Overview
What is Wabisabi Inc?
Wabisabi Inc, located in Moab, Utah, is a dedicated nonprofit organization focused on amplifying the community impact of local charities. The organization accomplishes this by providing financial support, resources, and mentorship through its Nonprofit Partner Program and Make-A-Difference Funds. The proceeds from their thrift store and an annual free community Thanksgiving meal are key sources of funding for these initiatives. In response to the COVID-19 pandemic, Wabisabi Inc also distributed relief funds to local nonprofits affected by the crisis. With a workforce of 48 individuals, Wabisabi Inc is an essential player in enhancing the welfare of its community.
Official website here: www.wabisabimoab.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Wabisabi Inc has received a commendable Three-Star rating from Charity Navigator, reflecting a solid level of accountability and transparency within its operations. The organization demonstrates strong leadership and adaptability, scoring a perfect 100 in these areas. Additionally, it boasts a high impact measurement score of 88, indicating effective program outcomes and a commitment to continuous improvement.
With an impressive program expense ratio of 80.65%, Wabisabi Inc allocates a significant portion of its funds directly to its programs, which is a positive sign for potential donors. The organization benefits from a fully independent board, ensuring that governance is free from conflicts of interest. Moreover, the charity shows effective feedback collection and usage practices, scoring 100 in both categories, which highlights its openness to community input.
Despite its strengths, one area for improvement is its overall accountability and finance score of 69. While this is a respectable figure, it suggests that there may be some room for enhancement in financial management and transparency practices. Nonetheless, Wabisabi Inc's proactive approach to community engagement and strong leadership positions it well for future growth and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Wabisabi Inc legitimate?
Wabisabi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wabisabi 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: $67,711
Professional Fundraising Fees: $0
Other Salaries and Wages: $259,071
For more financial information, click here
Official website here: www.wabisabimoab.org
What is the mission statement of Wabisabi Inc?
Wabisabi Inc's mission is centered around enhancing the community impact of local nonprofit organizations. They achieve this by offering financial support, resources, and mentorship. The organization raises funds for local nonprofits through its Nonprofit Partner Program and Make-A-Difference Funds, utilizing proceeds from its thrift store and an annual community Thanksgiving meal. Wabisabi Inc also provides COVID-19 relief funds to local nonprofits impacted by the pandemic. In essence, their mission is to strengthen the capacity and reach of local nonprofit organizations.
Official website here: www.wabisabimoab.org
What is the revenue of Wabisabi Inc?
Wabisabi Inc's revenue in 2023 was $618,959.
Official website here: www.wabisabimoab.org
Who are the executives of Wabisabi Inc and what are their salaries?
The average compensation at Wabisabi Inc during 2023 was $11,268. There are 29 employees and 100 volunteers at Wabisabi Inc.
Here are 10 key members and their salaries:
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- Compensation: $62,859
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- Other: $4,852
Official website here: www.wabisabimoab.org
Where can I find the form 990 for Wabisabi Inc?
Wabisabi Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wabisabimoab.org
Learn more at the official website: www.wabisabimoab.org
Mission Statement of Wabisabi Inc
Wabisabi Inc, a nonprofit organization, is dedicated to enhancing the community impact of local charities. They achieve this mission by providing three essential resources: funds, materials, and mentorship. Wabisabi's nonprofit partner program and Make-a-Difference funds are key to raising awareness and supplying financial aid to these organizations. Additionally, the proceeds from their thrift store and an annual free community Thanksgiving meal contribute to these initiatives. In response to the pandemic, Wabisabi also distributed COVID-19 relief funds to affected local nonprofits. This philanthropic organization seeks to amplify the reach and effectiveness of local charities, contributing to a more supportive and thriving community.
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Impact
July, 2024
Wabisabi Inc's impact is strongly felt in the community of Moab, Utah. By providing money, materials, and mentorship to local Wabisabi IncS through its partner program and Make-A-Difference funds, Wabisabi Inc is instrumental in amplifying the community impact of these organizations. The organization raises awareness and funds through its thrift store proceeds and an annual free community Thanksgiving meal, showcasing a commitment to supporting and uplifting local Wabisabi IncS.
In addition, Wabisabi Inc stepped up during the COVID-19 pandemic by providing relief funds to local Wabisabi IncS that were significantly impacted. This demonstrates the organization's adaptability and dedication to addressing emerging community needs. Wabisabi Inc's mission to increase the effectiveness of local Wabisabi IncS through financial support and resources makes a tangible difference in the lives of those it serves, embodying the spirit of human services at its core.
This information is meant to be a general summary of Wabisabi 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 2023.
- Investment Income: $7,515
- Gross Receipts: $618,959
Assets and Liabilities:
- Total Assets: $305,148
- Total Liabilities: $9,434
- Net Assets: $295,714
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Organization Details
Founding Year
2002
Principal Officer
Leah Bear
Website
www.wabisabimoab.orgNTEE Category
Code: P29 - Human services
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