Overview
What is Sheppard Pratt Investment Inc?
Sheppard Pratt Investment Inc is a nonprofit organization based in Baltimore, Maryland. Their primary role is to manage and invest the endowment funds of related entities within the Sheppard Pratt Health System. By fulfilling this function, they contribute to the achievement of Sheppard Pratt Foundation, Inc.'s goals and objectives. This involves managing the investments of Sheppard Pratt Foundation, Inc., and its associated organizations, ensuring the financial growth and stability to support the health system's initiatives.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 54%, One-Star out of Four Star rating.
Sheppard Pratt Investment Inc has received a One-Star rating from Charity Navigator, primarily due to its low overall score of 54%, which reflects concerns about accountability and financial management. While the organization demonstrates strong governance with 100% independent board members and effective oversight policies in place, it falls short in areas critical to financial performance, such as the program expense ratio and liabilities to assets ratio.
The organization's financial practices raise concerns, particularly the reported program expense ratio of 0.00%, indicating that no funds appear to be allocated to program expenses. This, combined with a liabilities to assets ratio of 0.19%, suggests potential financial instability. Additionally, the absence of their tax form on the nonprofit's website raises transparency issues for stakeholders and potential donors.
Despite these limitations, Sheppard Pratt Investment Inc does score well in governance practices, with no material diversion of assets and the presence of essential policies such as conflict of interest and whistleblower protections. However, potential supporters should be cautious given the financial indicators and lack of clear program funding.
This AI summary has been generated from information found on Charity Navigator.
Is Sheppard Pratt Investment Inc legitimate?
Sheppard Pratt Investment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheppard Pratt Investment 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: $0
For more financial information, click here
What is the mission statement of Sheppard Pratt Investment Inc?
Sheppard Pratt Investment Inc is dedicated to fulfilling the objectives of Sheppard Pratt Health System by competently managing and investing the endowment funds of Sheppart and Enoch Pratt Foundation, Inc. and its related organizations. Their primary goal is to support the mission and goals of the health system through the effective management of these funds. They are entrusted with the responsibility of overseeing the financial resources, ensuring their growth and sustainability to continue making a positive impact on the health system. Their expertise in investment management contributes to the financial stability and success of the associated nonprofit entities.
Who is the CEO of Sheppard Pratt Investment Inc?
Harsh Trivedi is the Principal Officer of Sheppard Pratt Investment Inc. The CEO's salary of Sheppard Pratt Investment Inc is $0 and their total compensation is $1,166,192.
What is the revenue of Sheppard Pratt Investment Inc?
Sheppard Pratt Investment Inc's revenue in 2022 was $30,791,814.
Who are the executives of Sheppard Pratt Investment Inc and what are their salaries?
There 8 volunteers at Sheppard Pratt Investment Inc.
Here are 11 key members and their salaries (Sheppard Pratt Investment Inc's CEO's salary is $0 and their total compensation is $1,166,192):
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- Other: $0
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- Other: $0
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- Related: $1,113,020
- Other: $53,172
- Compensation: $0
- Related: $397,003
- Other: $27,521
- Compensation: $0
- Related: $92,637
- Other: $1,987
Where can I find the form 990 for Sheppard Pratt Investment Inc?
Sheppard Pratt Investment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sheppard Pratt Investment Inc
Sheppard Pratt Investment Inc is a vital organization dedicated to managing and investing the endowment funds of related nonprofit entities connected to Sheppard Pratt Health System. This mission is geared towards fulfilling the goals and objectives of Sheppard Pratt Foundation, Inc. and its associated organizations. In simple terms, Sheppard Pratt Investment Inc serves as the financial steward, ensuring the long-term financial sustainability of these nonprofits.
By managing and investing the endowment funds, Sheppard Pratt Investment Inc plays a crucial role in supporting the various initiatives and programs spearheaded by Sheppard Pratt Health System and its related organizations. This financial management enables these nonprofits to continue their valuable work in the community without constant financial worry. The investment strategies employed by Sheppard Pratt Investment Inc aim to generate stable returns, thus providing a reliable source of income for the nonprofits.
Sheppard Pratt Investment Inc's commitment to the financial well-being of its affiliated nonprofits is a testament to its dedication and professionalism. The organization's expertise in managing investments ensures that the funds are handled with care and efficiency, enabling the nonprofits to focus on their core missions and serve their communities effectively.
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Impact
October, 2024
Sheppard Pratt Investment Inc plays a crucial role in supporting the financial stability and growth of organizations within the Sheppard Pratt Health System. By managing and investing the endowment funds of its related entities, it ensures that resources are available to fulfill the mission and objectives of these organizations. The effective management of these funds not only contributes to the operational sustainability of the health system but also enhances its capacity to provide essential mental health care and other community services. Through its activities, Sheppard Pratt Investment Inc directly impacts community well-being by facilitating access to vital health resources and promoting initiatives that improve the quality of life for individuals and families served by the health system. Its investment strategies help to secure funding for programs that address mental health challenges, fostering an environment of support and growth in the communities it serves.
This information is meant to be a general summary of Sheppard Pratt Investment 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.
- Investment Income: $30,776,190
- Gross Receipts: $124,787,912
Assets and Liabilities:
- Total Assets: $146,321,487
- Total Liabilities: $201,736
- Net Assets: $146,119,751
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Organization Details
Founding Year
1985
Phone
(410) 938-5401Principal Officer
Harsh Trivedi
Main Address
PO BOX 6815, BALTIMORE, MD, 21285
NTEE Category
Code: S500 - Community improvement
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