Overview
What is Echoing Green Inc?
Echoing Green Inc is a New York-based nonprofit organization that identifies and invests in a diverse group of social impact entrepreneurs, committing millions of dollars in seed funding to support their innovative projects. With a significant focus on communities of color and racial equity, Echoing Green has built a network of over 900 social entrepreneurs worldwide. The organization's mission is to assist emerging leaders in creating transformative social change globally. By providing follow-on funding grants and leadership development programs, Echoing Green invests deeply in the success of its fellows, accelerating their impact on various social issues, including economic development, racial and gender equity, and environmental sustainability. The organization has been at the forefront of supporting visionaries for the past 30 years, having launched renowned initiatives such as Teach For America, City Year, Once Acre Fund, and SKS Microfinance. Currently, Echoing Green employs around 41 individuals.
Official website here: www.echoinggreen.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)
Echoing Green Inc has achieved a perfect score of 100% on Charity Navigator, reflecting its strong commitment to accountability and finance. This rating is derived solely from its high performance in financial management, which indicates robust governance practices and the effective use of resources.
The organization boasts a fully independent board, with 95% of its members being independent, contributing to strong oversight. Other strengths include an excellent financial health ratio, with a program expense ratio of nearly 78%, showcasing a significant portion of expenditures directly supporting its mission. Furthermore, the nonprofit's operational practices, such as having clear conflict of interest and whistleblower policies, are well-documented and transparent.
While the data reflects a strong financial foundation and governance model, no specific programmatic achievements or user feedback are highlighted in the rating. This lack of additional qualitative data means that while the organization is financially sound, the impact of its programs on the community remains less documented.
This AI summary has been generated from information found on Charity Navigator.
Is Echoing Green Inc legitimate?
Echoing Green Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Echoing Green 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: $636,509
Professional Fundraising Fees: $838,950
Other Salaries and Wages: $3,139,839
For more financial information, click here
Official website here: www.echoinggreen.org
What is the mission statement of Echoing Green Inc?
Echoing Green Inc identifies and invests in emerging social entrepreneurs with the potential to create innovative social change worldwide. The organization's mission is to accelerate their impact by providing seed-funding and leadership development. Echoing Green has supported transformational leaders for the past 30 years, helping them address various societal issues, including economic development, racial and gender equity, and environmental sustainability. Their community of over 850 innovators includes the founders of Teach for America, City Year, Once Acre Fund, and SKS Microfinance. Echoing Green welcomes a new class of fellows into its lifelong community of leaders annually.
Official website here: www.echoinggreen.org
Who is the CEO of Echoing Green Inc?
Cheryl Dorsey is the President of Echoing Green Inc.
Official website here: www.echoinggreen.org
What is the revenue of Echoing Green Inc?
Echoing Green Inc's revenue in 2022 was $19,754,073.
Official website here: www.echoinggreen.org
Who are the executives of Echoing Green Inc and what are their salaries?
The average compensation at Echoing Green Inc during 2022 was $92,106. There are 41 employees and 990 volunteers at Echoing Green Inc.
Here are 29 key members and their salaries:
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- Other: $4,613
Official website here: www.echoinggreen.org
Where can I find the form 990 for Echoing Green Inc?
Echoing Green Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.echoinggreen.org
Learn more at the official website: www.echoinggreen.org
Mission Statement of Echoing Green Inc
Echoing Green Inc, a pioneering organization, is dedicated to identifying and supporting emerging social entrepreneurs with the potential to create innovative social change on a global scale. By investing deeply in these transformational leaders, Echoing Green accelerates their impact on communities, addressing a range of critical issues including economic development, racial and gender equity, and environmental sustainability, among others.
With a commitment to staying ahead of the curve for over three decades, Echoing Green has nurtured visionaries around the world, fostering the growth of groundbreaking initiatives such as Teach For America, City Year, Once Acre Fund, and SkS Microfinance, to name a few. This unparalleled community of talent now boasts over 850 innovative leaders. Echoing Green's comprehensive approach to leadership development includes seed-funding and ongoing support, allowing its fellows to thrive and make a lasting impact on the world. By welcoming new classes of fellows each year and providing them with a lifelong connection to this esteemed network, Echoing Green continues to cultivate a vibrant community of socially conscious leaders.
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Impact
October, 2024
Echoing Green Inc generates significant impact by empowering emerging social entrepreneurs to drive innovative social change around the globe. Through its renowned fellowship program, Echoing Green identifies and supports a diverse cohort of leaders who are tackling pressing societal challenges, particularly in communities of color and areas experiencing racial inequity.
The organization invests millions in seed funding to help these entrepreneurs launch their initiatives, creating a robust network of over 900 exceptional social innovators. This unique community not only fosters collaboration but also enhances the effectiveness of social impact ventures, enabling entrepreneurs to amplify their contributions in fields such as economic development, racial and gender equity, and environmental sustainability.
Additionally, Echoing Green provides follow-on funding grants totaling nearly $1.5 million, further solidifying its commitment to supporting alumni in their missions. By cultivating transformational leaders and facilitating their growth, Echoing Green accelerates their impact on communities worldwide, ensuring that they have the resources and support needed to succeed in their endeavors. This holistic approach positions Echoing Green as a pivotal force in advancing social innovation and equity across various sectors.
This information is meant to be a general summary of Echoing Green 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 2022.
- Investment Income: $83,220
- Program Service Revenue: $78,710
- Gross Receipts: $19,754,073
Assets and Liabilities:
- Total Assets: $60,744,468
- Total Liabilities: $3,027,081
- Net Assets: $57,717,387
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$78,710
Organization Details
Founding Year
1987
Phone
(212) 689-1165Principal Officer
Cheryl Dorsey
Main Address
462 7TH AVENUE 13TH FLOOR, NEW YORK, NY, 10018
Website
www.echoinggreen.orgNTEE Category
Code: B82Z - Education
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