Overview
What is Institute For Positive Living?
The Institute for Positive Living, located in Chicago, Illinois, is a nonprofit organization with a focus on enhancing the quality of community life. Their primary program, the Open Book Program, aims to foster a love of reading and cultivate an appreciation for the world of ideas. The organization has a special commitment to assisting families residing in low-income communities in Chicago, helping them overcome educational, social, and economic challenges. With a workforce of just three individuals, the Institute for Positive Living strives to make a significant impact in its local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Institute For Positive Living has received a rating of 82%, which translates to a Three-Star designation, indicating a solid performance in terms of accountability and financial health. The rating is derived solely from its accountability and finance beacon, highlighting the organization’s commitment to transparency and responsible management of funds.
The charity boasts a fully independent board with eight out of eight points for board member independence, which suggests a strong governance structure. Additionally, it has received full points for its audit and oversight practices, conflict of interest policy, and whistleblower policy, reflecting a commitment to ethical standards and operational integrity. The program expense ratio is notably high at 93.36%, indicating that a significant portion of its expenses goes directly toward its programs.
However, the liabilities to assets ratio stands at 65.51%, which may raise some concerns about financial stability. While the organization excels in many areas, potential donors and stakeholders should keep this figure in mind when evaluating the overall financial health and sustainability of the Institute For Positive Living.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For Positive Living legitimate?
Institute For Positive Living is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Positive Living 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: $247,361
For more financial information, click here
What is the mission statement of Institute For Positive Living?
The Institute for Positive Living's mission is centered around enhancing the quality of community life. It specifically targets families residing in low-income communities in Chicago, providing assistance in overcoming educational, social, and economic challenges they may face. The organization's primary goal is to foster a love of reading and develop an appreciation for the world of ideas through its Open Book Program. This initiative aims to empower these families and contribute positively to their community life.
Who is the CEO of Institute For Positive Living?
Marrice Coverson is the Finance Director of Institute For Positive Living.
What is the revenue of Institute For Positive Living?
Institute For Positive Living's revenue in 2023 was $520,677.
Who are the executives of Institute For Positive Living and what are their salaries?
The average compensation at Institute For Positive Living during 2023 was $82,454. There are 3 employees at Institute For Positive Living.
Here are 9 key members and their salaries:
- Compensation: $65,000
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- Other: $0
- Compensation: $47,500
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Institute For Positive Living?
Institute For Positive Living's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Institute For Positive Living
The Institute for Positive Living is committed to enhancing the quality of community life, with a particular focus on supporting families residing in low-income communities in Chicago. Their mission is centered around assisting these families in overcoming challenges related to education, social issues, and economic hardships.
In pursuit of this mission, the Institute for Positive Living has developed the Open Book Program, which aims to foster a love of reading and an appreciation for the world of ideas. This program is designed to be a powerful tool in empowering individuals and families, providing them with the necessary resources to navigate the complexities of their environment. By promoting literacy and critical thinking, the Institute for Positive Living seeks to equip these families with the skills they need to overcome their challenges and improve their lives.
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Impact
July, 2024
The Institute For Positive Living has made a significant impact in low-income Chicago communities by promoting the quality of community life and assisting families in solving educational, social, and economic challenges. Through its primary program, the Open Book Program, the organization has successfully fostered a love of reading and cultivated an appreciation for the world of ideas among community members. This has helped empower individuals with knowledge and skills that can lead to improved opportunities and outcomes in their lives. Additionally, the Institute For Positive Living's dedication to serving as a valuable resource for human services underscores its commitment to uplifting and supporting those in need.
This information is meant to be a general summary of Institute For Positive Living. 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: $188
- Gross Receipts: $520,677
Assets and Liabilities:
- Total Assets: $146,386
- Total Liabilities: $95,899
- Net Assets: $50,487
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Organization Details
Founding Year
1987
Principal Officer
Marrice Coverson
Main Address
435 East 35th Street, Chicago, IL, 60616
NTEE Category
Code: P20 - Human services
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