Overview
What is Capital Network Of New England Inc C/O Cecilia Frerotte?
Capital Network of New England Inc C/O Cecilia Frerotte is a nonprofit organization situated in Boston, Massachusetts. Their primary focus is on educating first-time founders of early-stage startups, with a particular emphasis on women founders and promoting an inclusive environment. They offer practical, hands-on education and personalized mentoring to help entrepreneurs navigate the entire funding process, aiming to assist them in successfully raising seed capital and beyond. The organization understands the challenges of fundraising and provides entrepreneurs with the necessary network and resources. They run open programming for all individuals and a fellowship specifically designed for female founders, aiming to empower more women to be ready to raise their first outside capital. The organization has a small team of 4 individuals dedicated to this mission.
Official website here: www.thecapitalnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star
Capital Network Of New England Inc has received a low rating of 51%, which translates into a One-Star out of Four Star rating, primarily reflecting concerns in its Accountability & Finance practices. While the organization boasts an independent board with full scores on board composition and absence of material asset diversion, it falls short in other critical areas.
Key strengths include a complete independent board and a favorable liabilities to assets ratio of 0.00%, indicating strong financial stability. However, the absence of important policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy has significantly impacted its overall score. These omissions raise concerns about the organization's governance and transparency.
Additionally, while the program expense ratio stands at 50.24%, suggesting that half of its expenses go towards programs, this is not high enough to receive a positive evaluation in that category. Collectively, these factors contribute to the organization's low rating and highlight areas that require improvement for better accountability and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Capital Network Of New England Inc C/O Cecilia Frerotte legitimate?
Capital Network Of New England Inc C/O Cecilia Frerotte is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Network Of New England Inc C/O Cecilia Frerotte 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: $218,443
For more financial information, click here
Official website here: www.thecapitalnetwork.org
What is the mission statement of Capital Network Of New England Inc C/O Cecilia Frerotte?
Capital Network of New England Inc aims to offer practical, hands-on education and personalized mentoring to early-stage entrepreneurs. The organization's mission is to help these entrepreneurs master the entire funding process, enabling them to successfully raise seed capital and beyond. Recognizing the challenges of fundraising, Capital Network provides the necessary network and programming to support entrepreneurs in their journey. Apart from open programming accessible to all, the organization also offers a fellowship specifically for female founders to prepare them for raising their first outside capital.
Official website here: www.thecapitalnetwork.org
Who is the CEO of Capital Network Of New England Inc C/O Cecilia Frerotte?
Asad Butt is the Board Chairm of Capital Network Of New England Inc C/O Cecilia Frerotte.
Official website here: www.thecapitalnetwork.org
What is the revenue of Capital Network Of New England Inc C/O Cecilia Frerotte?
Capital Network Of New England Inc C/O Cecilia Frerotte's revenue in 2023 was $121,479.
Official website here: www.thecapitalnetwork.org
Who are the executives of Capital Network Of New England Inc C/O Cecilia Frerotte and what are their salaries?
The average compensation at Capital Network Of New England Inc C/O Cecilia Frerotte during 2023 was $54,611. There are 4 employees and 75 volunteers at Capital Network Of New England Inc C/O Cecilia Frerotte.
Here are 6 key members and their salaries:
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Official website here: www.thecapitalnetwork.org
Where can I find the form 990 for Capital Network Of New England Inc C/O Cecilia Frerotte?
Capital Network Of New England Inc C/O Cecilia Frerotte's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thecapitalnetwork.org
Learn more at the official website: www.thecapitalnetwork.org
Mission Statement of Capital Network Of New England Inc C/O Cecilia Frerotte
Capital Network of New England Inc. C/O Cecilia Frerotte is committed to providing early-stage entrepreneurs with practical, hands-on education and personalized mentoring. Their mission is to help these entrepreneurs master the entire funding process and successfully raise seed capital and beyond. They acknowledge that fundraising can be challenging, and therefore, they provide entrepreneurs with the right network and programming. Besides open programming, available to all, Capital Network of New England Inc. also offers a fellowship specifically for female founders to prepare more women to raise their first outside capital.
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Impact
October, 2024
Capital Network Of New England Inc, led by Cecilia Frerotte, significantly impacts early-stage entrepreneurs by providing practical, hands-on education and personalized mentoring focused on the funding process. The organization helps founders navigate the complexities of raising seed capital and beyond, recognizing that fundraising can be particularly challenging.
By offering open programming accessible to all entrepreneurs, as well as specialized fellowships for female founders, the organization fosters an inclusive environment that encourages diverse voices in the entrepreneurial landscape. This targeted support not only equips first-time founders with the necessary skills and knowledge to succeed but also expands their professional networks, enhancing their chances of securing funding.
As a result, the Capital Network empowers individuals, particularly women, to become more prepared and confident in raising their first outside capital, thus contributing to a more equitable and vibrant entrepreneurial ecosystem in Boston and beyond.
This information is meant to be a general summary of Capital Network Of New England Inc C/O Cecilia Frerotte. 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.
- Program Service Revenue: $11,635
- Gross Receipts: $121,479
Assets and Liabilities:
- Total Assets: $66,265
- Total Liabilities: $0
- Net Assets: $66,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAN SERVICE REVENUE
Revenue
$11,635
Organization Details
Founding Year
2004
Phone
(617) 261-8186Principal Officer
Asad Butt
Main Address
255 STATE STREET 3RD FLOOR, BOSTON, MA, 02109
Website
www.thecapitalnetwork.orgNTEE Category
Code: J02 - Employment
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