Overview
What is Type One Inc?
Type One Inc, established in Hingham, Massachusetts, is a dedicated nonprofit organization that focuses on a particular disease. Their primary objective is to advance diabetes education and research. By providing education, they aim to empower individuals and families affected by diabetes, while their research efforts seek to uncover new insights and potential treatments. The organization's commitment to this cause extends beyond the boundaries of Hingham, reaching out to communities in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (44%)
Type One Inc has received a Zero-Star out of Four Star rating from Charity Navigator, primarily due to its low Accountability & Finance score of 44%. This indicates significant concerns regarding the organization’s financial health and management practices. The assessment exclusively considers the Accountability & Finance metrics without factoring in Leadership & Adaptability, Culture & Community, or Impact & Measurement, potentially limiting the scope of the evaluation.
Strengths identified in the rating include a fully independent board, with all members meeting independence criteria. The organization has also established policies such as Conflict of Interest, Whistleblower, and Document Retention, which are positive indicators of governance. However, there are notable weaknesses, particularly regarding its financial ratios, such as a concerning liabilities to assets ratio of 104.96% and an alarmingly low program expense ratio of 1.28%, which raises questions about its operational effectiveness and commitment to its mission.
Overall, while Type One Inc has some strong governance practices in place, the critical financial indicators and lack of transparency, such as missing information on its website, are significant limitations that potential donors and stakeholders should consider. More robust financial management and transparency efforts are needed for the organization to improve its standing and effectively fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Type One Inc legitimate?
Type One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Type One 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: $0
Professional Fundraising Fees: $25,145
Other Salaries and Wages: $17,355
For more financial information, click here
What is the mission statement of Type One Inc?
Type One Inc is an organization dedicated to addressing a particular disease, with a primary focus on diabetes education and research. Their mission is to contribute to the understanding and management of diabetes by promoting educational resources and conducting relevant research. By doing so, they aim to improve the lives of those affected by diabetes and contribute to the broader scientific community's understanding of the disease. Their activities may include providing educational materials, funding research projects, and collaborating with healthcare professionals and other organizations in the field.
Who is the CEO of Type One Inc?
Paul Foti is the President of Type One Inc.
What is the revenue of Type One Inc?
Type One Inc's revenue in 2023 was $151,244.
Who are the executives of Type One Inc and what are their salaries?
The average compensation at Type One Inc during 2023 was $964. There are 18 employees at Type One Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Type One Inc?
Type One Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Type One Inc
Type One Inc, a nonprofit organization, is dedicated to combat diabetes through education and research. This organization, with a focus on a specific disease, aims to contribute significantly to the understanding and management of diabetes. By prioritizing both education and research, Type One Inc strives to equip individuals with the knowledge needed to manage their condition effectively and to advance the medical field's understanding of diabetes. This mission is crucial in the ongoing battle against diabetes and its impact on people's lives.
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Impact
October, 2024
Type One Inc has a significant impact on the community by providing vital education and research focused on diabetes. Located in Hingham, MA, the organization aims to improve the understanding and management of this chronic disease. Through its educational programs, Type One Inc empowers individuals and families affected by diabetes with the knowledge and resources they need to navigate daily challenges.
Additionally, the research initiatives undertaken by Type One Inc contribute to the broader understanding of diabetes, fostering advancements that can lead to better treatment options and improved quality of life for those living with the condition. By addressing both education and research, Type One Inc plays a crucial role in enhancing awareness, promoting healthy living, and driving progress in the field of diabetes care.
This information is meant to be a general summary of Type One 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.
- Gross Receipts: $176,389
Assets and Liabilities:
- Total Assets: $1,029,231
- Total Liabilities: $969,576
- Net Assets: $59,655
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Organization Details
Founding Year
2017
Phone
(617) 750-3681Principal Officer
Paul Foti
Main Address
550 Main St, Hingham, MA, 02043
NTEE Category
Code: G80 - Disease
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