Overview
What is New Growth Innovation Network?
New Growth Innovation Network (NGIN) is a non-profit organization situated in Miami, Florida, dedicated to fostering equitable economies in various American cities and regions. By focusing on three main areas in 2022, NGIN aimed to extend its community of practice across 40 states, launching resources and events to promote best practices in inclusive economic growth. Furthermore, they launched publications and virtual events, including the widely-utilized Inclusive Recovery Toolkit. Additionally, NGIN worked on thematic priorities and place-based projects, addressing digital equity, economic mobility, small and midsize cities, and community and economic development partnerships to advance equitable economies. Ultimately, their mission is to establish a robust field of inclusive growth practice that drives a more inclusive and prosperous economy.
Official website here: www.newgrowth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The New Growth Innovation Network has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. With a score of 97%, it demonstrates solid oversight through a fully independent board comprising 17 members. Key financial metrics, such as a low liabilities to assets ratio and high program expense ratio, indicate that the organization effectively allocates resources towards its mission.
The organization shows a commitment to transparency and best practices, evidenced by its comprehensive policies regarding conflict of interest, whistleblower protection, and document retention. The absence of material diversion of assets and no loans to or from officers further underscores its integrity and operational soundness. Additionally, the 85.75% program expense ratio suggests that a significant majority of funds are directed towards programs rather than administrative costs.
While the rating is excellent, potential donors may want to consider the specific programs and initiatives that the New Growth Innovation Network supports, as this information is crucial for understanding its impact. Overall, the organization stands out for its financial stability and ethical governance, making it a commendable choice for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is New Growth Innovation Network legitimate?
New Growth Innovation Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Growth Innovation Network 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: $412,672
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,125,338
For more financial information, click here
Official website here: www.newgrowth.org
What is the mission statement of New Growth Innovation Network?
The New Growth Innovation Network (NGIN) is committed to establishing a strong field of inclusive growth practices that fosters a more equitable and prosperous economy. This non-profit organization works towards ensuring that economic opportunities are not confined by factors such as income, race, gender, or geography. In 2022, NGIN focused its efforts on three main areas: expanding its community of practice across various states, launching publications and events to share best practices in inclusive economic growth, and engaging in thematic priorities and place-based projects to promote inclusive economic development. These initiatives encompassed various aspects, including digital equity, economic mobility, the advancement of small and midsize cities, and community and economic development partnerships.
Official website here: www.newgrowth.org
Who is the CEO of New Growth Innovation Network?
M Yasmina Mccarty is the CEO of New Growth Innovation Network The CEO's salary of New Growth Innovation Network is $228,800 and their total compensation is $228,800.
Official website here: www.newgrowth.org
What is the revenue of New Growth Innovation Network?
New Growth Innovation Network's revenue in 2023 was $1,835,314.
Official website here: www.newgrowth.org
Who are the executives of New Growth Innovation Network and what are their salaries?
The average compensation at New Growth Innovation Network during 2023 was $128,168. There are 12 employees at New Growth Innovation Network.
Here are 17 key members and their salaries (New Growth Innovation Network's CEO's salary is $228,800 and their total compensation is $228,800):
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Official website here: www.newgrowth.org
Where can I find the form 990 for New Growth Innovation Network?
New Growth Innovation Network's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newgrowth.org
Learn more at the official website: www.newgrowth.org
Mission Statement of New Growth Innovation Network
New Growth Innovation Network, a non-profit organization, is dedicated to building a robust field of inclusive growth practice. This mission aims to drive a more inclusive and prosperous economy, ensuring that economic opportunity is not constrained by factors such as income, race, gender, or geography. In 2022, NGIN focused its efforts on three key areas: community, insights, and innovations.
In the realm of community, NGIN expanded its network of practitioners across 40 states, fostering a growing body of knowledge, insights, and commitment to equitable economic growth. By doing so, the organization aimed to connect professionals and communities working towards a more inclusive economy.
The insights component of NGIN's mission involved launching publications, virtual events, and communications on best practices for inclusive economic growth. This included the widely utilized Inclusive Recovery Toolkit, which provided valuable resources for organizations and communities seeking to advance equitable economic development.
Lastly, in the innovations category, NGIN focused on thematic priorities and place-based projects that furthered inclusive economic development. These initiatives covered various subjects, including digital equity, economic mobility, small and midsize cities, and community and economic development partnerships. By addressing these issues, NGIN worked to advance equitable economies and create opportunities for all.
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Impact
July, 2024
New Growth Innovation Network's impact lies in driving a more inclusive and prosperous economy by advancing inclusive economies in US cities and regions. Through its work, NGIN aims to ensure that economic opportunity is accessible to all, regardless of income, race, gender, or geography. In 2022, NGIN extended its community of practice across 40 states, increasing knowledge, insights, and commitment to equitable economic growth. Additionally, NGIN launched publications, virtual events, and communications on best practices for inclusive economic growth, including the widely utilized Inclusive Recovery Toolkit. The organization also focused on thematic priorities and place-based projects that advanced inclusive economic development, such as digital equity, economic mobility, small and midsize cities, and community and economic development partnerships to promote equitable economies.
This information is meant to be a general summary of New Growth Innovation Network. 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.
- Gross Receipts: $1,835,314
Assets and Liabilities:
- Total Assets: $3,511,444
- Total Liabilities: $16,490
- Net Assets: $3,494,954
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Organization Details
Founding Year
2018
Principal Officer
M Yasmina Mccarty
Website
www.newgrowth.orgNTEE Category
Code: S20 - Community improvement
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