Overview
What is Dispute Resolution Board Foundation?
The Dispute Resolution Board Foundation, situated in Charlotte, North Carolina, is a nonprofit organization dedicated to fostering the resolution of construction disputes. They achieve this goal by mobilizing individuals and offering educational resources and services through dispute review boards. The organization's mission is to promote constructive dispute resolution methods within the construction sector, thereby contributing to a more harmonious and efficient industry environment.
Official website here: www.drb.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
The Dispute Resolution Board Foundation scored 52% overall, earning a One-Star rating, which indicates significant concerns regarding its financial health and operational effectiveness. While the organization demonstrates strong governance practices, including a fully independent board and solid financial policies, the overall financial performance raises red flags.
Strengths of the foundation include a high level of accountability with 100% independent board members and comprehensive financial statements. Additionally, the organization has implemented policies for conflict of interest and whistleblower protections, reflecting a commitment to ethical governance. However, the significant liabilities to assets ratio of 27.05% and a low program expense ratio of 46.50% indicate that a large portion of its resources may not be directed towards its core mission.
Overall, the Dispute Resolution Board Foundation exhibits strengths in governance and transparency but faces challenges that may impact its sustainability and effectiveness in carrying out its mission. Stakeholders should consider these factors when assessing the organization’s impact.
This AI summary has been generated from information found on Charity Navigator.
Is Dispute Resolution Board Foundation legitimate?
Dispute Resolution Board Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dispute Resolution Board Foundation 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: $123,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,287
For more financial information, click here
Official website here: www.drb.org/
What is the mission statement of Dispute Resolution Board Foundation?
The Dispute Resolution Board Foundation is committed to promoting the resolution of construction disputes by advocating for the use of dispute review boards. They achieve this goal by offering educational materials and services, aiming to educate individuals in this field. The foundation's activities are geared towards fostering a culture of dispute resolution, ultimately contributing to the efficient and effective management of construction projects.
Official website here: www.drb.org/
Who is the CEO of Dispute Resolution Board Foundation?
Ann Russo is the Executive Director of Dispute Resolution Board Foundation.
Official website here: www.drb.org/
What is the revenue of Dispute Resolution Board Foundation?
Dispute Resolution Board Foundation's revenue in 2022 was $684,592.
Official website here: www.drb.org/
Who are the executives of Dispute Resolution Board Foundation and what are their salaries?
The average compensation at Dispute Resolution Board Foundation during 2022 was $106,918. There are 2 employees and 100 volunteers at Dispute Resolution Board Foundation.
Here are 8 key members and their salaries:
- Compensation: $123,550
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- Other: $0
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Official website here: www.drb.org/
Where can I find the form 990 for Dispute Resolution Board Foundation?
Dispute Resolution Board Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.drb.org/
Learn more at the official website: www.drb.org/
Mission Statement of Dispute Resolution Board Foundation
The Dispute Resolution Board Foundation, in its mission, gathers individuals with a shared interest in resolving construction disputes. Employing dispute review boards, this nonprofit organization offers educational materials and services as a means to promote resolution. By doing so, it contributes to the broader goal of mitigating conflicts that often arise in the construction industry. The foundation's work serves as a valuable resource, providing valuable insights and tools to those involved in the field.
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Impact
July, 2024
The Dispute Resolution Board Foundation plays a crucial role in advancing the resolution of construction disputes by promoting the use of dispute review boards and providing educational materials and services. Its impact can be seen in equipping individuals and organizations with the knowledge and resources necessary to effectively resolve conflicts in the construction industry. Through its activities, the foundation contributes to enhancing dispute resolution practices and fostering better outcomes for construction projects.
This information is meant to be a general summary of Dispute Resolution Board Foundation. 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: $360
- Program Service Revenue: $456,669
- Gross Receipts: $684,592
Assets and Liabilities:
- Total Assets: $825,009
- Total Liabilities: $223,173
- Net Assets: $601,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIP
Revenue
$93,000
TRAINING
Revenue
$100,618
WORKSHOPS/CONFERENCES
Revenue
$263,051
Organization Details
Founding Year
1996
Phone
(980) 265-2367Principal Officer
Ann Russo
Main Address
3440 Toringdon Way 205, Charlotte, NC, 28277
Website
www.drb.org/NTEE Category
Code: B03 - Education
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