Overview
What is Mit Sloan Boston Alumni Association Inc?
Mit Sloan Boston Alumni Association Inc is a nonprofit organization situated in Boston, Massachusetts. Established with a mission to foster a thriving MIT Sloan Alumni network in New England, they offer various community and educational programs, events, and activities. By providing these resources, they aim to strengthen the bond among their alumni members. The association, with a small workforce of just two individuals, functions from a location on Charles Street in Boston.
Official website here: www.mitsloanboston.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating. This rating reflects concerns primarily in the area of accountability and finance, which is the sole factor contributing to their overall score. The independent board structure appears robust, with 100% of board members being independent, which is a positive sign for governance.
Strengths of the Mit Sloan Boston Alumni Association include a strong program expense ratio, indicating that a significant portion of their funds goes directly toward their programs. Additionally, they maintain a low liabilities to assets ratio, which suggests sound financial health. However, the absence of key governance policies such as a conflict of interest policy and a whistleblower policy raised red flags in their accountability practices.
While the association demonstrates a commitment to financial transparency with their website listed on their tax form and documented board meeting minutes, the missing policies indicate areas for improvement in their governance framework. Addressing these gaps could enhance their accountability and potentially improve future ratings.
This AI summary has been generated from information found on Charity Navigator.
Is Mit Sloan Boston Alumni Association Inc legitimate?
Mit Sloan Boston Alumni Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mit Sloan Boston Alumni Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $228,963
For more financial information, click here
Official website here: www.mitsloanboston.com
What is the mission statement of Mit Sloan Boston Alumni Association Inc?
The MIT Sloan Boston Alumni Association's mission is centered around establishing a robust and dynamic community for MIT Sloan alumni residing in New England. They achieve this through organizing various community programs, educational events, and activities. The primary goal is to foster a strong and enduring bond among MIT Sloan alumni in the region.
Official website here: www.mitsloanboston.com
What is the revenue of Mit Sloan Boston Alumni Association Inc?
Mit Sloan Boston Alumni Association Inc's revenue in 2024 was $739,138.
Official website here: www.mitsloanboston.com
Who are the executives of Mit Sloan Boston Alumni Association Inc and what are their salaries?
The average compensation at Mit Sloan Boston Alumni Association Inc during 2024 was $76,321. There are 3 employees at Mit Sloan Boston Alumni Association Inc.
Here are 12 key members and their salaries:
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Official website here: www.mitsloanboston.com
Where can I find the form 990 for Mit Sloan Boston Alumni Association Inc?
Mit Sloan Boston Alumni Association Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mitsloanboston.com
Learn more at the official website: www.mitsloanboston.com
Mission Statement of Mit Sloan Boston Alumni Association Inc
The Mit Sloan Boston Alumni Association Inc strives to establish a broad and dynamic community of MIT Sloan alumni throughout New England. Their primary objective is to foster this network, offering a variety of community-oriented programs, events, and activities. This association serves as a platform for MIT Sloan alumni to connect, engage, and continue their educational journey beyond their time at the institution.
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Impact
July, 2024
The MIT Sloan Boston Alumni Association Inc has a significant impact on fostering a strong and connected network of MIT Sloan alumni throughout New England. Through their community and continuing education programs, events, and activities, they facilitate meaningful connections and provide valuable learning opportunities for alumni. This helps alumni stay connected to the MIT Sloan community, advance their careers, and contribute to the broader business and education landscape in the region.
This information is meant to be a general summary of Mit Sloan Boston Alumni Association 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: $10,935
- Program Service Revenue: $211,278
- Gross Receipts: $739,138
Assets and Liabilities:
- Total Assets: $774,958
- Total Liabilities: $144,797
- Net Assets: $630,161
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program fees
Revenue
$211,278
Organization Details
Founding Year
1986
Principal Officer
Sahil Joshi
Website
www.mitsloanboston.comNTEE Category
Code: B84 - Education
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