Overview
What is Build Wealth Mn Inc?
Build Wealth Mn Inc is a nonprofit organization situated in Minneapolis, Minnesota, with a mission to empower families and individuals towards self-sufficiency. They accomplish this through various developmental services, such as financial education, training, technical assistance, and access to resources. By providing favorable financing, affordable housing opportunities, workforce readiness programs, small business development technical assistance, and services to build assets and financial capability, they aim to enhance financial literacy and wealth. In collaboration with community partners, they expand access to resources and opportunities for the underserved, ensuring a comprehensive approach to building social and economic wealth.
Is Build Wealth Mn Inc legitimate?
Build Wealth Mn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Build Wealth Mn 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,476,273
For more financial information, click here
What is the mission statement of Build Wealth Mn Inc?
Build Wealth Mn Inc's mission is centered around assisting families and individuals in building social and economic wealth. They achieve this by providing comprehensive financial education, training, technical assistance, and access to affordable housing opportunities and developmental financial products and services. The organization's goal is to empower individuals with favorable financing, financial literacy training, technical assistance, resources, and services that help them become self-sufficient. Additionally, Build Wealth Mn Inc aids in workforce readiness, small business development, and asset building, collaborating with community partners to expand access to resources and opportunities for the underserved.
Who is the CEO of Build Wealth Mn Inc?
David Mcgee is the Executive Di of Build Wealth Mn Inc.
What is the revenue of Build Wealth Mn Inc?
Build Wealth Mn Inc's revenue in 2022 was $8,653,347.
Who are the executives of Build Wealth Mn Inc and what are their salaries?
The average compensation at Build Wealth Mn Inc during 2022 was $92,267. There are 16 employees and 4 volunteers at Build Wealth Mn Inc.
Here are 6 key members and their salaries:
- David Mcgee (Executive Di)
- Monique Bulson-Bratton (Director)
- Franklin Stovall (Director)
- Loretta Smith (Director)
- Rene Isuk (Director)
- Rochelle Washington (Director)
Where can I find the form 990 for Build Wealth Mn Inc?
The Build Wealth Mn Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Build Wealth Mn Inc
Build Wealth Mn Inc, a nonprofit organization, is committed to assisting families and communities in building social and economic wealth. It achieves this goal by offering comprehensive financial education, training, technical assistance, affordable housing opportunities, and access to developmental financial products and services. The organization's mission is to provide families and individuals with developmental products and services, which encompass favorable financing, financial literacy training, technical assistance, and access to resources. These offerings empower individuals to become self-sufficient, helping them secure affordable housing opportunities, improve workforce readiness, develop small businesses, build assets, enhance financial capability, and foster wealth. Build Wealth Mn Inc collaborates with other community partners to broaden access to resources and opportunities for the underserved.
Impact
This information is meant to be a general summary of Build Wealth Mn Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Build Wealth Mn Inc's impact can be seen in its efforts to help families and communities build social and economic wealth. By providing comprehensive value-based financial education, training, technical assistance, affordable housing opportunities, and access to developmental financial products and services, Build Wealth Mn Inc empowers individuals and families to become self-sufficient. This includes offering favorable financing, financial literacy training, workforce readiness programs, small business development assistance, and services to build assets and financial capability.
Through collaborative partnerships with public and private community organizations, Build Wealth Mn Inc expands access to resources and opportunities for underserved populations. By focusing on education, empowerment, and financial stability, Build Wealth Mn Inc plays a crucial role in promoting economic growth and resilience within communities.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROCESSING FEES
Revenue
$154,998
LENDING REVENUE
Revenue
$76,042
MISCELLANEOUS
Revenue
$28,049
PROGRAM SERVICE FEES
Revenue
$17,799
TRAINING
Revenue
$14,450
Organization Details
Founding Year
2004
Phone
(612) 877-4182
Principal Officer
David Mcgee
Main Address
1256 PENN AVE N, MINNEAPOLIS, MN, 55411
NTEE Category
Code: B60 - Education
If you are a representative of Build Wealth Mn Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.