Overview
What is Green River Area Beef Improvement Group Inc?
The Green River Area Beef Improvement Group Inc is a nonprofit organization based in Owensboro, Kentucky, with an address at 4724 Doe Run. Their primary mission is to improve the economic viability of beef producers in the Green River area of Kentucky. They achieve this goal by distributing Tobacco Settlement Funds, both Phase I and II, through the Kentucky Agricultural Development Board. Specifically, these funds are used to assist agricultural producers in enhancing their beef genetics, forage, and handling facilities. In simple terms, the organization plays a crucial role in supporting and strengthening the beef industry in the Green River area of Kentucky.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Green River Area Beef Improvement Group Inc has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The organization's strengths include a 97.64% program expense ratio, indicating that it allocates a substantial portion of its funds directly to its programs. Furthermore, the nonprofit boasts a fully independent board and has demonstrated no material diversion of assets.
However, there are notable limitations in its governance practices, particularly the absence of key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Additionally, the lack of publicly posted tax forms and information on its website further detracts from its transparency. These missing elements may raise concerns regarding the organization's overall governance and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Green River Area Beef Improvement Group Inc legitimate?
Green River Area Beef Improvement Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Green River Area Beef Improvement Group 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Green River Area Beef Improvement Group Inc?
The Green River Area Beef Improvement Group Inc aims to enhance the economic viability of beef producers through the distribution of Tobacco Settlement Funds. This mission is carried out in partnership with the Kentucky Agricultural Development Board. The funds are used to assist agricultural producers in improving various aspects of their beef production, including beef genetics, forage, and handling facilities. By providing these resources, the organization aims to help beef producers in the Green River Area become more productive and competitive in the industry. The ultimate goal is to foster growth and sustainability within the beef production sector.
What is the revenue of Green River Area Beef Improvement Group Inc?
Green River Area Beef Improvement Group Inc's revenue in 2024 was $332,687.
Who are the executives of Green River Area Beef Improvement Group Inc and what are their salaries?
There 5 volunteers at Green River Area Beef Improvement Group Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Green River Area Beef Improvement Group Inc?
Green River Area Beef Improvement Group Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Green River Area Beef Improvement Group Inc
Green River Area Beef Improvement Group Inc is a nonprofit organization dedicated to procuring and distributing Phase I and II Tobacco Settlement Funds through the Kentucky Agricultural Development Board. The primary mission of this group is to enhance the economic viability of beef producers in the area. By securing and allocating these funds, the organization aims to help agricultural producers in the Green River region improve their beef genetics, forage, and handling facilities. In simpler terms, Green River Area Beef Improvement Group Inc acts as a vital conduit for financial assistance, enabling beef farmers to strengthen their operations and boost productivity. The ultimate goal is to foster growth and sustainability within the local beef industry.
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Impact
October, 2024
Green River Area Beef Improvement Group Inc significantly enhances the economic viability of beef producers in the Green River region of Kentucky. By procuring and distributing Phase I and Phase II tobacco settlement funds through the Kentucky Agricultural Development Board, the organization supports local agricultural producers in improving crucial aspects of their operations. This includes advancing beef genetics, enhancing forage quality, and upgrading handling facilities. The impact is evident in stronger, more efficient beef production practices, which not only benefit the farmers but also contribute to the overall economic health of the agricultural community in Owensboro and surrounding areas.
This information is meant to be a general summary of Green River Area Beef Improvement Group 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 2024.
- Investment Income: $372
- Gross Receipts: $332,687
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2001
Principal Officer
Bruce D Eblen
NTEE Category
Code: D99 - Animals
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