Overview
What is Greater Biloxi Economic Development Foundation Inc?
Greater Biloxi Economic Development Foundation Inc is a nonprofit organization situated in Biloxi, Mississippi, specifically at 770 Water Street Suite 443. Their primary mission revolves around driving economic growth and development within the Greater Biloxi area. They undertake various programs and activities aimed at fostering economic advancement, as per their description provided. One notable achievement is their involvement in funding a multifamily market study, which further underscores their commitment to the community's economic well-being.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Stars)
The Greater Biloxi Economic Development Foundation Inc received a Two-Star rating from Charity Navigator, indicating a need for improvement in accountability and financial health. The foundation shows strengths in governance, with 100% independent board members and no material diversion of assets. Additionally, it maintains a strong program expense ratio of 70.23%, suggesting that a significant portion of its revenue is allocated to its programs.
However, the organization has notable weaknesses, including the absence of critical policies such as conflict of interest, whistleblower, and document retention policies, which significantly impacted its accountability score. Furthermore, the liabilities to assets ratio stands at 66.68%, indicating potential financial risks. While the foundation is transparent in its operations, these limitations could affect stakeholder trust and confidence moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Biloxi Economic Development Foundation Inc legitimate?
Greater Biloxi Economic Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Biloxi Economic Development Foundation 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.
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Official website here: www.none
What is the mission statement of Greater Biloxi Economic Development Foundation Inc?
The Greater Biloxi Economic Development Foundation Inc is dedicated to driving economic development initiatives within its vicinity. Its primary focus is on implementing various economic programs and activities. One of its notable endeavors includes funding a multifamily market study, as demonstrated by the city of Biloxi's support. The foundation's mission is centered around fostering growth and prosperity within the greater Biloxi area, aiming to enhance the local economy and improve the overall community.
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Who is the CEO of Greater Biloxi Economic Development Foundation Inc?
Guy Johnson is the President of Greater Biloxi Economic Development Foundation Inc.
Official website here: www.none
What is the revenue of Greater Biloxi Economic Development Foundation Inc?
Greater Biloxi Economic Development Foundation Inc's revenue in 2022 was $17,919.
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Who are the executives of Greater Biloxi Economic Development Foundation Inc and what are their salaries?
There 16 volunteers at Greater Biloxi Economic Development Foundation Inc.
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Greater Biloxi Economic Development Foundation Inc
Greater Biloxi Economic Development Foundation Inc is dedicated to spearheading economic development initiatives within the broader Biloxi area. Their mission focuses on implementing various programs and activities aimed at fostering economic growth within this region. To achieve this, they undertake various projects, one of which is a multifamily market study, funded by the City of Biloxi. This study likely serves to analyze the demand, supply, and trends in the multifamily housing market within Biloxi, providing valuable insights for developers and policymakers. By implementing these economic development programs and activities, the Foundation seeks to contribute positively to the local economy and improve the livelihoods of the community within the Greater Biloxi area.
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Impact
August, 2024
The Greater Biloxi Economic Development Foundation Inc plays a crucial role in driving economic development programs and activities within the Greater Biloxi area. One significant impact includes conducting a multifamily market study funded by the City of Biloxi, which can provide valuable insights for future developments and growth in the area. Through its efforts, this organization contributes to the enhancement of the community, fostering opportunities for economic prosperity and advancement in Biloxi, MS.
This information is meant to be a general summary of Greater Biloxi Economic Development Foundation 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: $219
- Program Service Revenue: $10,000
- Gross Receipts: $17,919
Assets and Liabilities:
- Total Assets: $257,783
- Total Liabilities: $171,906
- Net Assets: $85,877
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CITY OF BILOXI - HOME STUDY
Revenue
$10,000
Organization Details
Founding Year
1981
Phone
(228) 324-0828Principal Officer
Guy Johnson
Main Address
770 WATER STREET SUITE 443, BILOXI, MS, 39530
Website
www.noneNTEE Category
Code: S43Z - Community improvement
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