Overview
What is Drive Change Inc?
Drive Change Inc, situated in Brooklyn, New York, is a nonprofit organization dedicated to making a significant impact in the lives of formerly incarcerated youth. By offering on-the-job training, their mission is to decrease the recidivism rate among this group and expand their post-incarceration employment opportunities. This initiative empowers these young individuals to construct promising futures for themselves. With a team of 31 dedicated employees, Drive Change Inc is committed to providing a supportive environment that fosters personal growth and development, ultimately contributing to a more prosperous community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Drive Change Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a commendable overall score of 82%. This rating indicates that the organization demonstrates a reasonable level of accountability and transparency in its operations. The charity has excelled in various areas, including maintaining a strong independent board and having no material diversion of assets.
The organization showcases a healthy program expense ratio of 70.41%, signifying that a significant portion of its funds is used for direct program services rather than administrative costs. Additionally, the charity has strong financial practices, such as a fully audited financial statement and comprehensive policies for conflict of interest and whistleblower protections, which contribute to its accountability.
However, the organization has room for improvement, particularly in its liabilities to assets ratio, which stands at 66.16%. This aspect points to potential financial strain, suggesting that stakeholders may want to monitor the charity's financial health closely. Overall, Drive Change Inc demonstrates many strengths while also facing some challenges that it needs to address.
This AI summary has been generated from information found on Charity Navigator.
Is Drive Change Inc legitimate?
Drive Change Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Drive Change 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: $113,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $425,926
For more financial information, click here
What is the mission statement of Drive Change Inc?
Drive Change Inc's mission is centered around reducing the likelihood of reoffending among previously imprisoned youth and enhancing their post-incarceration employment prospects. The organization aims to facilitate the creation of prosperous futures for these young individuals. One of the ways Drive Change Inc accomplishes this is through providing on-the-job training and securing long-term employment opportunities for them.
Who is the CEO of Drive Change Inc?
Rose Destefano is the Treasurer of Drive Change Inc.
What is the revenue of Drive Change Inc?
Drive Change Inc's revenue in 2022 was $1,837,612.
Who are the executives of Drive Change Inc and what are their salaries?
The average compensation at Drive Change Inc during 2022 was $17,390. There are 31 employees and 5 volunteers at Drive Change Inc.
Here are 5 key members and their salaries:
- Compensation: $106,154
- Related: $0
- Other: $7,019
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Drive Change Inc?
Drive Change Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Drive Change Inc
Drive Change Inc, a nonprofit organization, is dedicated to reducing the rate of recidivism among formerly incarcerated youth and enhancing their post-incarceration employment opportunities. Its mission is to empower these young individuals, enabling them to build successful futures. The organization achieves this through its primary activities, which include providing on-the-job training and securing long-term employment opportunities for the youth. By doing so, Drive Change Inc aims to break the cycle of crime and offer these young people a chance at a better life.
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Impact
July, 2024
Drive Change Inc's impact can be seen in the significant reduction of the recidivism rate among formerly incarcerated youth. By providing on-the-job training and long-term employment opportunities, the organization has been successful in enabling these young individuals to build successful futures. In addition to breaking the cycle of reincarceration, Drive Change Inc has also made a notable impact by increasing post-incarceration employment opportunities for this population, ultimately contributing to their successful reintegration into society. Through its focus on equipping formerly incarcerated youth with the skills and resources needed to thrive, Drive Change Inc is making a meaningful difference in the lives of these individuals and in the broader community as a whole.
This information is meant to be a general summary of Drive Change 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.
- Gross Receipts: $1,837,612
Assets and Liabilities:
- Total Assets: $2,511,671
- Total Liabilities: $1,661,740
- Net Assets: $849,931
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Organization Details
Phone
(347) 696-0943Principal Officer
Rose Destefano
Main Address
630 FLUSHING AVENUE, BROOKLYN, NY, 11206
NTEE Category
Code: J22 - Employment
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