Overview
What is Greater Dayton Union Cooperative Initiative Inc?
Greater Dayton Union Cooperative Initiative Inc is a nonprofit organization located at 840 Germantown Street, Dayton, Ohio 45402. Their primary mission is to foster the growth of cooperative businesses, with a goal of creating and preserving good employment opportunities within their region. By incubating cooperative enterprises, this organization aims to construct a local economy that benefits everyone. They have facilitated a training and business accelerator program to support underrepresented business founders in establishing cooperative ventures. With a team of 9 dedicated individuals, Greater Dayton Union Cooperative Initiative Inc plays a significant role in promoting economic development and job creation in their community.
Official website here: www.coopdayton.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
The Greater Dayton Union Cooperative Initiative Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 88%. This score is primarily based on the charity's Accountability & Finance metrics, indicating a strong commitment to financial transparency and responsible governance. The organization boasts a fully independent board, achieving the highest possible score for independent board member representation.
Strengths of the organization include exemplary management of financial statements, as evidenced by a complete audit score, and a high program expense ratio of 87.82%, indicating that a significant majority of its funds are directed toward its programs. Additionally, the organization has established comprehensive policies for conflict of interest and document retention, enhancing its accountability.
However, it is worth noting that the charity lacks a whistleblower policy, which has resulted in a score of zero in that category. While this does not significantly detract from its overall performance, it suggests an area for potential improvement in terms of internal governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Dayton Union Cooperative Initiative Inc legitimate?
Greater Dayton Union Cooperative Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Dayton Union Cooperative Initiative 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: $57,863
Professional Fundraising Fees: $0
Other Salaries and Wages: $250,548
For more financial information, click here
Official website here: www.coopdayton.org/
What is the mission statement of Greater Dayton Union Cooperative Initiative Inc?
The Greater Dayton Union Cooperative Initiative Inc serves a mission to incubate cooperative businesses, aiming to create and retain good employment opportunities within the region. This initiative strives to construct a local economy that is beneficial for all its inhabitants. To accomplish this goal, they facilitate a training and business accelerator program, specifically designed for underrepresented business founders, helping them establish cooperative enterprises.
Official website here: www.coopdayton.org/
Who is the CEO of Greater Dayton Union Cooperative Initiative Inc?
Matthew Currie is the Director of Greater Dayton Union Cooperative Initiative Inc.
Official website here: www.coopdayton.org/
What is the revenue of Greater Dayton Union Cooperative Initiative Inc?
Greater Dayton Union Cooperative Initiative Inc's revenue in 2023 was $1,855,039.
Official website here: www.coopdayton.org/
Who are the executives of Greater Dayton Union Cooperative Initiative Inc and what are their salaries?
The average compensation at Greater Dayton Union Cooperative Initiative Inc during 2023 was $34,268. There are 9 employees and 20 volunteers at Greater Dayton Union Cooperative Initiative Inc.
Here are 7 key members and their salaries:
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- Compensation: $57,864
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Official website here: www.coopdayton.org/
Where can I find the form 990 for Greater Dayton Union Cooperative Initiative Inc?
Greater Dayton Union Cooperative Initiative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.coopdayton.org/
Learn more at the official website: www.coopdayton.org/
Mission Statement of Greater Dayton Union Cooperative Initiative Inc
Greater Dayton Union Cooperative Initiative Inc, a nonprofit organization, is committed to incubating cooperative businesses with the aim of creating and retaining good jobs in the local community. This mission is driven by the desire to build an economy that benefits all residents in the region. The organization accomplishes this by facilitating a training and business accelerator program, specifically targeting underrepresented business founders. Through this program, aspiring entrepreneurs learn the skills needed to establish cooperative businesses, thereby contributing to the local economy and creating job opportunities. By fostering the growth of cooperatives, Greater Dayton Union Cooperative Initiative Inc is instrumental in promoting a sustainable and equitable economic environment.
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Impact
July, 2024
Greater Dayton Union Cooperative Initiative Inc's impact is profound in the community, as it actively incubates cooperative businesses to create and retain good jobs in the region. By fostering a local economy that works for all, GDUCI is instrumental in providing opportunities for underrepresented business founders to start cooperative businesses through training and business accelerator programs. Through its mission to build a more inclusive and sustainable economy, GDUCI is making a significant contribution to community improvement in Dayton, Ohio.
This information is meant to be a general summary of Greater Dayton Union Cooperative Initiative 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 2023.
- Investment Income: $49,630
- Program Service Revenue: $109,000
- Gross Receipts: $1,855,039
Assets and Liabilities:
- Total Assets: $4,191,055
- Total Liabilities: $54,204
- Net Assets: $4,136,851
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING
Revenue
$109,000
Organization Details
Founding Year
2016
Phone
(937) 716-1717Principal Officer
Matthew Currie
Main Address
840 GERMANTOWN ST, DAYTON, OH, 45402
Website
www.coopdayton.org/NTEE Category
Code: S30 - Community improvement
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