Overview
What is Wheat Ridge 2020 Inc?
Wheat Ridge 2020 Inc, operating under the name Localworks, is a nonprofit organization based in Wheat Ridge, Colorado. Their primary mission is to foster a thriving and sustainable community in Wheat Ridge. They accomplish this by attracting and retaining both households and businesses, facilitating development, and influencing necessary regulatory and policy changes. Localworks has developed strong partnerships with the Wheat Ridge Chamber of Commerce, Wheat Ridge Business Association, and the Wheat Ridge Business District. These collaborations have led to events that increase economic development, such as their first news and networking event and community events like Ridgefest Trunk or Treat and the Holiday Celebration. With a workforce of 6 employees, Localworks is dedicated to enhancing the vitality and sustainability of Wheat Ridge, Colorado.
Official website here: www.wearelocalworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
Wheat Ridge 2020 Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored 100% in the Accountability & Finance beacon, indicating that it meets high standards for transparency and ethical practices. This robust rating is significant as it assures donors that their contributions are managed responsibly and effectively.
The organization boasts a fully independent board with 12 members, all of whom are committed to maintaining the integrity of its operations. Wheat Ridge 2020 Inc also demonstrates exemplary practices, including having a well-defined conflict of interest policy, a whistleblower policy, and regular posting of financial documents online. These measures contribute to a transparent governance structure that supports donor confidence.
While the organization shows strong financial health, with a program expense ratio of 72.34%, indicating a significant portion of its budget goes directly to programs, it is important for stakeholders to remain engaged and informed about ongoing initiatives. Overall, Wheat Ridge 2020 Inc exemplifies excellence in nonprofit management and is well-positioned to continue making a positive impact in its community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Wheat Ridge 2020 Inc?
88% of 14 reviewers on Facebook recommend Wheat Ridge 2020 Inc. Here is a summary of their reviews:
Many users highlight the organization's role in fostering community engagement, noting it effectively connects individuals, businesses, and events to create vibrant opportunities within Wheat Ridge. Reviewers appreciate the positive impact that Wheat Ridge 2020 Inc has on the local community, describing it as a vital component in enhancing the area's overall liveliness.
Overall, the sentiments indicate strong support for the nonprofit's mission, with a significant number of individuals recognizing its value in bringing people together and driving local development.
This AI summary has been generated from reviews found on Facebook.
Is Wheat Ridge 2020 Inc legitimate?
Wheat Ridge 2020 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wheat Ridge 2020 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: $108,770
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,693
For more financial information, click here
Official website here: www.wearelocalworks.org
What is the mission statement of Wheat Ridge 2020 Inc?
Wheat Ridge 2020 Inc, operating under the name Localworks, aims to foster a vibrant and sustainable community. They achieve this by attracting and retaining stakeholder households and businesses. This is accomplished by facilitating development and influencing necessary regulatory and policy changes. The organization's primary goal is to realize a thriving and sustainable community. Localworks has established partnerships with various local organizations to benefit businesses and host events like networking events and community gatherings, such as Ridgefest Trunk or Treat and Holiday Celebration, to stimulate economic development.
Official website here: www.wearelocalworks.org
Who is the CEO of Wheat Ridge 2020 Inc?
Tadd Overstreet is the President of Wheat Ridge 2020 Inc.
Official website here: www.wearelocalworks.org
What is the revenue of Wheat Ridge 2020 Inc?
Wheat Ridge 2020 Inc's revenue in 2022 was $511,850.
Official website here: www.wearelocalworks.org
Who are the executives of Wheat Ridge 2020 Inc and what are their salaries?
The average compensation at Wheat Ridge 2020 Inc during 2022 was $32,577. There are 6 employees and 250 volunteers at Wheat Ridge 2020 Inc.
Here are 17 key members and their salaries:
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- Compensation: $52,907
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- Compensation: $12,199
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- Compensation: $39,529
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Official website here: www.wearelocalworks.org
Where can I find the form 990 for Wheat Ridge 2020 Inc?
Wheat Ridge 2020 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wearelocalworks.org
Learn more at the official website: www.wearelocalworks.org
Mission Statement of Wheat Ridge 2020 Inc
Wheat Ridge 2020 Inc, also known as LocalWorks, is dedicated to advancing vibrant and sustainable communities. Their mission is to attract and retain stakeholder households and businesses in various communities by facilitating development and influencing regulatory and policy changes necessary to realize these vibrant and sustainable communities. In simpler terms, Wheat Ridge 2020 Inc works to improve the overall livability and sustainability of communities by fostering growth and promoting favorable regulations and policies. This nonprofit organization strives to create an environment that draws in and retains stakeholders, contributing to the overall prosperity and vitality of the community.
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Impact
July, 2024
Wheat Ridge 2020 Inc, operating as Localworks, plays a crucial role in advancing Wheat Ridge, Colorado, towards becoming a vibrant and sustainable community. Through its initiatives, Localworks attracts and retains stakeholder households and businesses by facilitating development and advocating for regulatory and policy changes essential for the community's growth. By organizing special events, promoting local businesses, and ensuring business stability, Localworks has significantly impacted Wheat Ridge.
Localworks has successfully formed partnerships with key organizations such as the Wheat Ridge Chamber of Commerce, Wheat Ridge Business Association, and the Wheat Ridge Business District. By bringing these groups together, Localworks has been instrumental in benefiting Wheat Ridge businesses and educating them on important opportunities like new enterprise zones in the area.
Moreover, Localworks has organized major community events like Ridgefest, Trunk or Treat, and Holiday Celebration, all aimed at drawing people to the 38th Ave. corridor to boost economic development within the community. These events have not only fostered a sense of community spirit but have also contributed to enhancing the local economy.
Overall, Wheat Ridge 2020 Inc, through its Localworks program, has made a significant impact on Wheat Ridge by promoting community improvement, fostering economic development, and advocating for a more sustainable and vibrant future for the city.
This information is meant to be a general summary of Wheat Ridge 2020 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: $16,579
- Program Service Revenue: $7,889
- Gross Receipts: $511,850
Assets and Liabilities:
- Total Assets: $1,726,064
- Total Liabilities: $8,121
- Net Assets: $1,717,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMUNITY DEVELOPMENT
Revenue
$7,889
Organization Details
Founding Year
2005
Phone
(720) 259-1030Principal Officer
Tadd Overstreet
Main Address
PO BOX 346, WHEAT RIDGE, CO, 80034
Website
www.wearelocalworks.orgNTEE Category
Code: S20 - Community improvement
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