Overview
What is The Family Firm Institute Inc C/O Green Associates?
The Family Firm Institute Inc C/O Green Associates is a nonprofit organization situated in Boston, Massachusetts, specifically at 711 Atlantic Avenue, 6th Floor. Their primary purpose is to support professionals and academics who work with family businesses, aiming to enhance their skills and knowledge. They achieve this by disseminating various resources, such as professional publications, member directories, newsletters, and other printed materials related to family businesses, to their members. This nonprofit organization serves as a valuable platform for the advancement of those who help family firms function more effectively.
Official website here: www.ffi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
The Family Firm Institute Inc has received a low rating of 33%, indicating significant concerns regarding its accountability and financial management. The charity's score reflects a lack of independent board oversight, with 0% of board members being independent. This raises questions about governance and the potential for conflicts of interest.
While the organization has some strengths, such as a well-maintained audit and oversight committee and clear conflict of interest policies, it falls short in key areas like the absence of a whistleblower policy and missing documentation on its website. Additionally, the financial ratios reveal that only 28.15% of expenses are directed toward programs, which could suggest inefficiencies in resource allocation.
Overall, the substantial limitations in transparency and governance practices, coupled with inadequate program funding, contribute to the Zero-Star rating. Potential donors and stakeholders may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Family Firm Institute Inc C/O Green Associates?
80% of 23 reviewers on Facebook recommend The Family Firm Institute Inc C/O Green Associates. Here is a summary of their reviews:
Many supporters express admiration for the institute's approach to advancing family business science, highlighting its meaningful impact on both the academic and practical dimensions of family businesses. Reviewers appreciate the organization’s commitment to fostering knowledge and collaboration among stakeholders in this field.
The overall sentiment reflects a positive view of the institute's efforts, with users recognizing the value of its contributions to the understanding and management of family enterprises. This suggests that the organization is fulfilling its mission and is well-regarded in its niche.
This AI summary has been generated from reviews found on Facebook.
Is The Family Firm Institute Inc C/O Green Associates legitimate?
The Family Firm Institute Inc C/O Green Associates is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Family Firm Institute Inc C/O Green Associates 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.ffi.org
What is the mission statement of The Family Firm Institute Inc C/O Green Associates?
The Family Firm Institute Inc C/O Green Associates was established with the objective of enhancing the expertise and knowledge of professionals and academics who contribute to the efficient operation of family businesses. The organization serves this purpose by disseminating a variety of resources, including professional publications, member directories, newsletters, and printed materials related to family businesses, to its membership base.
Official website here: www.ffi.org
What is the revenue of The Family Firm Institute Inc C/O Green Associates?
The Family Firm Institute Inc C/O Green Associates's revenue in 2023 was $1,498,267.
Official website here: www.ffi.org
Who are the executives of The Family Firm Institute Inc C/O Green Associates and what are their salaries?
Here are 16 key members and their salaries:
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Official website here: www.ffi.org
Where can I find the form 990 for The Family Firm Institute Inc C/O Green Associates?
The Family Firm Institute Inc C/O Green Associates's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ffi.org
Learn more at the official website: www.ffi.org
Mission Statement of The Family Firm Institute Inc C/O Green Associates
The Family Firm Institute Inc C/O Green Associates was established with a mission to foster and enhance the abilities of professionals and academics who contribute to the efficient operation of family businesses. Their primary objective is to promote the skills and knowledge of these individuals, thereby aiding in the smooth functioning of family-owned enterprises. To accomplish this, the organization disseminates various resources, including professional publications, member directories, newsletters, and other printed materials specifically related to family businesses. This valuable information is shared among its members, thereby fostering a sense of community and knowledge exchange within the field of family businesses.
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Impact
October, 2024
The Family Firm Institute Inc C/O Green Associates significantly impacts the landscape of family businesses by enhancing the capabilities of professionals and scholars who support these entities. By disseminating professional publications, member directories, newsletters, and other relevant materials, the organization provides essential resources that foster knowledge sharing and best practices within the family business sector.
Located in Boston, MA, the organization is dedicated to promoting skills and knowledge that enable family firms to operate more effectively. This focus on professional development not only elevates the standards within the industry but also contributes to the overall health and sustainability of family businesses, which are vital components of the economy. Through its educational outreach and community support, The Family Firm Institute strengthens the foundation of family-run enterprises, thereby facilitating community improvement and continuity across generations.
This information is meant to be a general summary of The Family Firm Institute Inc C/O Green Associates. 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: $14,180
- Program Service Revenue: $1,484,087
- Gross Receipts: $1,498,267
Assets and Liabilities:
- Total Assets: $635,276
- Total Liabilities: $256,054
- Net Assets: $379,222
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES
Revenue
$503,613
MEMBERSHIP DUES
Revenue
$477,380
OTHER
Revenue
$410,650
JOURNAL ROYALTIES
Revenue
$50,799
CONTRIBUTED SERVICES
Revenue
$20,268
Organization Details
Founding Year
1984
Principal Officer
Debbie Bing
Website
www.ffi.orgNTEE Category
Code: S43 - Community improvement
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