Overview
What is Alliance For Local Economic Prosperity?
The Alliance For Local Economic Prosperity (AFLEP) is a nonprofit organization based in Santa Fe, New Mexico. Established with the aim of exploring the advantages of public banking, AFLEP advocates for its implementation in New Mexico as a means to retain local revenue, ensuring its safety and utilization for the benefit of New Mexicans. The organization has engaged in public education and written position papers on this topic. Additionally, AFLEP has been actively involved in statewide program development, furthering its mission to study and advocate for public banking in New Mexico.
Official website here: www.aflep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Alliance For Local Economic Prosperity has achieved a commendable Three-Star rating, indicating a relatively strong performance in accountability and finance as per its evaluation in FY2022. The rating reflects that the charity adheres to good financial practices, with a high score in key areas such as independent board governance and the management of assets, demonstrating a commitment to transparency and integrity.
However, there are notable limitations in the organization's governance practices, particularly the absence of a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction. These missing policies could raise concerns about the overall governance framework and risk management within the nonprofit, as they are essential for protecting the organization and its stakeholders.
Despite these shortcomings, the charity maintains a healthy liabilities to assets ratio and an impressive program expense ratio, indicating effective allocation of resources towards its mission. Overall, while there are areas for improvement, the Alliance For Local Economic Prosperity shows strength in its financial accountability and program execution.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance For Local Economic Prosperity legitimate?
Alliance For Local Economic Prosperity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance For Local Economic Prosperity 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:
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Professional Fundraising Fees: $1,045
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aflep.org
What is the mission statement of Alliance For Local Economic Prosperity?
The Alliance for Local Economic Prosperity (AFLEP) was established with a mission to investigate and advocate for the implementation of public banking in New Mexico. This initiative aims to keep local revenue within the community, ensuring its safety and utility for New Mexicans. To fulfill its mission, AFLEP has engaged in public education, drafted a position paper on public banking, and worked on developing statewide programs related to this concept.
Official website here: www.aflep.org
Who is the CEO of Alliance For Local Economic Prosperity?
Jennifer Kreie is the President of Alliance For Local Economic Prosperity.
Official website here: www.aflep.org
What is the revenue of Alliance For Local Economic Prosperity?
Alliance For Local Economic Prosperity's revenue in 2022 was $137,280.
Official website here: www.aflep.org
Who are the executives of Alliance For Local Economic Prosperity and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.aflep.org
Where can I find the form 990 for Alliance For Local Economic Prosperity?
Alliance For Local Economic Prosperity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aflep.org
Learn more at the official website: www.aflep.org
Mission Statement of Alliance For Local Economic Prosperity
The Alliance for Local Economic Prosperity (AFLEP) was established with the mission to explore and advocate for the implementation of public banking as a means to retain New Mexico's revenue within the state, ensuring its safety and beneficial use for its citizens. The organization's primary objective is to study the potential advantages of public banking and promote its adoption in New Mexico.
To achieve its mission, AFLEP has taken various steps. It has engaged in public education campaigns to raise awareness about the concept of public banking and its potential benefits. Additionally, the organization has written a position paper on public banking, outlining its arguments and providing a comprehensive analysis of the subject. Furthermore, AFLEP has been actively involved in the development of statewide programs related to public banking, aiming to contribute to its widespread acceptance and implementation in New Mexico.
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Impact
October, 2024
The Alliance for Local Economic Prosperity has significantly influenced the economic landscape of New Mexico by advocating for public banking as a viable solution to enhance local revenue management. By focusing on keeping New Mexico's financial resources local, the alliance promotes economic resilience and stability for communities across the state.
Through public education initiatives, the Alliance has informed residents and policymakers about the advantages of public banking, thereby fostering awareness and engagement in local economic discussions. Their position paper on public banking serves as a foundational resource that articulates the benefits of such a system, including increased accountability and the potential for reinvesting funds within the community.
In addition to advocacy, the Alliance plays a crucial role in statewide program development, seeking to establish frameworks that facilitate public banking in New Mexico. This strategic focus not only aims to secure the state’s financial future but also empowers New Mexicans by ensuring that local resources are utilized effectively for community benefit. Overall, the Alliance for Local Economic Prosperity is paving the way for sustainable economic practices that prioritize the well-being of New Mexico's residents.
This information is meant to be a general summary of Alliance For Local Economic Prosperity. 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: $137,280
Assets and Liabilities:
- Total Assets: $64,446
- Total Liabilities: $0
- Net Assets: $64,446
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Organization Details
Founding Year
2013
Phone
(505) 670-1121Principal Officer
Jennifer Kreie
Main Address
PO BOX 33132, SANTA FE, NM, 87594
Website
www.aflep.orgNTEE Category
Code: A60 - Arts
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