Haymarket People's Fund Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042586725 ✦ Jamaica plain, MA ✦ Designated as a 501(c)(3)

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Overview

What is Haymarket People's Fund Inc?

Haymarket People's Fund Inc is an anti-racist and multicultural foundation located in Jamaica Plain, Massachusetts. With a team of five dedicated individuals, the organization is committed to fostering social justice in the New England region. They achieve this by grantmaking, fundraising, and capacity building, supporting grassroots organizations that tackle the underlying causes of injustice. In the past year, Haymarket's grants have provided essential resources to 52 sustaining and 17 urgent response grassroots community organizations across this region. The fund is also actively working to promote sustainable community philanthropy throughout New England.


Official website here: www.haymarket.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.

Haymarket People's Fund Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity scored exceptionally well in all measured areas, with a perfect score in several key metrics, illustrating strong governance and financial management.

Strengths of the organization include a fully independent board, robust financial controls, and effective oversight practices. The charity demonstrates a strong commitment to transparency with well-documented policies, including conflict of interest and whistleblower protections, which contribute to its accountability. Moreover, a significant portion of its expenses are directed towards programs, optimizing its financial efficiency.

Despite the positive ratings, it is essential to consider that the evaluation is primarily based on financial metrics, and there may be additional qualitative aspects of the organization that are not reflected in these scores. Nonetheless, the data suggests that Haymarket People's Fund Inc is well-managed and committed to its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Haymarket People's Fund Inc legitimate?

Haymarket People's Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Haymarket People's Fund 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: $127,388
Professional Fundraising Fees: $0
Other Salaries and Wages: $240,720

For more financial information, click here


Official website here: www.haymarket.org

What is the mission statement of Haymarket People's Fund Inc?

Haymarket People's Fund Inc is an anti-racist and multicultural organization committed to strengthening the movement for social justice in New England. They achieve this by providing grants, fundraising, and capacity building to grassroots organizations that address the root causes of injustice. The fund also works to increase sustainable community philanthropy throughout the region. In essence, Haymarket People's Fund Inc supports and fosters grassroots movements dedicated to addressing social inequalities.


Official website here: www.haymarket.org

Who is the CEO of Haymarket People's Fund Inc?

Karla Nicholson is the Executive Di of Haymarket People's Fund Inc.


Official website here: www.haymarket.org

What is the revenue of Haymarket People's Fund Inc?

Haymarket People's Fund Inc's revenue in 2022 was $2,838,925.


Official website here: www.haymarket.org

Who are the executives of Haymarket People's Fund Inc and what are their salaries?

The average compensation at Haymarket People's Fund Inc during 2022 was $73,622. There are 5 employees and 27 volunteers at Haymarket People's Fund Inc.


Here are 7 key members and their salaries:


Karla Nicholson (Executive Di)
  • Compensation: $119,953
  • Related: $0
  • Other: $12,799
Fatou Drammeh (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trina Jackson (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Lett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chanravy Proeung (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cedric Shaw (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claire Wheeler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.haymarket.org

Where can I find the form 990 for Haymarket People's Fund Inc?

Haymarket People's Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.haymarket.org

Learn more at the official website: www.haymarket.org

Mission Statement of Haymarket People's Fund Inc

Haymarket People's Fund is an anti-racist and multicultural foundation dedicated to reinforcing the social justice movement in New England. This organization achieves its mission through a combination of grantmaking, fundraising, and capacity building. By supporting grassroots organizations that tackle the root causes of injustice, Haymarket People's Fund aims to contribute to a more equitable society. Additionally, the foundation works to foster sustainable community philanthropy throughout the region, further strengthening the movement for social justice.

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Impact




July, 2024

Haymarket People's Fund Inc's impact is significant in strengthening the movement for social justice in New England. Through grantmaking, fundraising, and capacity building, this organization supports grassroots organizations that address the root causes of injustice. They organize to increase sustainable community philanthropy throughout the region, providing essential resources to numerous grassroots community organizations. Their commitment to anti-racism and multiculturalism aligns with their mission to support civil rights and social justice causes in their community and beyond.




This information is meant to be a general summary of Haymarket People's Fund 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.

Revenue
$2,838,925 (2022)
Expenses
$1,749,662 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $616,693
  • Program Service Revenue: $77,352
  • Gross Receipts: $4,089,666

Assets and Liabilities:

  • Total Assets: $12,065,236
  • Total Liabilities: $244,267
  • Net Assets: $11,820,969

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL TO COMM ORGANIZATIONS

Revenue

$77,352

Organization Details

Founding Year

1975

Principal Officer

Karla Nicholson

Main Address

42 SEAVERNS AVENUE, JAMAICA PLAIN, MA, 02130

NTEE Category

Code: R20 - Civil rights

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