Overview
What is Neosho Area Business & Industrial Foundation Inc?
The Neosho Area Business and Industrial Foundation Inc is a nonprofit organization with a mission to enhance employment prospects and improve the overall living standards for residents in the Neosho area. They accomplish this goal by focusing on business and industrial development projects. Their activities are centered around fostering better job opportunities, thereby raising the community's quality of life. Although the specific programs and initiatives they undertake are not specified in the information provided, it is clear that this organization is dedicated to benefiting the local community and its people.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
The Neosho Area Business & Industrial Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding accountability and financial practices. The organization scored only 27% overall, reflecting a lack of transparency and critical governance policies. While the board consists entirely of independent members, the absence of essential financial statements and policies raises red flags about its operational integrity.
Strengths noted include a fully independent board, which can provide unbiased oversight. However, the foundation's failure to provide financial documentation and the lack of a conflict of interest policy are major drawbacks. These issues suggest that the organization may not be adequately safeguarding its assets or operating in a transparent manner, which is vital for building trust with stakeholders and donors.
The program expense ratio is particularly concerning at just 0.13%, indicating a minimal amount of funds are being allocated towards the organization's mission-related activities. Overall, the foundation's performance in financial accountability and transparency is lacking, warranting caution for potential donors and stakeholders considering engagement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Neosho Area Business & Industrial Foundation Inc legitimate?
Neosho Area Business & Industrial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neosho Area Business & Industrial Foundation Inc 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: $354,637
For more financial information, click here
What is the mission statement of Neosho Area Business & Industrial Foundation Inc?
The Neosho Area Business & Industrial Foundation Inc is committed to enhancing employment prospects and improving the overall living standards for individuals in its community. It achieves this goal through various initiatives, primarily focusing on business and industrial development. By fostering a conducive environment for employment, the foundation aims to elevate the quality of life for its community members.
Who is the CEO of Neosho Area Business & Industrial Foundation Inc?
Jeff Werneke is the Chairman, Director of Neosho Area Business & Industrial Foundation Inc. The CEO's salary of Neosho Area Business & Industrial Foundation Inc is $0 and their total compensation is $0.
What is the revenue of Neosho Area Business & Industrial Foundation Inc?
Neosho Area Business & Industrial Foundation Inc's revenue in 2022 was $803,102.
Who are the executives of Neosho Area Business & Industrial Foundation Inc and what are their salaries?
The average compensation at Neosho Area Business & Industrial Foundation Inc during 2022 was $177,318. There are 2 employees at Neosho Area Business & Industrial Foundation Inc.
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Where can I find the form 990 for Neosho Area Business & Industrial Foundation Inc?
Neosho Area Business & Industrial Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Neosho Area Business & Industrial Foundation Inc
The Neosho Area Business & Industrial Foundation, in its mission, strives to enhance employment prospects and improve the overall quality of life for individuals residing in the area. The organization achieves this goal by promoting business and industrial development through various programs. By fostering these opportunities, the Neosho Area Business & Industrial Foundation contributes to raising the standard of living within the community.
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Impact
July, 2024
Neosho Area Business & Industrial Foundation Inc plays a crucial role in fostering greater employment opportunities and raising the quality and standard of living for people in the Neosho area. Through its programs focused on business and industrial development, the foundation contributes to economic growth and community improvement in the area. By supporting the creation of jobs and enhancing the overall economic climate, the foundation positively impacts the lives of individuals in the Neosho community.
This information is meant to be a general summary of Neosho Area Business & Industrial Foundation Inc. 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: $84
- Program Service Revenue: $698,382
- Gross Receipts: $803,102
Assets and Liabilities:
- Total Assets: $2,622,930
- Total Liabilities: $694,380
- Net Assets: $1,928,550
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSE BUREAU FEES
Revenue
$486,322
REAL PROPERTY RENT INC
Revenue
$208,400
MISCELLANEOUS REVENUE
Revenue
$3,660
Organization Details
Founding Year
1988
Phone
(417) 451-1925Principal Officer
Jeff Werneke
Main Address
216 W SPRING ST, NEOSHO, MO, 64850
NTEE Category
Code: S31 - Community improvement
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