Overview
What is The Change Reaction?
The Change Reaction is a 501(c)(3) nonprofit organization situated in Sherman Oaks, California. Established in 2019, they have forged partnerships with around 80 organizations in the greater Los Angeles area, aiming to maximize joy for donors and impact for recipients. By collaborating with these organizations, they distribute grants directly to deserving individuals facing hardships or seeking opportunities to advance their success, but lacking the necessary financial support. The Change Reaction's philosophy empowers frontline caseworkers to approve more requests for assistance, ultimately benefiting those in need. In 2022, they granted a substantial sum of $2,296,987 to these individuals. Word Count: 119
Official website here: www.changereaction.org
Is The Change Reaction legitimate?
The Change Reaction is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Change Reaction 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: $261,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $716,751
For more financial information, click here
Official website here: www.changereaction.org
What is the mission statement of The Change Reaction?
The mission of The Change Reaction is centered around a philosophy of giving that maximizes both donor joy and recipient impact. They accomplish this by directly granting funds to individuals facing hardships or seeking opportunities for growth, but lack the necessary financial support. By collaborating with established organizations, they transfer philanthropy to frontline staff, enabling them to provide more affirmative responses to those in need. Consequently, caseworkers have the ability to approve more requests, thereby making a significant difference in people's lives.
Official website here: www.changereaction.org
Who is the CEO of The Change Reaction?
Gregory F Perlman is the CEO of The Change Reaction The CEO's salary of The Change Reaction is $0 and their total compensation is $0.
Official website here: www.changereaction.org
What is the revenue of The Change Reaction?
The Change Reaction's revenue in 2023 was $2,449,809.
Official website here: www.changereaction.org
Who are the executives of The Change Reaction and what are their salaries?
The average compensation at The Change Reaction during 2023 was $122,238. There are 8 employees and 32 volunteers at The Change Reaction.
Here are 6 key members and their salaries (The Change Reaction's CEO's salary is $0 and their total compensation is $0):
- Compensation: $250,391
- Related: $0
- Other: $0
- Compensation: $213,939
- Related: $0
- Other: $0
- Compensation: $160,001
- Related: $0
- Other: $0
- Compensation: $99,175
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.changereaction.org
Where can I find the form 990 for The Change Reaction?
The Change Reaction's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.changereaction.org
Learn more at the official website: www.changereaction.org
Mission Statement of The Change Reaction
The Change Reaction, as a philanthropic philosophy, aims to deliver utmost satisfaction to donors and significant benefits to recipients. By offering direct grants, this organization supports hardworking individuals who are currently facing difficulties or have opportunities for advancement but lack the necessary financial means to succeed. The Change Reaction achieves this by collaborating with well-established organizations, enabling frontline staff to access resources previously unattainable. As a result, caseworkers are more likely to approve assistance requests from individuals in need, ensuring that their resources are utilized effectively and maximizing their impact.
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Impact
October, 2024
The Change Reaction significantly impacts individuals facing hardships by providing them with direct financial support to overcome obstacles and seize opportunities. By partnering with around 80 established organizations in the greater Los Angeles area, it effectively channels resources to those in immediate need. In 2022, the organization distributed over $2.2 million in grants, enabling caseworkers to say "yes" to clients more frequently, thus facilitating access to essential resources and services.
This approach not only empowers recipients but also fosters a sense of joy for donors, as they contribute to tangible change in their communities. The Change Reaction transforms the traditional philanthropic model by transferring the decision-making power to frontline staff who are intimately aware of the specific needs and circumstances of the individuals they serve, leading to a more responsive and impactful support system. Overall, the initiative enhances the effectiveness of social services and promotes greater equity for those striving to improve their lives.
This information is meant to be a general summary of The Change Reaction. 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: $6,500
- Gross Receipts: $2,449,809
Assets and Liabilities:
- Total Assets: $1,326,800
- Total Liabilities: $2,405
- Net Assets: $1,324,395
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Organization Details
Founding Year
2019
Principal Officer
Gregory F Perlman
Website
www.changereaction.orgNTEE Category
Code: P60 - Human services
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