Overview
What is Invest In Others Charitable Foundation Inc?
Invest in Others Charitable Foundation Inc is a not-for-profit organization situated in Andover, Massachusetts. Its primary objective is to highlight and honor the philanthropic accomplishments of financial advisors and firms across various communities worldwide. The foundation annually recognizes these individuals with awards, granting donations ranging from $25,000 to $75,000 to their designated charities. Moreover, the Invest in Others Grant Programs, such as Grants for Good and Grants for Change, offer funding opportunities for specific programs or projects supported by employees in the financial services sector. These grants range from $5,000 to $25,000 and are distributed throughout the year. Lastly, the Charitable Champions Program acknowledges financial advisory firms that foster a culture of philanthropy among their employees. Invest in Others Charitable Foundation Inc serves as a catalyst to channel philanthropy and volunteerism towards communities in need.
Official website here: www.investinothers.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating
Invest In Others Charitable Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The charity's score is notably high due to its excellent performance in various metrics, particularly in accountability and finance, demonstrating a well-managed organization that effectively utilizes its resources.
The foundation boasts a 100% accountability and finance score, indicating robust governance practices. Noteworthy aspects include a fully independent board, comprehensive financial oversight, and a solid program expense ratio of over 87%. These factors suggest that the organization is dedicated to its mission and operates with transparency and integrity in its financial dealings.
However, the organization does have some areas for improvement, specifically concerning its lack of a whistleblower policy and a document retention policy, both of which received a score of zero. Addressing these aspects could enhance their accountability framework further, ensuring that they uphold high standards in both governance and operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Invest In Others Charitable Foundation Inc legitimate?
Invest In Others Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Invest In Others Charitable Foundation 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: $305,735
Professional Fundraising Fees: $0
Other Salaries and Wages: $366,208
For more financial information, click here
Official website here: www.investinothers.org
What is the mission statement of Invest In Others Charitable Foundation Inc?
The Invest In Others Charitable Foundation Inc's mission is to amplify the charitable work of financial advisors, employees, and their firms. It serves as a catalyst to channel philanthropy and volunteerism to where it is needed most. The organization recognizes the philanthropic achievements of financial advisors and firms through its awards program, presenting donations to their designated charities ranging from $25,000 to $75,000. Additionally, the Invest In Others Grant Programs, such as Grants for Good and Grants for Change, provide funding opportunities for specific programs or projects supported by employees in the financial services industry. Lastly, the Charitable Champions Program honors financial advisory firms that promote a culture of philanthropy among their advisors and employees.
Official website here: www.investinothers.org
Who is the CEO of Invest In Others Charitable Foundation Inc?
R Barkley Payne is the President/Executive Director of Invest In Others Charitable Foundation Inc.
Official website here: www.investinothers.org
What is the revenue of Invest In Others Charitable Foundation Inc?
Invest In Others Charitable Foundation Inc's revenue in 2022 was $2,250,876.
Official website here: www.investinothers.org
Who are the executives of Invest In Others Charitable Foundation Inc and what are their salaries?
The average compensation at Invest In Others Charitable Foundation Inc during 2022 was $74,660. There are 9 employees and 161 volunteers at Invest In Others Charitable Foundation Inc.
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Official website here: www.investinothers.org
Where can I find the form 990 for Invest In Others Charitable Foundation Inc?
Invest In Others Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.investinothers.org
Learn more at the official website: www.investinothers.org
Mission Statement of Invest In Others Charitable Foundation Inc
Invest in Others Charitable Foundation Inc's mission is centered around amplifying the charitable work of financial advisors, their employees, and their firms. This organization serves as a catalyst, channeling philanthropy and volunteerism towards areas of greatest need. The foundation's primary objective is to recognize the philanthropic achievements of financial advisors and firms across the country and beyond, through their annual awards program. This program recognizes five awards, with financial advisors being nominated and finalists or winners receiving donations for their designated charities, ranging from $25,000 to $75,000.
In addition to the awards program, Invest in Others Charitable Foundation Inc also offers grant programs. These include Grants for Good and Grants for Change, which provide a platform for employees in the financial services industry to secure funding for specific programs or projects on behalf of the nonprofits they support. Grant awards range from $5,000 to $25,000 and are distributed throughout the year. Furthermore, the Charitable Champions program recognizes financial advisory firms that give back to their communities by promoting a culture of philanthropy among their financial advisors and employees. By doing so, Invest in Others Charitable Foundation Inc is making a significant impact in amplifying charitable work and serving as a beacon for philanthropy in the financial services industry.
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Impact
October, 2024
Invest In Others Charitable Foundation Inc significantly enhances the charitable efforts of financial advisors, their employees, and the firms they represent. Through its awards program, it recognizes the philanthropic achievements of financial advisors across the globe, providing substantial donations to their chosen charities—ranging from $25,000 to $75,000—thereby amplifying the positive impact of their community contributions.
Additionally, the foundation offers grant opportunities through programs like Grants for Good and Grants for Change. These initiatives allow employees in the financial services industry to obtain funding for specific projects, fostering a culture of philanthropy and direct community support. With grants ranging from $5,000 to $25,000, the foundation empowers individuals to spearhead meaningful local initiatives.
The Charitable Champions Program acknowledges firms that cultivate an environment of giving back, motivating financial advisors and employees to engage more deeply in their communities. Overall, Invest In Others Charitable Foundation Inc acts as a powerful catalyst for philanthropy, driving significant resources towards areas that require support and nurturing a spirit of volunteerism within the financial services sector.
This information is meant to be a general summary of Invest In Others Charitable Foundation 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: $43,689
- Gross Receipts: $3,091,152
Assets and Liabilities:
- Total Assets: $2,886,971
- Total Liabilities: $104,511
- Net Assets: $2,782,460
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Organization Details
Founding Year
2006
Phone
(781) 304-4812Principal Officer
R Barkley Payne
Main Address
10 STEVENS STREET 237, ANDOVER, MA, 01810
Website
www.investinothers.orgNTEE Category
Code: T21 - Philanthropy
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