Overview
What is Bonds Of Union?
Bonds Of Union is a dedicated nonprofit organization based in Cincinnati, Ohio. With a modest workforce of eight individuals, their mission is to innovate and implement impactful initiatives that foster hope and generate opportunities within low-income communities. Their primary focus is on developing and executing high-impact projects that uplift and empower these communities, ultimately inspiring positive change and growth.
Official website here: www.bondsofunion.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51%, One-Star out of Four Star rating. This low rating indicates significant concerns regarding the operational transparency and financial management of Bonds Of Union. The organization received a particularly low score for its independent board size and policies related to conflict of interest and whistleblower protections, which raises questions about governance practices.
Despite these weaknesses, Bonds Of Union has demonstrated some strengths, such as a high score for having a majority of independent board members and a solid program expense ratio. These points suggest that while the governance structure may be lacking, the organization is directing funds effectively towards its programs, which is crucial for nonprofit effectiveness.
However, the overall accountability and financial scores highlight critical areas needing improvement. The absence of essential policies and a poor liabilities to assets ratio calls for the organization to reassess its governance practices to enhance transparency and build donor trust. Addressing these limitations could help improve future ratings and support for its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Bonds Of Union legitimate?
Bonds Of Union is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bonds Of Union 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: $142,528
For more financial information, click here
Official website here: www.bondsofunion.org
What is the mission statement of Bonds Of Union?
Bonds of Union is dedicated to developing and executing innovative, high-impact initiatives in low-income communities. Their primary goal is to instill hope and create opportunities within these communities. By implementing such initiatives, Bonds of Union aims to positively impact the lives of those residing in these areas.
Official website here: www.bondsofunion.org
What is the revenue of Bonds Of Union?
Bonds Of Union's revenue in 2022 was $71,587.
Official website here: www.bondsofunion.org
Who are the executives of Bonds Of Union and what are their salaries?
The average compensation at Bonds Of Union during 2022 was $17,816. There are 8 employees at Bonds Of Union.
Here are 2 key members and their salaries:
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
Official website here: www.bondsofunion.org
Where can I find the form 990 for Bonds Of Union?
Bonds Of Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bondsofunion.org
Learn more at the official website: www.bondsofunion.org
Mission Statement of Bonds Of Union
Bonds of Union, a nonprofit organization, is dedicated to making a significant impact in low-income communities. Their mission is centered around developing and executing innovative initiatives that spark hope and create opportunities for those living in these areas. By implementing these initiatives, Bonds of Union aims to inspire resilience and foster sustainable growth within these communities, ultimately uplifting their members and improving their quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Bonds of Union has had a significant impact on low-income communities in Cincinnati, Ohio. Through their innovative and high-impact initiatives, they have been able to inspire hope and create opportunities for individuals in need. By focusing on human services and developing creative solutions, Bonds of Union has made a positive difference in the lives of many within these communities. Their dedication to improving the quality of life for those facing economic challenges has undoubtedly left a lasting impact on the individuals and families they serve.
This information is meant to be a general summary of Bonds Of Union. 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.
- Gross Receipts: $71,587
Assets and Liabilities:
- Total Assets: $5,533
- Total Liabilities: $185,065
- Net Assets: -$179,532
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2016
Principal Officer
Alula Asfaw
Website
www.bondsofunion.orgNTEE Category
Code: P40 - Human services
If you are a representative of Bonds Of Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.