Overview
What is Wharton Business School Club Of Ny Inc?
Wharton Business School Club Of Ny Inc is a nonprofit organization located in New York, specifically at 1636 3rd Avenue 409, NY 10128. Their primary mission is to offer exceptional business, career, and social opportunities and services to the Wharton Business School alumni residing in the New York metropolitan area. They achieve this goal by hosting various events and seminars, inviting recognized speakers, and providing networking and skills training opportunities. The organization's aim is to foster a supportive community for its members, promote the Wharton School of Business, and contribute to its growth. The Wharton Club of New York, with over 16,000 members, is an active networking, career guidance, educational, and social platform that organizes numerous events annually, all thanks to the dedication of its committed alumni.
Official website here: www.whartonny.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
Wharton Business School Club Of Ny Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and performance. The organization's overall score is primarily derived from its Accountability & Finance, which is at 53%. While the charity exhibits strengths in governance, with 100% independent board members and strong compliance policies in place, these factors do not sufficiently compensate for its financial ratios.
The organization's financial performance raises red flags, particularly with a program expense ratio of only 45.46%, which suggests that less than half of its expenditures are directed towards its stated mission. Additionally, a liabilities-to-assets ratio of 4.07% is significantly low, contributing to its lack of financial health as indicated by the scoring system. Such figures can be concerning for potential donors and stakeholders who prioritize transparency and effective allocation of resources.
In summary, while Wharton Business School Club Of Ny Inc demonstrates solid governance practices, its financial indicators suggest that it may not be effectively utilizing its resources to fulfill its mission. Potential supporters should consider these factors when assessing the organization's impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Wharton Business School Club Of Ny Inc legitimate?
Wharton Business School Club Of Ny Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wharton Business School Club Of Ny 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:
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For more financial information, click here
Official website here: www.whartonny.com
What is the mission statement of Wharton Business School Club Of Ny Inc?
The Wharton Business School Club of New York Inc's mission is to offer top-notch business, career, and social opportunities and services to its members in the New York metropolitan area. The organization aims to foster and support the Wharton School of Business by organizing a variety of events annually, thanks to the dedicated efforts of numerous alumni. The Wharton Club of New York serves as a networking, career guidance, educational, and social platform for over 16,000 MBA and undergraduate alumni in the New York City metropolitan area, all working towards enhancing the Wharton network and giving back to the school.
Official website here: www.whartonny.com
Who is the CEO of Wharton Business School Club Of Ny Inc?
Dana Michael is the Director of Wharton Business School Club Of Ny Inc.
Official website here: www.whartonny.com
What is the revenue of Wharton Business School Club Of Ny Inc?
Wharton Business School Club Of Ny Inc's revenue in 2022 was $66,065.
Official website here: www.whartonny.com
Who are the executives of Wharton Business School Club Of Ny Inc and what are their salaries?
There 69 volunteers at Wharton Business School Club Of Ny Inc.
Here are 11 key members and their salaries:
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Official website here: www.whartonny.com
Where can I find the form 990 for Wharton Business School Club Of Ny Inc?
Wharton Business School Club Of Ny Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.whartonny.com
Learn more at the official website: www.whartonny.com
Mission Statement of Wharton Business School Club Of Ny Inc
Wharton Business School Club of NY Inc is committed to delivering top-notch business, career, and social opportunities and services to its members in the New York metropolitan area. The primary objective of this organization is to foster and support the Wharton School of Business, serving over 16,000 MBA and undergraduate alumni in the area. To achieve this, the club organizes a multitude of events annually, driven by the dedication and hard work of numerous alumni who are passionate about strengthening the Wharton network and giving back to their alma mater. The Wharton Club of NY Inc acts as a networking, career guidance, educational, and social platform for its members, providing them with a plethora of resources to enhance their professional and personal growth.
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Impact
August, 2024
The Wharton Business School Club Of Ny Inc has a significant impact on its members by providing excellent business, career, and social opportunities and services. It facilitates personal networking and skills training through a variety of events and seminars, featuring recognized speakers. The organization plays a crucial role in furthering the careers of individuals associated with the Wharton School of Business in the New York metropolitan area. It serves as a key networking, career guidance, educational, and social forum for over 16,000 MBA and undergraduate alumni, contributing to the growth and success of the Wharton network in the region.
This information is meant to be a general summary of Wharton Business School Club Of Ny 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: $496
- Program Service Revenue: $5,370
- Gross Receipts: $66,065
Assets and Liabilities:
- Total Assets: $1,143,377
- Total Liabilities: $53,177
- Net Assets: $1,090,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM AND LECTURE IN
Revenue
$5,370
Organization Details
Founding Year
1972
Phone
(212) 463-5559Principal Officer
Dana Michael
Main Address
1636 3RD AVENUE 409, NEW YORK, NY, 10128
Website
www.whartonny.comNTEE Category
Code: B84 - Education
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