Overview
What is Bayou Microfund?
Bayou Microfund is a nonprofit organization that focuses on fostering entrepreneurship among businesses. Their primary goal is to contribute financially to charitable, religious, educational, and scientific causes. They achieve this objective by organizing a mentoring program, offering guidance and support to new businesses. By doing so, Bayou Microfund aims to contribute positively to various sectors of society.
Official website here: www.bayoumicrofund.org
What do the Facebook reviews say about Bayou Microfund?
Three users have shared their thoughts about Bayou Microfund on Facebook. The reviews highlight a strong appreciation for the organization's efforts in strengthening community ties. One user specifically noted that the nonprofit is "doing great to build community," underscoring the positive impact it has on the local area.
Though the reviews are limited and the organization has not yet received an official rating, the enthusiasm expressed reflects a hopeful sentiment towards its mission. This indicates that the nonprofit is perceived as actively contributing to community enhancement, which resonates well with supporters. Overall, Bayou Microfund appears to be on a promising path in fulfilling its goals and engaging with the community.
This AI summary has been generated from reviews found on Facebook.
Is Bayou Microfund legitimate?
Bayou Microfund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bayou Microfund submitted a form 990EZ, 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.
Official website here: www.bayoumicrofund.org
What is the mission statement of Bayou Microfund?
Bayou Microfund's mission is centered around organizing a Business Entrepreneurship Mentoring Program with the primary goal of donating to charitable, religious, educational, and scientific causes. The organization seeks to contribute to these sectors in a meaningful way. The mentoring program is an exclusive initiative aimed at achieving this mission.
Official website here: www.bayoumicrofund.org
Who is the CEO of Bayou Microfund?
Govind P Menon is the President of Bayou Microfund.
Official website here: www.bayoumicrofund.org
What is the revenue of Bayou Microfund?
Bayou Microfund's revenue in 2022 was $113,482.
Official website here: www.bayoumicrofund.org
Who are the executives of Bayou Microfund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bayoumicrofund.org
Where can I find the form 990EZ for Bayou Microfund?
Bayou Microfund's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.bayoumicrofund.org
Learn more at the official website: www.bayoumicrofund.org
Mission Statement of Bayou Microfund
Bayou Microfund, as a nonprofit organization, is dedicated to executing a Business Entrepreneurship Mentoring Program with a singular focus. Their mission is to channel the resources gained from this program towards donations intended for charitable, religious, educational, and scientific purposes. By offering mentorship, Bayou Microfund seeks to contribute to various sectors that significantly impact society, ensuring that its contributions serve a diverse range of beneficial causes.
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Impact
October, 2024
Bayou Microfund significantly impacts the community by organizing a Business Entrepreneurship Mentoring Program tailored to foster economic development and empower aspiring entrepreneurs. With a focus on charitable, religious, educational, and scientific purposes, the program provides valuable resources, mentorship, and guidance to individuals looking to start or grow their businesses.
The initiative enhances community improvement by promoting entrepreneurship as a means of self-sufficiency and financial stability. Participants gain critical business skills and insights, enabling them to contribute to local economic growth and job creation. Through its work in Houston, Bayou Microfund cultivates a supportive environment for emerging entrepreneurs, ultimately strengthening the fabric of the community and facilitating broader access to entrepreneurial opportunities.
This information is meant to be a general summary of Bayou Microfund. 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: $249
- Gross Receipts: $113,482
Assets and Liabilities:
- Total Assets: $104,578
- Total Liabilities: $0
- Net Assets: $104,578
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Organization Details
Phone
(713) 533-8558Principal Officer
Govind P Menon
Main Address
448 W 19TH STREET, HOUSTON, TX, 77008
Website
www.bayoumicrofund.orgNTEE Category
Code: S30 - Community improvement
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