Overview
What is Reframe Labs Inc?
Reframe Labs Inc, situated in Charlotte, North Carolina, is a nonprofit organization dedicated to fostering innovative leaders in the PK-12 educational sector. Their primary mission involves establishing new educational institutions and encouraging visionaries to expand their impact. The company operates as a leadership development venture studio and consultancy, working to bring fresh ideas in primary and secondary education to life. With a focus on school innovation, Reframe Labs Inc employs a team of one individual, actively engaged in activities that align with their stated purpose, as permitted by law.
Official website here: www.reframelabs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Reframe Labs Inc has received a One-Star rating with a score of 58%, primarily driven by its Accountability & Finance metrics. While the organization demonstrates a strong commitment to governance with 75% of its board members being independent, it falls short in several critical financial transparency areas, such as providing financial statements. This lack of accessible financial information significantly impacts its overall rating.
The organization performs well in certain aspects, including a high program expense ratio of 71.04%, indicating that a substantial portion of its budget is directed towards its programs. Additionally, it has a robust conflict of interest policy and documents board meeting minutes, reflecting good governance practices. However, the absence of a whistleblower policy and missing documentation related to financial statements and tax forms raises concerns regarding its operational transparency.
Overall, while Reframe Labs Inc shows strengths in governance and program spending, its financial transparency issues and missing policies limit its rating and may affect potential donors' trust. Addressing these gaps could improve its standing and enhance public confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Reframe Labs Inc legitimate?
Reframe Labs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reframe Labs 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: $60,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $200,266
For more financial information, click here
Official website here: www.reframelabs.org
What is the mission statement of Reframe Labs Inc?
Reframe Labs Inc's mission primarily revolves around supporting the growth and success of innovative PK-12 schools. Their objective is to nurture talent in the field of school innovation. They are permitted to engage in activities that are related to or further their stated purpose, as per law. Reframe Labs also offers leadership development programs, a venture studio, and consultancy services. They assist innovative leaders in establishing new PK-12 organizations and help changemakers amplify their impact.
Official website here: www.reframelabs.org
Who is the CEO of Reframe Labs Inc?
Russell Altenburg is the Ceo of Reframe Labs Inc. The CEO's salary of Reframe Labs Inc is $60,200 and their total compensation is $198,200.
Official website here: www.reframelabs.org
What is the revenue of Reframe Labs Inc?
Reframe Labs Inc's revenue in 2022 was $507,500.
Official website here: www.reframelabs.org
Who are the executives of Reframe Labs Inc and what are their salaries?
The average compensation at Reframe Labs Inc during 2022 was $260,466. There is 1 employee at Reframe Labs Inc.
Here are 4 key members and their salaries (Reframe Labs Inc's CEO's salary is $60,200 and their total compensation is $198,200):
- Compensation: $60,200
- Related: $138,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.reframelabs.org
Where can I find the form 990 for Reframe Labs Inc?
Reframe Labs Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reframelabs.org
Learn more at the official website: www.reframelabs.org
Mission Statement of Reframe Labs Inc
Reframe Labs Inc, as a mission-driven organization, primarily focuses on supporting the growth and success of innovative PK-12 schools. The primary goal is to nurture talent for school innovation and engage in activities that are in line with its stated purpose, all within the legal boundaries. Through its Leadership Development Venture Studio and Consultancy, Reframe Labs helps innovative leaders bring new PK-12 organizations into existence. It encourages changemakers to think beyond the ordinary and work towards deepening their impact. By offering its expertise, Reframe Labs aims to contribute to the development and continued success of innovative schools, ultimately playing a role in shaping the future of education.
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Impact
July, 2024
Reframe Labs Inc has a significant impact on the education sector by supporting the development and success of innovative PK-12 schools. Through their Leadership Development Venture Studio and Consultancy, they assist visionary leaders in launching new educational organizations and amplifying their impact. By nurturing talent for school innovation and fostering a mindset of thinking big, Reframe Labs contributes to the evolution and enhancement of educational practices. Their work in CHARLOTTE, NC, is instrumental in driving forward positive change within the education field.
This information is meant to be a general summary of Reframe Labs 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.
- Program Service Revenue: $37,500
- Gross Receipts: $507,500
Assets and Liabilities:
- Total Assets: $357,346
- Total Liabilities: $324,613
- Net Assets: $32,733
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$37,500
Organization Details
Founding Year
2015
Phone
(909) 996-3788Principal Officer
Russell Altenburg
Main Address
6129 Providence Glen Rd, Charlotte, NC, 28270
Website
www.reframelabs.orgNTEE Category
Code: B90 - Education
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