Overview
What is The Golden Leaf Inc?
The Golden Leaf Inc, based in Rocky Mount, North Carolina, is a nonprofit organization dedicated to improving economic conditions in tobacco-dependent regions of the state. Established to provide assistance in response to the decline in tobacco demand and production, the corporation supports various initiatives to help affected communities. These programs include educational assistance, job training and employment aid, scientific research for new uses of tobacco or alternative cash crops, economic hardship relief, public works and industrial recruitment, health and human services, and community assistance. The Golden Leaf's mission is to foster economic opportunity in rural and tobacco-dependent communities of North Carolina through grantsmaking, collaboration, innovation, and stewardship. With a workforce of approximately 28 employees, the organization plays a significant role in uplifting economically challenged and deteriorating tobacco-dependent areas, ensuring their long-term stability.
Official website here: www.goldenleaf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Golden Leaf Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's score is primarily derived from a perfect score in this category, which indicates a high level of transparency and responsible financial management. Such ratings are significant as they help potential donors assess the organization's reliability and effectiveness.
Strengths highlighted include a fully independent board, with all members contributing to robust governance structures. The organization has demonstrated exemplary practices in various areas, such as having no material diversion of assets and maintaining comprehensive financial oversight through an Audit and Oversight Committee. Additionally, The Golden Leaf Inc maintains high program expense ratios, ensuring that the majority of its funds are directed towards its mission-driven activities.
While the available data emphasizes its strengths, there are no noted limitations or concerns that could impact the charity's overall effectiveness. The organization's commitment to accountability is clearly articulated through its comprehensive policies and financial practices, making it a commendable choice for potential supporters looking to make an impact through their donations.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Golden Leaf Inc?
96% of 9 reviewers on Facebook recommend The Golden Leaf Inc. Here is a summary of their reviews:
Reviewers express strong appreciation for the nonprofit's efforts and leadership, particularly highlighting an individual named Bo Biggs. Many comments show pride in the work being done for the state of North Carolina, suggesting a positive community impact. The appreciation for the leadership and the collaborative spirit within the organization reflects a sense of trust and support from those involved.
Overall, the sentiment is overwhelmingly positive, indicating that The Golden Leaf Inc. is effectively fulfilling its mission and earning the respect and endorsement of those in the community. The commitment to making a difference in North Carolina is acknowledged, making it a well-regarded organization among its supporters.
This AI summary has been generated from reviews found on Facebook.
Is The Golden Leaf Inc legitimate?
The Golden Leaf Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Golden Leaf 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: $1,563,838
Professional Fundraising Fees: $0
Other Salaries and Wages: $973,035
For more financial information, click here
Official website here: www.goldenleaf.org
What is the mission statement of The Golden Leaf Inc?
The Golden Leaf Inc is a perpetual foundation dedicated to increasing economic opportunity in North Carolina's rural and tobacco-dependent communities. Through grantsmaking, collaboration, innovation, and stewardship, they aim to improve the social welfare and reduce the burdens of government. The organization provides economic impact assistance, engaging in various activities to help affected individuals and regions. These activities include education assistance, job training and employment assistance, scientific research, economic hardship assistance, public works and industrial recruitment, and health and human services. The primary goal is to support the transition of tobacco farmers and other workers to alternative sources of income, while maintaining the stability of tobacco-dependent communities.
Official website here: www.goldenleaf.org
Who is the CEO of The Golden Leaf Inc?
Scott T Hamilton is the President/Ceo of The Golden Leaf Inc. The CEO's salary of The Golden Leaf Inc is $250,618 and their total compensation is $287,405.
Official website here: www.goldenleaf.org
What is the revenue of The Golden Leaf Inc?
The Golden Leaf Inc's revenue in 2023 was $57,758,666.
Official website here: www.goldenleaf.org
Who are the executives of The Golden Leaf Inc and what are their salaries?
The average compensation at The Golden Leaf Inc during 2023 was $90,603. There are 28 employees at The Golden Leaf Inc.
Here are 24 key members and their salaries (The Golden Leaf Inc's CEO's salary is $250,618 and their total compensation is $287,405):
- Compensation: $250,618
- Related: $0
- Other: $36,787
- Compensation: $184,513
- Related: $0
- Other: $42,055
- Compensation: $138,402
- Related: $0
- Other: $34,842
- Compensation: $137,351
- Related: $0
- Other: $25,814
- Compensation: $129,857
- Related: $0
- Other: $25,145
- Compensation: $121,015
- Related: $0
- Other: $31,091
- Compensation: $113,941
- Related: $0
- Other: $12,681
- Compensation: $86,546
- Related: $0
- Other: $18,572
- Compensation: $46,166
- Related: $0
- Other: $8,770
- Compensation: $1,664
- Related: $0
- Other: $0
- Compensation: $1,456
- Related: $0
- Other: $0
- Compensation: $1,456
- Related: $0
- Other: $0
- Compensation: $1,248
- Related: $0
- Other: $0
- Compensation: $1,248
- Related: $0
- Other: $0
- Compensation: $1,040
- Related: $0
- Other: $0
- Compensation: $1,040
- Related: $0
- Other: $0
- Compensation: $936
- Related: $0
- Other: $0
- Compensation: $832
- Related: $0
- Other: $0
- Compensation: $832
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.goldenleaf.org
Where can I find the form 990 for The Golden Leaf Inc?
The Golden Leaf Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.goldenleaf.org
Learn more at the official website: www.goldenleaf.org
Mission Statement of The Golden Leaf Inc
The Golden Leaf Inc is a North Carolina-based foundation committed to increasing economic opportunities in rural and tobacco-dependent communities through grantsmaking, collaboration, innovation, and stewardship. As an independent and perpetual organization, it aims to alleviate the burdens of government and promote social welfare by distributing funds to provide economic impact assistance.
Established as per the Consent Decree and Final Judgment in State of North Carolina v. Philip Morris Incoredated, et al., The Golden Leaf Inc engages in various activities to support the economic wellbeing of affected regions. A primary focus lies in education assistance, providing funds for educational programs for tobacco farmers and related workers. Additionally, the organization offers job training and employment assistance through loans and grants to help tobacco farming communities transition to alternative sources of income.
Moreover, The Golden Leaf Inc supports scientific research aimed at developing new uses for tobacco or alternative cash crops. It also offers economic hardship assistance through grants, loans, and other programs to alleviate poverty or need experienced due to the decline in tobacco production. Further, the foundation provides funding for improved healthcare and other social services to maintain the stability of tobacco-dependent communities.
In essence, The Golden Leaf Inc serves as a vital resource for rural and tobacco-dependent communities in North Carolina, offering assistance in various sectors to promote sustainable economic growth and improve living conditions.
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Impact
October, 2024
The Golden Leaf Inc. plays a pivotal role in enhancing economic stability and fostering development in North Carolina's rural and tobacco-dependent communities. By distributing funds for economic impact assistance, it directly addresses the challenges faced by regions affected by the decline in tobacco production and demand.
Key areas of impact include educational support for tobacco farmers and affected workers, enabling them to adapt to changing market conditions. The organization facilitates job training and offers employment assistance, helping individuals transition to sustainable livelihoods outside of tobacco farming. Additionally, it invests in scientific research to find new applications for tobacco and develop alternative cash crops, broadening economic opportunities for affected communities.
Economic hardship assistance is another critical aspect of its work, providing direct financial support to alleviate poverty and other challenges faced by those impacted by the decline of the tobacco industry. By funding public works and industrial recruitment initiatives, The Golden Leaf Inc. strengthens local infrastructure, attracting new businesses that can further stimulate economic growth.
Furthermore, it enhances health and human services, improving access to essential care in tobacco-dependent areas, and provides community assistance to under-resourced regions for public development projects. Ultimately, The Golden Leaf Inc. serves as a catalyst for positive change, empowering communities to achieve long-term economic resilience and stability.
This information is meant to be a general summary of The Golden Leaf 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 2023.
- Investment Income: $27,563,917
- Gross Receipts: $284,163,583
Assets and Liabilities:
- Total Assets: $1,292,166,073
- Total Liabilities: $214,502,164
- Net Assets: $1,077,663,909
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Organization Details
Founding Year
1999
Phone
(252) 442-7474Principal Officer
Scott T Hamilton
Main Address
301 N Winstead Avenue, Rocky Mount, NC, 27804
Website
www.goldenleaf.orgNTEE Category
Code: T30 - Philanthropy
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