Overview
What is Bladen's Bloomin' Agri-Industrial Inc?
Bladen's Bloomin' Agri-Industrial Inc is a nonprofit organization situated in Elizabethtown, North Carolina, specifically at 218 Aviation Parkway A, 28337. Their primary objective is to foster economic growth in Bladen County while simultaneously alleviating the financial burden on the government. They achieve this by offering financial opportunities for local industries, enabling expansion and job creation. Specifically, they issue interest-bearing notes for the purchase of equipment and buildings, which are then leased to the industries. This model allows for depreciation expenses to be attributed to the leased buildings. With a workforce of eight employees, Bladen's Bloomin' Agri-Industrial Inc plays a significant role in promoting the economic well-being of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Bladen's Bloomin' Agri-Industrial Inc has received a 75% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization boasts 100% independent board members and scores highly in various governance metrics, including a conflict of interest policy and proper documentation practices.
The charity excels in its financial management, with a program expense ratio of 86.41%, meaning a significant portion of its funds is directed towards its programs. Additionally, its liabilities to assets ratio stands at a healthy 42.39%, demonstrating a solid financial footing. However, while the overall rating is positive, there may be opportunities for further improvement in certain operational areas to enhance its effectiveness and transparency.
Overall, Bladen's Bloomin' Agri-Industrial Inc shows strong metrics in governance and financial accountability, making it a reliable option for donors seeking to support an organization with a commitment to responsible management and program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Bladen's Bloomin' Agri-Industrial Inc legitimate?
Bladen's Bloomin' Agri-Industrial Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bladen's Bloomin' Agri-Industrial 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: $149,009
For more financial information, click here
What is the mission statement of Bladen's Bloomin' Agri-Industrial Inc?
Bladen's Bloomin' Agri-Industrial Inc is committed to fostering economic growth in its respective region, while simultaneously reducing the burden on the government. As part of its mission, the organization provides financial opportunities for local industries, enabling them to expand and create job opportunities. The organization takes an interest in notes for equipment and building purchases, which it leases to industries, incorporating depreciation into the lease agreements. This approach aims to contribute to the economic development of the region while alleviating financial strain on the government.
Who is the CEO of Bladen's Bloomin' Agri-Industrial Inc?
Leon Martin is the President of Bladen's Bloomin' Agri-Industrial Inc.
What is the revenue of Bladen's Bloomin' Agri-Industrial Inc?
Bladen's Bloomin' Agri-Industrial Inc's revenue in 2022 was $1,481,904.
Who are the executives of Bladen's Bloomin' Agri-Industrial Inc and what are their salaries?
The average compensation at Bladen's Bloomin' Agri-Industrial Inc during 2022 was $18,626. There are 8 employees at Bladen's Bloomin' Agri-Industrial Inc.
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Where can I find the form 990 for Bladen's Bloomin' Agri-Industrial Inc?
Bladen's Bloomin' Agri-Industrial Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bladen's Bloomin' Agri-Industrial Inc
Bladen's Bloomin' Agri-Industrial Inc, a nonprofit organization, is committed to fostering economic growth in Bladen County while simultaneously reducing the burden on the government. Their mission is twofold: to provide financial opportunities for local industries, enabling them to expand and create job opportunities, and to lease buildings and equipment to these industries as part of their mission. The organization depreciates the cost of the leased buildings, contributing to their goal of reducing the financial strain on the government. By supporting local industries, Bladen's Bloomin' Agri-Industrial Inc aims to stimulate economic development in the region, thereby creating a more prosperous community.
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Impact
July, 2024
Bladen's Bloomin' Agri-Industrial Inc's impact is focused on promoting economic development in Bladen County while also reducing the burden on the government. This organization provides local industry with financial opportunities to expand and create jobs. By offering notes for equipment and building purchases for lease to industry, they play a significant role in supporting the growth of businesses in the area. Their mission of promoting economic development and community improvement in Elizabethtown, NC, reflects their commitment to strengthening the local economy and creating opportunities for job growth.
This information is meant to be a general summary of Bladen's Bloomin' Agri-Industrial 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: $20,538
- Program Service Revenue: $1,144,930
- Gross Receipts: $1,481,904
Assets and Liabilities:
- Total Assets: $12,665,652
- Total Liabilities: $5,369,440
- Net Assets: $7,296,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$1,009,468
LEASE INTEREST
Revenue
$135,462
Organization Details
Founding Year
2002
Phone
(910) 645-2292Principal Officer
Leon Martin
Main Address
218 AVIATION PARKWAY A, ELIZABETHTOWN, NC, 28337
NTEE Category
Code: S30 - Community improvement
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