Rural Missouri Incorporated?
Rural Missouri Incorporated is dedicated to fostering economic and commercial growth in Midwestern states. Their primary goal is to assist and support the development of small businesses within their service area. This initiative aims to benefit the residents of the Midwestern states by increasing employment, payroll, business volume, tax base, and citizen retention. In essence, Rural Missouri Incorporated strives to drive prosperity and growth in the local business sector, thereby enhancing the overall well-being of the region's community.
Official website here: www.rmiinc.org
Who is the CEO of Rural Missouri Incorporated?
Gene Wiseman is the President of Rural Missouri Incorporated.
Official website here: www.rmiinc.org
What is the revenue of Rural Missouri Incorporated?
Rural Missouri Incorporated's revenue in 2022 was $2,995,423.
Official website here: www.rmiinc.org
Who are the executives of Rural Missouri Incorporated and what are their salaries?
The average compensation at Rural Missouri Incorporated during 2022 was $108,898. There are 12 employees at Rural Missouri Incorporated.
Here are 13 key members and their salaries:
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Official website here: www.rmiinc.org
Where can I find the form 990 for Rural Missouri Incorporated?
Rural Missouri Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rmiinc.org
Learn more at the official website: www.rmiinc.org
Mission Statement of Rural Missouri Incorporated
Rural Missouri Incorporated, or RMI, is a nonprofit organization with a mission to foster economic and commercial development in the Midwestern United States. Specifically, its purpose is to promote and aid in the growth and development of small businesses within its service area. This is done with the aim of benefiting the residents of the Midwestern states, as measured by increased employment, payroll, business volume, tax base, and citizen retention. In essence, RMI works to stimulate the growth of small businesses in the Midwest, contributing positively to the local economy and community.
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Impact
July, 2024
Rural Missouri Incorporated's impact can be seen through its efforts to further promote economic and commercial development in the Midwestern United States. By supporting the growth and development of small businesses within its service area, RMI has directly contributed to increased employment, payroll, business volume, tax base, and citizen retention. In FY21 alone, RMI approved multiple loans totaling millions of dollars, resulting in the creation of 633 new jobs and the retention of 327 existing jobs. Through its initiatives, RMI plays a crucial role in driving economic growth and stability in the region, ultimately benefiting residents and communities across the Midwest.
This information is meant to be a general summary of Rural Missouri Incorporated. 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: $250,134
- Program Service Revenue: $2,719,189
- Gross Receipts: $2,995,423
Assets and Liabilities:
- Total Assets: $9,731,881
- Total Liabilities: $527,487
- Net Assets: $9,204,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$2,719,189
Organization Details
Phone
(573) 634-0560Principal Officer
Gene Wiseman
Main Address
3324 EMERALD LANE, JEFFERSON CITY, MO, 65109
Website
www.rmiinc.orgNTEE Category
Code: J200 - Employment
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