Overview
What is Duet Inc?
Duet Inc, situated in Boston, Massachusetts, is a nonprofit organization dedicated to supporting the educational journeys of working adults enrolled in certain competency-based programs at Southern New Hampshire University. With a team of 41 dedicated individuals, Duet provides enrollment assistance, degree coaching, and career guidance to over 600 students each year. Their mission is centered around aiding students in obtaining degrees through their comprehensive support and coaching services. Duet Inc operates within the realms of higher education, specifically targeting adults who have previously attempted college studies.
Official website here: www.duet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Duet Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance with an overall score of 80%. The organization's strengths are evident in its high scores for having a majority of independent board members, as well as strong fiscal management indicators such as the liabilities to assets ratio and program expense ratio. These factors reflect a commitment to ethical governance and effective resource allocation.
However, the rating also highlights some areas of concern. Notably, Duet Inc scored zero points for the size of its independent board and for the transparency of its financial statements, which could suggest potential weaknesses in board structure and financial reporting practices. Additionally, the organization received a low score for fundraising efficiency, which may indicate challenges in generating funds relative to expenses.
Overall, while Duet Inc demonstrates strong accountability practices, it faces significant challenges in certain operational aspects that may impact its financial health and fundraising capabilities. Stakeholders may want to consider these factors when evaluating the organization's effectiveness and potential for sustainable growth.
This AI summary has been generated from information found on Charity Navigator.
Is Duet Inc legitimate?
Duet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Duet 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: $540,598
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,827,546
For more financial information, click here
Official website here: www.duet.org
What is the mission statement of Duet Inc?
Duet Inc's mission is centered around assisting college students in achieving their academic goals. Through their support and coaching services, they aim to help students earn their degrees, particularly those enrolled in certain competency-based programs at Southern New Hampshire University. The organization primarily works with working adults who have previously attempted college. In the fiscal year 2022, Duet directly assisted over 600 such students.
Official website here: www.duet.org
Who is the CEO of Duet Inc?
Michael Larsson is the President & of Duet Inc.
Official website here: www.duet.org
What is the revenue of Duet Inc?
Duet Inc's revenue in 2022 was $4,938,474.
Official website here: www.duet.org
Who are the executives of Duet Inc and what are their salaries?
The average compensation at Duet Inc during 2022 was $57,760. There are 41 employees at Duet Inc.
Here are 9 key members and their salaries:
- Compensation: $137,797
- Related: $0
- Other: $16,703
- Compensation: $142,005
- Related: $0
- Other: $6,694
- Compensation: $109,421
- Related: $0
- Other: $5,922
- Compensation: $114,961
- Related: $0
- Other: $0
- Compensation: $114,961
- 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.duet.org
Where can I find the form 990 for Duet Inc?
Duet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.duet.org
Learn more at the official website: www.duet.org
Mission Statement of Duet Inc
Duet Inc, a nonprofit organization, is dedicated to assisting college students in achieving their academic goals. Their mission is centered around providing support and coaching to help students earn their degrees, particularly those enrolled in certain competency-based programs at Southern New Hampshire University. This mission is geared towards working adults who have previously attempted college studies. In the fiscal year 2022, Duet worked directly with over 600 such students. The organization's role extends beyond mere enrollment support, offering degree and career coaching, as well as assistance to students navigating their academic journeys.
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Impact
October, 2024
Duet Inc plays a crucial role in enhancing educational access and success for college students, particularly working adults who have previously faced challenges in their academic journeys. By offering targeted enrollment, degree, and career coaching, Duet Inc addresses the unique needs of students enrolled in competency-based programs at Southern New Hampshire University.
In fiscal year 2022, Duet Inc directly supported over 600 students, empowering them to navigate the complexities of higher education. This support system not only helps individuals earn their degrees but also fosters a sense of community and belonging, which is vital for student retention and success.
The impact of Duet Inc extends beyond individual achievement; it contributes to the broader mission of community improvement by enabling students to acquire the skills and qualifications necessary for career advancement. By focusing on adult learners who may have previously struggled with traditional education paths, Duet Inc is making a meaningful difference in the lives of individuals and the communities they are part of.
This information is meant to be a general summary of Duet 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: $8,437
- Program Service Revenue: $1,150,426
- Gross Receipts: $4,938,474
Assets and Liabilities:
- Total Assets: $7,274,929
- Total Liabilities: $173,774
- Net Assets: $7,101,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$1,150,426
Organization Details
Founding Year
2018
Phone
(617) 712-2848Principal Officer
Michael Larsson
Main Address
50 MILK STREET SUITE 600, BOSTON, MA, 02110
Website
www.duet.orgNTEE Category
Code: S80 - Community improvement
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