Overview
What is True Colors United Inc?
True Colors United Inc, located in New York, New York, is a dedicated nonprofit organization that advocates for LGBTQ youth experiencing homelessness. They operate on both local and national levels, giving this vulnerable population a voice in government policies. Their mission involves implementing innovative solutions tailored to the experiences of LGBTQ young people, ensuring essential social services are adequately funded and protecting these individuals. Their initiatives include projects like the Administrative Public Policy Project, Legislative Public Policy Project, and the State Index on Youth Homelessness. True Colors United also engages the public in ending homelessness among LGBTQ and BIPOC youth, encouraging them to be true to themselves through campaigns like #TrueColorsDay and the Safe Home Campaign with the United Nations Human Rights Office. With a team of 27 dedicated employees, True Colors United strives to create a world where these young individuals can live freely and without fear of discrimination.
Official website here: www.truecolorsunited.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
True Colors United Inc has achieved a high rating, reflecting its strong accountability and financial management practices. With 100% independent board members and no material diversion of assets, the organization demonstrates a commitment to transparency and responsible governance. The high program expense ratio of 85.18% indicates that a significant majority of its resources are directed towards its mission.
While True Colors United excels in many areas, it does have some noted limitations. The absence of a whistleblower policy and a document retention and destruction policy could be seen as gaps in its governance practices. Nonetheless, the organization maintains robust financial practices, including an impressive fundraising efficiency ratio of $0.05, showcasing its ability to minimize fundraising costs.
Additionally, the organization's culture and community scores reflect a strong commitment to equity strategies, achieving a score of 95 out of 100. This indicates a proactive approach towards inclusivity and support for the communities it serves. Overall, True Colors United Inc stands out for its financial health and commitment to its mission, despite some governance areas that could be improved.
This AI summary has been generated from information found on Charity Navigator.
Is True Colors United Inc legitimate?
True Colors United Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. True Colors United 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: $364,398
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,110,273
For more financial information, click here
Official website here: www.truecolorsunited.org
What is the mission statement of True Colors United Inc?
True Colors United Inc focuses on innovative solutions to combat youth homelessness, specifically addressing the unique experiences of LGBTQ young people. Their mission is to implement these solutions through advocacy efforts in Washington D.C. and various state capitals, ensuring that LGBTQ youth have a voice in government and that essential social services are properly funded and inclusive. The organization also engages the public to take action against homelessness among LGBTQ and BIPOC youth, aiming to create a world where they can live as their true selves. Projects such as the Administrative Public Policy Project, Legislative Public Policy Project, #TrueColorsDay, and the Safe Home Campaign with the United Nations Human Rights Office are part of their initiatives to inspire, engage, and empower the community.
Official website here: www.truecolorsunited.org
Who is the CEO of True Colors United Inc?
Dylan Waguespack is the CEO of True Colors United Inc The CEO's salary of True Colors United Inc is $185,000 and their total compensation is $250,022.
Official website here: www.truecolorsunited.org
What is the revenue of True Colors United Inc?
True Colors United Inc's revenue in 2023 was $3,386,191.
Official website here: www.truecolorsunited.org
Who are the executives of True Colors United Inc and what are their salaries?
The average compensation at True Colors United Inc during 2023 was $56,718. There are 26 employees and 10 volunteers at True Colors United Inc.
Here are 14 key members and their salaries (True Colors United Inc's CEO's salary is $185,000 and their total compensation is $250,022):
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- Compensation: $125,000
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- Other: $38,410
- Compensation: $185,000
- Related: $0
- Other: $65,022
- Compensation: $158,413
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- Other: $36,381
- Compensation: $151,023
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- Compensation: $113,972
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- Compensation: $104,053
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- Compensation: $158,286
- Related: $0
- Other: $11,318
Official website here: www.truecolorsunited.org
Where can I find the form 990 for True Colors United Inc?
True Colors United Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.truecolorsunited.org
Learn more at the official website: www.truecolorsunited.org
Mission Statement of True Colors United Inc
True Colors United Inc is dedicated to providing innovative solutions to youth homelessness, with a focus on the unique experiences of LGBTQ young people. Their mission is to implement strategies that cater to the specific challenges faced by this vulnerable population, ensuring they have a voice in government and access to necessary resources. True Colors United works tirelessly in Washington D.C. and state capitals across the nation, advocating for policies that provide adequate funding for vital social services and protect LGBTQ+ and BIPOC youth.
Their advocacy efforts encompass various projects, such as the Administrative Public Policy Project, Legislative Public Policy Project, and the State Index on Youth Homelessness. These initiatives aim to foster an environment where these young individuals can express their concerns and influence policy decisions that directly impact their well-being. In addition to advocacy, True Colors United also seeks to engage and empower the public by inspiring action against homelessness among LGBTQ+ and BIPOC youth. They have launched projects like #TrueColorsDay and the Safe Home Campaign with the United Nations Human Rights Office, encouraging public involvement in ending this issue and fostering a world where these young people can live autonomously, embracing their true identities.
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Impact
July, 2024
True Colors United Inc is dedicated to implementing innovative solutions to youth homelessness, with a particular focus on the experiences of LGBTQ young people. Through advocacy efforts in Washington D.C. and state capitols across the country, the organization ensures that LGBTQ youth experiencing homelessness have a voice in government and that strong public policies are in place to properly fund vital social services and protect LGBTQ+ and BIPOC youth.
Their projects, such as the Administrative Public Policy Project, Legislative Public Policy Project, and the State Index on Youth Homelessness, contribute to shaping policies that address the unique challenges faced by LGBTQ youth experiencing homelessness. True Colors United also works to inspire, engage, and empower the public to join the fight against youth homelessness, specifically among LGBTQ+ and BIPOC youth, creating a world where everyone can be their true selves.
Through initiatives like #TrueColorsDay and the Safe Home Campaign with the United Nations Human Rights Office, True Colors United is making a tangible impact by raising awareness, mobilizing support, and driving action to end homelessness among LGBTQ+ and BIPOC youth. Their work aligns with their mission to champion civil rights and ensure that all young people have the opportunity to thrive in safe and supportive environments.
This information is meant to be a general summary of True Colors United 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: $29,442
- Gross Receipts: $3,386,191
Assets and Liabilities:
- Total Assets: $4,732,629
- Total Liabilities: $242,266
- Net Assets: $4,490,363
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Organization Details
Founding Year
2010
Principal Officer
Ann Oliva
Website
www.truecolorsunited.orgNTEE Category
Code: R26 - Civil rights
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