Overview
What is Worldwide Inventory Network Inc?
Worldwide Inventory Network Inc, located in St. Louis, Missouri, is a participating 501(c)3 organization that manages excess inventory items from donor companies. The nonprofit collects and redistributes these donations to other tax-exempt organizations for a small management fee, which is a fraction of the donated value. The organization's mission is to distribute donated assets to other tax-exempt organizations. With a team of nine employees, Worldwide Inventory Network Inc plays an essential role in facilitating charitable giving and resource redistribution within the nonprofit sector.
Official website here: www.winwarehouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star Rating
Worldwide Inventory Network Inc has received a commendable Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. With an overall score of 85%, the organization demonstrates a solid commitment to transparency and effective use of funds, as evidenced by its high program expense ratio of 98.89% and zero liabilities to assets ratio.
The organization excels in governance, showcasing 66% independent board members and upholding comprehensive policies such as conflict of interest and whistleblower protections. Furthermore, the absence of any material diversion of assets highlights its ethical financial management. However, a notable limitation is the lack of financial statements, which could hinder transparency regarding its financial health.
Overall, while Worldwide Inventory Network Inc scores well in many areas, the missing financial statements may raise concerns for potential donors seeking detailed insights into the organization's financial activities. Nonetheless, the high program expense ratio and robust governance practices signify its dedication to fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Worldwide Inventory Network Inc legitimate?
Worldwide Inventory Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worldwide Inventory Network 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: $319,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $247,680
For more financial information, click here
Official website here: www.winwarehouse.org
What is the mission statement of Worldwide Inventory Network Inc?
Worldwide Inventory Network Inc serves as a distributor of donated assets to tax-exempt organizations. Their primary activity involves managing and redistributing excess inventory items from donor companies to eligible charities. By doing so, they facilitate the transfer of valuable resources, enabling these organizations to continue their mission and serve their communities effectively. The company's role helps bridge the gap between businesses and charities, ensuring that donated assets reach those in need. Worldwide Inventory Network Inc's mission aligns with the spirit of giving and collaboration, contributing significantly to the non-profit sector.
Official website here: www.winwarehouse.org
Who is the CEO of Worldwide Inventory Network Inc?
Travis Laws is the Director of Worldwide Inventory Network Inc.
Official website here: www.winwarehouse.org
What is the revenue of Worldwide Inventory Network Inc?
Worldwide Inventory Network Inc's revenue in 2022 was $23,598,488.
Official website here: www.winwarehouse.org
Who are the executives of Worldwide Inventory Network Inc and what are their salaries?
The average compensation at Worldwide Inventory Network Inc during 2022 was $63,070. There are 9 employees at Worldwide Inventory Network Inc.
Here are 7 key members and their salaries:
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- Compensation: $105,000
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- Compensation: $214,950
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- Other: $0
Official website here: www.winwarehouse.org
Where can I find the form 990 for Worldwide Inventory Network Inc?
Worldwide Inventory Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.winwarehouse.org
Learn more at the official website: www.winwarehouse.org
Mission Statement of Worldwide Inventory Network Inc
Worldwide Inventory Network Inc, a participating 501(C)3 organization, plays a unique role in the charitable sector. Its mission is centered around distributing donated assets to other tax-exempt organizations.
In essence, Worldwide Inventory Network Inc serves as a bridge, connecting businesses with excess inventory to deserving non-profits. Companies donate their surplus goods to the network, and in return, they pay a small management fee. This fee is a fraction of the donated value, ensuring that the non-profits reap the majority of the benefits.
Worldwide Inventory Network Inc's activities are rooted in efficiency and sustainability. The donated inventory items are carefully managed and redistributed to various tax-exempt organizations, bringing value to their causes without incurring significant costs. The network's efforts help these organizations strengthen their programs and reach more people in need.
Through this process, Worldwide Inventory Network Inc fosters a spirit of giving and collaboration, creating a win-win situation for both the donating companies and the recipient non-profits. The organization's mission is integral in ensuring that valuable resources find their way to those who can make a difference in the world.
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Impact
October, 2024
Worldwide Inventory Network Inc plays a crucial role in facilitating the distribution of donated assets to tax-exempt organizations. By connecting donor companies with participating 501(c)(3) organizations, it enables the efficient transfer of excess inventory, ensuring that valuable resources are channeled to where they are most needed.
The organization operates by implementing a shared management fee model, allowing these transactions to occur at a fraction of the donated value. This system not only maximizes the impact of each contribution but also ensures that the receiving organizations can acquire necessary goods without the burden of significant costs.
Based in St. Louis, MO, Worldwide Inventory Network Inc significantly enhances the philanthropic landscape by promoting resource redistribution, thereby supporting a wide array of charitable activities and helping to bolster communities in need. Their focus on collaboration with other tax-exempt groups amplifies the effect of giving, enabling a more effective response to various social challenges.
This information is meant to be a general summary of Worldwide Inventory Network 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: $12,560
- Program Service Revenue: $1,487,374
- Gross Receipts: $23,598,488
Assets and Liabilities:
- Total Assets: $151,921,571
- Total Liabilities: $1,090,560
- Net Assets: $150,831,011
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED MANAGEMENT FEES
Revenue
$1,487,374
Organization Details
Founding Year
1991
Phone
(314) 385-3006Principal Officer
Travis Laws
Main Address
5100 SAN FRANCISCO AVENUE, ST LOUIS, MO, 63115
Website
www.winwarehouse.orgNTEE Category
Code: T700 - Philanthropy
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