Overview
What is Source Mn Inc?
Source Mn Inc is a Minneapolis, Minnesota-based nonprofit organization, with a focus on urban outreach and combating human trafficking. Their mission is to provide at-risk and overlooked individuals with a chance to depart from their past and establish a solid foundation for their future. By dedicating their efforts to this cause, Source Mn Inc aims to instill hope and opportunities within the city. As of the provided information, they have a team of 21 employees working towards this objective.
Official website here: www.sourcemn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star Rating
Source Mn Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 87% in Accountability & Finance. This high rating indicates that the organization demonstrates a strong commitment to transparency and responsible financial management, which is crucial for donor confidence and overall operational integrity.
The nonprofit showcases several strengths, including a majority independent board, effective audit and oversight processes, and no reported material diversion of assets. It also effectively manages its finances, with 91.40% of its expenses allocated to programs and a favorable liabilities-to-assets ratio of 17.46%. These metrics suggest that Source Mn Inc is well-structured and focused on its mission.
While the data is largely positive, the single beacon score may limit the overall assessment of the organization’s performance in other areas such as impact and community engagement. Nonetheless, the strong financial metrics and governance practices highlight Source Mn Inc as a trustworthy nonprofit committed to its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Source Mn Inc legitimate?
Source Mn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Source Mn 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: $134,093
Professional Fundraising Fees: $0
Other Salaries and Wages: $220,848
For more financial information, click here
Official website here: www.sourcemn.org
What is the mission statement of Source Mn Inc?
Source Mn Inc's mission is centered around assisting the at-risk and overlooked individuals. Through their urban outreach and anti-trafficking initiatives, they provide a means for these individuals to break free from their past and establish a solid foundation for their future. The organization's primary goal is to empower these individuals, enabling them to transition towards a more hopeful and opportunity-filled existence.
Official website here: www.sourcemn.org
Who is the CEO of Source Mn Inc?
Peter Wohler is the Executive Director/President of Source Mn Inc.
Official website here: www.sourcemn.org
What is the revenue of Source Mn Inc?
Source Mn Inc's revenue in 2022 was $3,487,972.
Official website here: www.sourcemn.org
Who are the executives of Source Mn Inc and what are their salaries?
The average compensation at Source Mn Inc during 2022 was $16,902. There are 21 employees and 901 volunteers at Source Mn Inc.
Here are 7 key members and their salaries:
- Compensation: $50,500
- Related: $0
- Other: $48,876
- Compensation: $32,500
- Related: $0
- Other: $5,981
- Compensation: $0
- 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.sourcemn.org
Where can I find the form 990 for Source Mn Inc?
Source Mn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sourcemn.org
Learn more at the official website: www.sourcemn.org
Mission Statement of Source Mn Inc
Source Mn Inc, a nonprofit organization, is committed to extending hope and opportunities to the city's at-risk and unreached individuals. Their mission is multifaceted, primarily focusing on urban outreach and anti-trafficking initiatives. Through these efforts, Source Mn Inc aims to empower these individuals, helping them to break free from their past struggles and establish solid foundations for their future. By providing support and resources, Source Mn Inc enables these individuals to overcome their challenges and build a brighter, more promising life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Source Mn Inc's impact is significant in the city of Minneapolis, where it brings hope and opportunity to the at-risk and unreached populations. Through its urban outreach and anti-trafficking efforts, Source empowers individuals to break free from their past circumstances and build strong foundations for their future. This organization plays a vital role in supporting and uplifting those in need within the community, making a positive difference in the lives of many individuals.
This information is meant to be a general summary of Source Mn 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: $558
- Gross Receipts: $3,706,993
Assets and Liabilities:
- Total Assets: $3,344,409
- Total Liabilities: $967,680
- Net Assets: $2,376,729
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1987
Phone
(612) 822-5200Principal Officer
Peter Wohler
Main Address
PO Box 8212, Minneapolis, MN, 55408
Website
www.sourcemn.orgNTEE Category
Code: X20 - Religion related
If you are a representative of Source Mn Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.