Overview
What is Union Capital Boston Inc?
Union Capital Boston Inc is a nonprofit organization situated in Boston, Massachusetts. With a team of seven dedicated individuals, their primary mission is to aid individuals, families, and communities in their fight against poverty. They have developed a unique mobile-based loyalty program, specifically tailored for low-income families. This program offers both social and financial service rewards, aiming to uplift and support these families. During the year ending June 30, 2023, Union Capital Boston Inc provided program rewards totaling $169,458, contributing to the civic and social engagement of approximately 2,600 members.
Official website here: www.unioncapitalboston.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Union Capital Boston Inc has received an 88% rating from Charity Navigator, indicating a solid performance in accountability and finance, alongside notable strengths in culture and community. With a breakdown of 74% in accountability and finance, the organization has demonstrated strengths through an independent board and effective financial oversight, which are critical for maintaining donor trust.
The organization excels in areas such as program expenses, with 70.69% of its budget allocated to its programs, reflecting a strong commitment to its mission. However, there are some limitations noted, including the absence of essential policies like conflict of interest and whistleblower policies, which could be areas for improvement in governance practices.
Furthermore, Union Capital Boston Inc has achieved perfect scores in both culture and community as well as leadership and adaptability, showcasing its effective leadership development and community engagement strategies. This indicates a strong foundation for sustained impact, although enhancing its governance practices could further bolster its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Union Capital Boston Inc legitimate?
Union Capital Boston Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Capital Boston 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: $432,812
For more financial information, click here
Official website here: www.unioncapitalboston.org
What is the mission statement of Union Capital Boston Inc?
Union Capital Boston Inc's mission is centered around assisting individuals, families, and communities in their endeavors to overcome poverty. The organization aims to develop a mobile-based loyalty program specifically for low-income families. This program offers rewards that encompass both social and financial services, serving as an incentive for civic and social engagement. During the year ending June 30, 2023, this initiative provided program rewards totaling $169,458, supporting the engagement of approximately 2,600 members.
Official website here: www.unioncapitalboston.org
Who is the CEO of Union Capital Boston Inc?
Michael Perez is the Treasurer of Union Capital Boston Inc.
Official website here: www.unioncapitalboston.org
What is the revenue of Union Capital Boston Inc?
Union Capital Boston Inc's revenue in 2023 was $1,181,897.
Official website here: www.unioncapitalboston.org
Who are the executives of Union Capital Boston Inc and what are their salaries?
The average compensation at Union Capital Boston Inc during 2023 was $61,830. There are 7 employees at Union Capital Boston Inc.
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Official website here: www.unioncapitalboston.org
Where can I find the form 990 for Union Capital Boston Inc?
Union Capital Boston Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.unioncapitalboston.org
Learn more at the official website: www.unioncapitalboston.org
Mission Statement of Union Capital Boston Inc
Union Capital Boston Inc, as a nonprofit organization, is committed to assisting individuals, families, and communities in their endeavors to overcome poverty. One of its primary objectives is to establish a mobile-based loyalty program tailored for low-income families. This program aims to provide both social and financial service rewards. By offering such incentives, Union Capital Boston Inc aims to encourage civic and social engagement among its approximately 2,600 members, as demonstrated through the distribution of program rewards totaling $169,458 during the year ending June 30, 2023.
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Impact
July, 2024
Union Capital Boston Inc's impact is evident in the $169,458 in program rewards provided to support and promote the civic and social engagement of approximately 2,600 members. By assisting individuals, families, and communities in overcoming poverty and creating a mobile-based loyalty program for low-income families, Union Capital Boston Inc is actively working towards enhancing social and financial well-being in the Boston area. Its focus on human services underscores its commitment to addressing the needs of vulnerable populations and empowering them to strive for a better future.
This information is meant to be a general summary of Union Capital Boston 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.
- Program Service Revenue: $237,972
- Gross Receipts: $1,181,897
Assets and Liabilities:
- Total Assets: $626,683
- Total Liabilities: $8,591
- Net Assets: $618,092
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$237,972
Organization Details
Founding Year
2014
Phone
(617) 971-6815Principal Officer
Michael Perez
Main Address
1544 COLUMBUS AVENUE, BOSTON, MA, 02119
Website
www.unioncapitalboston.orgNTEE Category
Code: P40 - Human services
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