Overview
What is The First 72?
The First 72 is a nonprofit organization situated in New Orleans, Louisiana, with a mission to break the cycle of incarceration. They accomplish this by promoting self-sustainability through various means, such as education, affordable housing, economic empowerment, legal aid, and a small business incubator. The organization, led by formerly incarcerated individuals, provides a supportive environment that helps individuals rebuild their lives after prison by focusing on stable housing, employment, healthcare, and community engagement. The First 72+ aims to offer the best opportunities for personal growth and development, ensuring that not only the individuals but also their families and communities can thrive.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
The First 72 has received a Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The organization excels particularly in its governance practices, with 100% of its board members being independent, which enhances oversight and decision-making. Additionally, the lack of any material diversion of assets and a well-documented whistleblower policy contribute positively to its governance framework.
Financially, The First 72 demonstrates a strong program expense ratio of 79.34%, which suggests that a significant portion of its budget is allocated directly to its programs rather than administrative costs. The organization's liabilities to assets ratio is also low at 13.58%, indicating prudent financial management.
While the organization achieves commendable scores across various metrics, the overall rating reflects room for improvement in certain areas to enhance its operational effectiveness and transparency. Continued progress in these respects will be essential for building trust and support from the community and donors.
This AI summary has been generated from information found on Charity Navigator.
Is The First 72 legitimate?
The First 72 is a legitimate nonprofit organization registered as a 501(c)(3) entity. The First 72 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: $175,516
Professional Fundraising Fees: $75,272
Other Salaries and Wages: $422,161
For more financial information, click here
What is the mission statement of The First 72?
The organization known as The First 72 has a mission to break the cycle of incarceration. They achieve this by promoting self-sustainability and independence among individuals who have served their prison sentences. This is accomplished through various means, including education, secure and stable housing, employment opportunities, healthcare services, and active engagement with their communities. The unique approach of The First 72 is to leverage the experiences and insights of formerly incarcerated individuals themselves, thereby tailoring the re-entry process to capitalize on their strengths and capabilities. This comprehensive strategy aims to provide these individuals, their families, and their communities with the optimal environment to flourish and progress.
Who is the CEO of The First 72?
Unavailable
What is the revenue of The First 72?
The First 72's revenue in 2022 was $1,699,209.
Who are the executives of The First 72 and what are their salaries?
The average compensation at The First 72 during 2022 was $31,457. There are 19 employees at The First 72.
Here are 2 key members and their salaries:
- Compensation: $98,333
- Related: $0
- Other: $0
- Compensation: $77,183
- Related: $0
- Other: $0
Where can I find the form 990 for The First 72?
The First 72's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The First 72
The First 72 is an organization committed to halting the recurring cycle of incarceration. They achieve this by empowering individuals who have served their prison sentences to attain self-sufficiency and independence. Their approach involves providing education, stable housing, employment opportunities, healthcare, and fostering community engagement. The organization's unique strength lies in its leadership by formerly incarcerated individuals, who guide the re-entry experience, leveraging their own experiences to help others build on their abilities and create opportunities for growth. The ultimate goal is to ensure that these individuals, their families, and their communities can thrive, breaking the shackles of the incarceration cycle.
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Impact
July, 2024
The First 72's impact can be seen in the transformation of the re-entry experience for individuals coming home from prison. By providing access to education, stable housing, employment opportunities, healthcare, and community engagement, The First 72 enables individuals to build independence and self-sustainability. The organization, led by formerly incarcerated individuals, empowers its clients to grow and thrive, breaking the cycle of incarceration and creating a positive impact on their families and communities.
This information is meant to be a general summary of The First 72. 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.
- Gross Receipts: $1,699,209
Assets and Liabilities:
- Total Assets: $1,393,124
- Total Liabilities: $189,237
- Net Assets: $1,203,887
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Organization Details
Phone
(303) 946-5375Main Address
2915 PERDIDO STREET, NEW ORLEANS, LA, 70119
NTEE Category
Code: P80 - Human services
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