Overview
What is Solbon International Inc?
Solbon International Inc is a nonprofit organization situated in Cape Coral, Florida. Their primary mission is to empower emerging populations by fostering sustainable solutions in collaboration with local governments. They achieve this goal through various initiatives, including community education programs that teach business skills to local workers, English classes for rural residents and university applicants, and feeding programs for impoverished children. Furthermore, Solbon trains the local community in the business of hotel management to boost tourism, and serves as a liaison for development programs in rural Asia. Their work extends beyond their home base, as they train individuals to implement sustainable projects in overseas communities, focusing on both business and educational development.
Official website here: www.solbon.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Stars)
Solbon International Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The charity's strong program expense ratio of 98.55% signifies that the majority of its funds are allocated directly to its mission-related activities, which is a positive indicator for potential donors. However, the organization struggles with leadership independence, as it has no independent board members, which can raise concerns about governance and oversight.
While the charity has a solid audit and oversight committee in place and has successfully implemented several key policies, there are notable weaknesses, particularly the absence of a whistleblower policy and the failure to post its tax form on its website. These shortcomings could suggest areas of improvement in terms of transparency and internal controls, which are crucial for donor trust and operational integrity.
Overall, while Solbon International Inc demonstrates a commitment to its programs and has effective financial management practices, potential supporters may want to consider the governance challenges and transparency issues highlighted in the rating. Addressing these areas could strengthen the charity's overall impact and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Solbon International Inc legitimate?
Solbon International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Solbon International 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: $19,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.solbon.org
What is the mission statement of Solbon International Inc?
Solbon International Inc's mission is centered around assisting emerging populations in becoming self-sufficient. They achieve this by collaborating with local governments to develop sustainable solutions. The organization aims to accomplish its objectives through strong local and international relationships. Solbon International Inc's activities include providing community education programs that enhance business skills, offering English classes to various sectors, and implementing feeding programs for impoverished children. They also train local communities to manage a local hotel, fostering tourism growth. Additionally, Solbon International Inc serves as a liaison for development programs in rural areas of Asia and trains individuals to implement enriching business and education initiatives in overseas communities.
Official website here: www.solbon.org
Who is the CEO of Solbon International Inc?
Patricia A Jones is the Cfo of Solbon International Inc.
Official website here: www.solbon.org
What is the revenue of Solbon International Inc?
Solbon International Inc's revenue in 2022 was $4,102,283.
Official website here: www.solbon.org
Who are the executives of Solbon International Inc and what are their salaries?
There 15 volunteers at Solbon International Inc.
Here are 10 key members and their salaries:
- Compensation: $19,500
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- Other: $0
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Official website here: www.solbon.org
Where can I find the form 990 for Solbon International Inc?
Solbon International Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.solbon.org
Learn more at the official website: www.solbon.org
Mission Statement of Solbon International Inc
Solbon International Inc, as a nonprofit organization, is committed to aiding emerging populations in becoming self-sufficient. It achieves this goal by collaborating with local governments to develop sustainable solutions. The mission of Solbon International Inc is to empower these communities to meet their own needs, fostering a sense of independence and resilience.
The organization undertakes various initiatives to achieve this mission. One such initiative is the Community Education Programs, which teach essential business skills to local workers, students, and government officials. This program equips these individuals with the necessary tools to contribute positively to their communities. Additionally, Solbon International Inc provides English classes to rural residents and students, enhancing their chances of gaining university acceptance and improving their chances in the global job market.
Furthermore, Solbon International Inc is involved in feeding programs for impoverished children. This initiative not only provides them with essential nutrients but also demonstrates the organization's commitment to community welfare. The organization also trains local communities in the business of renovating and operating a local hotel, thereby enriching tourism in the area.
In terms of development, Solbon International Inc serves as a liaison for programs in rural Asia. The organization helps implement these programs, which focus on business and education, to enrich the community. By doing so, Solbon International Inc contributes to the overall development of these emerging populations, enabling them to become self-sufficient and meet their own needs.
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Impact
July, 2024
Solbon International Inc is making a significant impact by empowering emerging populations to become self-sufficient through sustainable solutions and community education programs. They are equipping local workers with necessary business skills, providing English classes to rural residents, students, and local government officials, and implementing feeding programs for impoverished children. Additionally, they are training communities in renovating and operating local hotels to boost tourism, serving as a liaison for development programs in rural Asia, and preparing individuals to implement enriching business and education programs in overseas areas. Solbon International Inc's efforts are truly making a difference in transforming communities and improving livelihoods.
This information is meant to be a general summary of Solbon International 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: $21,618
- Program Service Revenue: $4,032,383
- Gross Receipts: $4,102,283
Assets and Liabilities:
- Total Assets: $1,829,716
- Total Liabilities: $1,207,772
- Net Assets: $621,944
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program development in rural Asian communities
Revenue
$1,688,612
Creation of local businesses in rural Asia
Revenue
$799,415
Agricultural-Crop production & farming techniques
Revenue
$727,746
Medical oversight, training & diagnostic assistance
Revenue
$456,534
Development of community enrichment prgrams
Revenue
$360,076
Organization Details
Founding Year
2001
Phone
(518) 229-1081Principal Officer
Patricia A Jones
Main Address
1616 Cape Coral Pkw Ste 102 Box 308, Cape Coral, FL, 33914
Website
www.solbon.orgNTEE Category
Code: E50 - Health
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