Overview
What is New Sector Alliance Inc?
New Sector Alliance Inc, situated in Belmont, Massachusetts, is a distinguished nonprofit organization dedicated to fostering societal improvement. Their primary focus lies in empowering mission-driven professionals through various fellowship programs, such as the Summer Fellowship, Residency in Social Enterprise Fellowship, and Designing Your Success Fellowship. These programs aim to equip individuals with the necessary mindsets and skills to make a significant impact, enabling them to deliver high-impact projects, improve organizational operations, and design innovative service models. Through these fellowship programs, New Sector Alliance plays a crucial role in nurturing outstanding professionals and college students, preparing them to serve their communities effectively. Additionally, the organization engages in consulting projects and operates an innovation incubator, providing a platform for cultivating new models of social change. New Sector Alliance's overarching mission is to contribute to a better future by strengthening organizations and developing capable leaders.
Official website here: www.newsector.org
Is New Sector Alliance Inc legitimate?
New Sector Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Sector Alliance 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: $127,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,238
For more financial information, click here
Official website here: www.newsector.org
What is the mission statement of New Sector Alliance Inc?
New Sector Alliance Inc's mission is centered around improving the future by enhancing organizations and nurturing leaders. They achieve this through various fellowship programs that attract motivated, mission-driven professionals. These programs, such as the Summer Fellowship and Residency in Social Enterprise Fellowship, allow fellows to undertake high-impact projects, improve organizational operations, and design innovative service models. By doing so, New Sector Alliance helps develop skilled professionals who can contribute positively to their communities. Additionally, the organization offers consulting projects and an innovation incubator to cultivate new models for social change.
Official website here: www.newsector.org
What is the revenue of New Sector Alliance Inc?
New Sector Alliance Inc's revenue in 2023 was $1,917,775.
Official website here: www.newsector.org
Who are the executives of New Sector Alliance Inc and what are their salaries?
The average compensation at New Sector Alliance Inc during 2023 was $75,719. There are 2 employees and 3 volunteers at New Sector Alliance Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $22,393
- Related: $0
- Other: $0
Official website here: www.newsector.org
Where can I find the form 990 for New Sector Alliance Inc?
New Sector Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newsector.org
Learn more at the official website: www.newsector.org
Mission Statement of New Sector Alliance Inc
New Sector Alliance Inc is dedicated to building a better future by strengthening organizations and developing leaders. To achieve this mission, they run fellowship programs that bring together highly-motivated, mission-driven professionals committed to making a difference. These programs, such as the Summer Fellowship, Residency in Social Enterprise Fellowship, and Designing Your Success Fellowship, enable participants to deliver high-impact projects, improve organizational operations, or design new service models. Through these initiatives, New Sector Alliance Inc trains outstanding professionals and college students to serve their community.
In addition to its fellowship programs, New Sector Alliance Inc also offers consulting projects and runs an innovation incubator. The consulting projects aim to cultivate new models for social change, while the innovation incubator helps nurture novel ideas and approaches. By participating in New Sector Alliance Inc's programs, individuals gain the necessary mindsets and skills to succeed in their mission-driven roles. In essence, New Sector Alliance Inc is committed to empowering individuals and organizations to drive positive change in their communities.
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Impact
October, 2024
New Sector Alliance Inc significantly impacts communities by empowering mission-driven professionals to effect meaningful change. Through its fellowship programs, individuals participate in intensive training designed to enhance their leadership capabilities while also delivering high-impact projects that benefit organizations. These programs, such as the Summer Fellowship and the Residency in Social Enterprise Fellowship, foster the development of essential mindsets and skills needed to tackle pressing social issues.
Participants not only gain valuable experience but also contribute to improving organizational operations and designing innovative service models that address community needs. The incorporation of consulting projects and an innovation incubator further strengthens this impact, cultivating new strategies for social change. By training and supporting motivated individuals, New Sector Alliance plays a crucial role in building a more effective nonprofit sector and ultimately contributing to a better future for various communities.
This information is meant to be a general summary of New Sector Alliance 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: $48
- Program Service Revenue: $6,750
- Gross Receipts: $1,917,775
Assets and Liabilities:
- Total Assets: $411,214
- Total Liabilities: $54,069
- Net Assets: $357,145
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLACEMENT FEES
Revenue
$6,750
Organization Details
Founding Year
2001
Principal Officer
Carlin Webster
Website
www.newsector.orgNTEE Category
Code: J99 - Employment
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