Overview
What is North South Institute Inc?
North South Institute Inc is a nonprofit organization based in Sunrise, Florida. With a team of three individuals, their primary mission is to promote sustainable development and economic growth, facilitating trade both nationally and internationally. They achieve this by entering into partnerships, authorized under the Federal Crop Insurance Act, to research labor issues in small family-owned farms, particularly in selected southern states. This initiative aims to establish agricultural labor cooperatives. The organization further provides outreach and training to farmers, assisting them in assessing and mitigating various risks, including production elements, operational risks, marketing, financial, and legal risks. Additionally, North South Institute Inc collaborates with community-based cooperatives, offering technical assistance in the creation of feasibility studies and marketing and business plans.
Official website here: www.nsi-ceed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning it a Two-Star out of Four Star rating. This rating indicates that while North South Institute Inc shows some strengths in its operations, there are areas that could benefit from improvement. The accountability and finance score of 74 suggests that the organization functions adequately, but there are significant concerns regarding its financial health.
The organization demonstrates strong governance with 66% of its board members being independent, which is a positive sign for transparency and conflict of interest management. Furthermore, they received full marks for their financial statements audit, material diversion of assets, and various policies related to governance. However, the presence of only two independent board members raises questions about the overall independence of its governance structure.
On the financial side, the program expense ratio is commendable at 100%, indicating that all expenses are directed towards programs. However, the liabilities to assets ratio of 87.15% is concerning, suggesting that the organization may have a high level of liabilities relative to its assets. Overall, while North South Institute Inc shows strong commitment to programmatic spending and governance, its financial stability may need closer scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is North South Institute Inc legitimate?
North South Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North South Institute 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $451,974
For more financial information, click here
Official website here: www.nsi-ceed.org
What is the mission statement of North South Institute Inc?
North South Institute Inc's mission is centered around promoting sustainable development systems and fostering economic development to facilitate trade on both national and international levels. The organization enters into partnerships, as authorized under the Federal Crop Insurance Act, to conduct research on labor issues in small, family-owned farms. This initiative aims to establish agricultural labor cooperatives, providing outreach and training to farmers in risk assessment and mitigation, covering production elements, operational risks, marketing, financial, and legal aspects. North South Institute Inc also collaborates with community-based cooperatives, offering technical assistance for feasibility studies and marketing and business plans development. The organization's primary goal is to develop, promote, and sustain community development programs, ultimately improving the quality of life in rural communities.
Official website here: www.nsi-ceed.org
Who is the CEO of North South Institute Inc?
Samuel Scott Dr is the Director of North South Institute Inc.
Official website here: www.nsi-ceed.org
What is the revenue of North South Institute Inc?
North South Institute Inc's revenue in 2022 was $887,184.
Official website here: www.nsi-ceed.org
Who are the executives of North South Institute Inc and what are their salaries?
The average compensation at North South Institute Inc during 2022 was $150,658. There are 3 employees at North South Institute Inc.
Here are 4 key members and their salaries:
- 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.nsi-ceed.org
Where can I find the form 990 for North South Institute Inc?
North South Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nsi-ceed.org
Learn more at the official website: www.nsi-ceed.org
Mission Statement of North South Institute Inc
North South Institute Inc is committed to promoting sustainable development systems and fostering economic development to facilitate trade, both nationally and internationally. The organization undertakes partnerships authorized under the Federal Crop Insurance Act to conduct research on labor issues in small, family-owned farms. The primary goal of this initiative is to establish agricultural labor cooperatives in selected Southern states.
Furthermore, North South Institute Inc enters into follow-up partnerships to provide outreach and training to the farmers. This outreach and training encompass the assessment and mitigation of various risks, including production, operational, marketing, financial, and legal risks. The organization also partners with community-based cooperatives to offer technical assistance in the development of feasibility studies, marketing, and business plans. North South Institute Inc's ultimate objective is to develop, provide, and promote programs that contribute to community development and improve the quality of life in rural communities.
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Impact
October, 2024
North South Institute Inc significantly impacts sustainable development and economic growth, particularly in rural communities and small family-owned farms. By entering into strategic partnerships under the Federal Crop Insurance Act, the institute addresses critical labor issues affecting these farms in select Southern states.
The organization focuses on establishing agricultural labor cooperatives, which empower farmers by enhancing their operational efficiency and stability. Through outreach and training initiatives, it equips farmers with the necessary skills to assess and mitigate a wide range of risks, from production to financial and legal concerns. This holistic approach helps farmers not only survive but thrive in a competitive agricultural market.
Additionally, partnering with community-based cooperatives allows North South Institute Inc to provide technical assistance in crafting feasibility studies and business plans. This support is crucial for fostering entrepreneurship and facilitating trade on both national and international levels, thereby contributing to the overall economic development of rural areas.
The organization's commitment to enhancing the quality of life in these communities is evident in its efforts to promote sustainable development systems, creating lasting positive change and resilience within the agricultural sector.
This information is meant to be a general summary of North South Institute 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.
- Program Service Revenue: $887,184
- Gross Receipts: $887,184
Assets and Liabilities:
- Total Assets: $1,781,008
- Total Liabilities: $1,552,249
- Net Assets: $228,759
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$887,184
Organization Details
Founding Year
2002
Principal Officer
Samuel Scott Dr
Main Address
4548 N HIATUS ROAD, SUNRISE, FL, 33351
Website
www.nsi-ceed.orgNTEE Category
Code: K02 - Food
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