Overview
What is Five Talents Usa?
Five Talents USA is a nonprofit organization, headquartered in Virginia, dedicated to eradicating extreme poverty globally. They collaborate with local churches worldwide to combat poverty in developing countries. Their mission is to empower families living in poverty by providing them with essential skills such as literacy, numeracy, and business development. Additionally, Five Talents USA encourages the formation of community savings groups, enabling families to launch and grow small businesses. They have successfully worked in various countries like Bolivia, Myanmar, Burundi, Democratic Republic of Congo, Kenya, South Sudan, Tanzania, and Uganda, providing financial inclusion services and promoting economic empowerment.
Official website here: www.fivetalents.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Five Talents USA has achieved an impressive Four-Star rating from Charity Navigator, signifying its strong performance in accountability and finance. With a perfect score of 100% in this category, the organization demonstrates a commitment to transparent operations and effective financial management. The majority of the board members are independent, ensuring a well-governed organization that adheres to best practices in nonprofit management.
The charity's financial health is notable, with a low liabilities-to-assets ratio of 3.88% and a program expense ratio of 73.78%. This indicates that a significant portion of its expenses is directed towards its programs, reflecting its dedication to fulfilling its mission. Additionally, strong governance practices are in place, as evidenced by the presence of whistleblower and conflict of interest policies, alongside comprehensive documentation of board activities and audits.
Furthermore, Five Talents USA excels in leadership and adaptability, scoring a perfect 100 in this area. This suggests that the organization is not only well-led but also responsive to changing circumstances and needs in the community it serves. Overall, the combination of financial accountability and strong leadership positions Five Talents USA as a highly reliable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Five Talents Usa legitimate?
Five Talents Usa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Five Talents Usa 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: $106,370
Professional Fundraising Fees: $200
Other Salaries and Wages: $312,866
For more financial information, click here
Official website here: www.fivetalents.org
What is the mission statement of Five Talents Usa?
Five Talents USA's mission is centered around alleviating extreme poverty. Their objective is to transform lives through economic empowerment. The organization's vision extends to eradicating poverty, restoring human dignity, and fostering strong, sustainable communities. They achieve this by collaborating with local churches worldwide. Their strategies to combat poverty include empowering families living in poverty with essential skills such as reading, writing, savings, and investments. Furthermore, Five Talents helps establish community savings groups and assists families in launching and growing small businesses.
Official website here: www.fivetalents.org
Who is the CEO of Five Talents Usa?
Dale Stanton-Hoyle is the Chair Of The Board of Five Talents Usa. The CEO's salary of Five Talents Usa is $85,000 and their total compensation is $106,370.
Official website here: www.fivetalents.org
What is the revenue of Five Talents Usa?
Five Talents Usa's revenue in 2022 was $1,142,110.
Official website here: www.fivetalents.org
Who are the executives of Five Talents Usa and what are their salaries?
The average compensation at Five Talents Usa during 2022 was $52,404. There are 8 employees and 30 volunteers at Five Talents Usa.
Here are 12 key members and their salaries (Five Talents Usa's CEO's salary is $85,000 and their total compensation is $106,370):
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- Compensation: $85,000
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- Other: $21,370
Official website here: www.fivetalents.org
Where can I find the form 990 for Five Talents Usa?
Five Talents Usa's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fivetalents.org
Learn more at the official website: www.fivetalents.org
Mission Statement of Five Talents Usa
Five Talents USA is an organization dedicated to eradicating extreme poverty. Their mission is to transform lives through economic empowerment. Five Talents believes in restoring human dignity and creating strong, sustainable communities. They partner with local churches around the globe to combat poverty in the developing world. Their approach involves empowering families living in poverty with the necessary knowledge and skills, such as reading, writing, saving, and investing. Additionally, Five Talents develops community savings groups and aids families in launching and growing small businesses. By doing so, they contribute to the overall improvement of these communities, ultimately working towards the eradication of poverty.
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Impact
July, 2024
Five Talents USA's impact includes working to eradicate extreme poverty in various countries such as Bolivia, Myanmar, Burundi, Democratic Republic of Congo, Kenya, South Sudan, Tanzania, and Uganda. The organization partners with local Anglican churches and community organizations to provide training in business skills, financial management, literacy, and community savings groups. Participants are empowered to start and grow their small businesses, leading to economic empowerment and sustainable development in these regions. Through their programs, Five Talents USA is making a significant contribution to transforming lives and creating strong, sustainable communities in these areas.
This information is meant to be a general summary of Five Talents Usa. 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: $7,015
- Gross Receipts: $1,187,774
Assets and Liabilities:
- Total Assets: $700,400
- Total Liabilities: $12,403
- Net Assets: $687,997
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Organization Details
Founding Year
1999
Phone
(703) 227-7166Principal Officer
Dale Stanton-Hoyle
Main Address
PO BOX 331, VIENNA, VA, 22183
Website
www.fivetalents.orgNTEE Category
Code: Q320 - International
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