Overview
What is Midland Institute For Entrepreneurship Nfp?
Midland Institute for Entrepreneurship NFP is a nonprofit organization located in Effingham, Illinois, with a focus on education. Their primary mission is to establish and maintain high-quality educational programs known as Creating Entrepreneurial Opportunities (CEO) for select junior and senior high school students. This initiative aims to foster entrepreneurial skills in young learners. Beyond its direct activities, Midland Institute for Entrepreneurship NFP extends its resources to communities across the United States, assisting them in establishing CEO programs of their own. The organization provides initial and ongoing training, support, and materials to aid these communities in launching and maintaining these programs, ultimately promoting entrepreneurship among youth nationwide. With a team of eight dedicated individuals, Midland Institute for Entrepreneurship NFP is committed to nurturing the entrepreneurial spirit in the next generation.
Official website here: www.midlandinstitute.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73% overall score)
The Midland Institute For Entrepreneurship Nfp has received a Two-Star rating from Charity Navigator, indicating that while the organization meets some accountability and financial standards, there are significant areas needing improvement. The organization boasts a strong independent board with 100% independence and a solid program expense ratio of 85.77%, suggesting that a large portion of its funds is directed towards its programs.
However, the nonprofit has notable gaps in transparency, as evidenced by the absence of financial statements and several missing policies, including a whistleblower and document retention policy. Additionally, the tax form is not posted on the nonprofit's website, which further impacts its accountability score. These limitations highlight the need for the organization to enhance its financial reporting and governance practices to improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Midland Institute For Entrepreneurship Nfp?
98% of 15 reviewers on Facebook recommend the Midland Institute For Entrepreneurship. Here is a summary of their reviews:
Participants express profound appreciation for the impact of the program on their personal growth and community involvement. Many highlight the transformative experiences gained through mentoring and engaging with young people, emphasizing how the nonprofit helps to foster confidence and inspiration in the next generation. The sense of fulfillment derived from contributing to a cause that empowers others is a recurring theme, indicating a strong alignment with the organization's mission.
Overall, the sentiment surrounding Midland Institute For Entrepreneurship is overwhelmingly positive, with supporters encouraging others to get involved. Reviewers appreciate the lasting legacy the program aims to create, reinforcing the idea that becoming part of this initiative not only enhances their own lives but also uplifts the community at large.
This AI summary has been generated from reviews found on Facebook.
Is Midland Institute For Entrepreneurship Nfp legitimate?
Midland Institute For Entrepreneurship Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midland Institute For Entrepreneurship Nfp 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: $394,335
For more financial information, click here
Official website here: www.midlandinstitute.com/
What is the mission statement of Midland Institute For Entrepreneurship Nfp?
The Midland Institute for Entrepreneurship NFP was established with charitable and educational objectives, primarily aimed at establishing and maintaining a high-quality educational program known as the Creating Entrepreneurial Opportunities (CEO) program. This program is designed for select junior and senior high school students. In addition to this, the institution provides resources to communities nationwide, aiding in the establishment of similar CEO programs. The Midland Institute for Entrepreneurship NFP offers initial and ongoing training, support, and materials to these communities, enabling them to establish and sustain the CEO programs effectively.
Official website here: www.midlandinstitute.com/
Who is the CEO of Midland Institute For Entrepreneurship Nfp?
Van Austin Brooks is the Executive Di of Midland Institute For Entrepreneurship Nfp.
Official website here: www.midlandinstitute.com/
What is the revenue of Midland Institute For Entrepreneurship Nfp?
Midland Institute For Entrepreneurship Nfp's revenue in 2022 was $1,204,789.
Official website here: www.midlandinstitute.com/
Who are the executives of Midland Institute For Entrepreneurship Nfp and what are their salaries?
The average compensation at Midland Institute For Entrepreneurship Nfp during 2022 was $49,292. There are 8 employees at Midland Institute For Entrepreneurship Nfp.
Here are 10 key members and their salaries:
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Official website here: www.midlandinstitute.com/
Where can I find the form 990 for Midland Institute For Entrepreneurship Nfp?
Midland Institute For Entrepreneurship Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midlandinstitute.com/
Learn more at the official website: www.midlandinstitute.com/
Mission Statement of Midland Institute For Entrepreneurship Nfp
The Midland Institute for Entrepreneurship NFP was established with charitable and educational purposes in mind. Its primary goal is to establish and maintain a high-quality educational program known as Creating Entrepreneurial Opportunities (CEO) programs for select junior and senior high school students. In addition to this, the organization provides resources to communities across the United States, aiding in the establishment of CEO programs within their localities. The Midland Institute for Entrepreneurship NFP offers initial and ongoing training, support, and materials to these communities, enabling them to establish and sustain the CEO programs effectively.
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Impact
July, 2024
The impact of Midland Institute for Entrepreneurship, NFP is significant in fostering entrepreneurship among high school students. Through its Creating Entrepreneurial Opportunities (CEO) programs, it provides a platform for junior and senior high school students to develop their entrepreneurial skills and mindset. By offering resources, training, support, and materials, the institute empowers communities to establish and maintain CEO programs throughout the United States. This initiative not only educates students about entrepreneurship but also equips them with the tools and knowledge to become future leaders in business and innovation.
This information is meant to be a general summary of Midland Institute For Entrepreneurship Nfp. 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: $1,252
- Program Service Revenue: $481,561
- Gross Receipts: $1,204,789
Assets and Liabilities:
- Total Assets: $1,452,747
- Total Liabilities: $437,880
- Net Assets: $1,014,867
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$481,561
Organization Details
Founding Year
2015
Phone
(502) 354-8816Principal Officer
Van Austin Brooks
Main Address
1201 NETWORK CENTRE DR, EFFINGHAM, IL, 62401
Website
www.midlandinstitute.com/NTEE Category
Code: B99 - Education
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