Overview
What is The Difference Principle Inc?
The Difference Principle Inc serves as the parent corporation for a 501(c)(3) nonprofit organization, offering administrative support services. Their primary role is to provide the necessary infrastructure and assistance to their subsidiary, ensuring its smooth operation and efficiency. While the information provided does not disclose the specific focus or mission of the subsidiary, it is clear that The Difference Principle Inc plays a crucial role in its success by offering administrative support. This collaborative approach allows the subsidiary to concentrate on its core activities, such as its mission, while The Difference Principle Inc takes care of the operational and administrative tasks.
Official website here: www.differenceprinciple.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 41%, Zero-Star out of Four Star rating.
The Difference Principle Inc has received a low accountability and finance score of 41%, reflecting significant areas of concern in its governance and financial management. The organization’s lack of independent board members and a small board size contributed to this rating, indicating possible weaknesses in oversight and decision-making processes.
Despite some positive aspects, such as having policies in place for conflict of interest and whistleblower protections, the nonprofit struggles with financial ratios, particularly a low program expense ratio of 30.29%. This suggests that a smaller portion of its budget is being directed towards its programs compared to its administrative costs, which can raise questions about its effectiveness and impact.
Overall, while the organization has established certain governance policies, the lack of independent oversight and the financial ratios indicate that significant improvement is needed to enhance accountability and demonstrate a commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Difference Principle Inc legitimate?
The Difference Principle Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Difference Principle 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: $888,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $809,573
For more financial information, click here
Official website here: www.differenceprinciple.org
What is the mission statement of The Difference Principle Inc?
The Difference Principle Inc serves as the parent corporation for its subsidiary 501(c)(3) organization, offering administrative support services. Its primary mission, however, is not explicitly stated in the provided information. As such, it remains unavailable to summarize at this time.
Official website here: www.differenceprinciple.org
Who is the CEO of The Difference Principle Inc?
Nicholas Sayner is the President of The Difference Principle Inc.
Official website here: www.differenceprinciple.org
What is the revenue of The Difference Principle Inc?
The Difference Principle Inc's revenue in 2022 was $2,433,444.
Official website here: www.differenceprinciple.org
Who are the executives of The Difference Principle Inc and what are their salaries?
The average compensation at The Difference Principle Inc during 2022 was $89,354. There are 19 employees and 3 volunteers at The Difference Principle Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $173,746
- Related: $0
- Other: $20,638
- Compensation: $173,746
- Related: $0
- Other: $20,638
- Compensation: $119,627
- Related: $0
- Other: $923
- Compensation: $106,446
- Related: $0
- Other: $0
- Compensation: $112,917
- Related: $0
- Other: $19,919
- Compensation: $126,419
- Related: $0
- Other: $13,133
Official website here: www.differenceprinciple.org
Where can I find the form 990 for The Difference Principle Inc?
The Difference Principle Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.differenceprinciple.org
Learn more at the official website: www.differenceprinciple.org
Mission Statement of The Difference Principle Inc
The Difference Principle Inc serves as the parent corporation for its subsidiary 501(C)(3) organization, offering administrative support services. In essence, its role is to aid and strengthen the operations of its nonprofit counterpart. Although the provided information does not detail the specific goals or objectives of this organization, it can be inferred that The Difference Principle Inc plays a critical role in ensuring the smooth functioning and success of its affiliated nonprofit organization. By providing essential administrative support services, this entity enables the subsidiary organization to focus on its primary mission and goals, ultimately contributing to a more impactful and effective service delivery.
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Impact
July, 2024
The Difference Principle Inc has a significant impact on education in the Milwaukee area by providing administrative support services to its subsidiary 501(c)(3) organization. Through this support, the organization is able to more effectively deliver its mission to improve educational opportunities and outcomes for individuals in the community. By offering crucial administrative assistance, The Difference Principle Inc plays a vital role in ensuring that the subsidiary organization can focus on its core activities and maximize its impact on education.
This information is meant to be a general summary of The Difference Principle 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: $2,354,812
- Gross Receipts: $2,433,444
Assets and Liabilities:
- Total Assets: $1,799,160
- Total Liabilities: $726,078
- Net Assets: $1,073,082
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN SERVICES INCOME
Revenue
$2,190,398
MN JUSTICE EMPLOYMENT
Revenue
$164,414
Organization Details
Founding Year
2013
Phone
(414) 908-0282Principal Officer
Nicholas Sayner
Main Address
205 W HIGHLAND AVE 509, MILWAUKEE, WI, 53203
Website
www.differenceprinciple.orgNTEE Category
Code: B99 - Education
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