Overview
What is Ada Jobs Foundation?
The Ada Jobs Foundation, located in Ada, Oklahoma, is a dedicated nonprofit organization with a team of six individuals. Their primary objective is to stimulate business growth, encourage the emergence of new industries, and enhance the industrial and business prosperity of the city of Ada, Oklahoma. By carrying out this mission, they aim to contribute positively to the local economy and create opportunities for the community.
Official website here: www.growada.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
The Ada Jobs Foundation holds a two-star rating from Charity Navigator, indicating a mixed assessment of its overall performance. With an accountability and finance score of 73, the organization shows strengths in various governance aspects, such as having an entirely independent board and effectively documenting board meeting minutes and financial disclosures.
The foundation demonstrates commendable financial health, reflected in its program expense ratio of 87.25%, ensuring that a significant majority of its expenses are directed toward its mission-related activities. Additionally, the organization maintains a favorable liabilities to assets ratio of 18.32%, showcasing sound fiscal management.
However, despite these strengths, the two-star rating suggests there may be areas for improvement in transparency or effectiveness compared to higher-rated organizations. Stakeholders may want to explore more about the foundation's impact and operational efficiency to make informed decisions regarding support and involvement.
This AI summary has been generated from information found on Charity Navigator.
Is Ada Jobs Foundation legitimate?
Ada Jobs Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ada Jobs Foundation 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: $52,395
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,868
For more financial information, click here
Official website here: www.growada.com
What is the mission statement of Ada Jobs Foundation?
The Ada Jobs Foundation's mission is centered around fostering business growth and development. It actively encourages the emergence of new industries and works towards enhancing the overall industrial and commercial prosperity. The organization's primary objective is to stimulate and advance business growth, thereby contributing to a thriving economic landscape.
Official website here: www.growada.com
What is the revenue of Ada Jobs Foundation?
Ada Jobs Foundation's revenue in 2024 was $966,633.
Official website here: www.growada.com
Who are the executives of Ada Jobs Foundation and what are their salaries?
The average compensation at Ada Jobs Foundation during 2024 was $46,140. There are 9 employees at Ada Jobs Foundation.
Here are 12 key members and their salaries:
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Official website here: www.growada.com
Where can I find the form 990 for Ada Jobs Foundation?
Ada Jobs Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.growada.com
Learn more at the official website: www.growada.com
Mission Statement of Ada Jobs Foundation
Ada Jobs Foundation, a nonprofit organization, is committed to stimulating business growth and encouraging the establishment of new industries within its sphere. Its primary mission is to develop and advance the industrial and business prosperity of the city, aiming to promote a thriving economic landscape. By fostering a conducive environment for businesses, the foundation seeks to stimulate innovation and attract investment, ultimately contributing to the overall growth and development of the city.
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Impact
July, 2024
Ada Jobs Foundation's impact can be seen in the growth and development of businesses and industries in the city of Ada, Oklahoma. By stimulating business growth and encouraging the establishment of new industries, the foundation plays a key role in advancing the industrial and business prosperity of Ada. Through its efforts, Ada Jobs Foundation contributes to the overall economic development and community improvement of the city, creating opportunities for local residents and fostering a vibrant business environment.
This information is meant to be a general summary of Ada Jobs Foundation. 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: $5,666
- Gross Receipts: $966,633
Assets and Liabilities:
- Total Assets: $851,026
- Total Liabilities: $117,198
- Net Assets: $733,828
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Organization Details
Founding Year
1998
Principal Officer
Carol Ervin
Website
www.growada.comNTEE Category
Code: S310 - Community improvement
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