Overview
What is Social Enterprise Trust Inc?
Social Enterprise Trust Inc is a dedicated nonprofit organization that aims to foster growth in the social enterprise sector. It fulfills its mission by educating the community through events like the Beyond Business As Usual conference and community outreach programs, as well as speaking engagements. Beyond this, the trust runs an Impact Accelerator Program, which lasts for four months. This program offers entrepreneurs an opportunity to learn from experts and engage in peer groups, all while gaining access to valuable resources such as classroom time and shared workspaces. These initiatives are designed to help these entrepreneurs strengthen their businesses and contribute positively to their communities.
Official website here: www.resetco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star rating)
Social Enterprise Trust Inc has received a two-star rating from Charity Navigator, indicating concerns regarding its overall accountability and financial practices. While the organization scored well in areas such as having a fully independent board and strong financial oversight, it lacks several critical policies, such as conflict of interest and whistleblower policies, which are essential for transparency and ethical governance.
The organization demonstrates a solid program expense ratio of 72.61%, showing that a significant portion of its expenditures is being directed towards its programs. However, its liabilities to assets ratio of 62.97% raises questions about its financial stability. The absence of key policies and the low score in the area of financial accountability could pose risks to its operations and trustworthiness.
In summary, while Social Enterprise Trust Inc has strengths, particularly in governance structure and program funding, its lack of essential policies and concerns regarding financial ratios suggest that potential donors and stakeholders should proceed with caution and seek further information before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Social Enterprise Trust Inc?
98% of 5 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
The Social Enterprise Trust Inc is praised for its welcoming environment and the vibrant community it fosters. Reviewers highlighted the positive atmosphere and the friendliness of the staff, making it an excellent place for connections and collaboration.
Overall, the sentiment is overwhelmingly positive, with individuals expressing satisfaction with the organization and its mission. Many appreciate the blend of professional engagement and personal interaction, indicating that the nonprofit truly resonates with its attendees and supporters.
This AI summary has been generated from reviews found on Facebook.
Is Social Enterprise Trust Inc legitimate?
Social Enterprise Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Enterprise Trust 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: $81,204
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,159
For more financial information, click here
Official website here: www.resetco.org
What is the mission statement of Social Enterprise Trust Inc?
The Social Enterprise Trust Inc's mission is centered around advancing the social enterprise sector. This is accomplished through various means, including educating the community about social enterprises. They achieve this through events like the Beyond Business As Usual conference and numerous speaking engagements. Additionally, the organization runs an Impact Accelerator Program, which provides entrepreneurs with expert guidance, peer learning groups, and access to resources such as classroom time and coworking spaces, aiming to help build their businesses within a four-month period.
Official website here: www.resetco.org
Who is the CEO of Social Enterprise Trust Inc?
Sarah Bodley is the Executive Di of Social Enterprise Trust Inc.
Official website here: www.resetco.org
What is the revenue of Social Enterprise Trust Inc?
Social Enterprise Trust Inc's revenue in 2022 was $620,393.
Official website here: www.resetco.org
Who are the executives of Social Enterprise Trust Inc and what are their salaries?
The average compensation at Social Enterprise Trust Inc during 2022 was $31,480. There are 7 employees and 41 volunteers at Social Enterprise Trust Inc.
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Official website here: www.resetco.org
Where can I find the form 990 for Social Enterprise Trust Inc?
Social Enterprise Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.resetco.org
Learn more at the official website: www.resetco.org
Mission Statement of Social Enterprise Trust Inc
Social Enterprise Trust, a prominent organization, is dedicated to propelling the social enterprise sector forward. Through its mission, the Trust aims to enlighten the community about the concept of social enterprise. It achieves this by hosting educational conferences and engaging in community outreach initiatives, such as the Beyond Business As Usual conference and numerous speaking engagements. The Trust also extends its reach through various programs, one of which is the Impact Accelerator Program. This four-month initiative offers entrepreneurs the opportunity to participate in expert-led, peer learning groups. Additionally, they provide access to valuable resources like classroom time and shared workspaces, enabling these entrepreneurs to develop and strengthen their businesses.
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Impact
July, 2024
Social Enterprise Trust Inc's impact is significant in advancing the social enterprise sector by providing resources, education, and support to entrepreneurs. Through initiatives like the Impact Accelerator Program and community outreach programs, the organization equips individuals with the tools and knowledge needed to build successful social enterprises. By fostering a supportive ecosystem and promoting innovation in the field, Social Enterprise Trust Inc is driving positive change and empowerment within the community.
This information is meant to be a general summary of Social Enterprise Trust 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: $17
- Program Service Revenue: $49,487
- Gross Receipts: $620,393
Assets and Liabilities:
- Total Assets: $415,279
- Total Liabilities: $261,521
- Net Assets: $153,758
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION/COURSE FEES
Revenue
$47,056
CO-WORKING FEES
Revenue
$2,431
Organization Details
Founding Year
2004
Phone
(860) 560-9120Principal Officer
Sarah Bodley
Main Address
1429 PARK STREET SUITE 114, HARTFORD, CT, 06106
Website
www.resetco.orgNTEE Category
Code: P20 - Human services
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