Overview
What is Lever Inc?
Lever Inc, based in North Adams, Massachusetts, at 85 Main Street 218, is a nonprofit organization dedicated to fostering economic growth and entrepreneurship in the Northern Berkshire County region. Their mission involves leveraging local assets to stimulate development and collaborate with experts, stakeholders, and collaborators to ensure the region's economic success. Lever Inc provides affordable and complimentary workspace to various enterprises, aiming to contribute to the region's prosperity. The organization currently employs a team of 9 individuals.
Official website here: www.leverinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Lever Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in the realm of accountability and finance. The organization achieved an impressive score of 84% based solely on its accountability measures. This suggests a strong commitment to transparency and responsible financial practices, which is crucial for maintaining donor trust.
Strengths highlighted include a fully independent board and well-audited financial statements, contributing positively to their accountability score. The organization also demonstrates effective management of its resources, with a program expense ratio of 83.23%, meaning a significant portion of its budget is directed towards its core mission. However, it should be noted that certain policies, such as the conflict of interest and whistleblower policies, are missing, which could affect perceptions of governance practices.
Overall, while Lever Inc displays many commendable practices, addressing the identified policy gaps could further enhance its accountability and potentially lead to an improved rating in the future. The organization's financial health and commitment to its mission remain strong points that donors and stakeholders can feel confident about.
This AI summary has been generated from information found on Charity Navigator.
Is Lever Inc legitimate?
Lever Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lever 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: $155,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $200,327
For more financial information, click here
Official website here: www.leverinc.org
What is the mission statement of Lever Inc?
Lever Inc is dedicated to fostering economic and entrepreneurial growth within its operational region. Their mission involves leveraging available assets to stimulate development, extending beyond just the Northern Berkshire County in Massachusetts. The organization builds networks of experts, collaborators, and stakeholders, aiming to contribute to the economic success of the region. Furthermore, Lever Inc provides low-cost and no-cost startup spaces for various enterprises, aiming to support their establishment and growth.
Official website here: www.leverinc.org
Who is the CEO of Lever Inc?
Jeffrey Thomas is the Executive Director of Lever Inc.
Official website here: www.leverinc.org
What is the revenue of Lever Inc?
Lever Inc's revenue in 2021 was $605,277.
Official website here: www.leverinc.org
Who are the executives of Lever Inc and what are their salaries?
The average compensation at Lever Inc during 2021 was $39,481. There are 9 employees and 32 volunteers at Lever Inc.
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Official website here: www.leverinc.org
Where can I find the form 990 for Lever Inc?
Lever Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.leverinc.org
Learn more at the official website: www.leverinc.org
Mission Statement of Lever Inc
Lever Inc, a nonprofit organization, is committed to fostering economic and entrepreneurial growth in its region. Their mission is to leverage assets and initiate activities aimed at spurring development in the Northern Berkshire County area. This includes collaborating with experts, stakeholders, and other collaborators to ensure the region's economic success. In addition, Lever Inc provides low-cost or no-cost start-up spaces to various enterprises, further contributing to the region's economic growth. By engaging in these activities, Lever Inc aims to make a significant impact on the economic landscape of the area, ultimately fostering a thriving and vibrant community.
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Impact
July, 2024
Lever Inc's impact can be seen in its dedication to spurring economic and entrepreneurial development in the Northern Berkshire County region, particularly in the city of North Adams and surrounding communities. Lever Inc actively engages in activities that leverage assets in the region to promote economic success and provide low-cost or no-cost start-up space to various enterprises. Through the development of networks of experts, collaborators, and stakeholders, Lever Inc plays a vital role in fostering community improvement and supporting the growth of local businesses and initiatives.
This information is meant to be a general summary of Lever 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 2021.
- Investment Income: $544
- Gross Receipts: $605,277
Assets and Liabilities:
- Total Assets: $349,644
- Total Liabilities: $18,047
- Net Assets: $331,597
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Organization Details
Founding Year
2013
Phone
(413) 884-2011Principal Officer
Jeffrey Thomas
Main Address
85 MAIN STREET 218, NORTH ADAMS, MA, 01247
Website
www.leverinc.orgNTEE Category
Code: S99 - Community improvement
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