Overview
What is Sherman Development League Corporation?
The Sherman Development League Corporation is a nonprofit organization situated in Moro, Oregon. Their primary mission is to offer charitable financial assistance to foster community projects within Sherman County. They accomplish this by providing grants to local governments and various nonprofit entities, which in turn offer essential services to the county's residents. Additionally, the Sherman Development League manages a revolving loan fund, offering small businesses in Sherman County, Oregon, with financial aid. Their endeavors aim to strengthen and enrich the community by supporting vital projects and enterprises.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
Sherman Development League Corporation has received an 87% score from Charity Navigator, indicating a solid level of accountability and finance management. The rating is based entirely on a single beacon score that reflects the organization's operational integrity and financial health.
The nonprofit excels in several key areas, including having a fully independent board and a strong conflict of interest policy. It scored full points in various categories, showcasing a commitment to transparency with documented board meeting minutes and effective document retention practices. The organization also maintains a healthy liabilities to assets ratio and a high program expense ratio, ensuring that a significant portion of its funding goes directly to its programs.
While the organization appears to have a robust structure and financial strategy, the focus on the Accountability & Finance score means there may be limited information on other operational aspects or programmatic impact. Overall, Sherman Development League Corporation demonstrates a commitment to responsible management practices.
This AI summary has been generated from information found on Charity Navigator.
Is Sherman Development League Corporation legitimate?
Sherman Development League Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sherman Development League Corporation 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
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What is the mission statement of Sherman Development League Corporation?
The Sherman Development League Corporation is dedicated to providing charitable financial aid, facilitating the creation of community-focused projects. They achieve this by offering grants and loans to local governments and nonprofit organizations within their jurisdiction, thereby supporting essential services and communities. Additionally, the League administers a revolving loan fund, providing financial assistance to small businesses within the area. In essence, their mission is to enhance the well-being of their community by financially backing projects and businesses that contribute to its growth and prosperity.
Who is the CEO of Sherman Development League Corporation?
Melva Thomas is the Chair of Sherman Development League Corporation.
What is the revenue of Sherman Development League Corporation?
Sherman Development League Corporation's revenue in 2022 was $71,662.
Who are the executives of Sherman Development League Corporation and what are their salaries?
There 25 volunteers at Sherman Development League Corporation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Sherman Development League Corporation?
Sherman Development League Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sherman Development League Corporation
The Sherman Development League, a charitable organization, is dedicated to supporting the community of Sherman County, Oregon. Its mission is to offer financial aid in the form of grants and loans to local governments and other nonprofit organizations. By providing this support, the League aims to foster the creation of community-based projects that will positively impact the lives of the residents. The League's primary activities include granting funds to organizations that provide essential services and support to the communities of Sherman County. Additionally, the League operates a revolving loan fund, offering loans to small businesses situated within the county, thereby promoting economic growth and development.
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Impact
August, 2024
Sherman Development League Corporation's impact can be seen in the community of Sherman County, Oregon through the charitable financial support provided to create community-based projects. By offering grants and loans to local governments and nonprofit organizations, the League enables essential services and support to the residents of Sherman County. Additionally, the revolving loan fund extended to small businesses in the area helps stimulate economic growth and development within the county. The League's focus on community improvement demonstrates its dedication to enhancing the quality of life for individuals living in Sherman County.
This information is meant to be a general summary of Sherman Development League Corporation. 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: $1,311
- Program Service Revenue: $17,445
- Gross Receipts: $71,662
Assets and Liabilities:
- Total Assets: $1,732,302
- Total Liabilities: $536,041
- Net Assets: $1,196,261
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Community Revolving Loan
Revenue
$17,445
Organization Details
Founding Year
2001
Phone
(541) 980-4968Principal Officer
Melva Thomas
Main Address
PO Box 11, Moro, OR, 97039
NTEE Category
Code: S30 - Community improvement
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