Overview
What is Third Sector New England Inc?
Third Sector New England Inc is a Boston-based nonprofit organization with a workforce of 580 employees. Their mission involves strengthening and supporting nonprofit organizations dedicated to building a more equitable society. Through capacity building services, organizational development, consulting, training, property management, and other assistance, TSNE Missionworks aims to ensure the sustainability and growth of these mission-driven groups. TSNE's fiscal sponsorship program offers management support, handling various administrative services including finance, governance, human resources, insurance, and compliance issues. By providing these essential services, TSNE broadens access to resources and opportunities for organizations working on social issues, such as civil rights, environmental sustainability, food security, and healthcare, housing, and education access.
Official website here: www.tsne.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Third Sector New England Inc has received an impressive Four-Star rating from Charity Navigator, highlighting its strong accountability and financial management. With a perfect score for an independent board and no material diversion of assets, the organization demonstrates a commitment to transparency and ethical governance. While the organization excels in many areas, it notably lacks an audit posted on its website and a donor privacy policy, which could affect the perception of its transparency.
The organization shows outstanding performance in program expenses and fundraising efficiency, maintaining a high program expense ratio of 85.61%. Additionally, its liabilities to assets ratio is low at 13.65%, indicating good financial health. The organization has also been recognized for its effective feedback collection and usage, which is crucial for continuous improvement and community engagement.
Leadership and adaptability have also been rated highly, reflecting the organization's ability to effectively respond to challenges and adapt strategies as needed. Overall, while Third Sector New England Inc exhibits solid strengths in governance and financial practices, addressing the missing elements related to transparency could enhance stakeholder trust and confidence further.
This AI summary has been generated from information found on Charity Navigator.
Is Third Sector New England Inc legitimate?
Third Sector New England Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Third Sector New England 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: $592,116
Professional Fundraising Fees: $349,128
Other Salaries and Wages: $34,096,587
For more financial information, click here
Official website here: www.tsne.org
What is the mission statement of Third Sector New England Inc?
Third Sector New England Inc is dedicated to strengthening organizations working towards a just and equitable society. Through capacity building services and management support programs, Third Sector New England helps individuals and groups enhance their leadership and effectiveness, fostering a more democratic and fair community. The fiscal sponsorship program of Third Sector New England offers management support to mission-driven groups, handling administrative tasks such as finance, governance, human resources, and compliance issues. By providing these services, Third Sector New England aims to widen access to resources and opportunities for people facing systemic barriers. Project-based work tackles issues related to basic human rights, environmental sustainability, food security, and access to healthcare, housing, and education.
Official website here: www.tsne.org
Who is the CEO of Third Sector New England Inc?
Elaine L Ng is the CEO of Third Sector New England Inc The CEO's salary of Third Sector New England Inc is $319,164 and their total compensation is $351,547.
Official website here: www.tsne.org
What is the revenue of Third Sector New England Inc?
Third Sector New England Inc's revenue in 2024 was $68,007,933.
Official website here: www.tsne.org
Who are the executives of Third Sector New England Inc and what are their salaries?
The average compensation at Third Sector New England Inc during 2024 was $60,119. There are 577 employees and 75 volunteers at Third Sector New England Inc.
Here are 17 key members and their salaries (Third Sector New England Inc's CEO's salary is $319,164 and their total compensation is $351,547):
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- Compensation: $319,164
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- Other: $32,383
- Compensation: $272,952
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- Compensation: $199,295
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- Compensation: $220,105
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- Other: $18,063
- Compensation: $196,827
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- Other: $17,606
Official website here: www.tsne.org
Where can I find the form 990 for Third Sector New England Inc?
Third Sector New England Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tsne.org
Learn more at the official website: www.tsne.org
Mission Statement of Third Sector New England Inc
Third Sector New England, a renowned organization, is dedicated to strengthening groups working towards a fair and equitable society. Through an extensive range of capacity building services and management support programs, Third Sector New England empowers individuals and organizations to drive positive change.
The mission of Third Sector New England is to fortify organizations striving for a just and equitable society. By providing an assortment of administrative services, this organization allows mission-driven groups, focusing on issues addressing the root causes of social problems, to thrive. These services include managing finances, overseeing governance, addressing human resources needs, and dealing with the increasingly complex compliance issues faced when running a standalone nonprofit.
Third Sector New England's Fiscal Sponsorship Program is a significant aspect of its work, offering management support to various individual projects. Its services ensure that these projects have access to resources and capabilities that might otherwise be out of reach. Projects under Third Sector New England's umbrella tackle a range of issues, from civil and basic human rights to environmental sustainability, food security, access to healthcare, housing, and education. By extending its reach to these projects, Third Sector New England widens the availability of resources and services for those who have been systematically denied fair access.
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Impact
October, 2024
Third Sector New England Inc. plays a vital role in enhancing the capacity and effectiveness of organizations dedicated to creating a more equitable society. By providing essential services such as organizational development, consulting, training, and property management, TSNE empowers mission-driven groups to address complex social issues.
Through its capacity-building initiatives, TSNE strengthens the leadership and operational capacity of individuals and organizations, fostering a more just and democratic society. The fiscal sponsorship program is particularly impactful, as it offers comprehensive management support for projects focusing on the root causes of social problems. This includes handling finances, governance, human resources, and compliance issues, allowing organizations to focus on their missions.
The diverse range of projects supported by TSNE tackles critical issues such as civil rights, environmental sustainability, food security, health care access, housing, and education. By facilitating wider access to resources and services, TSNE helps marginalized communities overcome systematic barriers, contributing significantly to social equity and justice in the region.
This information is meant to be a general summary of Third Sector New England 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 2024.
- Investment Income: $3,280,274
- Program Service Revenue: $23,165,219
- Gross Receipts: $80,856,725
Assets and Liabilities:
- Total Assets: $144,887,260
- Total Liabilities: $20,256,827
- Net Assets: $124,630,433
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$17,718,207
RENTAL INCOME
Revenue
$3,508,104
CONFERENCE REVENUE
Revenue
$1,938,908
Organization Details
Founding Year
1959
Principal Officer
Elaine L Ng
Website
www.tsne.orgNTEE Category
Code: H030 - Medical research
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