Overview
What is Jari Growth Fund Inc?
Jari Growth Fund Inc is a community-focused nonprofit organization situated in the Southern Alleghenies Region of Pennsylvania. Their primary mission is to stimulate economic growth and development in economically disadvantaged communities by fostering job creation and investment. They achieve this by offering financial aid, management assistance, and skills training to both new and struggling businesses situated in low-income areas. The organization specifically aims to support businesses that could potentially employ moderate-income individuals, thereby contributing to the overall well-being of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
The Jari Growth Fund Inc has received a commendable score of 86%, indicating strong accountability and financial practices. This rating is based entirely on their performance in the Accountability & Finance category, reflecting a commitment to maintaining high standards in these areas. The organization has demonstrated its dedication to transparency and responsible management of funds, making it a reliable choice for potential donors.
Notable strengths include a fully independent board, which consists of eight members, and a solid financial performance with a program expense ratio of over 88%. Additionally, they have established a comprehensive audit and oversight committee, ensuring that their financial statements are rigorously evaluated. The absence of asset diversion and the presence of a conflict of interest policy further enhance their credibility.
However, while their financial metrics are strong, potential donors may want to consider the overall program impact and specific mission achievements, as these details were not highlighted in the rating summary. Overall, Jari Growth Fund Inc appears to be a responsible and transparent organization that effectively manages its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Jari Growth Fund Inc legitimate?
Jari Growth Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jari Growth Fund 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 Jari Growth Fund Inc?
The Jari Growth Fund Inc's mission is focused on stimulating economic growth in economically disadvantaged communities. It achieves this by participating in initiatives that foster job creation, attract investment, and promote sustainable business growth. The organization provides financial aid, management assistance, and training to both new and struggling businesses, particularly those located in low-income areas and employing or potentially employing moderate-income individuals. As a community-based organization, its primary goal is to support and empower businesses, thereby contributing to the overall economic development of these communities.
Who is the CEO of Jari Growth Fund Inc?
Linda Thomson is the Director of Jari Growth Fund Inc.
What is the revenue of Jari Growth Fund Inc?
Jari Growth Fund Inc's revenue in 2022 was $932,151.
Who are the executives of Jari Growth Fund Inc and what are their salaries?
There 8 volunteers at Jari Growth Fund Inc.
Here are 11 key members and their salaries:
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- Related: $172,666
- Other: $26,429
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- Related: $102,391
- Other: $27,417
- Compensation: $0
- Related: $80,197
- Other: $16,880
Where can I find the form 990 for Jari Growth Fund Inc?
Jari Growth Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jari Growth Fund Inc
Jari Growth Fund Inc, as a community-based organization, is dedicated to fostering economic development in economically disadvantaged areas within the Southern Alleghenies Region of Pennsylvania. Their mission is multifaceted, encompassing various activities aimed at creating sustainable jobs and stimulating investment and economic growth. This nonprofit provides financial assistance, management assistance, and training in both management and labor to help new and distressed businesses, as well as businesses situated in low-income, distressed areas, that employ or have the potential to employ moderate-income individuals. By engaging in these activities, Jari Growth Fund Inc aims to contribute significantly to the revitalization of the communities they serve.
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Impact
July, 2024
Jari Growth Fund Inc's impact is focused on promoting economic development in economically distressed communities in the Southern Alleghenies Region of Pennsylvania. By providing funds, management assistance, training, and financial support to businesses in low-income areas, the organization plays a crucial role in creating sustainable jobs, encouraging investment, and fostering economic growth. Through its efforts, Jari Growth Fund Inc contributes to the revitalization and empowerment of communities by supporting businesses that employ or have the potential to employ moderate-income individuals.
This information is meant to be a general summary of Jari Growth Fund 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: $61,278
- Gross Receipts: $932,151
Assets and Liabilities:
- Total Assets: $2,596,146
- Total Liabilities: $1,288,407
- Net Assets: $1,307,739
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Organization Details
Founding Year
2016
Phone
(814) 535-6553Principal Officer
Linda Thomson
Main Address
245 MARKET STREET SUITE 200, JOHNSTOWN, PA, 159012910
NTEE Category
Code: S30 - Community improvement
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