Overview
What is Rebound Inc?
Rebound Inc, located in Minneapolis, Minnesota, is a dedicated nonprofit organization that aims to innovate and deliver evidence-based and community-centered education, advocacy, and rehabilitation solutions to address the challenges facing the Black community in the Twin Cities. In the recent fiscal year, Rebound operated three culturally specific therapeutic residential group homes/shelters for youth: Jordan House for boys in Minneapolis, Naima House for girls, and Jelani House for boys in St. Paul. During this period, the organization served a total of 37 young individuals, with 12 at Jordan House, 12 at Naima House, and 13 at Jelani House. Rebound's mission is to lead the way in providing comprehensive support to the Black community, employing a workforce of 60 dedicated individuals.
Official website here: www.reboundmpls.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Rebound Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating exceptional performance in accountability and finance. The charity's overall score is derived entirely from its strong accountability measures, demonstrating a commitment to transparency and responsible financial management.
The organization boasts an independent board of directors, with 80% of its members being independent, which contributes to its effective governance structure. Additionally, Rebound Inc scores highly in areas such as financial oversight, program expense ratios, and adherence to conflict of interest policies, reflecting its dedication to ethical management and efficient use of resources.
While the data highlights numerous strengths, no significant limitations were noted regarding the organization's fiscal practices or governance. This robust score is a testament to Rebound Inc’s operational integrity and its capacity to effectively serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Rebound Inc legitimate?
Rebound Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rebound 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: $202,849
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,004,684
For more financial information, click here
Official website here: www.reboundmpls.org
What is the mission statement of Rebound Inc?
Rebound Inc is committed to leading the way in the innovation and provision of evidence-based and community-centered education, advocacy, and rehabilitation solutions to the issues facing the Black community. Their mission is aimed at addressing these challenges through the development and implementation of culturally specific therapeutic residential group homes/shelters. In this fiscal year, Rebound Inc operated three such programs in Minneapolis, serving a total of 37 youth. Their efforts are focused on providing resources and support tailored to the unique needs of the Black community in the Twin Cities.
Official website here: www.reboundmpls.org
Who is the CEO of Rebound Inc?
Carmeann Foster is the Member of Rebound Inc.
Official website here: www.reboundmpls.org
What is the revenue of Rebound Inc?
Rebound Inc's revenue in 2022 was $2,264,517.
Official website here: www.reboundmpls.org
Who are the executives of Rebound Inc and what are their salaries?
The average compensation at Rebound Inc during 2022 was $20,126. There are 60 employees and 15 volunteers at Rebound Inc.
Here are 7 key members and their salaries:
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- Compensation: $126,036
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- Other: $0
- Compensation: $87,517
- Related: $0
- Other: $0
Official website here: www.reboundmpls.org
Where can I find the form 990 for Rebound Inc?
Rebound Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reboundmpls.org
Learn more at the official website: www.reboundmpls.org
Mission Statement of Rebound Inc
Rebound Inc, a leading organization, is committed to spearheading innovative and community-centered education, advocacy, and rehabilitation solutions to address the challenges facing the Black community in the Twin Cities. Their mission is to lead the way in providing evidence-based solutions, focusing on education, advocacy, and rehabilitation to address the unique needs of this community. In the current fiscal year, Rebound Inc has continued its efforts by operating three culturally specific therapeutic residential group homes/shelters in Minneapolis: Jordan House for boys, Naima House for girls, and Jelani House for boys in St. Paul. These programs have served a total of 37 youth, with 12 young men at Jordan House, 12 young women at Naima House, and 13 young men at Jelani House. Rebound Inc's mission is to be a beacon of hope and change for the Black community, offering tailored solutions and a supportive environment to help individuals overcome the challenges they face.
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Impact
July, 2024
Rebound Inc leads the way in providing evidence-based and community-centered education, advocacy, and rehabilitation solutions to address the issues impacting the Black community in the Twin Cities. This organization has a significant impact through its culturally specific therapeutic residential group homes and shelter programs in Minneapolis and St. Paul. By serving youth in these programs, Rebound Inc is actively working to address the needs of vulnerable individuals and provide them with essential support and resources. This targeted approach contributes positively to the well-being and development of the Black community in the Twin Cities, creating a lasting impact on those it serves.
This information is meant to be a general summary of Rebound 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.
- Investment Income: $6,112
- Program Service Revenue: $2,077,508
- Gross Receipts: $2,264,517
Assets and Liabilities:
- Total Assets: $1,798,731
- Total Liabilities: $290,353
- Net Assets: $1,508,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUP HOME SERVICES
Revenue
$1,644,138
AFTER CARE SEVICES
Revenue
$250,000
TRAUMA SERVICES
Revenue
$109,653
MENTORING SERVICES
Revenue
$73,717
Organization Details
Founding Year
2014
Phone
(612) 205-6640Principal Officer
Carmeann Foster
Main Address
710 W BROADWAY AVE, MINNEAPOLIS, MN, 55411
Website
www.reboundmpls.orgNTEE Category
Code: P99 - Human services
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