Overview
What is Boaz And Ruth Inc?
Boaz and Ruth Inc, located in Richmond, Virginia, is a nonprofit organization with a mission to rebuild lives and communities through economic revitalization, job training, and fostering relationships. By providing employment opportunities, this organization aims to transform unemployed individuals into valuable contributors to society. With a team of 11 dedicated employees, Boaz and Ruth Inc operates in Richmond, offering training and education programs to help individuals regain their footing in the job market.
Official website here: www.boazandruth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating. Boaz And Ruth Inc has received a commendable score of 84%, indicating a solid overall performance in its operations and financial practices. The rating reflects a strong Accountability & Finance score of 83% and a Culture & Community score of 85%. The organization demonstrates excellence in board independence and has effectively avoided any material diversion of assets.
Strengths of Boaz And Ruth Inc include a fully independent board and a high program expense ratio of 79.15%, indicating that a significant portion of its funds are directed towards its programs. The nonprofit also excels in collecting and utilizing constituent feedback, achieving perfect scores in these areas. This commitment to transparency and responsiveness highlights the organization’s effectiveness in engaging with its community.
However, the organization faces some limitations regarding its policies. Notably, it lacks a whistleblower policy and document retention and destruction policy, which may raise concerns about governance and risk management. Additionally, while the Equity Strategies Score is relatively strong at 77, the organization only scored 3 out of 7 for Equity Policies & Processes, suggesting room for improvement in addressing equity within its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Boaz And Ruth Inc legitimate?
Boaz And Ruth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boaz And Ruth 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: $68,796
Professional Fundraising Fees: $240
Other Salaries and Wages: $149,971
For more financial information, click here
Official website here: www.boazandruth.com
What is the mission statement of Boaz And Ruth Inc?
Boaz and Ruth Inc's mission is centered around revitalizing communities and fostering societal integration. Their primary goal is to empower unemployed individuals, enabling them to become active contributors to society. This is achieved through the provision of job training and educational opportunities, which equip these individuals with the necessary skills to become productive members of their communities.
Official website here: www.boazandruth.com
Who is the CEO of Boaz And Ruth Inc?
Megan Rollins is the President/Ceo of Boaz And Ruth Inc. The CEO's salary of Boaz And Ruth Inc is $68,315 and their total compensation is $68,315.
Official website here: www.boazandruth.com
What is the revenue of Boaz And Ruth Inc?
Boaz And Ruth Inc's revenue in 2022 was $484,698.
Official website here: www.boazandruth.com
Who are the executives of Boaz And Ruth Inc and what are their salaries?
The average compensation at Boaz And Ruth Inc during 2022 was $19,888. There are 11 employees at Boaz And Ruth Inc.
Here are 13 key members and their salaries (Boaz And Ruth Inc's CEO's salary is $68,315 and their total compensation is $68,315):
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Official website here: www.boazandruth.com
Where can I find the form 990 for Boaz And Ruth Inc?
Boaz And Ruth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boazandruth.com
Learn more at the official website: www.boazandruth.com
Mission Statement of Boaz And Ruth Inc
Boaz And Ruth Inc, a nonprofit organization, is committed to fulfilling a mission that revolves around empowering unemployed individuals. Their objective is to transform these individuals into productive members of society. To achieve this, Boaz And Ruth Inc provides a range of job training and educational opportunities. By offering these resources, the organization aims to equip the unemployed with the necessary skills to reintegrate themselves into the workforce and contribute positively to their communities.
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Impact
July, 2024
Boaz And Ruth Inc's impact extends far beyond the surface level of providing job training and education opportunities. Through their work in Richmond, VA, they are playing a crucial role in rebuilding lives and communities through economic revitalization. By enabling unemployed individuals to become productive members of society, Boaz And Ruth Inc is not only addressing the immediate need for job training but also creating a ripple effect that positively impacts the overall well-being of individuals and the community as a whole. This comprehensive approach to empowerment and relationship-building sets them apart and makes their impact significant in the fight against unemployment and poverty.
This information is meant to be a general summary of Boaz And Ruth 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: $103
- Program Service Revenue: $199,604
- Gross Receipts: $511,073
Assets and Liabilities:
- Total Assets: $1,775,534
- Total Liabilities: $234,313
- Net Assets: $1,541,221
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING
Revenue
$180,724
ESTATE FURN THRIFT
Revenue
$18,880
Organization Details
Principal Officer
Megan Rollins
Main Address
3030 MEADOWBRIDGE ROAD, RICHMOND, VA, 23222
Website
www.boazandruth.comNTEE Category
Code: J30 - Employment
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