Overview
What is Companies For Causes?
Companies For Causes is a distinguished nonprofit organization situated in Washington D.C., specifically at 1899 L Street NW Suite 850. Its primary mission is to bridge the gap between good intentions and strategic impact in community involvement. To achieve this, the organization serves as a multi-university academic center, identifying, training, and activating philanthropists and investors to transition into impact investors. By doing so, Companies For Causes facilitates a more purposeful and meaningful contribution to the community. With a team of six dedicated individuals, this nonprofit is committed to fostering a more impactful society.
Official website here: www.companiesforcauses.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Companies For Causes has received a two-star rating from Charity Navigator, indicating a mediocre performance in accountability and finance. While the organization boasts a fully independent board and demonstrates a solid program expense ratio of 79.31%, there are notable gaps in its governance, particularly concerning the absence of a whistleblower policy and a document retention and destruction policy.
The nonprofit does well in terms of board structure, with all members being independent, and it has no material diversion of assets, indicating sound financial practices. However, the lack of transparency is highlighted by the missing tax form on its website and the absence of key governance policies, which may raise concerns among potential donors about the organization's commitment to best practices in nonprofit management.
Overall, while Companies For Causes shows strengths in certain financial metrics and governance aspects, its low rating reflects significant areas for improvement, particularly in transparency and policy implementation. Potential supporters should consider these factors when evaluating their contributions to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Companies For Causes legitimate?
Companies For Causes is a legitimate nonprofit organization registered as a 501(c)(3) entity. Companies For Causes 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: $411,600
For more financial information, click here
Official website here: www.companiesforcauses.org
What is the mission statement of Companies For Causes?
Companies For Causes' mission is focused on transforming community involvement from good intentions into strategic impact. They achieve this through their activities, aiming to educate and empower philanthropists and investors to make impactful investments as impact investors. This is accomplished through the Impact Finance Center, a nonprofit academic center affiliated with multiple universities, which identifies, trains, and mobilizes potential impact investors.
Official website here: www.companiesforcauses.org
What is the revenue of Companies For Causes?
Companies For Causes's revenue in 2023 was $1,073,659.
Official website here: www.companiesforcauses.org
Who are the executives of Companies For Causes and what are their salaries?
The average compensation at Companies For Causes during 2023 was $82,320. There are 5 employees and 3 volunteers at Companies For Causes.
Here are 4 key members and their salaries:
- Compensation: $158,424
- Related: $0
- Other: $6,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.companiesforcauses.org
Where can I find the form 990 for Companies For Causes?
Companies For Causes's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.companiesforcauses.org
Learn more at the official website: www.companiesforcauses.org
Mission Statement of Companies For Causes
Companies For Causes, as a nonprofit organization, aims to transform community involvement from good intentions into strategic impact. Their mission is centered around identifying, training, and activating philanthropists and investors to become impact investors. This multifaceted approach seeks to shift the focus from charitable giving to strategic investments that can bring about meaningful change. The Impact Finance Center, a nonprofit academic center affiliated with multiple universities, is a key component of Companies For Causes' mission. This center serves to educate and equip philanthropists and investors with the necessary tools and knowledge to make informed impact investments. By fostering this shift, Companies For Causes aims to drive sustainable and impactful change within communities.
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Impact
October, 2024
Companies For Causes transforms community involvement by shifting the focus from good intentions to strategic impact. Through its Impact Finance Center, a collaborative academic initiative across multiple universities, it identifies, trains, and activates philanthropists and investors to become effective impact investors. By equipping stakeholders with the necessary skills and knowledge, Companies For Causes enhances the capacity for meaningful contributions to society, ultimately fostering sustainable change in communities. Their efforts aim to bridge the gap between traditional philanthropy and strategic investments, enabling a more impactful approach to addressing social and economic challenges.
This information is meant to be a general summary of Companies For Causes. 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: $7,389
- Gross Receipts: $1,073,659
Assets and Liabilities:
- Total Assets: $626,427
- Total Liabilities: $77,980
- Net Assets: $548,447
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Organization Details
Founding Year
2010
Principal Officer
Thomas Raffa
Website
www.companiesforcauses.orgNTEE Category
Code: Z99 - Unknown
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