Overview
What is Greater Richmond Partnership Inc?
Greater Richmond Partnership Inc, situated in Richmond, Virginia, serves as a key player in boosting the economic development of the Richmond metropolitan area. With a team of 16 dedicated individuals, its primary mission is to generate economic opportunities that lead to quality jobs for local residents and increase the tax base for essential community services. To achieve this, the organization focuses on three main objectives: attracting new businesses and industries, retaining existing ones, and facilitating the growth and expansion of existing businesses within the jurisdiction of its member local governments. In the fiscal year 2022, Greater Richmond Partnership's efforts yielded significant results, contributing to a $1.02 billion wealth creation, creating 9,658 direct, indirect, and induced jobs, and generating $534.4 million in direct, indirect, and induced wages.
Official website here: www.grpva.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Greater Richmond Partnership Inc has received a strong Four-Star rating from Charity Navigator, indicating high performance in accountability and finance. With an overall score of 96%, the organization excels particularly in accountability, earning an impressive score of 97. It showcases responsible financial management with a low liabilities-to-assets ratio and high program expense and fundraising efficiency ratios.
The nonprofit also demonstrates a commitment to community engagement and constituent feedback, achieving perfect scores in various feedback categories. This highlights its effective practices in collecting and utilizing feedback to enhance its programs and services, reinforcing its connection with the community it serves.
However, while the organization performs well in several areas, its culture and community score of 89, along with an equity strategies score of 83, suggests there may be room for improvement in fostering a more inclusive and community-focused environment. Overall, Greater Richmond Partnership Inc is recognized as a well-managed nonprofit with a strong impact in its area.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Richmond Partnership Inc legitimate?
Greater Richmond Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Richmond Partnership 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: $419,545
Professional Fundraising Fees: $0
Other Salaries and Wages: $655,230
For more financial information, click here
Official website here: www.grpva.com
What is the mission statement of Greater Richmond Partnership Inc?
The mission of Greater Richmond Partnership Inc, as stated, is to proactively generate economic opportunities that lead to the creation of quality jobs for residents in the region and enhance the tax base for necessary community services. The organization actively works towards attracting new businesses and industries, retaining existing ones, and facilitating the expansion and redevelopment of existing businesses within its jurisdiction, ultimately aiming to boost the local economy. In the fiscal year ending June 30, 2022, Greater Richmond Partnership's economic impact was significant, resulting in a wealth creation of $1.02 billion, the creation of 9,658 jobs, and $534.4 million in wages.
Official website here: www.grpva.com
Who is the CEO of Greater Richmond Partnership Inc?
Jennifer Wakefield is the Chair of Greater Richmond Partnership Inc. The CEO's salary of Greater Richmond Partnership Inc is $259,502 and their total compensation is $313,879.
Official website here: www.grpva.com
What is the revenue of Greater Richmond Partnership Inc?
Greater Richmond Partnership Inc's revenue in 2022 was $3,713,858.
Official website here: www.grpva.com
Who are the executives of Greater Richmond Partnership Inc and what are their salaries?
The average compensation at Greater Richmond Partnership Inc during 2022 was $67,173. There are 16 employees and 18 volunteers at Greater Richmond Partnership Inc.
Here are 20 key members and their salaries (Greater Richmond Partnership Inc's CEO's salary is $259,502 and their total compensation is $313,879):
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- Compensation: $259,502
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- Compensation: $116,364
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- Other: $29,682
Official website here: www.grpva.com
Where can I find the form 990 for Greater Richmond Partnership Inc?
Greater Richmond Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grpva.com
Learn more at the official website: www.grpva.com
Mission Statement of Greater Richmond Partnership Inc
Greater Richmond Partnership Inc, a key economic development organization, is actively committed to generating prosperous opportunities for the local community. Their mission, stated in a proactive manner, is to stimulate the creation of high-quality employment opportunities within the region, thereby augmenting the tax base to finance essential community services. In essence, the organization's role is to attract new businesses and industries, preserve existing ones, and facilitate the expansion and redevelopment of existing enterprises within their jurisdiction, thereby contributing significantly to the region's economic growth. In the fiscal year ending June 30, 2022, Greater Richmond Partnership Inc's impact on the region was substantial, with a wealth creation of $1.02 billion, the creation of 9,658 jobs, and a total wage income of $534.4 million.
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Impact
July, 2024
The Greater Richmond Partnership Inc has had a significant impact on the economic development of the Richmond metropolitan area. In the fiscal year ended June 30, 2022, the organization generated $1.02 billion in wealth creation, resulting in the creation of 9,658 direct, indirect, and induced jobs. Additionally, $534.4 million in direct, indirect, and induced wages were generated as a result of their efforts. This demonstrates the organization's effectiveness in attracting new businesses, retaining existing businesses, and facilitating the expansion and redevelopment of industries within the region. The Greater Richmond Partnership's mission of creating quality jobs for residents and increasing the tax base for community services has clearly made a tangible and positive impact on the local economy.
This information is meant to be a general summary of Greater Richmond Partnership 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.
- Investment Income: $58,834
- Gross Receipts: $4,004,836
Assets and Liabilities:
- Total Assets: $4,346,448
- Total Liabilities: $648,421
- Net Assets: $3,698,027
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Organization Details
Founding Year
1994
Phone
(804) 643-3227Principal Officer
Jennifer Wakefield
Main Address
800 E CANAL STREET SUITE 925, RICHMOND, VA, 23219
Website
www.grpva.comNTEE Category
Code: W99 - Public benefit
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