Overview
What is Organization For Economic Initiatives Inc?
Organization For Economic Initiatives Inc, based in Springfield, Oregon, is a dedicated nonprofit organization. Established in 1986, their primary mission is to contribute to Oregon's economic sustainability and business diversity by providing education, knowledge, and collaboration. They operate the Government Contract Assistance Program (GCAP), which serves as Oregon's Procurement Technical Assistance Program. GCAP offers comprehensive aid to local businesses, guiding them through the processes of pursuing Federal, State, and local government contracts. This assistance includes market assessments, registrations, certifications, understanding regulations, contract types, and contract administration. With a team of 12 individuals, the Organization For Economic Initiatives Inc plays a crucial role in fostering business growth and diversification in Oregon.
Official website here: www.gcap.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the nonprofit's performance based on accountability and finance, indicating that while the organization demonstrates some strong governance practices, there are notable deficiencies in financial transparency.
The organization boasts a fully independent board with 100% independent members, which is a positive indicator of governance. It also shows strong financial metrics, such as a program expense ratio of 99.78%, indicating that nearly all funds are directed towards its programs. However, the lack of financial statements and missing policies, such as for whistleblower protection and document retention, suggest areas for improvement in transparency and accountability.
Additionally, the organization has not posted its tax form on its website, which is a significant gap in its financial disclosures. While there are no issues with asset diversion and the liabilities to assets ratio is healthy, the overall absence of key financial documents limits stakeholders' ability to fully evaluate the nonprofit's financial health. Addressing these gaps could enhance the organization's standing and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Organization For Economic Initiatives Inc legitimate?
Organization For Economic Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Organization For Economic Initiatives 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: $119,134
Professional Fundraising Fees: $0
Other Salaries and Wages: $468,569
For more financial information, click here
Official website here: www.gcap.org
What is the mission statement of Organization For Economic Initiatives Inc?
The Organization for Economic Initiatives Inc is devoted to promoting Oregon's economic sustainability and business diversity. They achieve this goal through education, knowledge sharing, and fostering collaboration. Specifically, they offer comprehensive assistance to local businesses in securing government contracts, providing guidance on market assessment, registrations, certifications, regulations, contract types, and administration. This program, known as the Government Contract Assistance Program (GCAP), has been operational in Oregon since 1986.
Official website here: www.gcap.org
Who is the CEO of Organization For Economic Initiatives Inc?
J Rick Evans is the Executive Dir. of Organization For Economic Initiatives Inc.
Official website here: www.gcap.org
What is the revenue of Organization For Economic Initiatives Inc?
Organization For Economic Initiatives Inc's revenue in 2022 was $989,564.
Official website here: www.gcap.org
Who are the executives of Organization For Economic Initiatives Inc and what are their salaries?
The average compensation at Organization For Economic Initiatives Inc during 2022 was $48,975. There are 12 employees and 5 volunteers at Organization For Economic Initiatives Inc.
Here are 6 key members and their salaries:
- Compensation: $97,438
- Related: $0
- Other: $20,136
- 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
Official website here: www.gcap.org
Where can I find the form 990 for Organization For Economic Initiatives Inc?
Organization For Economic Initiatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gcap.org
Learn more at the official website: www.gcap.org
Mission Statement of Organization For Economic Initiatives Inc
The Organization for Economic Initiatives Inc is committed to enhancing Oregon's economic resilience and promoting business diversity. They achieve this mission through education, knowledge sharing, and fostering collaboration. Specifically, the organization operates the Government Contract Assistance Program (GCAP), which has been serving Oregon since 1986. GCAP provides extensive assistance to local businesses, helping them navigate the process of pursuing contracts with federal, state, and local governments. This includes market assessment, registration, certification, understanding regulations, and contract administration. By offering this comprehensive support, the Organization for Economic Initiatives Inc contributes significantly to Oregon's economic sustainability and business diversification.
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Impact
July, 2024
Organization For Economic Initiatives Inc, operating in Springfield, Oregon since 1986, is making a significant impact by contributing to the state's economic sustainability and business diversity. Through their Government Contract Assistance Program (GCAP), they provide crucial support to Oregon businesses in navigating and pursuing government contracts at the federal, state, and local levels. By offering guidance on market assessment, registrations, certifications, regulations, contract types, and contract administration, GCAP is empowering businesses and facilitating their participation in the government contracting space. This initiative not only supports individual businesses but also helps stimulate economic growth and promote business diversity in Oregon.
This information is meant to be a general summary of Organization For Economic Initiatives 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: $50
- Program Service Revenue: $9,178
- Gross Receipts: $989,564
Assets and Liabilities:
- Total Assets: $608,234
- Total Liabilities: $152,397
- Net Assets: $455,837
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Client Services
Revenue
$9,178
Organization Details
Founding Year
1987
Phone
(541) 888-7034Principal Officer
J Rick Evans
Main Address
1144 Gateway Loop Ste 203, Springfield, OR, 97477
Website
www.gcap.orgNTEE Category
Code: S40 - Community improvement
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