Overview
What is The Communications Network?
The Communications Network is a nonprofit organization based in Naperville, Illinois, with around five employees. Their primary purpose is to promote and enhance strategic communications in the social sector, aiming to support foundations and nonprofits in their missions to better people's lives. They achieve this through learning opportunities, leadership development, and fostering a community. In 2022, they successfully organized their first in-person conference in Seattle since 2019, which attracted over 900 communicators globally and received a high approval rating from attendees.
Official website here: www.comnetwork.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 78% (Three-Star out of Four Star rating)
The Communications Network has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The organization received a high score in several key areas, including having a fully independent board and transparent financial practices. This strong governance structure reflects positively on the organization’s commitment to responsible management of resources.
Despite the positive aspects, the organization has some limitations in its financial ratios, particularly the program expense ratio, which stands at 52.48%. This suggests that while it is meeting accountability standards, there may be concerns about the proportion of funds allocated directly to programs versus administrative costs. Overall, while it maintains a strong governance framework, potential donors may want to consider the program efficiency when evaluating the impact of their support.
Overall, The Communications Network demonstrates a commendable level of accountability and governance, with clear policies in place for conflict of interest and whistleblower protections. However, stakeholders might seek improved program expense ratios to ensure that a larger portion of funding is directed toward direct program impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Communications Network legitimate?
The Communications Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Communications Network 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: $301,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $416,162
For more financial information, click here
Official website here: www.comnetwork.org
What is the mission statement of The Communications Network?
The Communications Network's mission is centered around providing support to enhance and advance strategic communications in the social sector. Their objective is to help foundations and nonprofits improve lives by leveraging the power of effective communication. They achieve this through offering learning opportunities, fostering leadership, and building a community. In 2022, they successfully held their first in-person conference since 2019, attracting over 900 communicators globally, and received a high approval rating from attendees.
Official website here: www.comnetwork.org
Who is the CEO of The Communications Network?
Sean Gibbons is the Ceo of The Communications Network. The CEO's salary of The Communications Network is $301,875 and their total compensation is $316,745.
Official website here: www.comnetwork.org
What is the revenue of The Communications Network?
The Communications Network's revenue in 2022 was $2,256,499.
Official website here: www.comnetwork.org
Who are the executives of The Communications Network and what are their salaries?
The average compensation at The Communications Network during 2022 was $143,607. There are 5 employees and 96 volunteers at The Communications Network.
Here are 17 key members and their salaries (The Communications Network's CEO's salary is $301,875 and their total compensation is $316,745):
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Official website here: www.comnetwork.org
Where can I find the form 990 for The Communications Network?
The Communications Network's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.comnetwork.org
Learn more at the official website: www.comnetwork.org
Mission Statement of The Communications Network
The Communications Network, as an organization, is dedicated to uplifting and enhancing strategic communications within the social sector. Their mission is centered around supporting foundations and nonprofits, empowering them to make a significant impact on people's lives through the potent force of thoughtful communication strategies. By offering learning opportunities, fostering leadership, and cultivating a sense of community, The Communications Network aims to elevate and advance the use of strategic communications in the social sector, ultimately contributing to the improvement of lives.
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Impact
July, 2024
The Communications Network's impact lies in its ability to provide learning, leadership, and a strong community dedicated to advancing strategic communications in the social sector. Through its initiatives and events like the Annual Conference, the organization successfully brings together communicators from around the world to share knowledge, build relationships, and ultimately enhance the effectiveness of foundations and nonprofits in improving lives through smart communications. The Network's efforts have demonstrated tangible results, with its recent conference in 2022 receiving a sold-out attendance of over 900 participants and earning a remarkable 95% approval rating from attendees.
This information is meant to be a general summary of The Communications Network. 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: $12,562
- Program Service Revenue: $1,890,186
- Gross Receipts: $2,256,499
Assets and Liabilities:
- Total Assets: $4,370,510
- Total Liabilities: $301,805
- Net Assets: $4,068,705
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conference Income
Revenue
$1,509,986
Membership Dues & Assessments
Revenue
$380,200
Organization Details
Founding Year
1998
Phone
(630) 416-1166Principal Officer
Sean Gibbons
Main Address
1717 N Naper Blvd 200-20, Naperville, IL, 60563
Website
www.comnetwork.orgNTEE Category
Code: B029 - Education
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