Overview
What is Native Cdfi Network Inc?
Native Cdfi Network Inc is a nonprofit organization based in Rapid City, South Dakota. Their primary goal is to strengthen and advocate for Native Community Development Financial Institutions (CDFIs), aiming to provide access to capital and resources for Native peoples. They achieve this by educating lenders, tribes, service providers, and Native American entrepreneurs about the Native American Gap Financing Revolving Loan Program. Additionally, they focus on financial inclusion through education and outreach, improving advocacy skills and capacity among staff and partners, and driving economic development in underserved rural and remote Native American communities. The organization annually gathers its members and fosters peer mentoring opportunities among CDFI institutions. With a team of two dedicated individuals, Native Cdfi Network Inc serves as a national voice for Native community development finance.
Official website here: www.nativecdfi.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Native CDFI Network Inc has achieved a strong score of 92%, reflecting its commitment to accountability and financial transparency. This rating is based entirely on its Accountability & Finance score, demonstrating robust practices in managing resources and ensuring responsible oversight. The organization has received full marks in several areas, including having an entirely independent board and a solid program expense ratio.
The organization stands out for its governance, with 100% of its board members being independent, which enhances its credibility and oversight capabilities. Additionally, Native CDFI Network Inc has implemented comprehensive policies, including conflict of interest and whistleblower protections, which bolster its ethical framework. The financial health of the organization is also commendable, as indicated by a low liabilities to assets ratio, ensuring stability and sustainability.
However, while the financial metrics are impressive, further qualitative assessments of program impact and community engagement would provide a fuller picture of the organization’s effectiveness in fulfilling its mission. Nonetheless, with such high scores in accountability and financial health, Native CDFI Network Inc is positioned as a reliable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Native Cdfi Network Inc legitimate?
Native Cdfi Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Native Cdfi Network 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: $100,385
For more financial information, click here
Official website here: www.nativecdfi.net
What is the mission statement of Native Cdfi Network Inc?
Native Cdfi Network Inc's mission is to serve as a national advocate, aiming to strengthen and promote Native Community Development Financial Institutions (CDFIs). This organization's primary goal is to create access to capital and resources for Native peoples. To achieve this, they focus on building a strong membership network and infrastructure, committing to annual member gatherings, fostering CDFI-to-CDFI peer mentoring and sharing opportunities, and identifying policy priorities. Their grant funding efforts include educating lenders, tribes, service providers, and Native American entrepreneurs about the Native American Gap Financing Revolving Loan Program, strengthening financial inclusion through education and outreach, growing advocacy skills, and driving economic development in underserved rural and remote Native American communities.
Official website here: www.nativecdfi.net
Who is the CEO of Native Cdfi Network Inc?
Cindy Logsdon is the Treasurer of Native Cdfi Network Inc. The CEO's salary of Native Cdfi Network Inc is $120,000 and their total compensation is $120,000.
Official website here: www.nativecdfi.net
What is the revenue of Native Cdfi Network Inc?
Native Cdfi Network Inc's revenue in 2022 was $1,244,701.
Official website here: www.nativecdfi.net
Who are the executives of Native Cdfi Network Inc and what are their salaries?
The average compensation at Native Cdfi Network Inc during 2022 was $50,192. There are 2 employees at Native Cdfi Network Inc.
Here are 9 key members and their salaries (Native Cdfi Network Inc's CEO's salary is $120,000 and their total compensation is $120,000):
- Compensation: $120,000
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Official website here: www.nativecdfi.net
Where can I find the form 990 for Native Cdfi Network Inc?
Native Cdfi Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nativecdfi.net
Learn more at the official website: www.nativecdfi.net
Mission Statement of Native Cdfi Network Inc
Native Cdfi Network Inc, acting as a national advocate, strives to strengthen and promote Native Community Development Financial Institutions (CDFIs). Their mission is centered around creating access to capital and resources for Native peoples. The organization aims to achieve this by setting forth four fundamental goals. They seek to build a robust membership network and infrastructure, gather members annually, foster CDFI-to-CDFI peer mentoring and sharing opportunities, and identify policy priorities.
Under their grant funding, Native Cdfi Network Inc has focused on educating lenders, tribes, service providers, and Native American entrepreneurs about the Native American Gap Financing Revolving Loan Program. They also work towards strengthening financial inclusion through education and outreach. In addition, they aim to grow the advocacy skills and capacity of their staff and partners, and drive economic development in underserved rural and remote Native American communities. By doing so, Native Cdfi Network Inc plays a crucial role in advocating for the development and prosperity of Native communities, ensuring they have the necessary resources and support to thrive.
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Impact
July, 2024
Native CDFI Network Inc's impact lies in being a crucial national voice and advocate for strengthening and promoting Native Community Development Financial Institutions (CDFIs). By creating access to capital and resources for Native peoples, they aim to drive economic development in rural and remote Native American communities that are currently underserved. Through their activities such as building a strong membership network, providing peer mentoring opportunities, and identifying policy priorities, they are actively working to educate lenders, tribes, service providers, and Native American entrepreneurs. Their efforts focus on strengthening financial inclusion, growing advocacy skills, and capacity to support the economic well-being of Native communities.
This information is meant to be a general summary of Native Cdfi Network 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.
- Gross Receipts: $1,244,701
Assets and Liabilities:
- Total Assets: $1,851,816
- Total Liabilities: $25,401
- Net Assets: $1,826,415
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Organization Details
Founding Year
2014
Principal Officer
Cindy Logsdon
Main Address
PO BOX 1827, RAPID CITY, SD, 57709
Website
www.nativecdfi.netNTEE Category
Code: S30 - Community improvement
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