Overview
What is Greater Lima Region Inc?
Greater Lima Region Inc is a nonprofit organization based in Lima, Ohio, with a strategic focus on revitalizing the region by promoting community and economic development. They oversee projects and programs designed to strengthen and improve the area, boosting the region's economy by attracting, developing, expanding, and retaining various enterprises, including businesses, industries, education, culture, civic, and community organizations. The organization also plays a role in workforce development, assisting in the creation, attraction, and retention of jobs for the region's population. Their mission is to foster growth in the area through business expansion and capital investment, working across boundaries to achieve these goals. The nonprofit has a small team, with a total of 2 employees.
Official website here: www.greaterlimaregion.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Greater Lima Region Inc has achieved an impressive score of 97%, reflecting a strong performance in accountability and financial health. The organization has received a Four-Star rating, which signifies its commitment to transparency and effective governance. This high rating is solely derived from its accountability and finance metrics, showcasing its dedication to managing resources responsibly.
The charity demonstrates exemplary governance with 100% of its board members being independent, which promotes objectivity and reduces potential conflicts of interest. Additionally, it has no material diversion of assets, indicating strong financial integrity. The organization also excels in its operational policies, having established comprehensive conflict of interest and whistleblower policies, as well as a system for document retention and destruction.
While the organization shows strong financial performance, with a program expense ratio of 78.41%, indicating that a significant portion of its resources goes directly to its programs, it is important for potential donors to continue to monitor ongoing operational effectiveness and impact. Overall, Greater Lima Region Inc appears to be a well-managed nonprofit with robust financial practices and governance structures in place.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Lima Region Inc legitimate?
Greater Lima Region Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Lima Region 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: $132,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,000
For more financial information, click here
Official website here: www.greaterlimaregion.com
What is the mission statement of Greater Lima Region Inc?
Greater Lima Region Inc's mission is to foster growth in its region by engaging in business expansion and capital investment. This organization works across boundaries to revitalize and strengthen its community, overseeing projects and programs designed to enhance the region's economy. By promoting economic development, the organization attracts, develops, and retains various enterprises such as businesses, industries, educational institutions, cultural centers, civic organizations, and community projects. Furthermore, Greater Lima Region Inc is dedicated to supporting workforce development, aiming to create and retain jobs for the region's population.
Official website here: www.greaterlimaregion.com
Who is the CEO of Greater Lima Region Inc?
Phil Buell is the Secretary/ Treasurer of Greater Lima Region Inc.
Official website here: www.greaterlimaregion.com
What is the revenue of Greater Lima Region Inc?
Greater Lima Region Inc's revenue in 2022 was $486,141.
Official website here: www.greaterlimaregion.com
Who are the executives of Greater Lima Region Inc and what are their salaries?
The average compensation at Greater Lima Region Inc during 2022 was $92,086. There are 2 employees at Greater Lima Region Inc.
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- Compensation: $127,166
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- Other: $5,007
Official website here: www.greaterlimaregion.com
Where can I find the form 990 for Greater Lima Region Inc?
Greater Lima Region Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greaterlimaregion.com
Learn more at the official website: www.greaterlimaregion.com
Mission Statement of Greater Lima Region Inc
Greater Lima Region Inc, a nonprofit organization, is committed to driving growth and investment in its region. Its strategic focus is to revitalize and strengthen the Greater Lima, Ohio area by promoting community and economic development. This involves overseeing projects and programs designed to enhance the region, improving its economy by attracting, expanding, and retaining businesses, industries, educational institutions, cultural centers, civic organizations, and other enterprises. The organization also plays a significant role in workforce development, assisting in the creation, attraction, expansion, and retention of jobs for the region's population. In essence, Greater Lima Region Inc works across boundaries to foster business growth and capital investment, ultimately aiming to enhance the overall well-being and prosperity of its region.
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Impact
July, 2024
Greater Lima Region Inc's impact includes driving economic development and business growth in the Greater Lima, Ohio region. By overseeing projects and programs aimed at strengthening and improving the community, this organization contributes to the revitalization of the area. Additionally, their focus on developing, attracting, expanding, and retaining businesses and enterprises in the region helps to boost the local economy. Through workforce development initiatives, they also play a role in creating job opportunities for the residents of the region. Overall, Greater Lima Region Inc's efforts have a positive impact on the community, leading to improved economic prospects and quality of life.
This information is meant to be a general summary of Greater Lima Region 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: $5,631
- Gross Receipts: $486,141
Assets and Liabilities:
- Total Assets: $1,494,535
- Total Liabilities: $9,393
- Net Assets: $1,485,142
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Organization Details
Founding Year
2017
Phone
(419) 222-7706Principal Officer
Phil Buell
Main Address
144 SOUTH MAIN STREET 200, LIMA, OH, 45801
Website
www.greaterlimaregion.comNTEE Category
Code: S21 - Community improvement
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