Overview
What is Think Tank Inc?
Think Tank Inc, located at 20 S LIMESTONE ST 330, Springfield, OH 45502, is a nonprofit organization dedicated to addressing poverty issues. Their primary mission is to equip and educate organizations, both regionally and nationally, in effectively collaborating with individuals in poverty to foster long-term improvement. As a training center, Think Tank Inc specializes in developing strategies for poverty alleviation at a state and national level. Additionally, the organization offers simulations, trainings, and curriculum development to further its cause. In response to the pandemic, Think Tank Inc introduced a virtual experience to continue their work, expanding their reach and accessibility. With a team of 10 employees, Think Tank Inc remains committed to raising awareness of poverty needs and engaging in solutions to combat this issue.
Official website here: www.thinktank-inc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Think Tank Inc has received a rating of 77%, which translates to a Three-Star rating on Charity Navigator. This score is based entirely on the Accountability & Finance category, in which the organization scored well, particularly in areas such as having a majority of independent board members and maintaining comprehensive financial statements. The charity demonstrates a commitment to transparency with its financial information accessible on its website and adherence to conflict of interest policies.
However, there are notable limitations that affect the overall score. The organization lacks a whistleblower policy and a document retention and destruction policy, both of which are crucial for governance and accountability. Furthermore, while they excel in program expense ratio and have a low material diversion of assets, their liabilities to assets ratio is concerning and impacted their score negatively in this area.
Overall, while Think Tank Inc exhibits strengths in board independence and financial practices, the absence of specific governance policies suggests room for improvement in their operational transparency and risk management.
This AI summary has been generated from information found on Charity Navigator.
Is Think Tank Inc legitimate?
Think Tank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Think Tank 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: $73,461
Professional Fundraising Fees: $0
Other Salaries and Wages: $323,694
For more financial information, click here
Official website here: www.thinktank-inc.org
What is the mission statement of Think Tank Inc?
Think Tank Inc's mission is centered around educating and equipping organizations to collaboratively address poverty issues. The organization serves as a hub for the development of strategies aimed at alleviating poverty at the regional, state, and national levels. Its primary focus is on providing training and support to local non-profit organizations, raising awareness about the needs of those living in poverty, and engaging in solutions to mitigate poverty. Additionally, Think Tank Inc conducts poverty simulations, trainings, and curriculum development. During the pandemic, they introduced a virtual experience to continue their services.
Official website here: www.thinktank-inc.org
Who is the CEO of Think Tank Inc?
Marlo Fox is the Executive Dir. of Think Tank Inc.
Official website here: www.thinktank-inc.org
What is the revenue of Think Tank Inc?
Think Tank Inc's revenue in 2022 was $694,157.
Official website here: www.thinktank-inc.org
Who are the executives of Think Tank Inc and what are their salaries?
The average compensation at Think Tank Inc during 2022 was $39,716. There are 10 employees and 750 volunteers at Think Tank Inc.
Here are 9 key members and their salaries:
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Official website here: www.thinktank-inc.org
Where can I find the form 990 for Think Tank Inc?
Think Tank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thinktank-inc.org
Learn more at the official website: www.thinktank-inc.org
Mission Statement of Think Tank Inc
Think Tank Inc, as a nonprofit organization, is committed to educating and empowering other organizations to collaboratively address poverty issues. Their primary focus lies in serving as a training center for the development of effective poverty alleviation strategies at both the regional and national levels. By equipping organizations with the necessary tools and knowledge, Think Tank Inc aims to facilitate lasting change in the fight against poverty.
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Impact
July, 2024
Think Tank Inc's impact lies in its ability to educate and equip organizations to effectively partner with individuals living in poverty, with the goal of creating lasting change. Through its training programs and support services for local nonprofits, the organization builds awareness of the needs of those in poverty and actively engages in developing solutions to alleviate poverty. By conducting poverty simulations, training sessions, and curriculum development, Think Tank Inc plays a crucial role in addressing the complexities of poverty at regional, state, and national levels. Through its mission to empower collaborative efforts and provide practical tools for poverty alleviation, Think Tank Inc is making a tangible difference in the fight against poverty.
This information is meant to be a general summary of Think Tank 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: $5
- Program Service Revenue: $482,082
- Gross Receipts: $694,157
Assets and Liabilities:
- Total Assets: $337,170
- Total Liabilities: $244,707
- Net Assets: $92,463
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTED SERVICES
Revenue
$482,082
Organization Details
Founding Year
2005
Phone
(937) 322-4970Principal Officer
Marlo Fox
Main Address
20 S LIMESTONE ST 330, SPRINGFIELD, OH, 45502
Website
www.thinktank-inc.orgNTEE Category
Code: P02 - Human services
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