Overview
What is Beloved Community Inc?
Beloved Community Inc, located in New Orleans, Louisiana, is a nonprofit organization with a mission to promote sustainable cross-sector diversity practices that foster economic growth. In its fifth year, the organization supported 113 organizations, providing facilitations, training, and capacity-building services in diversity, equity, and inclusion. Over 10,000 to 56,851 full-time staff across various sectors participated in their Equity Lens Map, and 125 organizational leaders received equity training. Beloved Community also established five Communities of Practice across the US, supporting leaders in education, nonprofit organizations, and hospitality sectors in developing equity plans.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Beloved Community Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scores particularly well in accountability metrics, achieving a score of 80, which reflects strong oversight and governance practices. The independent board members fully contribute to its transparency, along with comprehensive conflict of interest and whistleblower policies.
In terms of cultural and community engagement, Beloved Community Inc excels with a score of 98. This demonstrates a robust commitment to constituent feedback, with perfect scores in areas such as feedback collection and utilization. The organization effectively integrates community input into its operations, indicating a responsive and inclusive approach.
However, the nonprofit faces challenges in its financial efficiency ratios, with a program expense ratio of 53.69% being relatively low and a fundraising efficiency ratio that raises some concerns. While its liabilities to assets ratio is manageable, the organization may need to enhance its program funding strategies to ensure sustainability and greater impact in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Beloved Community Inc legitimate?
Beloved Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beloved Community 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: $2,057,338
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Beloved Community Inc?
Beloved Community Inc's mission is to catalyze individuals and institutions to implement sustainable cross-sector diversity practices, leading to economic growth. They achieve this by providing training, facilitations, and capacity-building services in diversity, equity, and inclusion. In the past year, they supported 113 organizations, trained 497 leaders, and saw impact in various sectors, including nonprofits, colleges/universities, and K-12 schools. Their initiatives include the Equity Lens Map, Deep Dive engagements, and Communities of Practice, helping organizations develop equity plans and foster inclusive leadership.
Who is the CEO of Beloved Community Inc?
Rhonda J Broussard is the Board Chair of Beloved Community Inc. The CEO's salary of Beloved Community Inc is $228,089 and their total compensation is $228,089.
What is the revenue of Beloved Community Inc?
Beloved Community Inc's revenue in 2022 was $5,220,790.
Who are the executives of Beloved Community Inc and what are their salaries?
The average compensation at Beloved Community Inc during 2022 was $205,734. There are 10 employees and 5 volunteers at Beloved Community Inc.
Here are 5 key members and their salaries (Beloved Community Inc's CEO's salary is $228,089 and their total compensation is $228,089):
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- Other: $0
- Compensation: $228,089
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Beloved Community Inc?
Beloved Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beloved Community Inc
Beloved Community Inc, in its mission, aims to stimulate individuals and institutions to adopt sustainable cross-sectional diversity practices that ultimately foster economic growth. By catalyzing these practices, the organization aspires to create an inclusive environment that encourages progress and development. This mission is carried out through various initiatives, including providing ongoing facilitations and equity training for organizational leaders, supporting communities of practice across the United States, and developing equity plans for various sectors such as education, nonprofits, and for-profit businesses. The ultimate goal is to promote a society where diversity is not only recognized but also leveraged for collective growth and prosperity.
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Impact
July, 2024
Beloved Community Inc has made a significant impact in catalyzing people and institutions to implement sustainable cross-sector diversity practices that result in economic growth. In their fifth year alone, they have supported 113 organizations through ongoing facilitations and trained 497 organizational leaders in diversity, equity, and inclusion practices. One of their key achievements is the creation of the Equity Audit Tool Suite, with 101 organizations completing the Equity Lens Map in FY 22.
Additionally, Beloved Community provided capacity-building services by offering equity training for 125 organizational leaders through Deep Dive engagements, including workshop facilitation, leadership coaching, equity work plan development, and train-the-trainer support. They have also facilitated 5 communities of practice across the US, such as the Equity In Schools Cohort in Indianapolis and the Leaders of Color Cohort in New England. These initiatives have supported a wide range of organizations, from schools to non-profits, to develop and implement equity plans.
Overall, Beloved Community Inc's work has had a tangible and positive impact on fostering diversity and inclusion in various sectors, ultimately contributing to the economic growth and development of communities they serve.
This information is meant to be a general summary of Beloved Community 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: $805,173
- Gross Receipts: $5,220,790
Assets and Liabilities:
- Total Assets: $2,405,203
- Total Liabilities: $906,866
- Net Assets: $1,498,337
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Fees
Revenue
$805,173
Organization Details
Founding Year
2017
Phone
(504) 272-7766Principal Officer
Rhonda J Broussard
Main Address
5910 Marais Street, New Orleans, LA, 70117
NTEE Category
Code: S30 - Community improvement
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