Overview
What is Mit Club Of Boston Inc?
Mit Club of Boston Inc is an independent, volunteer-led nonprofit organization situated in Cambridge, Massachusetts. Its primary purpose is to serve the local MIT alumni, staff, and parents of current students, aiming to create value and foster connections within this community. The club accomplishes this through a variety of means, including social events, educational programs, professional development workshops, and community service projects. Notably, Mit Club of Boston Inc also funds the Club of Boston Scholarship Fund, furthering its commitment to supporting its constituency.
Official website here: www.boston.alumclub.mit.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Mit Club Of Boston Inc has achieved a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The rating is derived entirely from its accountability score, with the organization excelling in several key areas, including having a fully independent board and maintaining a favorable liabilities to assets ratio of 0.00%. Additionally, it demonstrates high program expense efficiency with a program expense ratio of 95.54%, indicating that the majority of its resources are allocated toward its mission.
However, there are notable areas for improvement. The organization lacks essential governance policies, such as a conflict of interest policy and a whistleblower policy, both of which are crucial for ensuring transparency and accountability within nonprofit organizations. These missing elements resulted in lower scores in these specific categories, which may raise concerns for prospective donors regarding the organization's overall governance practices.
Overall, while the Mit Club Of Boston Inc shows strong financial health and accountability metrics, the absence of critical policies could limit its effectiveness and credibility in the long run. Addressing these governance gaps could enhance its rating and foster greater trust among supporters. For more information, visit their official page on Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Mit Club Of Boston Inc legitimate?
Mit Club Of Boston Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mit Club Of Boston 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
Official website here: www.boston.alumclub.mit.edu
What is the mission statement of Mit Club Of Boston Inc?
The Mit Club of Boston Inc. is an independent, volunteer-run non-profit organization that caters to the local community of Massachusetts Institute of Technology (MIT) alumni, staff, and parents of current students. Its mission is to provide value and foster connections within this community through a variety of initiatives. These include organizing social activities, educational programs, professional development events, and community service projects. The organization also funds the Club of Boston Scholarship Fund to support its goals. In essence, the Mit Club of Boston Inc. aims to enrich its constituency's lives and build a supportive network among its members.
Official website here: www.boston.alumclub.mit.edu
Who is the CEO of Mit Club Of Boston Inc?
Natalia Olive is the Director of Mit Club Of Boston Inc.
Official website here: www.boston.alumclub.mit.edu
What is the revenue of Mit Club Of Boston Inc?
Mit Club Of Boston Inc's revenue in 2023 was $115,552.
Official website here: www.boston.alumclub.mit.edu
Who are the executives of Mit Club Of Boston Inc and what are their salaries?
There 100 volunteers at Mit Club Of Boston Inc.
Here are 19 key members and their salaries:
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Official website here: www.boston.alumclub.mit.edu
Where can I find the form 990 for Mit Club Of Boston Inc?
Mit Club Of Boston Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.boston.alumclub.mit.edu
Learn more at the official website: www.boston.alumclub.mit.edu
Mission Statement of Mit Club Of Boston Inc
The Mit Club of Boston Inc, a volunteer-driven non-profit organization, serves the local community of MIT alumni, staff, and parents of current students. Its mission is to provide value and foster connections across this constituency through a variety of means. This includes organizing social activities, educational programs, professional development events, and community service projects. Notably, the organization also funds the Club of Boston Scholarship Fund, demonstrating its commitment to supporting its members and the wider community. The Mit Club of Boston Inc aims to create an inclusive and engaging environment where individuals can build meaningful relationships and contribute to worthwhile causes.
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Impact
October, 2024
MIT Club of Boston Inc significantly enriches the local community of MIT alumni, staff, and parents of current students through a diverse array of activities. By fostering connections among its members, the club creates valuable networking opportunities and strengthens relationships within this unique community.
The club organizes social activities that allow members to come together in a relaxed environment, enhancing camaraderie and friendship. Additionally, the educational programs offered encourage lifelong learning and intellectual engagement, benefiting both individuals and the broader community.
Professional development events are another key focus, equipping participants with skills and insights to advance their careers. This commitment to growth and success reflects the club's dedication to helping its members thrive in their professional endeavors.
Moreover, the MIT Club of Boston is actively involved in community service projects, demonstrating a strong dedication to giving back. By funding the Club of Boston Scholarship Fund, the organization helps support the next generation of MIT students, ensuring that deserving individuals have the opportunity to pursue their educational goals.
Overall, the impact of MIT Club of Boston extends beyond its immediate constituency, fostering a spirit of collaboration, support, and giving that resonates throughout the community and reinforces the values of MIT.
This information is meant to be a general summary of Mit Club Of Boston 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: $28
- Program Service Revenue: $63,893
- Gross Receipts: $115,552
Assets and Liabilities:
- Total Assets: $78,871
- Total Liabilities: $0
- Net Assets: $78,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEMINARS AND MISC EVENTS
Revenue
$63,893
Organization Details
Founding Year
1984
Phone
(617) 308-9795Principal Officer
Natalia Olive
Main Address
600 MEMORIAL DRIVE W98-2ND FLR, CAMBRIDGE, MA, 02139
Website
www.boston.alumclub.mit.eduNTEE Category
Code: B84 - Education
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