Overview
What is Partnership West Inc?
Partnership West Inc, based in Newark, New Jersey, is a dedicated nonprofit organization with a mission to foster economic growth within the community. They achieve this through a community economic development program, specifically focusing on establishing a Business Improvement District. Their initiatives aim to enhance the local business environment and promote overall community improvement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Partnership West Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization’s score is solely derived from its Accountability & Finance metrics, where it scored 84%. This reflects a strong commitment to transparency and proper fiscal management, which is crucial for fostering donor trust.
The nonprofit demonstrates exemplary governance, with 100% independent board members and robust oversight practices. It has successfully implemented policies that prevent material diversion of assets and manage conflicts of interest effectively. Additionally, its financial structure shows a healthy liabilities-to-assets ratio, suggesting prudent financial management.
One area noted in the financial metrics is the program expense ratio, which stands at 68.52%. While this indicates a significant portion of funds is allocated to programs, a slightly higher percentage could enhance the organization's effectiveness. Overall, Partnership West Inc appears to maintain a strong foundation for its operations while continually striving for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Partnership West Inc legitimate?
Partnership West Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partnership West 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: $93,699
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,677
For more financial information, click here
What is the mission statement of Partnership West Inc?
Partnership West Inc's mission lies in enhancing businesses through a community economic development program. Their primary goal is to establish a Business Improvement District, with the aim of improving the community and fostering economic growth. Their initiatives are designed to uplift the local economy and stimulate progress.
What is the revenue of Partnership West Inc?
Partnership West Inc's revenue in 2023 was $655,697.
Who are the executives of Partnership West Inc and what are their salaries?
The average compensation at Partnership West Inc during 2023 was $133,376. There is 1 employee and 14 volunteers at Partnership West Inc.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Partnership West Inc?
Partnership West Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Partnership West Inc
Partnership West, as a nonprofit organization, is dedicated to enhancing businesses within its community through a comprehensive community economic development program. Their mission is to establish a Business Improvement District, with the primary goal of improving the overall condition of the area and fostering economic growth. By implementing various programs, Partnership West aims to revitalize the community and stimulate business expansion.
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Impact
July, 2024
Partnership West Inc has made a significant impact on the business community in Newark, NJ through its community economic development program. By focusing on creating a Business Improvement District, Partnership West has successfully improved businesses in the area and promoted economic growth. Their programs are tailored to enhance the community as a whole, resulting in a tangible and positive impact on the local economy. Through their dedication to community improvement, Partnership West Inc has played a crucial role in fostering a thriving business environment in Newark, NJ.
This information is meant to be a general summary of Partnership West 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: $876
- Gross Receipts: $683,474
Assets and Liabilities:
- Total Assets: $1,010,289
- Total Liabilities: $22,404
- Net Assets: $987,885
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Organization Details
Founding Year
2018
Principal Officer
Cesar Vizcaino
NTEE Category
Code: S20 - Community improvement
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