Overview
What is The 250 Inc?
The 250 Inc, located in Cleveland, Ohio, is a nonprofit organization with an annual fundraising event. Their primary objective is to unite the community, celebrating past achievements. This event not only boosts community spirit but also encourages philanthropy. The proceeds from this event support various Big Brothers Big Sisters organizations and other eligible charities. By bringing people together and advocating for these causes, The 250 Inc contributes to the betterment of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (73%)
The 250 Inc has received a rating of Two-Star from Charity Navigator, indicating that there are areas for improvement in its operations. With an overall score of 73%, the organization demonstrates solid performance in accountability and finance, achieving a perfect score for its independent board composition and material diversion of assets. The program expense ratio of 88.16% further suggests that a significant portion of its expenditures is directed toward its programs.
However, the organization faces notable limitations, particularly regarding its governance and transparency policies. It lacks several important policies, such as those addressing conflicts of interest, whistleblowing, and document retention, which could raise concerns about its operational integrity. Additionally, the absence of a publicly accessible tax form on its website might hinder stakeholders’ ability to review its financial practices.
Overall, while The 250 Inc excels in certain financial metrics, its governance weaknesses could detract from its overall credibility. Addressing these shortcomings could enhance its standing in the nonprofit sector and improve stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is The 250 Inc legitimate?
The 250 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 250 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The 250 Inc?
The organization known as The 250 Inc has a primary purpose of annually gathering the community to celebrate past achievements. This event serves to boost community spirit and philanthropy. As part of its activities, The 250 Inc hosts an annual fundraising event, which benefits various Big Brothers Big Sisters organizations and other eligible charities. The event's goal is to bring the community together, honor past achievements, and foster a sense of giving back. This annual gathering enhances the sense of unity and community involvement, promoting philanthropic efforts.
Who is the CEO of The 250 Inc?
Jeremy Bass is the Treasurer of The 250 Inc.
What is the revenue of The 250 Inc?
The 250 Inc's revenue in 2021 was $241.
Who are the executives of The 250 Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The 250 Inc?
The 250 Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The 250 Inc
The 250 Inc, as a nonprofit organization, is dedicated to fostering a sense of community and philanthropy by bringing people together annually to honor past achievements. This gathering serves as a platform to enhance the collective spirit of the community, encouraging contributions to various charitable causes. The organization's primary activity is an annual fundraising event, which benefits several Big Brothers Big Sisters organizations and other eligible charities. Through this event, The 250 Inc seeks to make a positive impact on its community, celebrating past achievements and inspiring future acts of kindness and generosity.
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Impact
October, 2024
The 250 Inc significantly enhances community spirit and philanthropy in Cleveland, Ohio, by annually bringing together members of the community to celebrate past achievements. This gathering not only honors individual accomplishments but also promotes a culture of giving and support for local initiatives.
Through its annual fundraising event, The 250 Inc directly benefits various Big Brothers Big Sisters organizations and other qualified charities, contributing to youth development and fostering mentorship in the region. The collective effort strengthens the community by encouraging civic engagement and collaboration among individuals who share a commitment to uplifting one another. Moreover, the initiative reinforces a sense of belonging and pride within Cleveland, creating lasting positive impacts that resonate well beyond the event itself.
This information is meant to be a general summary of The 250 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 2021.
- Gross Receipts: $241
Assets and Liabilities:
- Total Assets: $12,556
- Total Liabilities: $0
- Net Assets: $12,556
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Organization Details
Founding Year
2015
Principal Officer
Jeremy Bass
Main Address
12600 ROCKSIDE ROAD STE 189, Cleveland, OH, 44125
NTEE Category
Code: O12 - Youth development
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