Overview
What is Jacobin Foundation Ltd?
Jacobin Foundation Ltd is a nonprofit organization situated in Brooklyn, New York, at 388 Atlantic Ave. Their primary focus is on fostering critical dialogue and exchanging ideas about politics, culture, and economics through published quarterly publications, books, pamphlets, and other merchandise. This organization encourages public discourse on these issues by allowing the reprinting of their articles and accepting limited advertisements to aid in covering costs. The Jacobin Foundation Ltd employs a team of 28 individuals dedicated to this mission.
Official website here: www.jacobin.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, Two-Star out of Four Star rating
The Jacobin Foundation Ltd has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The foundation excels in certain governance areas, such as having a fully independent board and strong policies for conflict of interest and whistleblower protections. However, the charity struggles significantly in financial transparency and reporting, as evidenced by a low score for its financial statements and lack of documentation on its website.
While the organization shows a commitment to high program expenses, with 76.65% of its budget directed toward its programs, the liabilities to assets ratio of 70.16% raises concerns about its financial stability. Additionally, the absence of essential financial documentation and transparency measures could hinder trust with potential donors and stakeholders.
In summary, while the Jacobin Foundation Ltd demonstrates strengths in governance and program spending, the lack of financial transparency and documentation presents limitations that warrant attention. Improving these areas could enhance its rating and overall credibility within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Jacobin Foundation Ltd legitimate?
Jacobin Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jacobin Foundation Ltd 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,110,455
For more financial information, click here
Official website here: www.jacobin.com
What is the mission statement of Jacobin Foundation Ltd?
The Jacobin Foundation Ltd's mission is centered around fostering critical dialogue and exchanging ideas on political, cultural, and economic issues. They achieve this through the publication of quarterly publications, books, pamphlets, and other merchandise. The organization encourages the reprinting of their articles and allows limited advertising to help offset costs, all in support of promoting public discourse on these topics.
Official website here: www.jacobin.com
Who is the CEO of Jacobin Foundation Ltd?
Bhaskar Sunkara is the President of Jacobin Foundation Ltd.
Official website here: www.jacobin.com
What is the revenue of Jacobin Foundation Ltd?
Jacobin Foundation Ltd's revenue in 2022 was $4,047,221.
Official website here: www.jacobin.com
Who are the executives of Jacobin Foundation Ltd and what are their salaries?
The average compensation at Jacobin Foundation Ltd during 2022 was $39,659. There are 28 employees and 5 volunteers at Jacobin Foundation Ltd.
Here are 5 key members and their salaries:
- Compensation: $86,894
- Related: $0
- Other: $0
- Compensation: $88,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.jacobin.com
Where can I find the form 990 for Jacobin Foundation Ltd?
Jacobin Foundation Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jacobin.com
Learn more at the official website: www.jacobin.com
Mission Statement of Jacobin Foundation Ltd
The Jacobin Foundation Ltd is dedicated to fostering critical dialogue and exchange on a range of political, cultural, and economic issues. Through their publications and events, they aim to contribute positively to public discourse on these topics. The organization publishes quarterly publications, as well as books, pamphlets, and other related merchandise, all in support of their mission. Moreover, they allow others to reprint their articles and offer limited advertising space to help offset their costs. In essence, the Jacobin Foundation Ltd serves as a platform for stimulating thoughtful discussions and exchanges on various pressing issues, with the ultimate goal of shaping public opinion and fostering informed decision-making.
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Impact
July, 2024
Jacobin Foundation Ltd's impact lies in deepening critical dialogue and exchange on issues related to politics, culture, and economics. Through its publications and events, the organization fosters public discourse and awareness, encouraging thoughtful engagement and intellectual exploration in these key areas. By offering subscriptions to its publications, publishing books and pamphlets, and allowing others to share its content, Jacobin Foundation Ltd amplifies diverse perspectives and contributes to a richer understanding of complex societal issues. Its presence in Brooklyn, NY, underscores its commitment to engaging with local and global communities, furthering its mission to stimulate meaningful conversations on critical topics.
This information is meant to be a general summary of Jacobin Foundation Ltd. 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: $95,483
- Program Service Revenue: $2,616,197
- Gross Receipts: $4,047,221
Assets and Liabilities:
- Total Assets: $2,719,360
- Total Liabilities: $1,907,982
- Net Assets: $811,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Subscription and related income
Revenue
$2,556,046
Reprints Royalty
Revenue
$60,151
Organization Details
Founding Year
2014
Phone
(718) 797-1295Principal Officer
Bhaskar Sunkara
Main Address
388 ATLANTIC AVE, BROOKLYN, NY, 11217
Website
www.jacobin.comNTEE Category
Code: P99 - Human services
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