Overview
What is Regional Business Council?
The Regional Business Council is a nonprofit organization situated in Saint Louis, Missouri. Its mission is to unite and engage members to positively influence high-impact business, civic, and philanthropic affairs in the St. Louis region. The council's primary focus areas include advocating for and funding programs that improve overall quality of life, enhancing educational opportunities, particularly for disadvantaged youth, supporting talent development initiatives, promoting business diversity and minority-owned enterprises, advocating for transportation infrastructure improvement, strengthening regional nonprofit organizations, and encouraging member involvement in community activities. In pursuit of these goals, the council recently provided $105,000 to six organizations through Social Venture Partners, enabling educational opportunities for over 8,000 youth in the St. Louis area. This support includes funding for after-school programs, summer academies, free eyeglasses, and cybersecurity apprenticeships, aiming to strengthen the skilled workforce in the region.
Official website here: www.stlrbc.org
What are the reviews and ratings of this charity?
79% rating from Charity Navigator indicates that the Regional Business Council has a Three-Star out of Four Star rating, which reflects a solid performance in accountability and finance. The organization has been recognized for having a fully independent board and maintaining strong financial practices, such as having no material diversion of assets and a high program expense ratio of 91.76%.
The strengths of the Regional Business Council include excellent governance practices, evidenced by their comprehensive policies on conflicts of interest, whistleblowing, and document retention. The organization also maintains transparency by listing its website on tax forms and documenting board meeting minutes effectively. These factors contribute positively to their overall rating.
However, there are some areas for improvement, particularly in fundraising efficiency where the organization scored lower with $0.01. Additionally, the liabilities to assets ratio of 55.20% indicates a moderate level of debt relative to its assets. These limitations suggest that while the organization excels in accountability and operations, there are financial aspects that could be optimized for better sustainability and outreach.
This AI summary has been generated from information found on Charity Navigator.
Is Regional Business Council legitimate?
Regional Business Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regional Business Council 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: $585,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $433,336
For more financial information, click here
Official website here: www.stlrbc.org
What is the mission statement of Regional Business Council?
The Regional Business Council's mission is to bring together its members for collective action in high-impact business, civic, and philanthropic affairs, aiming to enhance the well-being of the region. Their core focus areas include advocating for and funding programs that enhance the overall quality of life, improving educational opportunities, particularly for disadvantaged youth, supporting talent development initiatives, advocating for business diversity, promoting transportation infrastructure improvements, strengthening and funding regional non-profit organizations, and encouraging member involvement and community investment.
Official website here: www.stlrbc.org
Who is the CEO of Regional Business Council?
Kathleen T Osborn is the President And Ceo of Regional Business Council. The CEO's salary of Regional Business Council is $473,568 and their total compensation is $585,250.
Official website here: www.stlrbc.org
What is the revenue of Regional Business Council?
Regional Business Council's revenue in 2022 was $3,387,599.
Official website here: www.stlrbc.org
Who are the executives of Regional Business Council and what are their salaries?
The average compensation at Regional Business Council during 2022 was $127,323. There are 8 employees and 500 volunteers at Regional Business Council.
Here are 131 key members and their salaries (Regional Business Council's CEO's salary is $473,568 and their total compensation is $585,250):
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Official website here: www.stlrbc.org
Where can I find the form 990 for Regional Business Council?
Regional Business Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stlrbc.org
Learn more at the official website: www.stlrbc.org
Mission Statement of Regional Business Council
The Regional Business Council, a unifying organization, aims to rally its members to engage in high-impact business, civic, and philanthropic affairs. Their mission is centered around bettering the St. Louis region. They focus on several core areas, including advocating for and funding regional programs that enhance the overall quality of life. They pay special attention to disadvantaged youth, aiming to improve their educational opportunities.
In addition to this, the council supports talent development initiatives with bi-state colleges and universities. They also prioritize business diversity issues, funding organizations that strengthen the pool of diverse talent or support the development of minority-owned enterprises. Moreover, they advocate for the improvement of transportation infrastructure, focusing on areas such as roads, bridges, and aviation.
The Regional Business Council is also committed to strengthening and funding regional nonprofit organizations that enhance the quality of life for their citizens and provide necessary services. Furthermore, they strive to increase the involvement and investment of RBC members in their work and the broader community. By engaging in these various activities, the Regional Business Council seeks to contribute positively to the St. Louis region.
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Impact
July, 2024
The Regional Business Council plays a crucial role in uniting and engaging its members to take action on high-impact business, civic, and philanthropic affairs for the betterment of the St. Louis region. Its activities focus on advocating for and funding regional programs that enhance the overall quality of life, improving educational opportunities for all students with a specific focus on disadvantaged youth, supporting talent development initiatives with bi-state colleges and universities, addressing business diversity issues, advocating for transportation infrastructure improvements, strengthening regional organizations that enhance citizen quality of life, and increasing member involvement and investment in the community. Through initiatives like providing educational opportunities for over 8,000 youth through partnerships and supporting initiatives that strengthen the skilled workforce, the Regional Business Council positively impacts the region by promoting community improvement and enhancing the well-being of its residents.
This information is meant to be a general summary of Regional Business Council. 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: $36,862
- Gross Receipts: $3,387,599
Assets and Liabilities:
- Total Assets: $4,663,284
- Total Liabilities: $2,494,577
- Net Assets: $2,168,707
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Organization Details
Founding Year
2001
Phone
(314) 225-2100Principal Officer
Kathleen T Osborn
Main Address
7701 FORSYTH BOULEVARD 205, SAINT LOUIS, MO, 631051875
Website
www.stlrbc.orgNTEE Category
Code: S20 - Community improvement
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