Overview
What is 482 Forward?
482 Forward is a Detroit-based nonprofit organization committed to investing in the community's needs and vision. Their primary goal is to ensure that every student graduates prepared to engage effectively in the world, equipped with the necessary character and capacity to shape their environment for the better. Regardless of race or socioeconomic status, they believe every student deserves an excellent education. With a team of 12 dedicated individuals, they work tirelessly to empower students to become active participants in their communities. Their projects are strategically determined to address the city's needs and promote collective responsibility for student success.
Official website here: www.482forward.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating, 73%
482 Forward has received a two-star rating from Charity Navigator, indicating that the organization needs improvement. The overall score of 73% reflects solid accountability and finance metrics, with a perfect score in this category. The organization has an independent board with all members meeting required standards, suggesting a strong governance structure. However, there are notable gaps in transparency and financial reporting that could impact stakeholders' trust.
While 482 Forward excels in program expense ratio, allocating a substantial 91.77% of its budget to program activities, it falters in other critical areas. The absence of financial statements and lack of published tax forms on its website highlight areas where the organization could enhance its transparency. Moreover, the lack of a conflict of interest policy and whistleblower policy raises concerns regarding internal governance and accountability.
In conclusion, while 482 Forward demonstrates strengths in governance and program funding, significant improvements in financial transparency and policy implementation are necessary to bolster its overall effectiveness and public trust. Stakeholders may want to monitor these areas as they consider supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is 482 Forward legitimate?
482 Forward is a legitimate nonprofit organization registered as a 501(c)(3) entity. 482 Forward 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: $471,138
For more financial information, click here
Official website here: www.482forward.org
What is the mission statement of 482 Forward?
482 Forward aims to establish an environment where every student graduates equipped to actively engage in society and positively influence their surroundings. Equipped with character and the necessary skills, these students are expected to negotiate and transform their environment for the better. The organization believes in the right of every child to receive a high-quality education, regardless of their racial or socioeconomic background. Student success is viewed as a collective responsibility within the community. The projects undertaken by 482 Forward are determined by the community's needs and vision.
Official website here: www.482forward.org
Who is the CEO of 482 Forward?
Molly Sweeney is the Executive Di of 482 Forward.
Official website here: www.482forward.org
What is the revenue of 482 Forward?
482 Forward's revenue in 2021 was $1,630,441.
Official website here: www.482forward.org
Who are the executives of 482 Forward and what are their salaries?
The average compensation at 482 Forward during 2021 was $39,262. There are 12 employees at 482 Forward.
Here are 11 key members and their salaries:
- Compensation: $70,810
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- Other: $0
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- Other: $0
Official website here: www.482forward.org
Where can I find the form 990 for 482 Forward?
482 Forward's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.482forward.org
Learn more at the official website: www.482forward.org
Mission Statement of 482 Forward
482 Forward, a nonprofit organization, is committed to creating a city where every student graduates, equipped with the character and capability to actively engage in the world and influence positive change. Their mission is to foster an environment where students, regardless of their racial or socioeconomic background, are ready to contribute to society. The organization believes in the collective responsibility of the community in ensuring student success. Their projects are driven by the community's needs and vision, reflecting their belief in every child's right to a quality education.
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Impact
July, 2024
The impact of 482 Forward is focused on creating a Detroit where every student graduates ready to actively participate in the world, equipped with the character and skills to navigate their environment and effect positive change. Through its projects determined by community needs and vision, 482 Forward works towards ensuring that all children have access to an excellent education regardless of their background. By emphasizing that student success is a collective responsibility, this organization in Detroit, Michigan, is striving to transform the educational landscape and empower students to reach their full potential.
This information is meant to be a general summary of 482 Forward. 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: $1,630,441
Assets and Liabilities:
- Total Assets: $1,642,868
- Total Liabilities: $0
- Net Assets: $1,642,868
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Organization Details
Founding Year
2016
Phone
(313) 444-3198Principal Officer
Molly Sweeney
Main Address
1211 TRUMBULL STREET, DETROIT, MI, 48216
Website
www.482forward.orgNTEE Category
Code: B90 - Education
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