Overview
What is Sustainable Muncie Corp?
Sustainable Muncie Corp is a nonprofit organization situated in Muncie, Indiana, specifically at 515 E Main St. Its primary mission is to revitalize low-income communities through various charitable services. These services encompass promoting small businesses, offering business incubator spaces, and lending small or micro-business loans. Furthermore, the organization engages in developing, owning, and managing retail and commercial properties or industrial parks. In addition to these initiatives, Sustainable Muncie Corp provides training and promotion for small businesses, thereby fostering economic growth and community development within its specified area. The organization currently employs a team of 12 individuals dedicated to carrying out these objectives.
Official website here: www.sustainablemuncie.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
Sustainable Muncie Corp has received a One-Star rating from Charity Navigator, primarily due to its low overall score of 58%. This rating reflects concerns particularly around financial transparency, as indicated by the absence of financial statements and a poor liabilities to assets ratio. While the organization has demonstrated strong accountability with 90% of its board members being independent, significant areas for improvement remain regarding financial disclosures.
The organization does have strengths in its program expense ratio, which stands at an impressive 91.57%, indicating that a large portion of its expenses goes directly towards its programs. Additionally, it has policies for conflict of interest and maintains documentation of board meeting minutes, showcasing a degree of governance and operational oversight.
However, limitations such as missing a whistleblower policy and a lack of tax forms posted on its website detract from its accountability score. These shortcomings highlight areas where Sustainable Muncie Corp can enhance its transparency and governance practices to build greater trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Sustainable Muncie Corp?
100% of the 13 reviewers on Facebook recommend Sustainable Muncie Corp. Here is a summary of their reviews:
The organization is praised for its collaborative environment, fostering connections among makers, writers, and various professionals. Reviewers appreciate the vibrant atmosphere at Madjax Muncie, which encourages creativity and innovation. Many find it to be an excellent platform for launching new business ideas, noting the affordability of the services offered.
Overall, there is a strong sentiment of satisfaction with the nonprofit's impact, as members feel supported and inspired to pursue their ventures in a welcoming community.
This AI summary has been generated from reviews found on Facebook.
Is Sustainable Muncie Corp legitimate?
Sustainable Muncie Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sustainable Muncie Corp 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: $21,188
Professional Fundraising Fees: $0
Other Salaries and Wages: $158,597
For more financial information, click here
Official website here: www.sustainablemuncie.org
What is the mission statement of Sustainable Muncie Corp?
Sustainable Muncie Corp's mission is centered around providing charitable services, primarily focusing on revitalizing low or moderate income communities. Another key aspect of their mission involves offering small business training and promotion, as well as providing business incubator space and lending small or micro-business loans. Furthermore, the organization engages in the development, ownership, and management of retail and commercial properties or industrial parks. In summary, Sustainable Muncie Corp is committed to uplifting disadvantaged communities and fostering entrepreneurship through various initiatives.
Official website here: www.sustainablemuncie.org
What is the revenue of Sustainable Muncie Corp?
Sustainable Muncie Corp's revenue in 2023 was $796,271.
Official website here: www.sustainablemuncie.org
Who are the executives of Sustainable Muncie Corp and what are their salaries?
The average compensation at Sustainable Muncie Corp during 2023 was $17,978. There are 10 employees at Sustainable Muncie Corp.
Here are 10 key members and their salaries:
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- Compensation: $21,188
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Official website here: www.sustainablemuncie.org
Where can I find the form 990 for Sustainable Muncie Corp?
Sustainable Muncie Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sustainablemuncie.org
Learn more at the official website: www.sustainablemuncie.org
Mission Statement of Sustainable Muncie Corp
Sustainable Muncie Corp is a charitable organization committed to offering beneficial services with three primary objectives. Firstly, it aims to revitalize low or moderate-income communities, investing in their transformation and growth. Secondly, the organization provides small business training and promotion, offering business incubator spaces and lending small or micro-business loans to entrepreneurs seeking to establish or expand their ventures. Lastly, Sustainable Muncie Corp develops, owns, and manages retail and commercial properties, as well as industrial parks, providing opportunities for businesses to thrive and contribute to the community's economic growth. The organization's mission is to ensure the betterment of the community and the success of local businesses, fostering a sustainable and prosperous environment.
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Impact
July, 2024
Sustainable Muncie Corp's impact can be seen in its efforts to revitalize low or moderate-income communities. By providing small business training, promoting entrepreneurship, offering business incubator space, and lending small or micro-business loans, the organization contributes to the economic development of the area. Additionally, through the acquisition, revitalization, and promotion of commercial properties in these communities, Sustainable Muncie Corp is instrumental in fostering local economic growth and sustainability. Their dedication to developing, owning, and managing retail and commercial properties or industrial parks further demonstrates their commitment to enhancing the business environment in Muncie, IN.
This information is meant to be a general summary of Sustainable Muncie Corp. 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 2023.
- Investment Income: $28
- Program Service Revenue: $380,543
- Gross Receipts: $796,271
Assets and Liabilities:
- Total Assets: $4,638,992
- Total Liabilities: $4,196,243
- Net Assets: $442,749
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASING OF BUSINESS SPACE
Revenue
$380,543
Organization Details
Founding Year
2015
Principal Officer
Allison Robbins
Website
www.sustainablemuncie.orgNTEE Category
Code: S30 - Community improvement
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