Overview
What is Tenfold?
Tenfold, based in Lancaster, Pennsylvania, is a dedicated nonprofit organization. Their mission is to empower local households, fostering self-sufficiency and financial stability. They offer comprehensive financial counseling, coaching, and education services through programs in consumer credit, asset development, mortgage counseling, and pre-purchase counseling and education. Tenfold's activities are geared towards achieving equitable housing and financial security, making them a trusted community partner. They innovatively build wealth and advocate for fair and affordable housing through proactive coaching, education, and lending, ultimately working towards a more secure future for all. With a staff of 96 individuals, they strive to make a positive impact in their community.
Official website here: www.wearetenfold.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
Tenfold has received an impressive Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored 97% overall, indicating robust financial health and transparency. The high score is primarily based on a single beacon score that emphasizes accountability, showcasing the nonprofit's commitment to good governance.
Strengths highlighted in the review include a fully independent board of directors, with 17 members ensuring diverse perspectives and oversight. The organization also demonstrates thorough financial practices, such as having an established audit and oversight committee and policies for conflict of interest and whistleblowing. Additionally, Tenfold effectively manages its resources, with a program expense ratio of 75.28%, indicating that a significant portion of funds are directed towards its mission.
While Tenfold has many strengths, the review does not mention any specific limitations or areas for improvement, suggesting that the organization is performing well in its current operations. Overall, the Four-Star rating assures potential donors and stakeholders of Tenfold's commitment to accountability and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Tenfold legitimate?
Tenfold is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tenfold 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: $220,182
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,585,935
For more financial information, click here
Official website here: www.wearetenfold.org
What is the mission statement of Tenfold?
Tenfold sparks the potential in individuals to achieve equitable housing and financial security. Acting as a trusted community partner, Tenfold innovatively builds wealth and strives to provide quality, fair, and affordable housing for all through proactive coaching, education, lending, and advocacy. The organization offers comprehensive financial counseling and education services, equipping households with the necessary knowledge and skills to achieve self-sufficiency and financial stability for their future. The program includes consumer credit counseling, asset development, mortgage counseling, pre-purchase counseling, and education.
Official website here: www.wearetenfold.org
Who is the CEO of Tenfold?
Shelby Nauman is the Treasurer of Tenfold. The CEO's salary of Tenfold is $96,252 and their total compensation is $105,214.
Official website here: www.wearetenfold.org
What is the revenue of Tenfold?
Tenfold's revenue in 2022 was $6,280,898.
Official website here: www.wearetenfold.org
Who are the executives of Tenfold and what are their salaries?
The average compensation at Tenfold during 2022 was $29,230. There are 96 employees and 267 volunteers at Tenfold.
Here are 21 key members and their salaries (Tenfold's CEO's salary is $96,252 and their total compensation is $105,214):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $123,930
- Related: $0
- Other: $9,405
- Compensation: $96,252
- Related: $0
- Other: $8,962
Official website here: www.wearetenfold.org
Where can I find the form 990 for Tenfold?
Tenfold's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wearetenfold.org
Learn more at the official website: www.wearetenfold.org
Mission Statement of Tenfold
Tenfold, a community-trusted organization, is dedicated to igniting the potential in individuals to attain equitable housing and financial security. Their mission is innovative and far-reaching, aiming to construct wealth and achieve quality, fair, and affordable housing for all. They accomplish this through proactive coaching, education, lending, and advocacy. By providing these services, Tenfold empowers people to establish a solid financial foundation and secure a stable future.
At the heart of Tenfold's mission is the Ann B. Barshinger Financial Empowerment Center for Lancaster County. This center offers comprehensive and integrated financial counseling and education services, designed to equip Lancaster County households with the necessary knowledge and skills to achieve self-sufficiency and build financial stability for their future. Tenfold's programs encompass various components, such as consumer credit counseling, asset development, mortgage counseling, pre-purchase counseling, and education. Through these services, Tenfold equips individuals with the tools needed to overcome financial challenges and achieve a more secure and prosperous life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Tenfold drives significant change by empowering individuals and families to achieve equitable housing and financial security. Through its initiatives, Tenfold provides tailored coaching, education, lending, and advocacy, helping community members navigate the complexities of financial stability and homeownership.
At the Ann B. Barshinger Financial Empowerment Center in Lancaster County, Tenfold offers comprehensive financial counseling and education services. These programs equip participants with essential knowledge and skills, fostering self-sufficiency and long-term financial stability. Key components include consumer credit counseling, asset development, and mortgage preparation, all designed to help households build wealth and secure quality, fair, and affordable housing.
Through its innovative approach and community focus, Tenfold positions itself as a trusted partner in advancing financial literacy and housing equity, ultimately transforming lives and creating a more equitable community in Lancaster.
This information is meant to be a general summary of Tenfold. 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: $39,612
- Program Service Revenue: $88,120
- Gross Receipts: $6,683,369
Assets and Liabilities:
- Total Assets: $10,964,028
- Total Liabilities: $1,490,061
- Net Assets: $9,473,967
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MARKET VIEW
Revenue
$73,088
OTHER
Revenue
$15,032
Organization Details
Founding Year
1968
Phone
(717) 397-5182Principal Officer
Shelby Nauman
Main Address
308 EAST KING STREET PO BOX 1676, LANCASTER, PA, 176081676
Website
www.wearetenfold.orgNTEE Category
Code: P85 - Human services
If you are a representative of Tenfold and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.