Overview
What is Region Smart Inc?
Region Smart Inc, based in Memphis, Tennessee, is a nonprofit organization with a single employee. Their primary focus is to bring together MidSouth leaders to discuss and address regional issues, aiming to collaborate on potential solutions. One of their notable initiatives is the Emerging Developers program, which has graduated several classes of individuals through their signature curriculum offering. This organization plays a crucial role in fostering collaboration and driving positive change within its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Region Smart Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's overall score is derived entirely from a single beacon score, showcasing effective management practices. Significant strengths include a fully independent board (10 out of 10 points), a small board size with six independent members, and no reported material diversion of assets.
The organization also demonstrates robust financial health, with a liabilities to assets ratio of 42.30% and a program expense ratio of 77.45%, meaning that a substantial majority of its expenses are allocated towards its programs. Additionally, the presence of a conflict of interest policy and the documentation of board meeting minutes further enhance its credibility.
While the rating reflects strong overall practices, it is based solely on accountability and finance metrics. Potential donors may wish to explore additional aspects, such as program impact and community feedback, to gain a comprehensive understanding of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Region Smart Inc legitimate?
Region Smart Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Region Smart 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: $30,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Region Smart Inc?
Region Smart Inc's mission is centered around bringing together leaders from the MidSouth region to discourse on critical regional matters and brainstorm collaborative solutions. This organization serves as a platform for fostering cooperation and collective action, aiming to address the shared challenges and opportunities that the region presents. By convening these discussions, Region Smart Inc plays a crucial role in promoting collaboration and facilitating the development of effective strategies for regional development.
Who is the CEO of Region Smart Inc?
Anna Mcquiston is the Executive Director of Region Smart Inc.
What is the revenue of Region Smart Inc?
Region Smart Inc's revenue in 2023 was $84,929.
Who are the executives of Region Smart Inc and what are their salaries?
The average compensation at Region Smart Inc during 2023 was $30,000. There is 1 employee and 6 volunteers at Region Smart Inc.
Here are 6 key members and their salaries:
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Region Smart Inc?
Region Smart Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Region Smart Inc
Region Smart Inc, as a nonprofit organization, brings together leaders from the MidSouth region to engage in discussions about pressing regional issues and explore collaborative solutions. By convening these influential figures, Region Smart Inc aims to foster a sense of unity and collective action, ultimately leading to meaningful progress in addressing the challenges that affect the MidSouth community. The organization's mission is centered around identifying key issues and facilitating collaborative efforts to develop effective solutions, thereby contributing to a more prosperous and united region.
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Impact
October, 2024
Region Smart Inc significantly influences the MidSouth region by fostering collaboration among leaders to address critical regional issues. By convening discussions on matters of importance, the organization facilitates the sharing of ideas and resources, ultimately leading to innovative solutions that benefit the community as a whole.
One of its key initiatives, the Emerging Developers program, plays a vital role in cultivating local talent. With the recent graduation of a third class of 26 participants from its signature curriculum, Region Smart Inc is actively building a network of skilled individuals equipped to drive community improvement projects. This capacity-building effort not only empowers graduates but also enhances the region's overall development potential.
In Memphis, TN, Region Smart Inc is a pivotal player in mobilizing change and encouraging partnerships that lead to sustainable growth, making a lasting impact on the lives of residents and the fabric of the community.
This information is meant to be a general summary of Region Smart 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.
- Gross Receipts: $84,929
Assets and Liabilities:
- Total Assets: $2,799
- Total Liabilities: $1,184
- Net Assets: $1,615
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Organization Details
Founding Year
2019
Phone
(901) 264-0579Principal Officer
Anna Mcquiston
Main Address
110 ADAMS AVE SUITE 501, Memphis, TN, 38103
NTEE Category
Code: S20 - Community improvement
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