Overview
What is Social Capital Inc?
Social Capital Inc, based in Woburn, Massachusetts, is a nonprofit organization dedicated to enhancing community connections and fostering social capital. Their initiatives include ensuring equitable vaccine access, addressing mental health concerns among youth, and engaging volunteers in community events. Through their AmeriCorps program, they connected young people with resources and opportunities, with full-time members coordinating leadership programs and outreach efforts. Additionally, the Vaccine Equity & Access Program (VEAP) was implemented to increase vaccinations in COVID-19-affected communities, educating over 26,000 individuals on vaccination. The Leaders for an Equitable Tomorrow project, in collaboration with the Network for Social Justice, engaged teens in a mental health summer internship and created a resource website, Middlesex4MentalHealth.org. Social Capital Inc's mission is to strengthen communities by connecting diverse individuals and organizations through civic engagement initiatives.
Official website here: www.socialcapitalinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Social Capital Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 100% in this category, indicating robust fiscal management and transparency. The rating is based on a comprehensive evaluation of various financial metrics, which highlights the charity's commitment to responsible stewardship of its resources.
The data reveals that Social Capital Inc has a well-structured governance model, with 92% of its board members being independent. This independence is crucial for unbiased decision-making and enhancing organizational integrity. The charity also emphasizes accountability with policies such as conflict of interest and whistleblower protections, further reinforcing its commitment to ethical practices.
A noteworthy strength is the organization’s high program expense ratio of 80.30%, signifying that a significant portion of its budget is directed towards its programs rather than administrative costs. However, while the financial health indicators are robust, the summary does not highlight any specific programmatic achievements or community impacts, which may be an area for further exploration by potential donors or beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Social Capital Inc legitimate?
Social Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Capital 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: $74,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $210,039
For more financial information, click here
Official website here: www.socialcapitalinc.org
What is the mission statement of Social Capital Inc?
Social Capital Inc's mission is to strengthen communities by connecting diverse individuals and organizations through civic engagement initiatives. This is achieved by implementing comprehensive programs that build social capital. The organization responds to the needs of its communities, such as ensuring equity in vaccine access and addressing mental health concerns among youth. Social Capital Inc's AmeriCorps members serve extensively, connecting young people with necessary resources for success. They also coordinate youth leadership programs, plan community events, and manage online community outreach tools. Additionally, the SCI AmeriCorps members mobilize volunteers and implement programs like Vaccine Equity & Access, aiming to increase vaccinations in communities affected by COVID-19. Furthermore, Social Capital Inc partners with organizations for initiatives like the Leaders for an Equitable Tomorrow, focusing on youth mental health and creating resources for mental health education.
Official website here: www.socialcapitalinc.org
Who is the CEO of Social Capital Inc?
David B Crowley is the President & of Social Capital Inc.
Official website here: www.socialcapitalinc.org
What is the revenue of Social Capital Inc?
Social Capital Inc's revenue in 2022 was $515,898.
Official website here: www.socialcapitalinc.org
Who are the executives of Social Capital Inc and what are their salaries?
The average compensation at Social Capital Inc during 2022 was $7,902. There are 36 employees and 5000 volunteers at Social Capital Inc.
Here are 12 key members and their salaries:
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Official website here: www.socialcapitalinc.org
Where can I find the form 990 for Social Capital Inc?
Social Capital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.socialcapitalinc.org
Learn more at the official website: www.socialcapitalinc.org
Mission Statement of Social Capital Inc
Social Capital Inc, a nonprofit organization, is committed to strengthening communities by bridging the gap between diverse individuals and organizations through civic engagement initiatives. By providing continued opportunities for engagement, this organization aims to build social capital within Massachusetts communities.
In response to the needs of their communities, Social Capital Inc has implemented comprehensive programs. One such program focuses on ensuring equity in vaccine access, while another offers youth the chance to address mental health concerns. The organization's AmeriCorps members played a significant role in connecting young people with the relationships, experiences, and resources necessary for their success. Over 7,441 hours were devoted to this cause, resulting in the mobilization of 630 volunteers who contributed 2,806 hours to various community projects.
Furthermore, Social Capital Inc implemented the Vaccine Equity & Access Program (VEAP) to increase vaccinations in communities disproportionately affected by COVID-19. This initiative trained 214 VEAP ambassadors, each reaching hundreds of individuals in their networks. In total, over 26,000 individuals were educated about vaccination through a combination of ambassador outreach and communication campaigns.
In partnership with the Network for Social Justice, Social Capital Inc launched the Leaders for an Equitable Tomorrow program, which engaged 10 teens in a summer internship program and school year activities focused on youth mental health. As a result of their efforts, the teens created a new resource website for youth mental health, middlesex4mentalhealth.org.
In summary, Social Capital Inc's mission is to bring together diverse individuals and organizations within communities, fostering civic engagement and promoting initiatives that respond to the needs of their communities. Their programs encompass a variety of areas, including vaccine equity, mental health, and youth development, with the ultimate goal of building stronger, more united communities.
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Impact
July, 2024
Social Capital Inc's impact can be seen in the tangible efforts to strengthen communities through connecting diverse individuals and organizations. The organization has implemented comprehensive programs in Massachusetts communities, addressing pressing needs such as equity in vaccine access and youth mental health. By mobilizing AmeriCorps members and volunteers, SCI has facilitated over 7,441 service hours and engaged with 26,000 individuals to educate them about vaccination. Furthermore, initiatives like the Leaders for an Equitable Tomorrow program have empowered teens to create valuable resources, such as the Middlesex4MentalHealth.org website. Through these efforts, Social Capital Inc is actively fostering a sense of community and empowerment among various stakeholders, ultimately contributing to positive social change.
This information is meant to be a general summary of Social Capital 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.
- Program Service Revenue: $43,753
- Gross Receipts: $525,904
Assets and Liabilities:
- Total Assets: $156,819
- Total Liabilities: $52,492
- Net Assets: $104,327
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPATION & NETWORK FEES
Revenue
$43,753
Organization Details
Founding Year
2002
Phone
(781) 935-2244Principal Officer
David B Crowley
Main Address
165-M NEW BOSTON STREET UNIT 233, WOBURN, MA, 01801
Website
www.socialcapitalinc.orgNTEE Category
Code: S99 - Community improvement
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