Overview
What is Soce Neighborhood Action Foundation?
Soce Neighborhood Action Foundation is a nonprofit organization primarily focused on promoting asset-based community development. Based in Wichita, Kansas, their mission is to enhance neighboring relationships by highlighting the existing assets and resources within their local community. Through their Neighboring Movement, they educate and encourage strengthening connections among neighbors, benefiting the SC neighborhood in Wichita and extending their impact across the United States. The foundation's work aims to foster a sense of community and support, ultimately improving the well-being of its residents.
Official website here: www.neighboringmovement.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Stars)
Soce Neighborhood Action Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization has performed well in several governance aspects, demonstrating strong oversight with a fully independent board and no material diversion of assets. Additionally, it has been transparent by listing its website on tax forms and maintaining a conflict of interest policy.
However, there are notable concerns regarding the organization's transparency and financial practices. The absence of a whistleblower policy and document retention guidelines reflects gaps in governance that could impact accountability. Moreover, a high liabilities to assets ratio of 79.02% raises questions about the organization's financial stability, even though its program expense ratio is commendably high at 96.74%, indicating that most funds are directed towards programs rather than administrative costs.
Overall, while Soce Neighborhood Action Foundation demonstrates strengths in governance and program funding, its financial risks and missing policies highlight areas that require attention to enhance overall credibility and trust.
This AI summary has been generated from information found on Charity Navigator.
Is Soce Neighborhood Action Foundation legitimate?
Soce Neighborhood Action Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Soce Neighborhood Action Foundation 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: $109,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $271,143
For more financial information, click here
Official website here: www.neighboringmovement.org
What is the mission statement of Soce Neighborhood Action Foundation?
The Soce Neighborhood Action Foundation's mission is centered around promoting asset-based community development. They strive to enhance neighboring relationships by highlighting and leveraging the existing assets and resources within communities, not just in Wichita, Kansas, but across the United States. By focusing on these assets, the foundation aims to foster stronger community connections and improve the overall well-being of the community members.
Official website here: www.neighboringmovement.org
What is the revenue of Soce Neighborhood Action Foundation?
Soce Neighborhood Action Foundation's revenue in 2023 was $465,771.
Official website here: www.neighboringmovement.org
Who are the executives of Soce Neighborhood Action Foundation and what are their salaries?
The average compensation at Soce Neighborhood Action Foundation during 2023 was $31,695. There are 12 employees and 253 volunteers at Soce Neighborhood Action Foundation.
Here are 13 key members and their salaries:
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Official website here: www.neighboringmovement.org
Where can I find the form 990 for Soce Neighborhood Action Foundation?
Soce Neighborhood Action Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.neighboringmovement.org
Learn more at the official website: www.neighboringmovement.org
Mission Statement of Soce Neighborhood Action Foundation
Soce Neighborhood Action Foundation, an organization focused on community development, promotes the concept of asset-based community development. Their mission is to strengthen neighboring relationships by identifying and leveraging the existing assets and resources within the community, specifically in the SC neighborhood of Wichita, Kansas, and expanding this approach nationwide. By emphasizing the inherent strengths and potential of community members, Soce Neighborhood Action Foundation aims to foster a sense of unity and cooperation among neighbors, ultimately enriching the community as a whole.
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Impact
July, 2024
Soce Neighborhood Action Foundation, operating under the Neighboring Movement, has been making a significant impact in the SC neighborhood of Wichita, KS, as well as across the United States. By teaching asset-based community development, the organization is focusing on the strengths and resources existing within these communities to strengthen neighboring relationships. This approach is not only benefiting individuals and families in the SC neighborhood but also spreading a positive ripple effect throughout the country. Through their work, Soce Neighborhood Action Foundation is fostering a sense of empowerment and collaboration among community members, ultimately leading to a more resilient and connected society.
This information is meant to be a general summary of Soce Neighborhood Action Foundation. 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: $4,440
- Program Service Revenue: $59,766
- Gross Receipts: $497,489
Assets and Liabilities:
- Total Assets: $393,480
- Total Liabilities: $60,965
- Net Assets: $332,515
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$39,613
TEACHING INCOME
Revenue
$20,153
Organization Details
Founding Year
2015
Principal Officer
Adam Barlow-Thompson
Website
www.neighboringmovement.orgNTEE Category
Code: W70 - Public benefit
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