Overview
What is Independent Sector?
Independent Sector is a nonprofit organization situated in Washington D.C., dedicated to fostering a healthier and racially equitable nation where all individuals can thrive. Their primary focus is community building, which involves strengthening relationships and capacities among leaders, advocating for equitable futures, and encouraging collaboration between organizations and communities. In 2022, their activities were largely virtual, engaging over 2,200 changemakers through various events and programs. These initiatives aimed to promote self-care, bridge differences, and transform systems, ultimately working towards a racially just nation. Independent Sector also redesigned its fellowship program, emphasizing networking and community building, and launched an alumni community and a bridging fellowships program to address societal divisions.
Official website here: www.independentsector.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Stars .ating.
Independent Sector has achieved a top rating of 100% from Charity Navigator, signifying exceptional performance in accountability and finance. The organization demonstrates a strong commitment to transparency and responsible governance, as indicated by its perfect scores across various accountability metrics, including the independence of its board and the absence of conflicts of interest.
The organization excels in its financial management, with a program expense ratio of 72.26%, indicating that a significant portion of its funds is directed towards its programs. Additionally, the fundraising efficiency ratio of $0.10 reflects a highly efficient use of resources to generate support, contributing to its strong financial health with a working capital ratio of 2.25 years.
While the organization has garnered praise for its strategies related to equity and community culture, achieving a score of 97 in these areas, there are no significant limitations or concerns highlighted in the data. Overall, Independent Sector exemplifies best practices in nonprofit management and accountability, making it a reputable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Independent Sector legitimate?
Independent Sector is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independent Sector 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: $1,511,462
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,777,140
For more financial information, click here
Official website here: www.independentsector.org
What is the mission statement of Independent Sector?
Independent Sector envisions a world where engaged individuals, robust institutions, and vibrant communities collaborate to improve lives, protect the natural world, and strengthen democratic societies. To achieve this future, they lead and catalyze the charitable community, partnering with government, businesses, and individuals to advance the common good. Their focus is on community building, with a belief in the transformative power of building and sustaining communities. They employ targeted strategies to build a sense of community among leaders, provide opportunities for capacity building, and strengthen relationships to align leaders, organizations, and communities towards a healthy and equitable future. In 2022, their community building efforts included hosting Upswell Pop-ups, Upswell Exchanges, and a virtual Upswell Summit, engaging over 2,200 changemakers nationwide. They also redesigned their Fellowships program and launched an Alumni Community and an Inaugural Bridging Fellows Program to foster a sense of community and embed bridging as a core competency.
Official website here: www.independentsector.org
Who is the CEO of Independent Sector?
Akilah Watkins is the Principal Officer of Independent Sector. The CEO's salary of Independent Sector is $595,904 and their total compensation is $637,041.
Official website here: www.independentsector.org
What is the revenue of Independent Sector?
Independent Sector's revenue in 2022 was $5,491,808.
Official website here: www.independentsector.org
Who are the executives of Independent Sector and what are their salaries?
The average compensation at Independent Sector during 2022 was $107,215. There are 40 employees and 375 volunteers at Independent Sector.
Here are 27 key members and their salaries (Independent Sector's CEO's salary is $595,904 and their total compensation is $637,041):
- Compensation: $595,904
- Related: $0
- Other: $41,137
- Compensation: $287,809
- Related: $0
- Other: $41,931
- Compensation: $242,031
- Related: $0
- Other: $41,912
- Compensation: $227,669
- Related: $0
- Other: $23,188
- Compensation: $129,216
- Related: $0
- Other: $14,750
- Compensation: $149,459
- Related: $0
- Other: $16,112
- Compensation: $128,420
- Related: $0
- Other: $22,335
- Compensation: $160,202
- Related: $0
- Other: $24,664
- Compensation: $137,440
- Related: $0
- Other: $15,555
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Official website here: www.independentsector.org
Where can I find the form 990 for Independent Sector?
Independent Sector's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.independentsector.org
Learn more at the official website: www.independentsector.org
Mission Statement of Independent Sector
Independent Sector envisions a world where engaged individuals, robust institutions, and vibrant communities collaborate to enhance lives, preserve the natural world, and strengthen democratic societies. To actualize this vision, Independent Sector leads and catalyzes the charitable community, fostering partnerships with government, businesses, and individuals to promote the common good. At the heart of its mission is a belief in the transformative power of community building. Through strategic initiatives, Independent Sector fosters a sense of community among leaders, offers capacity-building opportunities, and strengthens relationships to align leaders, organizations, and communities towards a healthy and equitable future.
In 2022, Independent Sector's community building work continued primarily in a virtual environment, maintaining connections with changemakers across the nation. They hosted three Upswell Pop-ups attended by approximately 1,000 individuals, each focusing on crucial conversations for creating a racially just nation. The events emphasized the wellbeing and self-care of changemakers and communities, bridging differences towards justice and belonging, and transforming systems through advocacy and narrative change. They also organized a virtual Upswell Summit, bringing together more than 1,000 changemakers to focus on their collective mission. Planning is underway for an in-person Upswell Summit in Dallas/FT. Worth in November 2023. Independent Sector's Fellowship program was redesigned with a primary focus on strengthening the sense of community among changemakers, enabling fellows to expand their networks, gain knowledge, contribute perspectives, and reinforce their commitment to serving their communities. They also launched an Alumni Community and initiated the Inaugural Bridging Fellows Program, focusing on specific areas of societal division and embedding bridging as a core competency in participating organizations and communities.
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Impact
July, 2024
Independent Sector's impact is evident in its efforts to create a healthy and racially equitable nation where all people can thrive. By building and sustaining communities, Independent Sector fosters a sense of unity among leaders, provides capacity-building opportunities, and strengthens relationships to align individuals, organizations, and communities towards a positive future. Through initiatives like the Upswell Pop-Ups, Exchanges, Fellowships, and the Bridging Fellows Program, Independent Sector brings together changemakers to collaborate, learn, and advocate for a better society. By engaging over 2,200 changemakers virtually in 2022 and planning for an in-person summit in 2023, Independent Sector continues to drive progress and promote a sense of community among those working towards a common goal of building a healthy and racially just nation.
This information is meant to be a general summary of Independent Sector. 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: $894,473
- Program Service Revenue: $92,335
- Gross Receipts: $6,669,593
Assets and Liabilities:
- Total Assets: $29,783,681
- Total Liabilities: $9,154,088
- Net Assets: $20,629,593
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLICATION SALES
Revenue
$80,356
CONFERENCE FEES
Revenue
$11,979
Organization Details
Founding Year
1980
Phone
(202) 467-6100Principal Officer
Akilah Watkins
Main Address
1602 L STREET NW 900, WASHINGTON, DC, 20036
Website
www.independentsector.orgNTEE Category
Code: T500 - Philanthropy
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