Overview
What is Greater St Louis Inc Foundation?
Greater St. Louis Inc. Foundation is a supporting entity, primarily dedicated to providing funding for eligible programs and activities carried out by Greater St. Louis, Inc. These initiatives encompass various projects, such as the SLBDI Fellows Experience, the Diverse Business Accelerator, promoting the region's global competitiveness, and enhancing the vibrancy and safety of downtown St. Louis. In 2022, Greater St. Louis, Inc. executed several initiatives, including graduating over 100 multicultural executives from the SLBDI Fellows Experience, supporting 8 minority-owned businesses through the Diverse Business Accelerator, and developing a regional homicide reduction strategy, among others. The foundation's purpose is to contribute to the betterment of its supported organization, Greater St. Louis, Inc., which is recognized as a nonprofit entity under Section 509(A)(3) of the Internal Revenue Code.
Official website here: www.greaterstlinc.com
What are the reviews and ratings of this charity?
Greater St Louis Inc Foundation holds an 87% rating from Charity Navigator, earning a Three-Star out of Four Star rating. This score reflects strong accountability and finance practices, indicating the organization is well-managed and responsible with its funds. The foundation excels particularly in aspects such as program expense ratio and fundraising efficiency, demonstrating an effective allocation of resources towards its mission.
The organizational strengths include a fully independent board of directors, a solid financial position with no liabilities to assets, and a commitment to transparency evident through comprehensive policies related to conflict of interest and document retention. However, the foundation has limitations regarding the size of its independent board members and the audit of financial statements, which suggests areas for potential improvement.
User reviews from GreatNonprofits were not available for this organization, which limits the insights on community perception and user experiences. Overall, the Greater St Louis Inc Foundation demonstrates a solid financial standing and commitment to transparency, though some governance aspects might benefit from enhancement.
This AI summary has been generated from information found on Charity Navigator.
Is Greater St Louis Inc Foundation legitimate?
Greater St Louis Inc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater St Louis Inc Foundation 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.greaterstlinc.com
What is the mission statement of Greater St Louis Inc Foundation?
The Greater St Louis Inc Foundation is established to primarily support an organization, recognized as a 501(c)(3), known as Greater St. Louis, Inc. The foundation's purpose is to benefit this organization, assist in its functions, and carry out its mission, in accordance with Section 509(a)(3) of the Internal Revenue Code. It is crucial to note that the supported organization must maintain its 509(a)(2) status if it were categorized as a 501(c)(3) entity. The main objective of the foundation is to contribute to the success and continuity of the supported organization.
Official website here: www.greaterstlinc.com
Who is the CEO of Greater St Louis Inc Foundation?
Jason Hall is the Secretary of Greater St Louis Inc Foundation.
Official website here: www.greaterstlinc.com
What is the revenue of Greater St Louis Inc Foundation?
Greater St Louis Inc Foundation's revenue in 2022 was $7,506,188.
Official website here: www.greaterstlinc.com
Who are the executives of Greater St Louis Inc Foundation and what are their salaries?
There 4 volunteers at Greater St Louis Inc Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $446,000
- Other: $26,936
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $231,000
- Other: $22,895
Official website here: www.greaterstlinc.com
Where can I find the form 990 for Greater St Louis Inc Foundation?
Greater St Louis Inc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greaterstlinc.com
Learn more at the official website: www.greaterstlinc.com
Mission Statement of Greater St Louis Inc Foundation
Greater St. Louis Inc. Foundation is an organization that is committed to serving and supporting another nonprofit entity, referred to as Greater St. Louis, Inc., which falls under Section 509(A)(2) if it were a Section 501(C)(3) organization. The mission of Greater St. Louis Inc. Foundation is to ensure that Greater St. Louis, Inc. operates exclusively for the benefit of its purpose and functions, as per Section 509(A)(3) of the Internal Revenue Code. This means that Greater St. Louis Inc. Foundation is dedicated to furthering the goals and objectives of Greater St. Louis, Inc., thereby contributing to its overall growth and success. The specific nature and focus of Greater St. Louis, Inc. are not provided in the information provided, but it is clear that Greater St. Louis Inc. Foundation plays a crucial role in supporting and enabling its sister organization to achieve its objectives.
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Impact
July, 2024
The Greater St Louis Inc Foundation plays a vital role in supporting the initiatives and activities of Greater St. Louis, Inc. Through its funding, the foundation helps in various endeavors such as the SLBDI Fellows Experience, the Diverse Business Accelerator, enhancing downtown St. Louis's vibrancy and safety, and promoting the region's global competitiveness. In 2022, these efforts resulted in significant outcomes, including graduating multicultural executives, supporting minority-owned companies, developing a regional homicide reduction strategy, marketing economic vibrancy, organizing street festivals, and reintroducing transatlantic flights from St. Louis to Europe after two decades. The foundation's impact extends to improving the community, fostering economic growth, and promoting diversity and innovation in the region.
This information is meant to be a general summary of Greater St Louis Inc Foundation. 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: $425,000
- Gross Receipts: $7,506,188
Assets and Liabilities:
- Total Assets: $10,714,042
- Total Liabilities: $0
- Net Assets: $10,714,042
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION - FELLOWS
Revenue
$425,000
Organization Details
Founding Year
1988
Phone
(314) 231-5555Principal Officer
Jason Hall
Main Address
211 N BROADWAY 2200, ST LOUIS, MO, 63102
Website
www.greaterstlinc.comNTEE Category
Code: S33I - Community improvement
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