Overview
What is Inneract Project Inc?
Inneract Project Inc, situated in San Francisco, California, is a nonprofit organization with a mission to foster a more inclusive design community by providing underprivileged youth with the essential tools, resources, and prospects to delve into the field of design. This mission is accomplished through the nonprofit's educational activities, which connect students to opportunities for further study, careers, and personal growth within the design sector. With a modest workforce of five individuals, Inneract Project Inc is dedicated to empowering underserved students and broadening the horizons of the design industry.
Official website here: www.inneractproject.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 24%
Inneract Project Inc has received a low rating of 24%, resulting in a Zero-Star out of Four Stars designation. This score indicates significant concerns regarding its accountability and financial transparency. The lack of independent board members and missing financial statements are particularly troubling, suggesting potential governance and oversight issues within the organization.
Despite these weaknesses, Inneract Project Inc does demonstrate some positive practices, such as having listed conflict of interest, whistleblower, and document retention policies. Additionally, the organization has a website that is properly listed on its tax form. However, the absence of meeting minutes and required financial documentation raises questions about its operational effectiveness and commitment to transparency.
The financial performance ratios also highlight areas of concern, with a program expense ratio of only 42.80%, which may imply inadequate funding allocation towards its stated mission. Overall, while Inneract Project Inc has some structural policies in place, the substantial deficiencies in governance and financial accountability warrant careful consideration by potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Inneract Project Inc legitimate?
Inneract Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inneract Project 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: $20,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $287,389
For more financial information, click here
Official website here: www.inneractproject.org
What is the mission statement of Inneract Project Inc?
Inneract Project Inc's mission is centered around empowering underserved students. They achieve this by providing design education, opening up avenues for these students to explore design in various aspects of their lives, including college and careers. The organization's ultimate goal is to foster a more diverse community of designers by equipping these youth with the necessary skills, resources, and opportunities in the design field. Inneract Project Inc aspires to create a meaningful impact, enabling underserved students to seize opportunities in the design world.
Official website here: www.inneractproject.org
What is the revenue of Inneract Project Inc?
Inneract Project Inc's revenue in 2023 was $616,278.
Official website here: www.inneractproject.org
Who are the executives of Inneract Project Inc and what are their salaries?
The average compensation at Inneract Project Inc during 2023 was $76,847. There are 4 employees at Inneract Project Inc.
Here are 5 key members and their salaries:
- Compensation: $20,000
- 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: $0
- Other: $0
Official website here: www.inneractproject.org
Where can I find the form 990 for Inneract Project Inc?
Inneract Project Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.inneractproject.org
Learn more at the official website: www.inneractproject.org
Mission Statement of Inneract Project Inc
Inneract Project Inc, a nonprofit organization, is dedicated to empowering underserved students. Their mission is to provide design education, connecting these students to opportunities that can further their exploration of design in the realm of college, career, and personal growth. By doing so, Inneract Project aims to foster a more diverse community of designers, ensuring that underprivileged youth have the chance to access the necessary skills, resources, and prospects within the design field.
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Impact
July, 2024
Inneract Project empowers underserved students through design education, providing them with the skills and resources necessary to explore and engage in the field of design. By connecting these students to opportunities in college, career, and life, Inneract Project is creating a more diverse community of future designers. Through their work, they are helping to bridge the gap for underserved youth and open doors to a world of possibilities in the design industry.
This information is meant to be a general summary of Inneract Project 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 2023.
- Investment Income: $1,948
- Program Service Revenue: $35,000
- Gross Receipts: $616,278
Assets and Liabilities:
- Total Assets: $1,029,337
- Total Liabilities: $63,494
- Net Assets: $965,843
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Community Porjects
Programming
Revenue
$35,000
Organization Details
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