Economic Growth Centers Inc
Nonprofit profile at a glance
- EIN
- 363369091
- IRS 990-EZ coverage
- 2012–2012
- Forms available
- Form 990 2011, Form 990-EZ 2012
- Location
- Minneapolis, MN, USA
- Phone
- 6128729117
- Rating confidence
- Limited
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $-1,308
- Expenses
- $198,461
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
6 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To strengthen the economic vitality of the twin cities metro area and improve the lives of its low income and underserved residents; stabilize distressed neighborhoods by physical revitalization; expand the tax base; create wealth for residents; support the provision of goods, services; increase employment opportunities; create a safer and more attractive environment.
What it reported doing in 2012
Legacy Grant Fund to support small businesses and non-profits. Made grants to support 27 businesses & one arts non-profit(Huge Theater) and transfer grants to 4 non-profit community developers.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 74
- Sustainability: 0
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 95.6%; rating input score 96
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 1st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -15,272.9%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: -77.5% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -118.2% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 95.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $190K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.