Overview
What is Schumacher Ctr For A New Economics Inc?
Schumacher Ctr For A New Economics Inc, located in Great Barrington, Massachusetts, is a nonprofit organization with a mission to educate the public about an economic system that benefits both people and the planet. They provided significant assistance, development, and administrative oversight for Berkshares, a local currency designed to promote self-sufficient, regional economies. Their efforts included creating educational materials, integrating with bank operations, hosting events, and representing the project to other communities. Berkshares collaborated with a blockchain developer to create a digital component, launching its beta version in March 2022. The digital Berkshares were backed one-to-one with federal dollars held at two local banks, and 600 digital accounts were opened, including 125 businesses. The Berkshares program serves approximately 10,000 people regionally and reaches over 50,000 people nationally and internationally through media and the internet. The organization, with 11 employees, plays a crucial role in fostering sustainable economic practices and awareness.
Official website here: www.centerforneweconomics.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Schumacher Center for a New Economics Inc has earned a remarkable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The charity's score of 96% is derived entirely from its performance in the Accountability & Finance beacon, indicating strong practices in these critical areas.
Strengths of the organization include its commitment to transparency and ethical governance, with 100% of its board members being independent. Additionally, the charity exhibits robust financial management, evidenced by a program expense ratio of 75.91%, which suggests that a significant majority of its expenditures directly support its mission-related activities.
While the rating highlights several strengths, there are no noted limitations in the provided data that would detract from the charity's overall performance. The organization maintains solid financial oversight with an excellent ratio of liabilities to assets and demonstrates a comprehensive approach to governance with established policies, including conflict of interest and whistleblower protections.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Schumacher Ctr For A New Economics Inc?
100% of 11 reviewers on Facebook recommend the Schumacher Center for a New Economics. Here's a summary of their insights:
The organization is praised for its forward-thinking approach to economics, with reviewers expressing admiration for the innovative ideas it presents regarding a future that benefits all humanity. Many find the concepts showcased to be inspiring and transformative, highlighting the center’s commitment to creating a more equitable economic system.
Overall, the sentiment is overwhelmingly positive, with users feeling that the Schumacher Center successfully delivers on its mission to explore and promote new economic models that focus on inclusivity and sustainability.
This AI summary has been generated from reviews found on Facebook.
Is Schumacher Ctr For A New Economics Inc legitimate?
Schumacher Ctr For A New Economics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schumacher Ctr For A New Economics 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: $110,664
Professional Fundraising Fees: $0
Other Salaries and Wages: $266,997
For more financial information, click here
Official website here: www.centerforneweconomics.org
What is the mission statement of Schumacher Ctr For A New Economics Inc?
The Schumacher Center for a New Economics Inc's mission is centered around education, aiming to enlighten the public about an economic system that benefits both people and the planet. Their primary objective is to educate individuals on the importance of sustainable, self-sufficient, and regionally focused economies. To achieve this, the center provides research assistance, development, and administrative oversight for projects like Berkshares, a local currency designed to promote these principles. They develop educational materials, integrate the currency with bank operations, and host events to share knowledge with other communities studying similar programs. The Berkshares project, which serves 10,000 people locally and reaches over 50,000 individuals nationally and internationally through media, is a testament to their dedication to this mission.
Official website here: www.centerforneweconomics.org
Who is the CEO of Schumacher Ctr For A New Economics Inc?
Matthew Stinchcomb is the Executive Di of Schumacher Ctr For A New Economics Inc.
Official website here: www.centerforneweconomics.org
What is the revenue of Schumacher Ctr For A New Economics Inc?
Schumacher Ctr For A New Economics Inc's revenue in 2022 was $672,691.
Official website here: www.centerforneweconomics.org
Who are the executives of Schumacher Ctr For A New Economics Inc and what are their salaries?
The average compensation at Schumacher Ctr For A New Economics Inc during 2022 was $34,333. There are 11 employees at Schumacher Ctr For A New Economics Inc.
Here are 13 key members and their salaries:
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Official website here: www.centerforneweconomics.org
Where can I find the form 990 for Schumacher Ctr For A New Economics Inc?
Schumacher Ctr For A New Economics Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centerforneweconomics.org
Learn more at the official website: www.centerforneweconomics.org
Mission Statement of Schumacher Ctr For A New Economics Inc
The Schumacher Center for a New Economics Inc is a nonprofit organization committed to educating the public about an economics that supports both people and the planet. This mission is accomplished through various initiatives, one of which is the Local Currency Project. In this project, the center provided research assistance, development, and administrative oversight for Berkshares, a local currency designed to educate citizens about the importance of vibrant, self-sufficient, regional economies. The center created educational materials for both print and online use, developed systems for integrating with bank operations, hosted media and representatives of communities studying the program, and represented Berkshares in various forums. Berkshares has also collaborated with a blockchain developer to build a digital component of the currency, with a beta version launched in March 2022. The digital Berkshares are backed one to one with federal dollars held on deposit at two local banks, and 600 digital accounts have been opened, including 125 businesses. The Berkshares program serves 10,000 people regionally and reaches over 50,000 people nationally and internationally through media and the internet.
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Impact
July, 2024
Schumacher Center for a New Economics Inc has made a significant impact by promoting an economics that supports both people and the planet. One of their key initiatives is the development and promotion of BerkShares, a local currency designed to educate citizens about the importance of vibrant, self-sufficient, regional economies. This project has reached 10,000 individuals regionally and over 50,000 people nationally and internationally through media and internet outreach.
Their work in developing educational materials, collaborating with blockchain developers for a digital currency component, and facilitating the integration of BerkShares with bank operations showcases their commitment to innovative solutions for sustainable economic practices. By engaging with communities and advocating for alternative economic models, Schumacher Center for a New Economics Inc is playing a vital role in advancing the conversation on creating a more equitable and ecologically sustainable world.
This information is meant to be a general summary of Schumacher Ctr For A New Economics 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.
- Program Service Revenue: $1,500
- Gross Receipts: $680,895
Assets and Liabilities:
- Total Assets: $912,234
- Total Liabilities: $4,021
- Net Assets: $908,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPEAKING FEES
Revenue
$1,500
Organization Details
Founding Year
2012
Phone
(413) 528-1737Principal Officer
Matthew Stinchcomb
Main Address
140 JUG END ROAD, GREAT BARRINGTON, MA, 01230
NTEE Category
Code: V22 - Social research
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