Overview
What is Philanthropy Network Greater Philadelphia?
Philanthropy Network Greater Philadelphia is a nonprofit organization situated in Philadelphia, Pennsylvania. With a mission to strengthen philanthropy, the organization aims to foster a more vibrant, resilient, and equitable region. Despite the ongoing COVID-19 pandemic, Philanthropy Network Greater Philadelphia continued its operations, primarily through virtual programming. In the past year, the organization engaged its membership in nearly 40 online sessions, covering topics such as equity in financial due diligence and participatory grantmaking processes. These sessions attracted over 300 unique organizational registrations, showcasing their extensive reach and influence within the philanthropic community. The organization currently employs a team of six individuals.
Official website here: www.philanthropynetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Philanthropy Network Greater Philadelphia has achieved an impressive Four-Star rating from Charity Navigator, reflecting its outstanding performance in the area of accountability and finance. With a perfect score of 100%, the organization demonstrates a strong commitment to transparency and good governance, which is crucial for building trust with donors and stakeholders alike.
The organization excels particularly in its governance structure, having an entirely independent board consisting of 20 members, and it has established robust policies related to conflict of interest, whistleblowing, and document retention. Additionally, there are no reported material diversions of assets, which further underscores its financial integrity and commitment to ethical standards.
While the organization's program expense ratio stands at a commendable 74.93%, indicating that a significant portion of its funds is directed toward its programs, there is always room for improvement in outreach and communication with potential donors. Overall, Philanthropy Network Greater Philadelphia sets a high standard for nonprofit management, ensuring that its operations are both effective and responsible.
This AI summary has been generated from information found on Charity Navigator.
Is Philanthropy Network Greater Philadelphia legitimate?
Philanthropy Network Greater Philadelphia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philanthropy Network Greater Philadelphia 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: $286,233
Professional Fundraising Fees: $0
Other Salaries and Wages: $244,085
For more financial information, click here
Official website here: www.philanthropynetwork.org
What is the mission statement of Philanthropy Network Greater Philadelphia?
Philanthropy Network Greater Philadelphia's mission is to enhance philanthropy, with the ultimate goal of fostering a more vibrant, resilient, and equitable region. They achieve this objective by providing educational programs and engaging their membership in various online sessions, covering topics such as equity in financial due diligence and participant-driven grantmaking processes. Last year, the organization saw a surge in interest, with over 300 unique organizational registrations for these events as the community began to recover from the COVID-19 pandemic. Despite relying primarily on virtual programming, Philanthropy Network Greater Philadelphia continued to strengthen philanthropy, contributing to a more equitable and resilient region.
Official website here: www.philanthropynetwork.org
Who is the CEO of Philanthropy Network Greater Philadelphia?
Shira Hodges is the Director of Philanthropy Network Greater Philadelphia.
Official website here: www.philanthropynetwork.org
What is the revenue of Philanthropy Network Greater Philadelphia?
Philanthropy Network Greater Philadelphia's revenue in 2022 was $1,278,055.
Official website here: www.philanthropynetwork.org
Who are the executives of Philanthropy Network Greater Philadelphia and what are their salaries?
The average compensation at Philanthropy Network Greater Philadelphia during 2022 was $88,386. There are 6 employees and 50 volunteers at Philanthropy Network Greater Philadelphia.
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- Other: $9,637
Official website here: www.philanthropynetwork.org
Where can I find the form 990 for Philanthropy Network Greater Philadelphia?
Philanthropy Network Greater Philadelphia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.philanthropynetwork.org
Learn more at the official website: www.philanthropynetwork.org
Mission Statement of Philanthropy Network Greater Philadelphia
Philanthropy Network Greater Philadelphia, a prominent organization in the philanthropic sector, aims to strengthen philanthropy with the ultimate goal of creating a more vibrant, resilient, and equitable region. By focusing on enhancing philanthropy, the organization aspires to contribute to a more prosperous and balanced community. Last year, as the region began to recover from the COVID-19 pandemic, Philanthropy Network Greater Philadelphia continued its mission, engaging its membership in nearly 40 online sessions. Topics ranged from celebrating Black abundance to implementing a participatory grantmaking process, and centering equity in financial due diligence. Over 300 unique organizational registrations participated in these events, reflecting the organization's influence and reach within the philanthropic community.
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Impact
October, 2024
Philanthropy Network Greater Philadelphia significantly enhances the region's philanthropic landscape, promoting resilience, vibrancy, and equity. Over the past year, amid the challenges posed by the COVID pandemic, the organization adapted by providing nearly 40 online educational sessions that attracted over 300 distinct organizational registrations. These sessions addressed crucial topics such as "Celebrating Black Abundance," "Implementation of a Participatory Grantmaking Process," and "Centering Equity in Financial Due Diligence." By engaging a diverse range of participants in meaningful discussions and learning opportunities, the network fosters collaboration and empowers philanthropic efforts that contribute to a more equitable community. This focus on education and connection amplifies the impact of philanthropy in Greater Philadelphia, ultimately supporting the goal of a thriving region for all residents.
This information is meant to be a general summary of Philanthropy Network Greater Philadelphia. 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: $107
- Program Service Revenue: $18,625
- Gross Receipts: $1,278,055
Assets and Liabilities:
- Total Assets: $1,208,730
- Total Liabilities: $100,285
- Net Assets: $1,108,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$18,625
Organization Details
Founding Year
1988
Phone
(215) 790-9700Principal Officer
Shira Hodges
Main Address
1617 JFK BLVD 20TH FLOOR, PHILADELPHIA, PA, 19103
Website
www.philanthropynetwork.orgNTEE Category
Code: T50Z - Philanthropy
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