Overview
What is The Partnership Inc?
The Partnership Inc, located in Wilmington, Delaware, is an economic development organization with a primary focus on promoting job growth. They achieve this goal by fostering collaborative partnerships within the community. Their mission is clearly defined as striving to enhance employment opportunities by establishing strategic partnerships. This nonprofit organization plays a crucial role in Wilmington's economic development landscape.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating.
The Partnership Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a commendable level of accountability and financial health. The evaluation is primarily based on the charity's robust governance practices, with a fully independent board and no reported material diversion of assets. Their document retention policies and meeting minutes are well maintained, contributing positively to their overall score.
In terms of financial metrics, The Partnership Inc has a program expense ratio of 74.13%, indicating that a significant portion of their expenditures is directed towards their programs and mission-related activities. Their liabilities to assets ratio stands at 52.87%, which suggests that the organization maintains a reasonable balance between its assets and debts. This financial stability is crucial for long-term sustainability.
While the charity excels in several areas, the overall score being derived from a single beacon score may limit a comprehensive understanding of its performance across multiple dimensions. However, the strengths highlighted in governance and financial management suggest that The Partnership Inc is a responsible organization committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Partnership Inc legitimate?
The Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Partnership 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: $83,000
For more financial information, click here
What is the mission statement of The Partnership Inc?
The organization known as The Partnership has a mission to stimulate job growth by fostering collaborations. As an economic development entity, its primary objective is to enhance employment opportunities by establishing strategic partnerships. This mission is aimed at driving economic growth and development, without specifying a particular location. The organization's activities revolve around this mission, with the ultimate goal of promoting a thriving economic environment.
What is the revenue of The Partnership Inc?
The Partnership Inc's revenue in 2023 was $146,800.
Who are the executives of The Partnership Inc and what are their salaries?
Here are 18 key members and their salaries:
- 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
- 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: $270,623
- Other: $5,037
Where can I find the form 990 for The Partnership Inc?
The Partnership Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Partnership Inc
The Partnership Inc, as an economic development organization, is dedicated to improving job growth by fostering partnerships. Its mission is to catalyze opportunities for employment expansion by establishing collaborative alliances. By leveraging these partnerships, The Partnership Inc aims to stimulate job creation and drive economic development.
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
October, 2024
The Partnership Inc significantly impacts job growth in Wilmington, DE, by fostering strategic partnerships that drive economic development. By connecting local businesses, educational institutions, and community organizations, it creates a collaborative environment that stimulates workforce development and enhances opportunities for residents. The organization prioritizes education as a cornerstone of its mission, ensuring that individuals are equipped with the skills necessary to thrive in a competitive job market. Through targeted initiatives and collaborative efforts, The Partnership Inc not only boosts employment prospects but also contributes to the overall economic vitality of the region.
This information is meant to be a general summary of The Partnership 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 2023.
- Program Service Revenue: $146,800
- Gross Receipts: $146,800
Assets and Liabilities:
- Total Assets: $155,320
- Total Liabilities: $82,130
- Net Assets: $73,190
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.
INTERN DE INCOME
Revenue
$103,000
SSE INCOME
Revenue
$43,800
Organization Details
Founding Year
1990
Principal Officer
Michael J Quaranta
NTEE Category
Code: B80 - Education
If you are a representative of The Partnership Inc 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.