Overview
What is Alchemy Inc?
Alchemy Inc, based in Copley, Ohio, is a nonprofit organization with a single employee. Their primary mission is to aid urban adolescents in developing a sense of purpose in life and thrive as valued members of their family, school, and community. They accomplish this through the APS in School Male Program, a mentoring group that meets during the school day. This program, led by trained facilitators, engages students in discussions about ancient mythological tales, using a djembe drum and a safe circle to cultivate a sense of community. The sessions also foster critical thinking, ethical exploration, and writing skills through required journaling. The ultimate goal is to help students envision and achieve clear goals for their academic and personal journeys.
Official website here: www.alchemyinc.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67% - Two-Star out of Four Stars)
Alchemy Inc has received a rating of "Needs Improvement" from Charity Navigator, reflecting a score of 67%. This indicates that while the organization has some strengths, there are also significant areas that require attention. Notably, the organization maintains a fully independent board with 100% independent members, which contributes positively to its governance.
However, Alchemy Inc has several critical shortcomings in its accountability and transparency practices. The lack of essential policies, such as a conflict of interest and whistleblower policy, raises concerns about its operational integrity. Furthermore, the absence of financial statements posted online and meeting minutes compromises the organization's transparency efforts.
On a positive note, Alchemy Inc shows a solid program expense ratio of 71.56%, indicating that a significant portion of its expenses is directed toward its programs rather than administrative costs. This suggests a commitment to its mission, though the overall lack of financial documentation and transparency measures detracts from its overall score.
This AI summary has been generated from information found on Charity Navigator.
Is Alchemy Inc legitimate?
Alchemy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alchemy 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: $222,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.alchemyinc.net
What is the mission statement of Alchemy Inc?
Alchemy Inc's mission is to aid urban adolescents in developing a sense of purpose in life and to thrive as contributing members of their family, school, and community. They accomplish this by offering a mentoring program, such as the APS in School Male Program, which meets during the school day throughout the academic year. This program, led by trained facilitators, employs ancient mythological tales, discussions, and journaling to cultivate a sense of community and help participants navigate life's challenges. The program also focuses on improving writing skills and helping participants set clear goals for their academic and personal journeys.
Official website here: www.alchemyinc.net
Who is the CEO of Alchemy Inc?
Kwame Scruggs is the Executive Director of Alchemy Inc.
Official website here: www.alchemyinc.net
What is the revenue of Alchemy Inc?
Alchemy Inc's revenue in 2023 was $612,713.
Official website here: www.alchemyinc.net
Who are the executives of Alchemy Inc and what are their salaries?
The average compensation at Alchemy Inc during 2023 was $222,000. There is 1 employee at Alchemy Inc.
Here are 7 key members and their salaries:
- Compensation: $180,591
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Official website here: www.alchemyinc.net
Where can I find the form 990 for Alchemy Inc?
Alchemy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alchemyinc.net
Learn more at the official website: www.alchemyinc.net
Mission Statement of Alchemy Inc
Alchemy Inc, a nonprofit organization, is committed to assisting urban adolescents in developing a sense of purpose in life and thriving as integrated members of their family, school, and community. Their mission is to provide a conducive environment where adolescents can navigate life's challenges, exploring ethics, human nature, critical decision-making, and other essential aspects. This is achieved through the APS in School Male Program, which invites participants to engage with ancient mythological tales, discussed in a circle, and set to the rhythm of a djembe drum.
This innovative approach, led by trained facilitators, serves as a platform for urban adolescents to cultivate a sense of community. The program encourages self-reflection and goal-setting, helping participants envision and work towards both their academic and personal aspirations. Writing skills are also strengthened through mandatory journaling during each session. The guidance provided by experienced facilitators, in a safe and supportive environment, empowers these adolescents to confidently navigate the complexities of their lives.
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Impact
July, 2024
Alchemy Inc's impact can be seen in the positive development and empowerment of urban adolescents in Akron Public Schools. Through their mentoring program, APS In School Male Program, Alchemy Inc provides a unique opportunity for students to engage with ancient mythological tales, fostering a sense of community and teaching important life skills. By helping participants navigate life's challenges, develop clear goals, and enhance their writing skills, Alchemy Inc is making a significant impact in shaping the academic and personal journeys of these young individuals. Their focus on ethics, critical decision making, and overall personal growth demonstrates a commitment to supporting the holistic development of the youth in their community.
This information is meant to be a general summary of Alchemy 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.
- Gross Receipts: $612,713
Assets and Liabilities:
- Total Assets: $60,239
- Total Liabilities: $2,100
- Net Assets: $58,139
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Organization Details
Founding Year
2003
Phone
(330) 665-5920Principal Officer
Kwame Scruggs
Main Address
PO BOX 4041, COPLEY, OH, 44321
Website
www.alchemyinc.netNTEE Category
Code: P30 - Human services
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