Overview
What is Shipping Venture Corporation?
Shipping Venture Corporation serves as a financial investor, funneling resources towards President and Fellows of Harvard College, a related 501(C)(3) organization. Based in Boston, Massachusetts, the corporation operates from 600 Atlantic Avenue C/O HMC Inc. The primary mission of Shipping Venture Corporation is to support and contribute financially to the objectives of Harvard College, contributing to its noble causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%
Shipping Venture Corporation has received a Two-Star out of Four Star rating, indicating an overall score of 74%. This score reflects the organization’s accountability and financial health. Notably, they have achieved a perfect program expense ratio of 100%, signifying that all their expenses are allocated directly to their programs, which is a strong point for potential donors.
However, there are several areas for concern regarding governance and transparency. The organization has no independent board members, scoring 0% in this category, which raises questions about oversight and impartiality. Additionally, the nonprofit's website is missing from its tax form, which detracts from transparency, and the tax form is not available on their website, impacting accessibility for potential supporters.
On a positive note, Shipping Venture Corporation has established important policies, including those for conflict of interest, whistleblower protection, and document retention, all of which scored full marks. Nevertheless, the lack of independent oversight and website transparency remains significant limitations that may affect trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Shipping Venture Corporation legitimate?
Shipping Venture Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shipping Venture Corporation 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: $0
For more financial information, click here
What is the mission statement of Shipping Venture Corporation?
Shipping Venture Corporation's primary mission is to manage funds for the benefit of President and Fellows of Harvard College, a related 501(c)(3) supported organization. This investment strategy is aimed at contributing to the wellbeing of this organization. In essence, Shipping Venture Corporation serves as a financial backer, utilizing its resources to support the goals and objectives of President and Fellows of Harvard College. The corporation's activities are centered around managing funds for this specific purpose.
Who is the CEO of Shipping Venture Corporation?
Unavailable
What is the revenue of Shipping Venture Corporation?
Shipping Venture Corporation's revenue in 2022 was $0.
Who are the executives of Shipping Venture Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $2,452,214
- Other: $44,560
- Compensation: $0
- Related: $8,749,717
- Other: $1,728,098
- Compensation: $0
- Related: $5,521,785
- Other: $63,765
Where can I find the form 990 for Shipping Venture Corporation?
Shipping Venture Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shipping Venture Corporation
Shipping Venture Corporation is a mission-driven organization that dedicates its resources to supporting President and Fellows of Harvard College, a related 501(c)(3). The corporation's primary activity revolves around investing funds for the benefit of this supported organization. By doing so, Shipping Venture Corporation contributes to the larger mission and goals of Harvard College, ultimately aiming to make a positive impact in various fields and sectors. The corporation's investments serve as a means to support the academic and research endeavors of the Harvard College community, thereby contributing to the advancement of knowledge and education.
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Impact
October, 2024
Shipping Venture Corporation plays a significant role in fostering the advancement of education and research by strategically investing funds that directly benefit the President and Fellows of Harvard College. This financial support aids in sustaining academic excellence and innovation at one of the world's leading educational institutions. By providing essential funding, the corporation enhances resources available for research initiatives, scholarships, and various programs that enrich the educational landscape.
Located in Boston, Massachusetts, Shipping Venture Corporation's commitment to this mission exemplifies its impact on philanthropy, as it facilitates opportunities for students and faculty to excel, ultimately contributing to societal progress and development. The funds invested enable Harvard College to maintain its status as a premier institution, supporting a wide array of activities that shape future leaders and advance knowledge across diverse fields.
This information is meant to be a general summary of Shipping Venture Corporation. 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1995
Phone
(617) 720-6682Main Address
600 ATLANTIC AVE C/O HMC Inc, Boston, MA, 022102203
NTEE Category
Code: T60Z - Philanthropy
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