Overview
What is The Leverage Network Inc?
The Leverage Network Inc, located in Chicago, Illinois, is a dedicated nonprofit organization with a mission to foster the advancement of African Americans in governance roles within the healthcare sector. Their primary goal is to increase the number of board seats held by African Americans in health services and life sciences organizations. To achieve this, they have established a Board of Advisors for their Healthcare Board Initiative. This initiative aims to enhance the representation of African Americans in executive leadership positions, expand the number of African Americans holding board seats in major healthcare organizations, and boost the number of significant healthcare contracts awarded to African American entrepreneurs. The organization currently employs a team of three individuals.
Official website here: www.theleveragenetworkinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
The Leverage Network Inc has received a low rating primarily due to its Accountability & Finance score of 44%. This score reflects various factors, including a strong composition of independent board members and proper financial oversight mechanisms, but it is significantly hampered by missing critical policies such as a conflict of interest policy and a whistleblower policy. These omissions indicate potential weaknesses in governance and transparency.
While the organization has achieved high marks in areas such as material diversion of assets and maintaining board meeting minutes, its overall financial health appears concerning. With a program expense ratio of only 36.04% and a liabilities to assets ratio of 23.45%, there are indications that a limited proportion of funds are directed towards programs, which could affect the charity's effectiveness in fulfilling its mission.
In summary, while The Leverage Network Inc demonstrates some strengths in governance, the lack of essential policies and the relatively low allocation of resources towards its programs are significant limitations. Prospective donors and stakeholders may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Leverage Network Inc legitimate?
The Leverage Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Leverage Network 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: $326,568
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.theleveragenetworkinc.com
What is the mission statement of The Leverage Network Inc?
The Leverage Network Inc's mission is centrally focused on promoting the advancement of African Americans in leadership roles within the healthcare sector. Specifically, their objective is to increase the number of board seats held by African Americans in health services and life sciences organizations. To achieve this, they have established a board of advisors for their healthcare initiative, which aims to boost the representation of African Americans in executive leadership positions, expand the number of African Americans on the boards of major healthcare organizations, and enhance the number of significant healthcare contracts awarded to African American entrepreneurs.
Official website here: www.theleveragenetworkinc.com
Who is the CEO of The Leverage Network Inc?
Antoinette Hardy-Waller is the Director of The Leverage Network Inc. The CEO's salary of The Leverage Network Inc is $132,637 and their total compensation is $132,637.
Official website here: www.theleveragenetworkinc.com
What is the revenue of The Leverage Network Inc?
The Leverage Network Inc's revenue in 2022 was $725,823.
Official website here: www.theleveragenetworkinc.com
Who are the executives of The Leverage Network Inc and what are their salaries?
The average compensation at The Leverage Network Inc during 2022 was $108,856. There are 3 employees at The Leverage Network Inc.
Here are 11 key members and their salaries (The Leverage Network Inc's CEO's salary is $132,637 and their total compensation is $132,637):
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- Compensation: $132,637
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Official website here: www.theleveragenetworkinc.com
Where can I find the form 990 for The Leverage Network Inc?
The Leverage Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theleveragenetworkinc.com
Learn more at the official website: www.theleveragenetworkinc.com
Mission Statement of The Leverage Network Inc
The Leverage Network Inc, a nonprofit organization, is dedicated to promoting the advancement of African Americans in governance roles within the healthcare and life sciences sectors. Their mission is twofold: firstly, to increase the representation of African Americans in executive leadership positions, and secondly, to boost the number of African Americans holding seats on the boards of major healthcare organizations. Additionally, The Leverage Network Inc aims to enhance the number of major healthcare contracts awarded to African American entrepreneurs. To achieve these objectives, they established a board of advisors for their Healthcare Board Initiative.
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Impact
July, 2024
The Leverage Network Inc's impact is focused on promoting the advancement of African Americans in governance roles in healthcare and increasing the number of board seats held by African Americans in health services and life sciences organizations. By dedicating itself solely to this cause, The Leverage Network is contributing towards increasing the representation of African Americans in executive leadership positions, expanding the presence of African Americans on major healthcare organization boards, and enhancing the participation of African American entrepreneurs in securing significant healthcare contracts. This work is crucial for advancing civil rights and fostering diversity and inclusion within the healthcare industry.
This information is meant to be a general summary of The Leverage Network 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: $1,939
- Gross Receipts: $934,401
Assets and Liabilities:
- Total Assets: $708,057
- Total Liabilities: $166,083
- Net Assets: $541,974
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Organization Details
Founding Year
2015
Phone
(773) 420-3453Principal Officer
Antoinette Hardy-Waller
Main Address
333 N GREEN ST, CHICAGO, IL, 60607
NTEE Category
Code: R22 - Civil rights
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