Overview
What is Solidago Foundation?
The Solidago Foundation is a charitable organization situated in Northampton, Massachusetts. With a team of nine dedicated individuals, its primary mission is to advance justice, equity, sustainability, and enfranchisement for all. They achieve this by granting funds to community-based organizations that work towards alleviating poverty and disenfranchisement, fostering sustainable job opportunities, and safeguarding the environment. The foundation's approach involves collaborating with progressive, empowering organizations to bring about positive change in underserved communities.
Official website here: www.solidago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Solidago Foundation has earned a Three-Star rating from Charity Navigator, reflecting strong performance in accountability and finance with a notable score of 83%. This rating is based solely on the Accountability & Finance beacon, indicating that the organization adheres to high standards in financial management and transparency. The majority of the board members are independent, which enhances governance and oversight, contributing positively to their overall evaluation.
Strengths include a commendable program expense ratio of 87.53%, demonstrating that a significant portion of their funds directly supports their mission. Additionally, Solidago maintains a high fundraising efficiency ratio, indicating effective use of resources to raise funds. The organization has received full marks in several key areas, such as financial statements oversight and absence of material diversion of assets, underscoring its solid financial practices.
However, one limitation noted in the evaluation is the absence of a whistleblower policy, which could be improved to strengthen organizational integrity further. Despite this, the Solidago Foundation’s financial health appears robust, with a favorable liabilities to assets ratio. Overall, the organization demonstrates a commitment to ethical operations and effective mission support.
This AI summary has been generated from information found on Charity Navigator.
Is Solidago Foundation legitimate?
Solidago Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Solidago Foundation 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: $53,665
Professional Fundraising Fees: $0
Other Salaries and Wages: $445,056
For more financial information, click here
Official website here: www.solidago.org
What is the mission statement of Solidago Foundation?
The Solidago Foundation's mission is centered around promoting justice, equity, sustainability, and empowerment for all. They achieve this by providing charitable grants and collaborating with progressive, empowering community-based organizations. The foundation's primary focus is on alleviating poverty and disenfranchisement in poor communities by funding organizations that offer sustainable job opportunities and work towards environmental protection.
Official website here: www.solidago.org
Who is the CEO of Solidago Foundation?
Linda Stout is the Director/President of Solidago Foundation.
Official website here: www.solidago.org
What is the revenue of Solidago Foundation?
Solidago Foundation's revenue in 2022 was $2,032,598.
Official website here: www.solidago.org
Who are the executives of Solidago Foundation and what are their salaries?
The average compensation at Solidago Foundation during 2022 was $55,413. There are 9 employees at Solidago Foundation.
Here are 4 key members and their salaries:
- Compensation: $65,572
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $167,964
- Related: $0
- Other: $19,897
Official website here: www.solidago.org
Where can I find the form 990 for Solidago Foundation?
Solidago Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.solidago.org
Learn more at the official website: www.solidago.org
Mission Statement of Solidago Foundation
Solidago Foundation, a charitable organization, is committed to promoting justice, equity, sustainability, and enfranchisement for all. They achieve this by making grants and collaborating with progressive, empowering community-based organizations. The foundation's mission is to support these organizations that work towards alleviating poverty and disenfranchisement in poor communities, providing sustainable jobs, and protecting the environment. Solidago Foundation's grant-making approach aims to empower these organizations, enabling them to make a significant impact in their communities. By partnering with these progressive organizations, Solidago Foundation contributes to a more equitable and sustainable society, where every individual has the opportunity to thrive.
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Impact
October, 2024
Solidago Foundation plays a crucial role in advancing justice, equity, and sustainability by providing strategic grant-making to community-based organizations. Their focus is on empowering initiatives that directly benefit marginalized communities, particularly those grappling with poverty and disenfranchisement.
By funding projects that promote sustainable job creation, Solidago contributes to economic resilience and environmental protection. The foundation's collaboration with progressive organizations not only addresses immediate community needs but also fosters long-term systemic change, ultimately working towards a more equitable and sustainable society. Their impact is felt in the lives of individuals and communities striving for a better future, as they enable transformative efforts that uplift and enfranchise those historically left behind.
This information is meant to be a general summary of Solidago Foundation. 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: $10,866
- Gross Receipts: $2,032,598
Assets and Liabilities:
- Total Assets: $1,716,323
- Total Liabilities: $948,212
- Net Assets: $768,111
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Organization Details
Founding Year
2005
Phone
(413) 587-0174Principal Officer
Linda Stout
Main Address
150 MAIN STREET 24, NORTHAMPTON, MA, 01060
Website
www.solidago.orgNTEE Category
Code: S20 - Community improvement
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