Overview
What is The Third Chair?
The Third Chair is a nonprofit organization situated in Grand Rapids, Michigan, specifically at 678 Front Street NW Suite 100. Their primary focus is providing mental health counseling for young adults from West Michigan, serving a population that might otherwise lack access to such services. The organization's mission is to inspire growth, empower change, and celebrate the progress of young adults, often offering one-on-one counseling and collaborating with other community organizations through outreach programs. With a team of six dedicated individuals, The Third Chair aims to make a positive impact on the mental well-being of young adults in the area.
Official website here: www.thethirdchair.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (66%)
The Third Chair has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations and governance. The overall score of 66% reflects concerns related to accountability and finance, particularly the low percentage of independent board members and the absence of financial statements. While the organization has some strong points, such as a favorable program expense ratio of 77.23%, the deficiencies in governance raise red flags for potential donors.
Strengths include a well-documented conflict of interest policy and a whistleblower policy, both of which suggest a commitment to ethical management practices. Additionally, the organization has successfully maintained a low liabilities to assets ratio, showcasing sound financial health in that regard. However, the lack of independent board members and missing financial statements undermine the organization's transparency and accountability.
In summary, while The Third Chair demonstrates some promising fiscal responsibility and ethical practices, it faces challenges in governance that could affect donor confidence. It's important for potential supporters to consider these factors before contributing, as improvements in these areas could enhance the organization's credibility and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Third Chair legitimate?
The Third Chair is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Third Chair 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: $163,287
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,692
For more financial information, click here
Official website here: www.thethirdchair.com
What is the mission statement of The Third Chair?
The Third Chair, a mental health counseling service, is dedicated to inspiring growth, fostering change, and celebrating the progress of young adults. Its primary focus is on providing one-on-one counseling and outreach programs in collaboration with other community organizations. The service aims to reach and serve vulnerable populations who might otherwise lack access to mental health services.
Official website here: www.thethirdchair.com
Who is the CEO of The Third Chair?
Scott Mcknight is the President of The Third Chair.
Official website here: www.thethirdchair.com
What is the revenue of The Third Chair?
The Third Chair's revenue in 2023 was $1,228,284.
Official website here: www.thethirdchair.com
Who are the executives of The Third Chair and what are their salaries?
The average compensation at The Third Chair during 2023 was $32,996. There are 6 employees at The Third Chair.
Here are 3 key members and their salaries:
- Compensation: $94,917
- Related: $0
- Other: $0
- Compensation: $47,042
- Related: $0
- Other: $12,191
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thethirdchair.com
Where can I find the form 990 for The Third Chair?
The Third Chair's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thethirdchair.com
Learn more at the official website: www.thethirdchair.com
Mission Statement of The Third Chair
The Third Chair, a mental health counseling service, is committed to inspiring growth, fostering change, and celebrating the progress of young adults. At its core, this organization focuses on providing one-on-one mental health counseling to this demographic, recognizing the unique challenges they face. Furthermore, The Third Chair extends its reach by collaborating with various community organizations through outreach programs. This approach ensures that vulnerable populations, who might otherwise be lacking access to mental health services, can also benefit from the organization's support.
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Impact
July, 2024
The Third Chair's impact is profound in the realm of mental health counseling for young adults from West Michigan. By providing access to crucial mental health services, The Third Chair inspires growth, empowers change, and celebrates the forward movement of vulnerable populations who might not have otherwise had this support. Through their focus on one-on-one counseling and outreach programs with other community organizations, The Third Chair is making a tangible difference in the lives of young adults, fostering resilience and well-being in the community.
This information is meant to be a general summary of The Third Chair. 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: $1,219,303
- Gross Receipts: $1,228,284
Assets and Liabilities:
- Total Assets: $224,648
- Total Liabilities: $50,469
- Net Assets: $174,179
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COUNSELING
Revenue
$1,219,303
Organization Details
Founding Year
2007
Phone
(616) 916-3711Principal Officer
Scott Mcknight
Main Address
678 FRONT STREET NW SUITE 100, GRAND RAPIDS, MI, 49504
Website
www.thethirdchair.comNTEE Category
Code: P80 - Human services
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