Overview
What is The Funders Network Inc?
The Funders Network Inc, located in Coral Gables, Florida, is a nonprofit organization dedicated to promoting environmentally sustainable, socially equitable, and economically prosperous regions and communities. By coordinating funder education and information sharing, providing opportunities for funders to enhance their leadership skills, and facilitating strategic initiatives and collaborations, the organization aims to advance progress toward desired outcomes. The Funders Network Inc is also committed to helping funders understand and address racism, economic inequality, and the imbalance of power, while amplifying the expertise and experiences of often unheard communities. With a staff of 14 individuals, they strive to leverage philanthropy's unique potential to create just, sustainable, and prosperous communities for all people.
Official website here: www.fundersnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Funders Network Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an impressive 97 in Accountability & Finance and achieving a perfect score of 100 for feedback collection and usage, the organization demonstrates a robust commitment to transparency and community engagement. Their program expense ratio of 88.15% indicates a significant portion of funds is directed towards programs rather than administrative expenses.
Furthermore, the organization boasts a fully independent board, enhancing its governance and oversight capabilities. The financial health of The Funders Network is evident with a low liabilities to assets ratio of 18.03% and a working capital ratio of 1.04 years, suggesting a stable financial position. These metrics contribute to a solid foundation for the organization to effectively fulfill its mission.
However, while the organization excels in many areas, its equity strategies score of 79 indicates there may be room for improvement in promoting equity within their operations. Overall, The Funders Network Inc stands out as a well-managed nonprofit with high accountability standards and a clear focus on its community impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Funders Network Inc legitimate?
The Funders Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Funders Network 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: $185,340
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,284,511
For more financial information, click here
Official website here: www.fundersnetwork.org
What is the mission statement of The Funders Network Inc?
The Funders Network Inc's mission is to utilize philanthropy effectively in creating sustainable, prosperous, and just communities for all. The organization is dedicated to helping funders understand and address issues such as racism, economic inequality, and the imbalance of power. They aim to amplify the voices and expertise of communities often left unheard, and foster community-driven solutions to these challenges.
Official website here: www.fundersnetwork.org
Who is the CEO of The Funders Network Inc?
Patricia L Smith is the Chairperson of The Funders Network Inc.
Official website here: www.fundersnetwork.org
What is the revenue of The Funders Network Inc?
The Funders Network Inc's revenue in 2023 was $4,696,100.
Official website here: www.fundersnetwork.org
Who are the executives of The Funders Network Inc and what are their salaries?
The average compensation at The Funders Network Inc during 2023 was $104,989. There are 14 employees and 193 volunteers at The Funders Network Inc.
Here are 23 key members and their salaries:
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- Compensation: $187,189
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Official website here: www.fundersnetwork.org
Where can I find the form 990 for The Funders Network Inc?
The Funders Network Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fundersnetwork.org
Learn more at the official website: www.fundersnetwork.org
Mission Statement of The Funders Network Inc
The Funders Network Inc, with a mission set to leverage philanthropy's unique potential, aims to foster communities and regions that are sustainable, prosperous, and just for all people. This organization is deeply committed to helping funders understand and address issues like racism, economic inequality, and the imbalance of power. Their ultimate goal is to generate community-driven solutions and amplify the expertise and experiences of those communities that are often unheard. In doing so, The Funders Network Inc strives to create a more equitable and inclusive society.
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Impact
June, 2024
The Funders Network Inc's impact lies in leveraging philanthropy's unique potential to create sustainable, prosperous, and just communities and regions for all people. The organization is dedicated to addressing racism, economic inequality, and power imbalances while amplifying the voices and expertise of marginalized communities. By coordinating funder education, facilitating collaborations, and aligning efforts towards desired outcomes, The Funders Network Inc plays a crucial role in supporting environmentally sustainable, socially equitable, and economically prosperous regions and communities.
This information is meant to be a general summary of The Funders Network 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.
- Investment Income: $25,452
- Program Service Revenue: $532,227
- Gross Receipts: $4,696,100
Assets and Liabilities:
- Total Assets: $6,186,828
- Total Liabilities: $1,115,885
- Net Assets: $5,070,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP
Revenue
$299,625
CONFERENCE REGISTRATION FEES
Revenue
$227,102
PROGRAM SERVICE INCOME
Revenue
$5,500
Organization Details
Founding Year
2003
Phone
(305) 667-6350Principal Officer
Patricia L Smith
Main Address
2000 PONCE DE LEON BLVD SUITE 600, CORAL GABLES, FL, 33134
Website
www.fundersnetwork.orgNTEE Category
Code: C20 - Environment
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