Overview
What is Community Information Trust?
Community Information Trust is a 501(C)(3) nonprofit organization established to expand community access to technology and digital literacy programs and services. Their flagship initiative, the DO Space Community Library in Omaha, Nebraska, functions as a technology library and innovation hub where the public can engage with advanced technology and receive assistance in its utilization. In 2022, the organization primarily operated DO Space, hosting various programs and services at no cost to the public. Additionally, they collaborated with the Omaha Public Library, Omaha Public Library Foundation, City of Omaha, and Heritage Omaha to launch schematic design and began fundraising for a new Omaha Central Public Library.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Community Information Trust has received an 85% rating from Charity Navigator, reflecting a solid level of accountability and finance management. The score is derived entirely from their accountability and finance metrics, indicating a focus on transparency and responsible financial practices. This rating suggests that the organization is generally well-managed, ensuring that funds are utilized effectively for their programs.
The nonprofit demonstrates strong governance practices, with a fully independent board and a comprehensive set of policies including conflict of interest and whistleblower protections. They have also shown commendable financial health, indicated by a low liabilities-to-assets ratio of 7% and a high working capital ratio of 16 years, which suggests long-term sustainability. The program expense ratio being 72.8% indicates that a significant portion of their expenditures is directed towards their mission.
However, there are areas for improvement, particularly in fundraising efficiency, where they scored poorly at just $0.012. This suggests that the organization may need to enhance its fundraising strategies to increase revenue relative to costs. While the overall financial practices are strong, the limitations in fundraising could impact future growth and program expansion.
This AI summary has been generated from information found on Charity Navigator.
Is Community Information Trust legitimate?
Community Information Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Information Trust 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: $159,554
Professional Fundraising Fees: $0
Other Salaries and Wages: $753,782
For more financial information, click here
What is the mission statement of Community Information Trust?
The Community Information Trust is a nonprofit organization established to manage and develop a technology library, known as DO Space. This innovative space, opened to the public in November 2015, serves as a hub where community members can access advanced technology and receive guidance on its usage. In 2022, the organization's primary focus was on operating DO Space, providing various programs and services to the public free of charge. Furthermore, Community Information Trust collaborated with several partners, including the Omaha Public Library and the Omaha Public Library Foundation, to launch schematic design and initiate fundraising for a new central public library in Omaha.
Who is the CEO of Community Information Trust?
Rachel Jacobson is the President And Director of Community Information Trust. The CEO's salary of Community Information Trust is $159,554 and their total compensation is $165,787.
What is the revenue of Community Information Trust?
Community Information Trust's revenue in 2022 was $26,923,686.
Who are the executives of Community Information Trust and what are their salaries?
The average compensation at Community Information Trust during 2022 was $26,863. There are 34 employees and 112 volunteers at Community Information Trust.
Here are 7 key members and their salaries (Community Information Trust's CEO's salary is $159,554 and their total compensation is $165,787):
- Compensation: $0
- Related: $306,823
- Other: $13,491
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $79,522
- Other: $0
- Compensation: $159,554
- Related: $0
- Other: $6,233
Where can I find the form 990 for Community Information Trust?
Community Information Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Information Trust
Community Information Trust, a 501(c)(3) organization, was established with the mission to expand community access to technology and digital literacy programs and services. Its flagship initiative, Do Space, functions as a technology library and innovation space. Here, community members can engage with cutting-edge technology and receive guidance on its usage.
Community Information Trust's primary objective revolves around the operation of Do Space, a technology-driven haven open to the public since November 2015. This space offers the community the opportunity to explore advanced technology while benefiting from instruction and assistance in its application. In 2022, the organization's primary focus involved the continued operation of Do Space, providing various programs and services to the public for free.
Additionally, Community Information Trust collaborated with the Omaha Public Library, the Omaha Public Library Foundation, the City of Omaha, and Heritage Omaha during 2022 to initiate schematic design and initiated fundraising for a new central public library in Omaha. This new project aims to further empower the community by expanding their access to technology and digital resources.
The organization's unwavering commitment to bridging the digital divide and fostering technological literacy enables individuals to enhance their skills and improve their overall quality of life. Through Do Space, Community Information Trust provides a platform for individuals to access the latest technology, learn new skills, and collaborate with one another, ultimately contributing to a more technologically-inclined community.
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Impact
October, 2024
Community Information Trust significantly enhances community access to technology and digital literacy through its primary initiative, the Do Space Community Library. This innovative technology library and innovation space in Omaha allows individuals to engage with cutting-edge technology, providing them with the necessary tools and instruction to thrive in an increasingly digital world.
By operating Do Space, Community Information Trust fosters an inclusive environment where community members of all ages can learn how to use new technologies effectively. Furthermore, in 2022, the organization bolstered its impact by collaborating with local entities, including the Omaha Public Library and the City of Omaha, to contribute to the design and fundraising efforts for a new public library. This initiative reflects a commitment to not only expanding access to technology but also enriching the community's educational resources. Through its programs and services, Community Information Trust plays a vital role in promoting digital literacy and technology accessibility, empowering residents to navigate and succeed in the modern digital landscape.
This information is meant to be a general summary of Community Information Trust. 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.
- Investment Income: $172,621
- Gross Receipts: $26,964,949
Assets and Liabilities:
- Total Assets: $43,244,426
- Total Liabilities: $3,027,594
- Net Assets: $40,216,832
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Organization Details
Founding Year
2013
Phone
(402) 391-3190Principal Officer
Rachel Jacobson
Main Address
10050 REGENCY CIRCLE 101, OMAHA, NE, 68114
NTEE Category
Code: B70 - Education
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