Overview
What is Designxri?
Designxri is a nonprofit organization based in Providence, Rhode Island, specifically located at 819 Westminster Street 3. Their primary focus is to bolster the workforce and business skills of designers and design businesses within the state, aiming to enhance their overall success. To achieve this, Designxri collaborates with various economic and industry partners, fostering connections between the Rhode Island design sector and key stakeholders, thereby promoting a deeper understanding of design's impact and potential benefits. With a mission to create an opportunity-driven environment, Designxri invests in local design talent, strengthens strategic assets in the field, and connects this talent to noteworthy opportunities, thereby positioning design as a significant economic force with the power to drive change globally, socially, and locally. This nonprofit organization is led by a team of eight dedicated individuals.
Official website here: www.designxri.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Overall Score: 63%, Two-Star out of Four Star rating.
Designxri has received a two-star rating from Charity Navigator, indicating that there are areas for improvement, particularly in accountability and finance. The organization has a strong culture and community score of 94, reflecting positive constituent engagement and feedback mechanisms. However, their accountability and finance score is significantly lower at 57, highlighting potential financial management concerns.
The nonprofit benefits from having a fully independent board with nine members and has received full marks for its financial audit and the absence of material asset diversion. On the downside, it lacks key policies such as a whistleblower and document retention policy, which are essential for good governance, contributing to its lower overall rating.
Financially, Designxri has a liabilities to assets ratio of 57.69%, which indicates a moderate level of financial risk, and a low program expense ratio of 35.95%, suggesting that a smaller proportion of their expenses go directly towards their programs. While the organization excels in gathering and utilizing feedback, addressing their financial management and policy gaps could enhance their overall performance and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Designxri legitimate?
Designxri is a legitimate nonprofit organization registered as a 501(c)(3) entity. Designxri 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: $271,779
For more financial information, click here
Official website here: www.designxri.com
What is the mission statement of Designxri?
Designxri's mission is to establish a conducive environment that fosters growth for Rhode Island's designers, design businesses, and the broader design sector. They believe in the transformative power of design, both globally, socially, and locally. As the sole statewide organization dedicated to design in Rhode Island, Designxri adds value to the sector by investing in local design talent, enhancing strategic assets within the field, and linking this talent to potential opportunities.
Official website here: www.designxri.com
Who is the CEO of Designxri?
Nicholas Scappaticci is the Director of Designxri.
Official website here: www.designxri.com
What is the revenue of Designxri?
Designxri's revenue in 2022 was $717,315.
Official website here: www.designxri.com
Who are the executives of Designxri and what are their salaries?
The average compensation at Designxri during 2022 was $33,972. There are 8 employees at Designxri.
Here are 9 key members and their salaries:
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Official website here: www.designxri.com
Where can I find the form 990 for Designxri?
Designxri's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.designxri.com
Learn more at the official website: www.designxri.com
Mission Statement of Designxri
DesignxRI, as the only statewide organization for design in Rhode Island, is committed to fostering an opportunity-driven environment for local designers, design businesses, and the design sector. The organization believes in the transformative power of design, recognizing it as a critical economic sector that drives change globally, socially, and locally. By investing in Rhode Island design talent, increasing strategic assets in the field, and connecting this talent to key opportunities, DesignxRI aims to build value in the design sector. The ultimate goal is to help designers and design businesses in Rhode Island thrive, contributing to the overall growth and development of the state.
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Impact
July, 2024
Designxri's impact can be seen in its efforts to create an opportunity-driven environment for Rhode Island designers and design businesses to thrive. By organizing workforce and business skills trainings, the organization helps strengthen the capabilities of designers and design businesses, enabling them to enhance their work and succeed in their endeavors. Additionally, Designxri collaborates with industry and economic partners across the state to connect Rhode Island design to other sectors, businesses, and state leaders. Through these partnerships, Designxri fosters a deeper understanding of the value of design and creates potential benefits through collaboration. Overall, Designxri's work contributes to the growth and success of the design sector in Rhode Island, driving change on a global, social, and local level.
This information is meant to be a general summary of Designxri. 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: $1,635
- Program Service Revenue: $9,500
- Gross Receipts: $726,610
Assets and Liabilities:
- Total Assets: $356,462
- Total Liabilities: $205,675
- Net Assets: $150,787
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE
Revenue
$9,500
Organization Details
Founding Year
2014
Phone
(401) 427-0811Principal Officer
Nicholas Scappaticci
Main Address
819 WESTMINSTER STREET 3, PROVIDENCE, RI, 02903
Website
www.designxri.comNTEE Category
Code: S20 - Community improvement
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