Overview
What is The Partnership Inc?
The Partnership Inc, based in Boston, Massachusetts, is a nonprofit organization dedicated to fostering the professional growth of individuals of color. Through their comprehensive leadership development programs, they equip professionals at various career stages, including early, mid-career, executive, and C-suite executives. These programs, led by renowned academics and business thought leaders, are designed to enhance skills in areas such as race, ethnicity, culture, negotiations, and innovation. The organization boasts a substantial impact with over 600 participants from 95 companies funded by their employers, sponsorships, grants, or class gift funds. The Partnership Inc's mission is to bolster the economic competitiveness of the New England region and beyond by attracting, developing, retaining, and convening professionals of color, thereby empowering them to achieve their full potential. They also collaborate with companies to establish environments that foster success for diverse individuals.
Official website here: www.thepartnershipinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Partnership Inc has achieved a rating of 88%, reflecting a solid performance in the realm of accountability and finance. The organization has demonstrated a strong commitment to maintaining an independent board, with all members being independent, which contributes positively to its governance structure. The financial oversight mechanisms in place, including an audit and oversight committee, further enhance the organization’s reliability.
The financial metrics indicate that The Partnership Inc effectively manages its resources, with a low liabilities-to-assets ratio, showcasing fiscal responsibility. However, while the program expense ratio is fairly good at 63.35%, there is room for improvement, suggesting that a larger proportion of expenses could be directed towards programmatic activities rather than administrative costs.
Overall, the organization adheres to several best practices in terms of conflict of interest, whistleblower policies, and document retention, which bolsters its transparency and accountability. Despite its strengths, stakeholders may want to monitor how the organization allocates its funding to ensure that it continues to prioritize impactful programs moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is The Partnership Inc legitimate?
The Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Partnership 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: $571,748
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,361,571
For more financial information, click here
Official website here: www.thepartnershipinc.org
What is the mission statement of The Partnership Inc?
The mission of The Partnership Inc is centered around promoting economic competitiveness, not just in the New England region, but beyond. The organization achieves this by attractive, developing, retaining, and convening professionals of color, enabling them to reach their full potential. In addition to individual growth, The Partnership Inc works with companies to foster environments where diverse individuals can thrive, contributing to a more inclusive and productive workforce.
Official website here: www.thepartnershipinc.org
What is the revenue of The Partnership Inc?
The Partnership Inc's revenue in 2023 was $3,643,713.
Official website here: www.thepartnershipinc.org
Who are the executives of The Partnership Inc and what are their salaries?
The average compensation at The Partnership Inc during 2023 was $101,754. There are 19 employees at The Partnership Inc.
Here are 20 key members and their salaries:
- Compensation: $289,200
- Related: $0
- Other: $14,565
- Compensation: $231,420
- Related: $0
- Other: $36,563
- Compensation: $144,300
- Related: $0
- Other: $18,595
- Compensation: $139,900
- Related: $0
- Other: $11,150
- Compensation: $145,833
- Related: $0
- Other: $2,489
- Compensation: $101,000
- Related: $0
- Other: $40,465
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thepartnershipinc.org
Where can I find the form 990 for The Partnership Inc?
The Partnership Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thepartnershipinc.org
Learn more at the official website: www.thepartnershipinc.org
Mission Statement of The Partnership Inc
The Partnership Inc, a nonprofit organization, is committed to ensuring the economic competitiveness of regions beyond New England. Their mission is twofold: firstly, they strive to attract, develop, and retain executives and professionals of color, helping them reach their full potential. This is achieved by providing them with the necessary resources and opportunities. Secondly, The Partnership Inc works with companies to create an environment where diverse individuals can thrive. By doing so, they contribute to the overall economic competitiveness of the regions they serve.
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Impact
July, 2024
The Partnership Inc's impact is centered around ensuring the economic competitiveness of the New England region and beyond by attracting, developing, retaining, and convening executives and professionals of color to ensure they reach their full potential. Through their leadership development programs, which include Associates, Fellows, Biodiversity Fellows, and Next Generation Executive programs, they have successfully developed professionals of color at every stage of their career. These programs, led by accomplished faculty in areas such as race, ethnicity, culture, negotiations, and innovation, have seen participation from a wide range of companies, with each program participant being fully funded by their employer, sponsorship, grant, or class gift funds. This commitment to developing diverse talent and fostering inclusive climates in organizations contributes to the overall success and growth of the region's economy.
This information is meant to be a general summary of The Partnership 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 2023.
- Investment Income: $112,093
- Program Service Revenue: $3,507,345
- Gross Receipts: $3,690,713
Assets and Liabilities:
- Total Assets: $6,465,634
- Total Liabilities: $232,005
- Net Assets: $6,233,629
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$3,120,845
MEMBERSHIP FEES
Revenue
$386,500
Organization Details
Founding Year
1985
Principal Officer
Pratt Norton Wiley
Website
www.thepartnershipinc.orgNTEE Category
Code: A99 - Arts
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