Overview
What is Invest Up?
Invest Up is a nonprofit organization based in Marquette, Michigan, located at 101 W Washington St STE 13. Their mission is to enhance the vitality of communities within Michigan's Upper Peninsula by leveraging local resources, capital, and expertise. They aim to foster economic opportunities in the region, assist with hiring challenges faced by employers, and promote the area as an attractive place to work and live. Invest Up undertakes various activities and initiatives in line with these strategic objectives.
Official website here: www.investupmi.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
Invest Up has received a Two-Star rating from Charity Navigator, indicating a mixed performance in accountability and finance. While the organization benefits from a fully independent board and has no material diversion of assets, there are notable gaps in governance practices, including missing conflict of interest and whistleblower policies. This raises questions about the organization’s adherence to best practices in nonprofit management.
The organization demonstrates financial stability, reflected in a low liabilities to assets ratio of 1.75% and a program expense ratio of 66.19%. This suggests that a significant portion of its resources is allocated towards its charitable programs, which is a positive sign for potential donors. However, the missing elements in governance policies may hinder overall transparency and accountability.
Overall, while Invest Up shows strengths in financial management and board independence, the absence of critical governance policies indicates areas for improvement. Donors may want to consider these factors when evaluating their support for the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Invest Up legitimate?
Invest Up is a legitimate nonprofit organization registered as a 501(c)(3) entity. Invest Up 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
Official website here: www.investupmi.com
What is the mission statement of Invest Up?
Invest Up's mission is focused on enhancing the vitality of communities in various regions. They achieve this by leveraging local resources, capital, and expertise. The primary objective is to foster economic opportunities throughout the area, aiming to make it an attractive place for both living and working. Additionally, Invest Up engages in promoting the region, assisting employers in overcoming hiring challenges, and supporting business growth and expansion.
Official website here: www.investupmi.com
Who is the CEO of Invest Up?
Steve Hicks is the Ceo of Invest Up. The CEO's salary of Invest Up is $0 and their total compensation is $0.
Official website here: www.investupmi.com
What is the revenue of Invest Up?
Invest Up's revenue in 2022 was $1,071,521.
Official website here: www.investupmi.com
Who are the executives of Invest Up and what are their salaries?
Here are 5 key members and their salaries (Invest Up's CEO's salary is $0 and their total compensation is $0):
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.investupmi.com
Where can I find the form 990 for Invest Up?
Invest Up's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.investupmi.com
Learn more at the official website: www.investupmi.com
Mission Statement of Invest Up
Invest Up, a nonprofit organization, aims to enhance the vitality of communities impacted by Michigan's Upper Peninsula. They achieve this by leveraging local resources, capital, and expertise, and fostering economic opportunities throughout the area. The mission of Invest Up is to strengthen and revitalize these communities, making them attractive places to work and live. They strive to assist with the hiring challenges that businesses in the region are facing, and help existing businesses grow, develop, and expand. By pursuing these objectives, Invest Up aims to improve the overall economic well-being of the communities in Michigan's Upper Peninsula.
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Impact
July, 2024
Invest Up's impact can be seen in the enhanced vitality of the communities in Michigan's Upper Peninsula. By leveraging local resources with capital and expertise, Invest Up has fostered economic opportunity throughout the area. Initiatives such as promoting the region as a great place to work and live, addressing hiring challenges faced by employers, and supporting business development and growth have all contributed to the positive impact Invest Up has had on the region. Their focus on community improvement has been instrumental in driving economic growth and prosperity in the Upper Peninsula.
This information is meant to be a general summary of Invest Up. 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: $92
- Gross Receipts: $1,071,521
Assets and Liabilities:
- Total Assets: $261,240
- Total Liabilities: $4,573
- Net Assets: $256,667
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Organization Details
Founding Year
2017
Phone
(906) 251-0592Principal Officer
Steve Hicks
Main Address
101 W WASHINGTON ST STE 13, MARQUETTE, MI, 49855
Website
www.investupmi.comNTEE Category
Code: S30 - Community improvement
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