Overview
What is Uncharted Learning Nfp?
Uncharted Learning Nfp, based in Barrington, Illinois, is a nonprofit organization that offers an authentic entrepreneurship experience to students. Through the IncubatorDU program, students have the opportunity to develop their own product or service, guided by volunteer entrepreneurs and business experts. The program follows the Lean Startup process, which involves creating hypotheses, testing them, adapting, and continuously learning and improving. The organization's mission is to equip students with real-world skills, inspire them to discover their passions, strengthen their capabilities, and help them create their own futures. With a team of 16 dedicated individuals, Uncharted Learning Nfp fosters an environment that encourages innovation, creativity, and self-discovery.
Official website here: www.unchartedlearning.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating.
Uncharted Learning Nfp has received a score of 69% on Charity Navigator, indicating areas that require enhancement, particularly in accountability and finance. While they exhibit strong governance features, such as a fully independent board and detailed documentation of board meeting minutes, their overall performance suggests there is room for growth in operational transparency and effectiveness.
The organization boasts a commendable program expense ratio of 85.32%, reflecting a solid commitment to utilizing funds for their programs rather than administrative costs. This is complemented by a low liabilities to assets ratio of 4.50%, indicating strong financial health and limited risk of insolvency. However, the two-star rating suggests that despite these strengths, there are still critical components of the nonprofit's operations that need improvement to achieve a higher level of trust and impact.
Overall, while Uncharted Learning Nfp demonstrates a strong dedication to its mission through effective financial management and governance, the need for improvement in certain operational aspects highlights the importance of ongoing evaluation and enhancement to better serve their community and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Uncharted Learning Nfp legitimate?
Uncharted Learning Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Uncharted Learning Nfp 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: $1,360,060
For more financial information, click here
Official website here: www.unchartedlearning.org
What is the mission statement of Uncharted Learning Nfp?
Uncharted Learning Nfp's mission is centered around equipping students with essential real-world skills. This organization aims to inspire students to discover their passions, strengthen their capabilities, and ultimately, create their own futures. To achieve this, they offer an incubator program that provides students with a genuine entrepreneurship experience. Through this program, students have the opportunity to develop their own product or service, guided by volunteer coaches and business experts following the lean startup processes. This involves formulating hypotheses about a business concept, testing those hypotheses, adapting, and continuously learning and improving. This cycle of experimentation is complemented with foundational business knowledge such as marketing and finance.
Official website here: www.unchartedlearning.org
Who is the CEO of Uncharted Learning Nfp?
Christine Scott is the Director of Uncharted Learning Nfp.
Official website here: www.unchartedlearning.org
What is the revenue of Uncharted Learning Nfp?
Uncharted Learning Nfp's revenue in 2023 was $2,090,094.
Official website here: www.unchartedlearning.org
Who are the executives of Uncharted Learning Nfp and what are their salaries?
The average compensation at Uncharted Learning Nfp during 2023 was $85,004. There are 16 employees at Uncharted Learning Nfp.
Here are 5 key members and their salaries:
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Official website here: www.unchartedlearning.org
Where can I find the form 990 for Uncharted Learning Nfp?
Uncharted Learning Nfp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.unchartedlearning.org
Learn more at the official website: www.unchartedlearning.org
Mission Statement of Uncharted Learning Nfp
Uncharted Learning NFP, as an organization, is dedicated to equipping students with essential real-world skills. Their mission is multifaceted, aiming to inspire students to discover their passions, strengthen their capabilities, and ultimately, create their own futures. This is achieved through their IncubatorDU program, which offers students a hands-on entrepreneurship experience. Students are given the opportunity to conceptualize, develop, and fully realize their own products or services. Volunteer coaches and business experts, experienced entrepreneurs and professionals, guide student teams through the Lean Startup process. This involves formulating hypotheses about a business concept, testing these hypotheses, adapting, and continuously learning and improving. This cycle of experimentation is coupled with fundamental business skills such as marketing and finance. In essence, Uncharted Learning NFP empowers students to become self-reliant, innovative individuals, ready to shape their own paths in life.
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Impact
July, 2024
Uncharted Learning Nfp's impact lies in equipping students with real-world skills to inspire them to discover their passions, strengthen their capabilities, and create their own futures. Through their Incubatoredu program, students engage in authentic entrepreneurship experiences where they develop products or services with the guidance of volunteer coaches and mentors from the business world. This hands-on approach enables students to go through the lean startup process, continuously learning and improving their business concepts. Ultimately, Uncharted Learning Nfp's mission is to empower students through education, helping them build the skills necessary for success in the modern world.
This information is meant to be a general summary of Uncharted Learning Nfp. 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: $93,154
- Program Service Revenue: $1,971,737
- Gross Receipts: $2,090,094
Assets and Liabilities:
- Total Assets: $1,560,100
- Total Liabilities: $70,250
- Net Assets: $1,489,850
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Organization Details
Founding Year
2014
Phone
(847) 508-2635Principal Officer
Christine Scott
Main Address
234 JAMES ST SUITE 6, BARRINGTON, IL, 60010
Website
www.unchartedlearning.orgNTEE Category
Code: B90 - Education
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