Overview
What is Sinapis Group Inc?
Sinapis Group Inc is a nonprofit organization based in Indianapolis, Indiana, with a team of seven dedicated individuals. Their primary mission is to empower entrepreneurs across various countries, including Kenya, Uganda, Rwanda, Ghana, Liberia, Egypt, Mexico, Mongolia, Mozambique, Burundi, and Brazil. They accomplish this through comprehensive business training, mentorship, and access to capital. Their ultimate goal is to help these entrepreneurs grow successful businesses that contribute to the local economy and generate employment opportunities, ultimately alleviating poverty. Additionally, Sinapis Group Inc fosters ongoing alumni networks and offers acceleration and advisory services to nurture high-potential entrepreneurs, enabling them to surmount barriers and secure necessary funding. The organization's unique approach integrates faith into its work, enabling entrepreneurs to create businesses that yield economic, social, and spiritual impact.
Official website here: www.sinapis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Sinapis Group Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored an impressive 95% on the Accountability & Finance beacon, indicating effective management and transparency. Key strengths include a fully independent board and a solid financial oversight structure, with no noted diversions of assets.
The nonprofit demonstrates high program expense efficiency, with over 85% of its expenses directed toward its programs. This is coupled with an excellent fundraising efficiency ratio, showing that it effectively utilizes donations for its intended purposes. The organization maintains comprehensive policies on conflicts of interest and whistleblower protections, further underscoring its dedication to ethical governance.
However, the working capital ratio of 0.42 years may raise some concerns about liquidity and financial sustainability in the long term. While the organization seems financially sound at present, attention to its operating capital could enhance its resilience against unforeseen challenges. Overall, Sinapis Group Inc stands out as a well-managed nonprofit with a strong focus on its mission and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Sinapis Group Inc legitimate?
Sinapis Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sinapis Group 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: $165,812
Professional Fundraising Fees: $7,500
Other Salaries and Wages: $474,586
For more financial information, click here
Official website here: www.sinapis.org
What is the mission statement of Sinapis Group Inc?
Sinapis Group Inc's mission is centered around providing entrepreneurial training, mentorship, and access to capital. Their objective is to empower emerging and frontier market entrepreneurs to integrate their faith into their business operations, thereby fostering the growth of ventures that yield economic, social, and spiritual impact. The organization offers business training, acceleration, and advisory services, along with an ongoing alumni community. Through these initiatives, Sinapis Group Inc has trained over 8,200 entrepreneurs in various countries, contributing to local economic growth and job creation, which helps alleviate poverty. They also establish ongoing alumni networks and offer additional acceleration and advisory services to high-potential entrepreneurs, assisting them in overcoming barriers to scale and securing the necessary capital.
Official website here: www.sinapis.org
Who is the CEO of Sinapis Group Inc?
Matthew Rohrs is the CEO of Sinapis Group Inc The CEO's salary of Sinapis Group Inc is $145,768 and their total compensation is $165,812.
Official website here: www.sinapis.org
What is the revenue of Sinapis Group Inc?
Sinapis Group Inc's revenue in 2023 was $2,422,062.
Official website here: www.sinapis.org
Who are the executives of Sinapis Group Inc and what are their salaries?
The average compensation at Sinapis Group Inc during 2023 was $80,050. There are 8 employees at Sinapis Group Inc.
Here are 9 key members and their salaries (Sinapis Group Inc's CEO's salary is $145,768 and their total compensation is $165,812):
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- Compensation: $145,768
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- Other: $20,044
Official website here: www.sinapis.org
Where can I find the form 990 for Sinapis Group Inc?
Sinapis Group Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sinapis.org
Learn more at the official website: www.sinapis.org
Mission Statement of Sinapis Group Inc
Sinapis Group Inc is an organization dedicated to aiding entrepreneurs in their journey to establish successful businesses with both social and spiritual impact. The mission of Sinapis Group Inc involves providing business training, acceleration, and advisory services, as well as fostering an ongoing alumni community. This comprehensive approach equips emerging and frontier market entrepreneurs with the tools to integrate their faith into their work, ultimately leading to the growth of businesses that can create positive economic, social, and spiritual impacts.
Through Sinapis Group Inc's training programs, over 8,200 entrepreneurs from various countries, including Kenya, Uganda, Rwanda, Ghana, Liberia, Egypt, Mexico, Mongolia, Mozambique, Burundi, and Brazil, have been equipped with the necessary skills to grow their businesses. As these entrepreneurs succeed, they contribute to the local economy by creating job opportunities that help alleviate poverty. Sinapis Group Inc goes beyond its core training programs to establish ongoing alumni networks and offer acceleration and advisory services to high-potential entrepreneurs. These additional resources help these entrepreneurs overcome barriers to scale and secure the necessary capital.
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Impact
October, 2024
Sinapis Group Inc significantly impacts entrepreneurship by providing critical training, mentorship, and access to capital for emerging business leaders. With a focus on integrating faith into their work, Sinapis has successfully trained over 8,200 entrepreneurs across multiple countries, including Kenya, Uganda, Rwanda, Ghana, Liberia, Egypt, Mexico, Mongolia, Mozambique, Burundi, and Brazil.
By fostering the growth of successful businesses, Sinapis empowers entrepreneurs to stimulate local economies and create jobs, which directly contributes to poverty alleviation. The organization not only facilitates foundational training but also establishes ongoing alumni networks that support continuous learning and collaboration among business leaders. Additionally, Sinapis offers acceleration and advisory services designed to help high-potential entrepreneurs navigate challenges and secure necessary funding, further enhancing their capacity to scale operations.
Overall, Sinapis Group Inc plays a crucial role in redefining entrepreneurship in various regions by promoting economic, social, and spiritual growth, making a profound difference in the communities it serves.
This information is meant to be a general summary of Sinapis Group 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 2023.
- Investment Income: $24
- Gross Receipts: $2,434,129
Assets and Liabilities:
- Total Assets: $1,027,888
- Total Liabilities: $56,657
- Net Assets: $971,231
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Organization Details
Founding Year
2009
Principal Officer
Matthew Rohrs
Website
www.sinapis.orgNTEE Category
Code: B99 - Education
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