Overview
What is Wisdom & Money?
Wisdom & Money is a nonprofit organization situated in Menlo Park, California. Their mission revolves around encouraging individuals of wealth and those from a wealth-based culture to view money as a means to spiritual transformation, impacting personal, communal, and systemic levels. They accomplish this through various activities, including retreats, workshops, spiritual companioning, and written reflections. Recently, they launched an 18-month Trailblazing Institute, consisting of four-day trainings, exploring the intersection of three practices (Wisdom spiritual practices, the Be Present Empowerment Model, and Transformative Money Practices), aimed at fostering inner transformation and partnership. Currently, the organization employs a team of four individuals.
Official website here: www.wisdomandmoney.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two Stars, 61%)
Wisdom & Money has received a Two-Star out of Four Star rating from Charity Navigator, indicating that the organization needs improvement in various areas. The overall score of 61% reflects significant concerns regarding its financial transparency, particularly the absence of financial statements, which has resulted in a score of 0 out of 15 points in that category. Despite this, the organization does demonstrate some strengths, such as a majority of independent board members and a low liabilities-to-assets ratio of 6.84%.
The board's structure shows a commitment to independence, with 84% of its members being independent, which is a positive indicator for governance. Additionally, the organization has policies in place for conflict of interest, whistleblower protections, and document retention, all of which were scored favorably. However, the program expense ratio of 54.27% suggests that a larger portion of expenses may not be directed towards programs, which could be a concern for potential donors.
While the salaries of key personnel are disclosed, they may raise questions regarding compensation relative to the organization's overall financial health. The President's salary, for example, is $114,074, which could be scrutinized in light of the financial reporting issues. Overall, while Wisdom & Money has demonstrated some positive governance practices, significant improvements are needed in financial transparency and program efficiency to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Wisdom & Money legitimate?
Wisdom & Money is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisdom & Money 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: $254,410
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,355
For more financial information, click here
Official website here: www.wisdomandmoney.org
What is the mission statement of Wisdom & Money?
Wisdom & Money's mission is centered around encouraging individuals of wealth and those from a wealth-oriented culture to view money as a tool for spiritual growth. They achieve this goal through various offerings such as retreats, trainings, spiritual companioning, written reflections, and workshops. These activities are designed to facilitate personal, communal, and systemic transformations related to money, fostering inner transformation, partnership, and social justice. The organization has launched an 18-month Trailblazing Institute and conducted several four-day trainings, allowing participants to explore the intersections of wisdom spiritual practices, the Be Present Empowerment Model, and Transformative Money Practices.
Official website here: www.wisdomandmoney.org
Who is the CEO of Wisdom & Money?
Bernard Murphy is the Treasurer of Wisdom & Money.
Official website here: www.wisdomandmoney.org
What is the revenue of Wisdom & Money?
Wisdom & Money's revenue in 2022 was $502,917.
Official website here: www.wisdomandmoney.org
Who are the executives of Wisdom & Money and what are their salaries?
The average compensation at Wisdom & Money during 2022 was $75,941. There are 4 employees and 11 volunteers at Wisdom & Money.
Here are 14 key members and their salaries:
- Compensation: $114,074
- Related: $0
- Other: $9,954
- Compensation: $88,408
- Related: $0
- Other: $2,176
- Compensation: $51,928
- Related: $0
- Other: $2,985
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wisdomandmoney.org
Where can I find the form 990 for Wisdom & Money?
Wisdom & Money's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wisdomandmoney.org
Learn more at the official website: www.wisdomandmoney.org
Mission Statement of Wisdom & Money
Wisdom & Money, a nonprofit organization, is dedicated to inspiring individuals of wealth and those from a wealth-oriented culture to view money as a means to spiritual transformation on a personal, communal, and systemic level. Through retreats, trainings, spiritual companioning, written reflections, and workshops, Wisdom & Money aims to foster an engagement with money that goes beyond financial gains, encouraging a holistic and transformative approach. The organization's mission is to facilitate this transformation by offering participants opportunities to explore three distinct streams of practice: Wisdom spiritual practices, the Be Present Empowerment Model, and Transformative Money Practices. These practices are designed to support inner transformation, foster partnerships, and drive social justice, ultimately promoting a more spiritually enriching relationship with money.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Wisdom & Money's impact can be seen in its efforts to encourage people of wealth and those from a culture of wealth to engage with money as a pathway to spiritual transformation on personal, communal, and systemic levels. Through retreats, trainings, spiritual companioning, written reflections, and workshops, Wisdom & Money strives to create opportunities for individuals to explore the intersection of spiritual practices, empowerment models, and transformative money practices. By offering programs like the Trailblazing Institute and trainings focused on inner transformation, partnership, and social justice, Wisdom & Money is fostering a deeper understanding of the role of money in spiritual growth and social change.
This information is meant to be a general summary of Wisdom & Money. 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: $108
- Program Service Revenue: $51,900
- Gross Receipts: $502,917
Assets and Liabilities:
- Total Assets: $277,874
- Total Liabilities: $19,021
- Net Assets: $258,853
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Registrations
Revenue
$51,900
Organization Details
Founding Year
2016
Principal Officer
Bernard Murphy
Main Address
1259 El Camino Real STE 241, Menlo Park, CA, 94025
Website
www.wisdomandmoney.orgNTEE Category
Code: W11 - Public benefit
If you are a representative of Wisdom & Money and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.