Overview
What is Downtown West Plains Inc?
Downtown West Plains Inc, a nonprofit based in West Plains, Missouri, is dedicated to supporting local entrepreneurs and business owners at various stages of their ventures. Its primary mission is to provide a conducive environment for skill development, relationship building, funding acquisition, and business growth. This is achieved through the operation of the Ozarks Small Business Incubator, which offers resources and assistance to help local entrepreneurs thrive. With a dedicated workforce of four employees, Downtown West Plains Inc is committed to fostering a vibrant and prosperous business community in West Plains.
Official website here: www.ozsbi.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Downtown West Plains Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization demonstrates robust governance practices, with a fully independent board, and maintains clear financial statements, supported by an audit. Their commitment to transparency is evident, as they have successfully avoided any material diversion of assets and follow essential policies for conflicts of interest.
While the organization shows strength in most areas, there are a couple of noted limitations. Specifically, they are missing policies for whistleblower protection and document retention and destruction. These omissions may indicate areas for improvement in their governance practices. Despite this, the financial health of the organization remains strong, with a favorable liabilities to assets ratio and a high percentage of expenses allocated to programs.
Overall, Downtown West Plains Inc appears to be a reliable organization, with commendable financial practices and governance, although addressing the missing policies could enhance their accountability even further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Downtown West Plains Inc?
96% of 12 reviewers on Facebook recommend Downtown West Plains Inc. Here is a summary of their reviews:
Supporters express strong enthusiasm for the services offered by Downtown West Plains Inc, emphasizing the organization's commitment to helping individuals start and grow their small businesses. Many highlight the comprehensive resources available, such as mentoring, micro-loan programs, and office space, all of which contribute to a supportive environment for aspiring entrepreneurs.
The overall sentiment reflects a positive experience with the nonprofit, as reviewers appreciate the guidance and assistance provided to help turn dreams into reality. The organization is viewed as a vital resource within the community that effectively delivers on its promises to its users.
This AI summary has been generated from reviews found on Facebook.
Is Downtown West Plains Inc legitimate?
Downtown West Plains Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown West Plains 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: $184,248
For more financial information, click here
Official website here: www.ozsbi.com
What is the mission statement of Downtown West Plains Inc?
Downtown West Plains Inc aims to offer support to entrepreneurs and business owners at various stages of their ventures. Their primary mission is to help these local entrepreneurs acquire business skills, establish connections, secure funding, and foster the growth of successful businesses. To achieve this, they operate the Ozarks Small Business Incubator.
Official website here: www.ozsbi.com
Who is the CEO of Downtown West Plains Inc?
Myles Smith is the Chair of Downtown West Plains Inc.
Official website here: www.ozsbi.com
What is the revenue of Downtown West Plains Inc?
Downtown West Plains Inc's revenue in 2022 was $586,192.
Official website here: www.ozsbi.com
Who are the executives of Downtown West Plains Inc and what are their salaries?
The average compensation at Downtown West Plains Inc during 2022 was $46,062. There are 4 employees at Downtown West Plains Inc.
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Official website here: www.ozsbi.com
Where can I find the form 990 for Downtown West Plains Inc?
Downtown West Plains Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ozsbi.com
Learn more at the official website: www.ozsbi.com
Mission Statement of Downtown West Plains Inc
Downtown West Plains Inc, a nonprofit organization, is dedicated to supporting entrepreneurs and business owners at various stages of their business development. Their mission is threefold: to help local entrepreneurs gain essential business skills, to foster relationships within the business community, and to aid in the procurement of funding to ensure the growth of successful businesses. To achieve this, Downtown West Plains Inc operates the Ozarks Small Business Incubator, which serves as a hub for entrepreneurs to hone their skills, network, secure funding, and ultimately, grow their businesses. The organization's mission is a beacon of hope for aspiring business owners, offering them the tools and resources necessary to thrive in their respective industries.
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Impact
July, 2024
Downtown West Plains Inc's impact is felt through its dedicated efforts to support entrepreneurs and business owners at all stages of business development. By maintaining and operating the Ozarks Small Business Incubator, they provide a crucial resource for local entrepreneurs to gain business skills, build relationships, access funding, and ultimately grow successful businesses. Their mission to empower and nurture the growth of businesses in West Plains, MO is reflected in their ongoing commitment to creating a thriving environment for local entrepreneurs to excel.
This information is meant to be a general summary of Downtown West Plains 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.
- Program Service Revenue: $279,849
- Gross Receipts: $586,192
Assets and Liabilities:
- Total Assets: $3,898,610
- Total Liabilities: $286,069
- Net Assets: $3,612,541
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION
Revenue
$19,860
MEMBERSHIPS
Revenue
$13,460
RENTAL
Revenue
$100,570
RENTER INCOME
Revenue
$115,895
Organization Details
Founding Year
1998
Phone
(417) 256-6487Principal Officer
Myles Smith
Main Address
408 WASHINGTON AVENUE, WEST PLAINS, MO, 65775
Website
www.ozsbi.comNTEE Category
Code: C50 - Environment
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