Overview
What is Upaya Social Ventures?
Upaya Social Ventures is a nonprofit organization based in Seattle, Washington, dedicated to combating extreme poverty by fostering the growth of businesses that generate dignified employment opportunities. Since its establishment in 2011, Upaya has supported a total of 34 small and growing enterprises in India, resulting in over 28,000 sustainable jobs. By providing investment and consulting services, Upaya empowers these businesses to scale, as demonstrated by its acceleration of eight companies and selection of five new partners in 2022. In alignment with its mission, Upaya Social Ventures aims to create 50,000 jobs in India by 2025, demonstrating its commitment to alleviating poverty and promoting decent employment.
Official website here: www.upayasv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
Upaya Social Ventures has received a commendable Four-Star rating, reflecting its strong performance in accountability and financial health. The organization scored 99 in Accountability & Finance, 100 in Impact & Measurement, and 100 in Leadership & Adaptability. These outstanding scores indicate that Upaya effectively manages its resources and demonstrates a significant commitment to measuring its impact, which is crucial for donors looking for transparency and effectiveness in their contributions.
User feedback highlights Upaya's cost-effectiveness in poverty alleviation, with reports that it costs just $250 to create a sustainable job for individuals living in extreme poverty. Donors have praised the organization for its top-tier leadership and dedicated staff, particularly in Bangalore, as well as its ethical approach to social entrepreneurship. This positive sentiment echoes through multiple reviews, emphasizing that Upaya is a trustworthy and impactful choice for philanthropy.
However, some limitations noted include a slightly lower Culture & Community score of 83, suggesting there may be areas for improvement in fostering community engagement or internal culture. Overall, Upaya Social Ventures stands out for its effective programs and strong management, making it a highly recommended organization for those interested in supporting sustainable job creation in India.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Upaya Social Ventures legitimate?
Upaya Social Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Upaya Social Ventures 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: $130,883
Professional Fundraising Fees: $0
Other Salaries and Wages: $530,793
For more financial information, click here
Official website here: www.upayasv.org
What is the mission statement of Upaya Social Ventures?
Upaya Social Ventures aims to combat extreme poverty by providing investment and consulting support to early-stage businesses. Their mission is to create sustainable and dignified employment opportunities for individuals living in poverty. By partnering with these businesses, Upaya has successfully established over 28,000 lasting jobs as of December 2022. Recognized as a high-impact, cost-effective nonprofit by ImpactMatters, Upaya continues to expand its portfolio, aiming to create 50,000 jobs by 2025. Through their efforts, Upaya Social Ventures plays a significant role in alleviating poverty and fostering economic growth.
Official website here: www.upayasv.org
Who is the CEO of Upaya Social Ventures?
Kate Cochran is the Ceo of Upaya Social Ventures. The CEO's salary of Upaya Social Ventures is $132,617 and their total compensation is $132,617.
Official website here: www.upayasv.org
What is the revenue of Upaya Social Ventures?
Upaya Social Ventures's revenue in 2022 was $1,286,104.
Official website here: www.upayasv.org
Who are the executives of Upaya Social Ventures and what are their salaries?
The average compensation at Upaya Social Ventures during 2022 was $110,279. There are 6 employees and 25 volunteers at Upaya Social Ventures.
Here are 13 key members and their salaries (Upaya Social Ventures's CEO's salary is $132,617 and their total compensation is $132,617):
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Official website here: www.upayasv.org
Where can I find the form 990 for Upaya Social Ventures?
Upaya Social Ventures's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.upayasv.org
Learn more at the official website: www.upayasv.org
Mission Statement of Upaya Social Ventures
Upaya Social Ventures, a mission-driven organization established in 2011, is committed to alleviating extreme poverty by fostering dignified employment opportunities. Their approach involves providing investment and consulting support to budding businesses that have the potential to create sustainable jobs for individuals living in poverty. With a goal of impacting 50,000 lives by 2025, Upaya has successfully partnered with 34 early-stage enterprises in India, resulting in the creation of over 28,000 enduring, respectful employment positions as of December 2022. The organization's efforts in 2022 included accelerating the growth of eight existing companies and welcoming five new partners into their investment portfolio. Additionally, Upaya extended $35,000 in grant funding to entrepreneurs in Asia through a partnership with Angels of Impact. In essence, Upaya Social Ventures' mission is to enhance the livelihoods of those living in poverty by empowering entrepreneurs and helping them establish scalable businesses that create dignified employment opportunities.
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Impact
July, 2024
Upaya Social Ventures fights extreme poverty through dignified jobs. Founded in 2011, Upaya provides investment and consulting support to early-stage businesses aimed at creating jobs for people living in extreme poverty. Upaya's continually growing portfolio of impact investments has created over 28,000 lasting, dignified jobs. Endorsed by ImpactMatters as a high-impact, cost-effective organization, Upaya's teams in Seattle and Bangalore are committed to a goal of helping entrepreneurs create jobs for 50,000 people in India by 2025.
This information is meant to be a general summary of Upaya Social Ventures. 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: $42,734
- Program Service Revenue: $66,875
- Gross Receipts: $1,356,282
Assets and Liabilities:
- Total Assets: $2,457,474
- Total Liabilities: $1,147,247
- Net Assets: $1,310,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Accelerator Program Consulting Fees
Revenue
$23,290
Interest on Program Related Loans Receivable
Revenue
$43,585
Organization Details
Founding Year
2011
Phone
(425) 283-8484Principal Officer
Kate Cochran
Main Address
508 Yale Ave N Suite 214, Seattle, WA, 98109
Website
www.upayasv.orgNTEE Category
Code: Q32 - International
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