Overview
What is Innogroup Foundation Inc?
Innogroup Foundation Inc, located in Zeeland, Michigan, is a nonprofit organization committed to supporting communities facing poverty. Their mission involves aiding organizations that strive to enhance resources such as water, housing, education, and job opportunities in impoverished areas. The foundation serves as a catalyst for change, leasing real estate to public charter schools and providing financial assistance to other suitable organizations. By fostering these partnerships, Innogroup Foundation Inc contributes to the betterment of underprivileged communities and enhances their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. The Innogroup Foundation Inc has an overall score of 71%, which corresponds to a Two-Star out of Four Star rating. This rating indicates that while the organization shows some strengths, there are areas that require attention to enhance its overall performance and transparency.
One of the notable strengths of the Innogroup Foundation is its commitment to governance, as evidenced by having a board of directors that is 100% independent, with 4 independent members. Additionally, the organization demonstrates excellent financial practices, with a program expense ratio of 99.18%, indicating that nearly all its expenditures are directed towards its programs. The absence of material diversion of assets and a clear conflict of interest policy further bolster its accountability.
However, despite these positive aspects, the overall rating suggests that there are still elements that need improvement. The overall score of 71% indicates a need for the foundation to enhance its operational efficiency and possibly its public engagement to achieve a higher rating in accountability and finance. Stakeholders may want to monitor these aspects closely as the organization strives for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Innogroup Foundation Inc legitimate?
Innogroup Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innogroup 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: $5,820
For more financial information, click here
What is the mission statement of Innogroup Foundation Inc?
Innogroup Foundation Inc's mission is centered around supporting organizations that aim to enhance community resources, particularly in poverty-stricken areas. These resources encompass essentials such as water, housing, education, and job opportunities. The foundation also leases real estate to public charter schools. In essence, Innogroup Foundation Inc seeks to uplift underserved communities by providing them with essential amenities and fostering educational opportunities.
Who is the CEO of Innogroup Foundation Inc?
Carolyn Vanwieren is the President of Innogroup Foundation Inc.
What is the revenue of Innogroup Foundation Inc?
Innogroup Foundation Inc's revenue in 2022 was $832,499.
Who are the executives of Innogroup Foundation Inc and what are their salaries?
There 4 volunteers at Innogroup Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Innogroup Foundation Inc?
Innogroup Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Innogroup Foundation Inc
Innogroup Foundation Inc is committed to supporting organizations that strive to enhance community resources in impoverished areas. Their mission encompasses improving essential facilities such as water, housing, education, and job opportunities. Beyond this, Innogroup Foundation Inc also leases real estate to public charter schools, contributing to the educational sector in these communities. In essence, the foundation aims to uplift the living standards and prospects of those residing in poverty-stricken areas, thereby fostering a sense of community development and progress.
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Impact
July, 2024
Innogroup Foundation Inc has a significant impact on poverty-stricken communities by supporting organizations dedicated to improving community resources such as water, housing, education, and job opportunities. Specifically, the foundation provides housing and water to areas in need, helping to alleviate some of the most pressing challenges faced by vulnerable populations. Additionally, through leasing real estate to public charter schools, the foundation also contributes to enhancing educational opportunities for underserved communities. Overall, Innogroup Foundation Inc's focus on community improvement has a tangible and positive effect on the well-being and prospects of those in need.
This information is meant to be a general summary of Innogroup 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: $5,241
- Program Service Revenue: $372,000
- Gross Receipts: $832,499
Assets and Liabilities:
- Total Assets: $6,968,546
- Total Liabilities: $3,316,193
- Net Assets: $3,652,353
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLIC CHARTER SCHOOL LEASE
Revenue
$372,000
Organization Details
Founding Year
2013
Phone
(616) 402-3277Principal Officer
Carolyn Vanwieren
Main Address
441 EAST ROOSEVELT AVENUE Suite 100, ZEELAND, MI, 494641278
NTEE Category
Code: S30 - Community improvement
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