Overview
What is The 1040 Initiative Inc?
The 1040 Initiative Inc, operating under the name 1040i, is a nonprofit organization situated in Oklahoma City, Oklahoma. Their primary focus lies in addressing health and educational needs within regions between 10 and 40 degrees north of the equator, particularly in North Africa. The organization's vision is to alleviate suffering and improve lives in these isolated areas. In addition to their global mission, 1040i is also involved in local educational efforts. They oversee Tanda Bilingual Academy, which enrolls approximately 280 students from grades 1 to 10, instructing in both French and English, following the Ivorian educational system. The academy, owned by 1040i, currently holds the first-place status in the region for outstanding elementary schools and boasts a 100% success rate for students transitioning into middle school. Construction on a high school facility commenced in the summer of 2022. 1040i's team consists of a dedicated workforce of three individuals.
Official website here: www.1040i.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
The 1040 Initiative Inc has received an 83% rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity has demonstrated strong governance with 80% independent board members and no material diversion of assets. However, the organization lacks policies for whistleblower protection and document retention, which could be areas for improvement.
User feedback highlights the impactful work of The 1040 Initiative, particularly in Africa. A volunteer praised the organization for its dedication to improving the lives of impoverished communities, emphasizing the founder's commitment to frugality and resource allocation for medical, water, and educational initiatives. This positive endorsement reflects the organization's mission and the personal experiences of those involved.
Despite the positive reviews, the absence of certain policies could raise concerns for potential donors regarding transparency and accountability. Overall, The 1040 Initiative Inc appears to be making significant strides in helping vulnerable populations, although addressing governance gaps would further enhance its standing.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about The 1040 Initiative Inc?
96% of reviewers on Facebook recommend The 1040 Initiative Inc. Here is a summary of their reviews:
Participants express a strong appreciation for the nonprofit's efforts, highlighting a recent event as particularly impressive. The collective sentiment reflects enthusiasm for the organization's mission and the positive impact it strives to have in the community. Many feel a renewed sense of hope from the work being done, suggesting that the nonprofit successfully connects with and inspires its supporters.
Overall, it's evident that The 1040 Initiative Inc. is making a notable impression on those who engage with it, fostering optimism about its contributions to society.
This AI summary has been generated from reviews found on Facebook.
Is The 1040 Initiative Inc legitimate?
The 1040 Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 1040 Initiative 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: $87,674
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.1040i.org
What is the mission statement of The 1040 Initiative Inc?
The 1040 Initiative Inc's mission is centered around transforming the lives of individuals in need, specifically focusing on alleviating pain and suffering in the most isolated regions between 10 and 40 degrees north of the equator, primarily in North Africa. Their primary focus lies in addressing health and education needs in these areas. The organization strives to make a significant impact through its initiatives, with a particular emphasis on improving access to education. For instance, Tanda Billingual Academy, an educational institution owned and operated by 1040 Initiative Inc, has seen success, enrolling approximately 280 students from grades 1-10 and maintaining a high standard in the region, with a 100% success rate for students transitioning into middle school. The organization is currently constructing a high school facility to further expand its educational offerings.
Official website here: www.1040i.org
Who is the CEO of The 1040 Initiative Inc?
Mike Cousineau is the President of The 1040 Initiative Inc.
Official website here: www.1040i.org
What is the revenue of The 1040 Initiative Inc?
The 1040 Initiative Inc's revenue in 2022 was $458,522.
Official website here: www.1040i.org
Who are the executives of The 1040 Initiative Inc and what are their salaries?
The average compensation at The 1040 Initiative Inc during 2022 was $29,225. There are 3 employees and 50 volunteers at The 1040 Initiative Inc.
Here are 6 key members and their salaries:
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Official website here: www.1040i.org
Where can I find the form 990 for The 1040 Initiative Inc?
The 1040 Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1040i.org
Learn more at the official website: www.1040i.org
Mission Statement of The 1040 Initiative Inc
The 1040 Initiative, an organization with a vision to transform lives, is dedicated to alleviating pain and suffering in the most isolated regions of the world, specifically between 10 and 40 degrees north of the equator, encompassing North Africa. Their primary focus revolves around addressing health and educational needs in these areas.
The organization embodies this mission through various initiatives, one of which is Tanda Billingual Academy. This school, which enrolled approximately 280 students from grades 1 to 10 during the 2020-2022 period, is instrumental in providing quality education. The academy operates bilingually, teaching in both French and English, following the Ivorian educational system. In the elementary level, the academy has consistently ranked among the top in the region, boasting a 100% success rate for students transitioning to middle school. The 1040 Initiative owns and manages the academy's facilities, overseeing its staff and operations. The organization has also commenced construction of a high school facility in the summer of 2022.
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Impact
July, 2024
The 1040 Initiative Inc has a significant impact on transforming the lives of people in need by addressing health and education needs between 10 degrees and 40 degrees north of the equator, particularly in North Africa. One notable project is the Tanda Bilingual Academy, which has successfully enrolled approximately 280 students from grades 1-10. The Academy provides instruction in both French and English, following the Ivorian educational system. The elementary school has achieved first-place status in the region and boasts a 100% success rate for students transitioning into middle school. Additionally, the organization has initiated the construction of a high school facility to further expand educational opportunities for the local community. Through these initiatives, The 1040 Initiative Inc is actively fighting pain and suffering in isolated regions and making a tangible difference in the lives of those it serves.
This information is meant to be a general summary of The 1040 Initiative 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.
- Gross Receipts: $458,522
Assets and Liabilities:
- Total Assets: $1,177,443
- Total Liabilities: $195,731
- Net Assets: $981,712
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Organization Details
Founding Year
2009
Principal Officer
Mike Cousineau
Main Address
PO BOX 721765, OKLAHOMA CITY, OK, 73070
Website
www.1040i.orgNTEE Category
Code: P20 - Human services
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