Overview
What is Social Performance Task Force Inc?
The Social Performance Task Force Inc is a nonprofit organization dedicated to fostering responsible and ethical business practices within the global microfinance sector. Their primary mission is to empower stakeholders in inclusive finance to establish and adopt Universal Standards for Social Performance Management. By doing so, they aim to promote effective social performance management across the industry, ultimately leading to improved social outcomes for their clients. These standards encompass various aspects, such as environmental sustainability, client protection, and financial viability, ensuring that financial service providers operate ethically and responsibly.
Official website here: www.cerise-sptf.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 87% (Three-Star out of Four Stars)
Social Performance Task Force Inc has received a solid Three-Star rating, reflecting its strong performance in Accountability & Finance. The organization scored an impressive 87% in this category, which is based on a variety of factors demonstrating its financial health and governance practices. A key highlight includes the fact that all board members are independent, which suggests a commitment to transparent and unbiased decision-making.
The organization excels in maintaining low liabilities compared to its assets, with a ratio of 11.63%, and allocates a significant majority of its expenses (91%) toward its programs. This indicates a strong focus on its mission-driven work rather than administrative costs. Additionally, the presence of robust policies such as conflict of interest and whistleblower protections enhances its governance framework.
While there are no significant limitations noted, the rating is derived solely from the Accountability & Finance beacon, which means other performance areas may not have been assessed. This focus suggests a need for potential donors to consider other factors when evaluating the organization's overall effectiveness and impact on its target community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Social Performance Task Force Inc?
100% of reviewers on Facebook recommend Social Performance Task Force Inc. Here is a summary of their reviews:
The feedback highlights a strong endorsement for the organization's services and commitment to customer protection. One reviewer expressed gratitude for the support they received, which suggests that beneficiaries feel positively about the assistance provided.
Overall, the sentiment is overwhelmingly favorable, indicating that the nonprofit effectively meets the needs of its users and fosters a sense of trust and gratitude within its community.
This AI summary has been generated from reviews found on Facebook.
Is Social Performance Task Force Inc legitimate?
Social Performance Task Force Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Performance Task Force 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: $384,267
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,123
For more financial information, click here
Official website here: www.cerise-sptf.org
What is the mission statement of Social Performance Task Force Inc?
The Social Performance Task Force Inc's mission is to empower stakeholders in the inclusive finance sector to develop and implement Universal Standards for Social Performance Management. This aim is to foster responsible and ethical business practices among financial service providers globally, promoting effective social performance management across the microfinance industry. The organization's goal is to encourage responsible and ethical business conduct, ultimately leading to positive societal impact.
Official website here: www.cerise-sptf.org
What is the revenue of Social Performance Task Force Inc?
Social Performance Task Force Inc's revenue in 2023 was $849,399.
Official website here: www.cerise-sptf.org
Who are the executives of Social Performance Task Force Inc and what are their salaries?
The average compensation at Social Performance Task Force Inc during 2023 was $158,130. There are 3 employees at Social Performance Task Force Inc.
Here are 16 key members and their salaries:
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- Compensation: $198,463
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- Compensation: $174,301
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- Other: $5,464
Official website here: www.cerise-sptf.org
Where can I find the form 990 for Social Performance Task Force Inc?
Social Performance Task Force Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cerise-sptf.org
Learn more at the official website: www.cerise-sptf.org
Mission Statement of Social Performance Task Force Inc
The Social Performance Task Force, as an organization, is committed to a mission that empowers stakeholders in the inclusive finance sector to establish and implement Universal Standards for Social Performance Management. This mission aims to foster responsible and ethical business practices among financial service providers globally, promoting a more equitable and inclusive finance industry. By advocating for these universal standards, the Social Performance Task Force seeks to empower its stakeholders to make meaningful contributions to society while maintaining their operations.
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Impact
July, 2024
The impact of Social Performance Task Force Inc is significant in promoting and supporting effective social performance management standards throughout the global microfinance industry. By advocating for and implementing Universal Standards for Social Performance Management, this organization plays a crucial role in fostering responsible and ethical business practices among financial service providers worldwide. This contributes to the overall improvement of the community by ensuring that financial institutions prioritize social impact and sustainability in their operations.
This information is meant to be a general summary of Social Performance Task Force 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: $9,551
- Program Service Revenue: $17,150
- Gross Receipts: $849,399
Assets and Liabilities:
- Total Assets: $5,103,678
- Total Liabilities: $593,703
- Net Assets: $4,509,975
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETING REGISTRATION A
Revenue
$17,150
Organization Details
Founding Year
2012
Principal Officer
Laura Foose
Website
www.cerise-sptf.orgNTEE Category
Code: S30 - Community improvement
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