Overview
What is Partners Worldwide?
Partners Worldwide is a compassionate nonprofit organization based in Grand Rapids, Michigan. Their primary mission is to foster global partnerships, specifically focusing on business growth and job creation. By leveraging a strategic model of mentorship, training, loan capital, and advocacy, they aim to alleviate poverty. In the 2021/2022 period alone, these collaborative efforts led to the creation of 13,969 new jobs and the retention of 271,169 existing ones. With 25 dedicated employees, Partners Worldwide continues to make a significant impact on people's lives worldwide.
Official website here: www.partnersworldwide.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
Partners Worldwide demonstrates exceptional financial health and accountability, earning a perfect score of 100% in Accountability & Finance from Charity Navigator. This rating reflects the organization's commitment to maintaining a robust governance structure, with a fully independent board comprised of 14 members. The charity adheres to high standards for financial oversight, having no reported material diversion of assets and a solid audit and oversight committee.
The organization allocates a significant portion of its budget to programs, with a program expense ratio of 79.66%, indicating an effective use of resources towards its mission. Additionally, its fundraising efficiency ratio of $0.10 shows a strong capacity for raising funds relative to the expenses incurred, further enhancing its financial credibility. Partners Worldwide's prudent financial management is evidenced by a low liabilities to assets ratio of 6.85%, ensuring it operates with financial stability.
While the summary highlights the strengths of Partners Worldwide, there are no specific limitations or areas for improvement noted in the data provided. Overall, the charity's exemplary rating underscores its reliability and effectiveness as a nonprofit organization committed to making a positive impact.
This AI summary has been generated from information found on Charity Navigator.
Is Partners Worldwide legitimate?
Partners Worldwide is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partners Worldwide 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: $236,607
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,928,582
For more financial information, click here
Official website here: www.partnersworldwide.org
What is the mission statement of Partners Worldwide?
Partners Worldwide's mission involves establishing global collaborations, primarily focused on stimulating business expansion and job creation. Their goal is to foster these partnerships between business and professional individuals, aiming to positively impact the lives of all involved parties. The organization provides facilitative assistance to these partnerships through a strategic approach that encompasses mentoring, training, loan capital, and advocacy. The outcomes of these partnerships have been substantial, leading to the creation of 13,969 jobs in the recent 2021/2022 period and the retention of 271,169 existing jobs.
Official website here: www.partnersworldwide.org
Who is the CEO of Partners Worldwide?
Bob Vryhof is the Board Chair (Part Year) / Vice Pres. of Partners Worldwide. The CEO's salary of Partners Worldwide is $117,023 and their total compensation is $141,961.
Official website here: www.partnersworldwide.org
What is the revenue of Partners Worldwide?
Partners Worldwide's revenue in 2022 was $6,035,983.
Official website here: www.partnersworldwide.org
Who are the executives of Partners Worldwide and what are their salaries?
The average compensation at Partners Worldwide during 2022 was $86,608. There are 25 employees and 90 volunteers at Partners Worldwide.
Here are 15 key members and their salaries (Partners Worldwide's CEO's salary is $117,023 and their total compensation is $141,961):
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- Compensation: $117,023
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- Other: $24,938
- Compensation: $70,549
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- Other: $21,699
Official website here: www.partnersworldwide.org
Where can I find the form 990 for Partners Worldwide?
Partners Worldwide's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.partnersworldwide.org
Learn more at the official website: www.partnersworldwide.org
Mission Statement of Partners Worldwide
Partners Worldwide, an organization dedicated to alleviating poverty, focuses on fostering global partnerships centered around business growth and job creation. Their mission is to connect business and professional individuals worldwide, forming partnerships that transcend geographical boundaries. These partnerships serve as a catalyst for transformation, improving the lives of all those involved. Partners Worldwide supports these partnerships through a comprehensive model that includes mentoring, training, loan capital, and advocacy. This strategic approach has resulted in the creation of 13,969 jobs in the recent 2021/2022 period and the retention of a substantial 271,169 jobs. This nonprofit organization's mission is to leverage the power of business networks and professional collaborations to drive economic development and uplift communities worldwide.
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Impact
July, 2024
Partners Worldwide's impact can be seen in the creation of 13,969 jobs in 2021/2022 and the retention of 271,169 jobs. Through building relational partnerships between business individuals worldwide, focused on business growth and job creation, Partners Worldwide effectively contributes to alleviating poverty and transforming lives. Their model of mentoring, training, loan capital, and advocacy provides facilitation support to these partnerships, leading to tangible outcomes that benefit individuals and communities globally.
This information is meant to be a general summary of Partners Worldwide. 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: $745,016
- Program Service Revenue: $47,587
- Gross Receipts: $6,404,582
Assets and Liabilities:
- Total Assets: $17,150,943
- Total Liabilities: $1,358,991
- Net Assets: $15,791,952
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Mgmt Fee - Related Org
Revenue
$39,262
Conference Income
Revenue
$8,325
Organization Details
Founding Year
1997
Phone
(616) 238-0728Principal Officer
Bob Vryhof
Main Address
6139 Tahoe Drive SE, Grand Rapids, MI, 495467126
Website
www.partnersworldwide.orgNTEE Category
Code: Q320 - International
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