Overview
What is It Works Gives Back Foundation Inc?
It Works Gives Back Foundation Inc, situated in Palmetto, Florida, is a nonprofit organization dedicated to contributing to the betterment of society. The foundation fulfills its purpose by distributing funds and assets to eligible 501(C)(3) organizations, with a recorded contribution of $89,366 going to ten such organizations. The mission of this foundation is to improve society by funding and supporting public charities, aiming to make a significant impact in various sectors. The foundation's activities are governed by Internal Revenue Section 501(C)(3), ensuring its contributions contribute positively to the community.
Official website here: www.myitworks.com/givesback/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
The It Works Gives Back Foundation Inc. has received a solid Three-Star rating from Charity Navigator, reflecting a score of 77%. This rating is primarily based on the charity's strong performance in the Accountability & Finance beacon, indicating that the organization adheres to high standards of financial management and transparency.
Key strengths of the organization include a perfect score in several areas such as material diversion of assets, conflict of interest policy, and whistleblower policy, demonstrating a commitment to ethical practices. Additionally, the foundation has effectively allocated a substantial portion of its expenses (76.72%) towards programs, showcasing its focus on fulfilling its mission.
However, while the charity demonstrates commendable accountability, the overall score being derived from a single beacon may limit the understanding of its overall impact. Prospective donors may wish to consider other aspects such as program effectiveness and community feedback to gain a comprehensive view of the foundation's work.
This AI summary has been generated from information found on Charity Navigator.
Is It Works Gives Back Foundation Inc legitimate?
It Works Gives Back Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. It Works Gives Back Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.myitworks.com/givesback/
What is the mission statement of It Works Gives Back Foundation Inc?
The It Works Gives Back Foundation Inc's mission is centered around distributing funds and assets to eligible public charities, as designated by the Internal Revenue Section 501(C)(3). This distribution of funds is aimed at improving and benefiting society as a whole. In line with its exempt purpose, the foundation provided financial support to ten nonprofit organizations, amounting to $89,366. A detailed list of the public charities that received contributions of more than $5,000 from the It Works Gives Back Foundation, Inc. can be found in Schedule I.
Official website here: www.myitworks.com/givesback/
Who is the CEO of It Works Gives Back Foundation Inc?
Cindy Pentecost is the Director, President, Treas of It Works Gives Back Foundation Inc.
Official website here: www.myitworks.com/givesback/
What is the revenue of It Works Gives Back Foundation Inc?
It Works Gives Back Foundation Inc's revenue in 2022 was $67,938.
Official website here: www.myitworks.com/givesback/
Who are the executives of It Works Gives Back Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $52,474
- Other: $0
Official website here: www.myitworks.com/givesback/
Where can I find the form 990 for It Works Gives Back Foundation Inc?
It Works Gives Back Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myitworks.com/givesback/
Learn more at the official website: www.myitworks.com/givesback/
Mission Statement of It Works Gives Back Foundation Inc
It Works Gives Back Foundation Inc is dedicated to distributing funds and assets to public charities that qualify under Internal Revenue Section 501(C)(3). The primary objective of this foundation is to improve and benefit society by providing financial support to these tax-exempt organizations. In accordance with its exempt purpose, the foundation channeled $89,366 worth of contributions to ten nonprofit 501(C)(3) organizations. For a comprehensive list of public charities that received contributions exceeding $5,000 from It Works Gives Back Foundation Inc, refer to Schedule I. The foundation's mission is essentially geared towards uplifting society by financially assisting qualified public charities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
It Works Gives Back Foundation Inc has made a significant impact by distributing funds and assets to public charities that are dedicated to improving and benefiting society. In the past, the foundation has provided financial support to ten 501(c)(3) organizations, totaling $89,366 in contributions. This demonstrates the foundation's commitment to making a positive difference in the community and supporting causes that aim to create a better world for all.
This information is meant to be a general summary of It Works Gives Back Foundation 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.
- Investment Income: $45
- Gross Receipts: $67,938
Assets and Liabilities:
- Total Assets: $99,449
- Total Liabilities: $2,184
- Net Assets: $97,265
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2014
Phone
(941) 348-6650Principal Officer
Cindy Pentecost
Main Address
908 RIVERSIDE DRIVE, PALMETTO, FL, 34221
Website
www.myitworks.com/givesback/NTEE Category
Code: T12 - Philanthropy
If you are a representative of It Works Gives Back Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.