Overview
What is Village Micro Fund?
Village Micro Fund is a community-based nonprofit organization situated in Atlanta, Georgia, specifically at 1679 Olympian Way SW, 30310. Their primary mission is to empower local Black-owned businesses by offering educational resources, connections, and organizing events. This is achieved through their accelerator programs, cooperatives, and events. They have provided over 900,000 grants to these businesses and also offer technical support or additional grants as needed. The nonprofit boasts a team of five dedicated individuals.
Official website here: www.villagemicrofund.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Village Micro Fund received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 81% based solely on its Accountability & Finance metrics. This score indicates that the organization operates with strong financial practices and adheres to guidelines that promote transparency and responsibility.
One of the key strengths of Village Micro Fund is its independent governance structure, with 100% of its board members being independent. The organization has a robust accountability framework, showcasing no material diversion of assets and maintaining a high program expense ratio of 96.19%, which suggests that a significant portion of its funds directly supports its mission.
While the rating is positive, it is essential for potential donors to consider that the overall score is calculated from only one beacon score. While this score is strong, further insights into programmatic impact and effectiveness could enhance the understanding of the organization's overall performance in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Village Micro Fund?
96% of the 6 users reviewing on Facebook recommend Village Micro Fund. Here’s a snapshot of their feedback:
Overall, the sentiment appears quite positive, with users expressing satisfaction with the organization. While some comments are not directly related to the services offered, the consensus leans towards appreciation for the nonprofit's mission and activities.
Even though the number of reviews is limited, the high recommendation rate suggests that contributors find value in the initiatives facilitated by Village Micro Fund. It seems to effectively engage its audience and foster support for its cause.
This AI summary has been generated from reviews found on Facebook.
Is Village Micro Fund legitimate?
Village Micro Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village Micro Fund 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: $73,853
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,926
For more financial information, click here
Official website here: www.villagemicrofund.com
What is the mission statement of Village Micro Fund?
Village Micro Fund serves as a community for local Black-owned businesses, primarily located on the westside of Atlanta. Their mission is to educate, connect, and organize this community through various initiatives, including an accelerator program, cooperatives, and events. The organization provides financial support in the form of grants, totaling over 900K, to these small businesses. Additionally, they offer technical assistance and grants to further support the growth and success of these businesses.
Official website here: www.villagemicrofund.com
Who is the CEO of Village Micro Fund?
Donte Miller is the Executive Director of Village Micro Fund.
Official website here: www.villagemicrofund.com
What is the revenue of Village Micro Fund?
Village Micro Fund's revenue in 2021 was $809,109.
Official website here: www.villagemicrofund.com
Who are the executives of Village Micro Fund and what are their salaries?
The average compensation at Village Micro Fund during 2021 was $55,756. There are 5 employees at Village Micro Fund.
Here are 2 key members and their salaries:
- Compensation: $75,000
- Related: $0
- Other: $0
- Compensation: $20,417
- Related: $0
- Other: $0
Official website here: www.villagemicrofund.com
Where can I find the form 990 for Village Micro Fund?
Village Micro Fund's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.villagemicrofund.com
Learn more at the official website: www.villagemicrofund.com
Mission Statement of Village Micro Fund
Village Micro Fund is a community-based organization that focuses on educating, connecting, and organizing local Black-owned businesses situated in Atlanta. Their mission is to empower this community of businesses through their accelerator programs, cooperatives, and events. By providing grants, technical support, and resources, Village Micro Fund aims to foster growth and sustainability among these small businesses, ultimately contributing to the economic development and strengthening of the local community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Village Micro Fund has provided over $900,000 in grants to local small businesses in the Westside of Atlanta. They have also offered technical support and resources to help these businesses thrive. Their impact is seen in the growth and success of the local Black-owned businesses they support, contributing to the economic development and empowerment of the community. By educating, connecting, and organizing these businesses through their accelerator, cooperatives, and events, Village Micro Fund plays a vital role in building a strong and sustainable local economy.
This information is meant to be a general summary of Village Micro Fund. 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 2021.
- Gross Receipts: $809,109
Assets and Liabilities:
- Total Assets: $67,205
- Total Liabilities: $4,722
- Net Assets: $62,483
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Principal Officer
Donte Miller
Main Address
1679 OLYMPIAN WAY SW, ATLANTA, GA, 30310
Website
www.villagemicrofund.comNTEE Category
Code: B02 - Education
If you are a representative of Village Micro Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.