Overview
What is Growth Partners Arizona?
Growth Partners Arizona is a recognized Community Development Financial Institution (CDFI) located in Tucson, Arizona. With a mission to promote economic growth and equity, the organization provides accessible, fair, and responsible loans and support to nonprofits and small businesses that are often overlooked by mainstream financial institutions. By offering operational resources and business guidance, Growth Partners Arizona aims to enhance the lives and economic well-being of Arizona residents. This U.S. Treasury Department-certified CDFI operates with a focus on socially responsible lending, contributing to the development of underserved communities within the state.
Official website here: www.growthpartnersaz.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% - Four-Star out of Four Star Rating
Growth Partners Arizona has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in both accountability and finance. The organization scores 90% for accountability, demonstrating effective governance practices, such as having a fully independent board and comprehensive oversight mechanisms. Additionally, the charity excels in its program expense ratio, dedicating over 75% of its expenses to its programs, which shows a commitment to using funds effectively.
The organization's culture and community score is 87%, reflecting positive constituent feedback and engagement strategies. Growth Partners Arizona earns full points for feedback collection and usage, highlighting its responsiveness to the community it serves. This strong emphasis on stakeholder input suggests that the organization actively seeks to improve its services and address community needs.
However, there are some areas for improvement, particularly in equity data and policies. While the charity has a solid overall score, it received lower marks in specific equity measures, which could indicate a need for enhanced focus on equity strategies and data collection practices. Overall, Growth Partners Arizona demonstrates a strong commitment to transparency and effective service delivery, but addressing equity-related gaps could further enhance its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Growth Partners Arizona legitimate?
Growth Partners Arizona is a legitimate nonprofit organization registered as a 501(c)(3) entity. Growth Partners Arizona 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.growthpartnersaz.org
What is the mission statement of Growth Partners Arizona?
Growth Partners Arizona, a U.S. Treasury Department-certified Community Development Financial Institution, is committed to providing accessible, fair, and responsible loans and support to nonprofits and economically underserved small businesses that operate outside the economic mainstream. Their mission is to assist these entities in gaining the operational resources and business guidance they need, ultimately aiming to improve the lives and economic wellbeing of the community. Growth Partners Arizona operates as a CDFI, offering financial aid with the goal of fostering sustainable growth and development in the sector.
Official website here: www.growthpartnersaz.org
Who is the CEO of Growth Partners Arizona?
Evelyn Casuga is the Chair of Growth Partners Arizona.
Official website here: www.growthpartnersaz.org
What is the revenue of Growth Partners Arizona?
Growth Partners Arizona's revenue in 2022 was $1,079,101.
Official website here: www.growthpartnersaz.org
Who are the executives of Growth Partners Arizona and what are their salaries?
There 18 volunteers at Growth Partners Arizona.
Here are 12 key members and their salaries:
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- Related: $800
- Other: $0
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- Related: $302,816
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- Related: $1,100
- Other: $0
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- Related: $500
- Other: $0
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- Other: $0
- Compensation: $93,977
- Related: $0
- Other: $32,030
Official website here: www.growthpartnersaz.org
Where can I find the form 990 for Growth Partners Arizona?
Growth Partners Arizona's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.growthpartnersaz.org
Learn more at the official website: www.growthpartnersaz.org
Mission Statement of Growth Partners Arizona
Growth Partners Arizona, a U.S. Treasury Department-certified Community Development Financial Institution, is dedicated to its mission of providing accessible, fair, and responsible loans and support to Arizona's nonprofits and economically underserved small businesses that operate outside the economic mainstream. By serving as a financial resource, Growth Partners Arizona aims to assist nonprofit leaders and small business owners in gaining the operational resources and business guidance they need to enhance the lives and economic wellbeing of Arizona residents. The institution's mission is to bridge the financial gap for these underrepresented entities, ensuring they have the necessary support to thrive and contribute positively to their communities.
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Impact
July, 2024
Growth Partners Arizona's impact is clear in the economic upliftment of Arizona's underserved small businesses and entrepreneurs. By providing accessible and fair loans, along with crucial support and guidance, Growth Partners Arizona significantly contributes to the improvement of the lives and economic well-being of Arizona residents. Their role in assisting business owners and leaders outside the economic mainstream demonstrates a commitment to community improvement and empowerment in Tucson, Arizona.
This information is meant to be a general summary of Growth Partners Arizona. 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: $1,340
- Program Service Revenue: $99,576
- Gross Receipts: $1,079,101
Assets and Liabilities:
- Total Assets: $3,443,264
- Total Liabilities: $1,990,136
- Net Assets: $1,453,128
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$76,945
FEE INCOME
Revenue
$22,631
Organization Details
Founding Year
2012
Phone
(520) 382-9218Principal Officer
Evelyn Casuga
Main Address
5049 E BROADWAY BLVD 156, TUCSON, AZ, 85711
Website
www.growthpartnersaz.orgNTEE Category
Code: S31 - Community improvement
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