Overview
What is Success Institute?
Success Institute is a 501c3 nonprofit organization committed to supporting and empowering young individuals who are at risk. Their mission encompasses addressing various challenges faced by youth, such as drug abuse, gang involvement, sex trafficking, bullying, excessive drinking, and violence. The organization takes proactive steps to protect and uplift those in need, going above and beyond by providing essential resources to marginalized communities through food distribution programs.
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 2 Stars (64%)**
The Success Institute holds a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement, primarily in its accountability and financial practices. The score stems exclusively from the Accountability & Finance category, where it shows shortcomings such as a lack of independent board members and missing crucial policies, including conflict of interest and whistleblower protection. The organization has a good program expense ratio, which suggests a significant portion of funds is directed towards its programs, but overall transparency and governance practices require enhancement.
Strengths include a solid rating for financial audits and no reported diversion of assets. However, the absence of basic governance structures, such as an independent board and missed obligations on its website reporting, cast doubt on its operational integrity. The charity's financial health appears reasonable, with a manageable liabilities-to-assets ratio, yet the lack of transparency could deter potential donors and stakeholders interested in accountability.
Unfortunately, there are no user reviews from GreatNonprofits available to provide insights into the community's sentiment towards the Success Institute. This lack of feedback may limit the understanding of the organization’s impact from those directly engaged with its services or initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Success Institute legitimate?
Success Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Success Institute 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: $300,720
Professional Fundraising Fees: $0
Other Salaries and Wages: $858,352
For more financial information, click here
What is the mission statement of Success Institute?
Success Institute, as a 501c3 organization, is dedicated to supporting and strengthening vulnerable youth. Their mission revolves around addressing various challenges faced by youth, such as drug abuse, gang involvement, sex trafficking, bullying, excessive drinking, and violence. Their primary goal is to protect and empower these at-risk individuals, providing them with the necessary resources and support. Beyond this, Success Institute also extends its efforts by distributing food to marginalized communities through its programs.
Who is the CEO of Success Institute?
Fatah A Abdi is the Executive Director of Success Institute.
What is the revenue of Success Institute?
Success Institute's revenue in 2021 was $10,461,051.
Who are the executives of Success Institute and what are their salaries?
The average compensation at Success Institute during 2021 was $64,393. There are 18 employees at Success Institute.
Here are 4 key members and their salaries:
- Compensation: $49,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Success Institute?
Success Institute's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Success Institute
Success Institute, a 501c3 organization, is dedicated to protecting and empowering youth who are at risk. This nonprofit addresses various challenges facing young individuals, including substance abuse, gang involvement, sex trafficking, bullying, alcohol consumption, and violence. Their primary mission is to provide aid and support to those in need, offering a shield against these detrimental issues that can negatively impact their lives. Furthermore, Success Institute extends its reach by distributing food to marginalized communities through their programs.
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Impact
July, 2024
Success Institute makes a significant impact by protecting and empowering youth at risk in Minneapolis, MN. They address critical issues such as drugs, gangs, sex trafficking, bullying, drinking, and violence to ensure the safety and well-being of vulnerable young individuals. In addition to their crucial intervention efforts, they also provide essential support by distributing food to marginalized communities. Through their programs, Success Institute creates a positive and lasting impact on the lives of at-risk youth, helping them overcome challenges and build a better future.
This information is meant to be a general summary of Success Institute. 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 2021.
- Gross Receipts: $10,461,051
Assets and Liabilities:
- Total Assets: $4,847,491
- Total Liabilities: $2,517,660
- Net Assets: $2,329,831
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Organization Details
Founding Year
2016
Phone
(612) 978-0760Principal Officer
Fatah A Abdi
Main Address
3055 OLD HIGHWAY 8 STE 109, MINNEAPOLIS, MN, 55418
NTEE Category
Code: A20 - Arts
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