Overview
What is Georgia Micro Enterprise Network?
The Georgia Micro Enterprise Network (GMEN) is a nonprofit organization based in Atlanta, Georgia. Their mission is to establish a supportive environment for micro-business development as a pathway to economic self-sufficiency within the state. GMEN offers various programs, including emergency rental assistance and microenterprise assistance, to help individuals and businesses thrive. By providing essential resources and opportunities, the network contributes to the economic growth and well-being of the community.
Official website here: www.gmen.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Georgia Micro Enterprise Network has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas. While the organization's accountability and financial practices are strong, achieving a commendable score of 83%, there are significant shortcomings in its culture and community engagement, reflected in a low score of 17%. This disparity suggests that while the nonprofit may have solid governance, it struggles to foster a robust community environment.
One notable strength of the organization is its board composition, with 100% independent members, which helps ensure unbiased decision-making. Additionally, the organization demonstrates a strong commitment to program expenses, dedicating 96.43% of its resources to direct programming efforts. However, the absence of crucial policies such as conflict of interest and whistleblower protections, along with missing financial statements, raises concerns about transparency and accountability.
Furthermore, the organization excels in collecting and utilizing feedback, evidenced by perfect scores in these areas, and it effectively addresses challenges while implementing equity strategies. Nevertheless, the lack of publicly available financial documentation and certain governance policies may undermine trust and hinder potential support from the community and donors. Overall, while there are considerable strengths, the Georgia Micro Enterprise Network must address its weaknesses to enhance its overall effectiveness and public perception.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Georgia Micro Enterprise Network?
98% of 12 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
Many supporters express pride in the Georgia Micro Enterprise Network, emphasizing the organization's long-standing commitment to assisting entrepreneurs and small businesses. The consistent delivery of services over the years resonates positively with users, indicating a strong trust in the nonprofit's capabilities.
Overall, those who have engaged with the Network appreciate its dedication and impact. There is a clear sense of appreciation for the support provided, suggesting that this organization fulfills its mission effectively and leaves a positive impression on those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Georgia Micro Enterprise Network legitimate?
Georgia Micro Enterprise Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Micro Enterprise Network 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: $402,936
For more financial information, click here
Official website here: www.gmen.org
What is the mission statement of Georgia Micro Enterprise Network?
The Georgia Micro Enterprise Network (GMEN) is a non-profit organization dedicated to fostering opportunities and providing support for micro-business development as a means to foster economic self-sufficiency in Georgia. By focusing on this sector, GMEN aims to empower individuals in the state through sustainable business growth. The organization offers various programs to achieve this goal, including emergency rental assistance and microenterprise assistance. In essence, GMEN serves as a catalyst for economic advancement by nurturing the growth of small businesses within the community.
Official website here: www.gmen.org
Who is the CEO of Georgia Micro Enterprise Network?
Elizabeth Wilson is the Board Member of Georgia Micro Enterprise Network.
Official website here: www.gmen.org
What is the revenue of Georgia Micro Enterprise Network?
Georgia Micro Enterprise Network's revenue in 2022 was $29,672,011.
Official website here: www.gmen.org
Who are the executives of Georgia Micro Enterprise Network and what are their salaries?
The average compensation at Georgia Micro Enterprise Network during 2022 was $57,562. There are 7 employees at Georgia Micro Enterprise Network.
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Official website here: www.gmen.org
Where can I find the form 990 for Georgia Micro Enterprise Network?
Georgia Micro Enterprise Network's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gmen.org
Learn more at the official website: www.gmen.org
Mission Statement of Georgia Micro Enterprise Network
The Georgia Micro Enterprise Network (GMEN), a nonprofit organization, is dedicated to generating opportunities and providing essential support for micro-business development as a pathway to economic self-sufficiency in Georgia. By fostering this entrepreneurial spirit, GMEN aims to empower individuals and communities, enabling them to build sustainable livelihoods.
GMEN's mission is multifaceted, encompassing various programs designed to cater to the unique needs of micro-businesses in Georgia. One of its key initiatives includes offering emergency rental assistance, providing crucial relief for those facing financial hardships and ensuring that they can maintain stable housing while pursuing their business ventures. This assistance not only alleviates immediate stress but also allows individuals to focus on growing their businesses.
Additionally, GMEN's microenterprise assistance program offers comprehensive support to help small businesses succeed. By providing resources, training, and mentorship, GMEN enables entrepreneurs to develop the skills and knowledge necessary to establish and expand their businesses. This program fosters an environment of growth and resilience, empowering individuals to become self-sufficient and contribute positively to their local economies.
Through its unwavering commitment to economic self-sufficiency, GMEN is making a significant impact on the lives of countless individuals and communities across Georgia. By removing barriers to micro-business development, GMEN is paving the way for a stronger, more vibrant future.
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Impact
October, 2024
Georgia Micro Enterprise Network (GMEN) has a significant impact on local communities by fostering micro-business development as a pathway to economic self-sufficiency in Georgia. Through its strategic programs, GMEN provides essential support and resources, enabling aspiring entrepreneurs to establish and grow their businesses. This not only empowers individuals and families financially but also stimulates local economies by creating jobs and promoting community improvement. GMEN’s initiatives, including emergency rental assistance and targeted microenterprise assistance, directly address the needs of underserved populations, enhancing their opportunities for sustainable livelihoods. Overall, GMEN plays a crucial role in building a robust entrepreneurial ecosystem that contributes to the economic vitality of the region.
This information is meant to be a general summary of Georgia Micro Enterprise Network. 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: $862
- Program Service Revenue: $85,500
- Gross Receipts: $29,672,011
Assets and Liabilities:
- Total Assets: $4,749,947
- Total Liabilities: $3,072,482
- Net Assets: $1,677,465
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING
Revenue
$85,500
Organization Details
Founding Year
1997
Phone
(678) 515-3346Principal Officer
Elizabeth Wilson
Main Address
504 FAIR STREET, ATLANTA, GA, 30313
Website
www.gmen.orgNTEE Category
Code: S43 - Community improvement
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