Overview
What is Interise Inc?
Interise Inc, headquartered in Boston, Massachusetts, is a nonprofit organization dedicated to fostering economic growth in disadvantaged communities. Through their StreetWise MBA program, they equip established small business owners in these areas with essential management skills, business knowledge, and valuable network connections. By empowering these entrepreneurs, Interise Inc encourages the expansion of their businesses, leading to the creation of new job opportunities and the development of community leaders. Their mission is to stimulate economic revitalization within these communities. With a team of 25 individuals, Interise Inc is committed to playing a vital role in the transformation and upliftment of lower income communities.
Official website here: www.interise.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating.
Interise Inc has received a two-star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. While the organization shows strengths in governance, with 87% of its board being independent and maintaining comprehensive policies such as conflict of interest and whistleblower protections, it has also encountered some challenges in financial management, particularly regarding its liabilities to assets ratio.
The organization performs reasonably well in terms of transparency, as evidenced by its audit and oversight committee's strong performance and the availability of board meeting minutes. However, it has been noted that the tax form is missing from the nonprofit's website, which impacts its overall financial transparency score. Furthermore, while the program expense ratio indicates a commitment to programmatic spending, the high liabilities to assets ratio raises concerns about its financial stability.
Overall, Interise Inc demonstrates a solid commitment to governance and accountability, but the financial metrics suggest areas for improvement that could enhance its rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Interise Inc legitimate?
Interise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interise 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: $217,033
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,197,654
For more financial information, click here
Official website here: www.interise.org
What is the mission statement of Interise Inc?
Interise Inc's mission is centered around stimulating economic revitalization in lower income communities. They achieve this by providing established small business owners in these communities with the necessary management knowledge, business skills, and network connections needed for growth. As these businesses flourish, they create new job opportunities and emerge as community leaders, contributing positively to their local economies. Interise's Streetwise MBA program is instrumental in executing this mission, fostering resilient communities in the process.
Official website here: www.interise.org
Who is the CEO of Interise Inc?
Darrell Byers is the Ceo of Interise Inc. The CEO's salary of Interise Inc is $191,292 and their total compensation is $227,032.
Official website here: www.interise.org
What is the revenue of Interise Inc?
Interise Inc's revenue in 2022 was $1,953,205.
Official website here: www.interise.org
Who are the executives of Interise Inc and what are their salaries?
The average compensation at Interise Inc during 2022 was $56,587. There are 25 employees at Interise Inc.
Here are 10 key members and their salaries (Interise Inc's CEO's salary is $191,292 and their total compensation is $227,032):
- Compensation: $191,292
- Related: $0
- Other: $35,740
- Compensation: $171,153
- Related: $0
- Other: $22,362
- Compensation: $148,976
- Related: $0
- Other: $21,616
- 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
Official website here: www.interise.org
Where can I find the form 990 for Interise Inc?
Interise Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.interise.org
Learn more at the official website: www.interise.org
Mission Statement of Interise Inc
Interise Inc, a notable organization, is dedicated to stimulating economic revitalization in lower-income communities. Their mission is to equip established small business owners within these communities with the necessary management knowledge, business acumen, and network connections required for further growth. As these businesses flourish, they generate new job opportunities, thereby developing these entrepreneurs into influential community leaders. In essence, Interise Inc aims to build resilient communities by empowering local business owners.
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Impact
October, 2024
Interise Inc significantly impacts economic revitalization in lower-income communities by empowering established small business owners through its StreetWise MBA program. This initiative equips entrepreneurs with essential management knowledge, practical business skills, and access to valuable networks that facilitate business growth.
As these businesses expand, they create new job opportunities, contributing to overall economic development in their communities. Moreover, successful graduates of the program often evolve into community leaders, playing a vital role in fostering resilience and improvement within their neighborhoods. By focusing on sustainable business practices and community engagement, Interise Inc helps to stimulate local economies and build strong, self-sufficient communities.
This information is meant to be a general summary of Interise 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: $266
- Program Service Revenue: $1,525,836
- Gross Receipts: $1,953,205
Assets and Liabilities:
- Total Assets: $2,414,777
- Total Liabilities: $2,034,726
- Net Assets: $380,051
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSES
Revenue
$1,525,836
Organization Details
Founding Year
2007
Phone
(617) 350-6300Principal Officer
Darrell Byers
Main Address
800 BOYLSTON STREET 16TH FLOOR, BOSTON, MA, 02199
Website
www.interise.orgNTEE Category
Code: S40 - Community improvement
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