Overview
What is The Partnership Foundation Inc?
The Partnership Foundation Inc, located in Hattiesburg, Mississippi, is a dedicated nonprofit organization. Its primary mission is to foster economic prosperity and enhance the overall quality of life within the greater Hattiesburg area. The foundation works tirelessly to achieve these goals, employing various strategies and initiatives to support this cause. However, the specific programs or activities undertaken by The Partnership Foundation Inc to accomplish these objectives were not provided in the given information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates a moderate level of accountability and transparency for The Partnership Foundation Inc. While the organization showcases strengths in independent board governance and financial performance, it falls short in several key areas related to policy documentation and online presence.
The organization has a strong accountability score, with 88% of its board members being independent, a solid program expense ratio of 94.14%, and no material diversion of assets. These aspects suggest that the foundation is committed to its mission and uses its resources effectively for program-related activities. However, the lack of essential policies such as a conflict of interest policy, whistleblower policy, and document retention policy is concerning and can impact its overall governance standards.
Additionally, the foundation's website is not listed on its tax form, which is a significant oversight in terms of transparency. Addressing these limitations could enhance the organization's credibility and trust with donors and stakeholders. Overall, while The Partnership Foundation Inc has notable strengths, improvements in policy documentation and online accessibility are necessary for a better accountability assessment.
This AI summary has been generated from information found on Charity Navigator.
Is The Partnership Foundation Inc legitimate?
The Partnership Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Partnership 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Partnership Foundation Inc?
The Partnership Foundation Inc's mission is centered around promoting and fostering economic prosperity and enhancing the overall quality of life within a broader community. This organization strives to achieve these objectives by actively supporting initiatives that contribute to the region's economic well-being and overall livability.
Who is the CEO of The Partnership Foundation Inc?
Chad Newell is the Secretary of The Partnership Foundation Inc.
What is the revenue of The Partnership Foundation Inc?
The Partnership Foundation Inc's revenue in 2023 was $54,796.
Who are the executives of The Partnership Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $335,895
- Other: $20,718
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- Other: $0
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- Other: $0
Where can I find the form 990 for The Partnership Foundation Inc?
The Partnership Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Partnership Foundation Inc
The Partnership Foundation, as its mission statement suggests, is committed to fostering economic prosperity and enhancing the overall quality of life within the Greater Hattiesburg area. This nonprofit organization strives to achieve this goal by actively promoting and supporting economic wellness, serving as a catalyst for positive change and improved living standards for the community it serves.
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Impact
August, 2024
The Partnership Foundation Inc promotes and supports economic wellness and quality of life for the Greater Hattiesburg area. Their work aims to improve the community by addressing economic challenges and enhancing overall well-being for residents. Through their initiatives and programs, they contribute to the development and upliftment of the local area, striving to create a more prosperous and thriving community for all.
This information is meant to be a general summary of The Partnership 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 2023.
- Investment Income: $5,299
- Gross Receipts: $54,796
Assets and Liabilities:
- Total Assets: $2,082,899
- Total Liabilities: $744
- Net Assets: $2,082,155
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Organization Details
Founding Year
2006
Phone
(601) 296-7500Principal Officer
Chad Newell
Main Address
ONE CONVENTION CENTER PLAZA, HATTIESBURG, MS, 39401
NTEE Category
Code: S300 - Community improvement
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