Overview
What is Majority Action?
Majority Action is a non-profit, non-partisan organization based in Silver Spring, Maryland, with a focus on corporate governance. They work to educate and engage investors, highlighting the crucial role of corporate responsibility in addressing climate change, racial injustice, and other systemic risks that could impact long-term shareholder value. Their mission is to empower shareholders to hold corporations accountable for maintaining high standards of corporate governance, social responsibility, and long-term value creation. Majority Action operates under two project names, the 5050 Climate Project and the Climate Majority Project, and they currently employ a team of 9 individuals.
Official website here: www.majorityaction.us
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star rating)
Majority Action has received a Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial management. The organization scored a commendable 82% in its Accountability & Finance category, which is based on a comprehensive assessment of its practices. Notably, the nonprofit has demonstrated a commitment to transparency and efficient use of funds, as evidenced by its excellent scores across various metrics, including a high program expense ratio and effective fundraising efficiency.
The organization has shown strong governance, with an independent board that has achieved a perfect score for its composition and size. Additionally, Majority Action has no reported issues related to asset diversion and maintains a healthy liabilities-to-assets ratio. These factors highlight the nonprofit's responsible financial stewardship and commitment to its mission.
While Majority Action has received positive feedback on its financial practices, potential donors may want to consider the overall impact and effectiveness of its programs, as the rating primarily focuses on financial accountability. Nonetheless, the nonprofit's strong financial management practices and transparency are significant strengths that can inspire confidence among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Majority Action legitimate?
Majority Action is a legitimate nonprofit organization registered as a 501(c)(3) entity. Majority Action 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: $198,654
Professional Fundraising Fees: $59,200
Other Salaries and Wages: $655,183
For more financial information, click here
Official website here: www.majorityaction.us
What is the mission statement of Majority Action?
Majority Action is a non-partisan, non-profit organization that empowers shareholders to hold corporations accountable to high standards of corporate governance, social responsibility, and long-term value creation. The organization's primary mission is to educate and engage investors, emphasizing the critical role of corporate governance in addressing climate change, structural racism, and other systemic risks to long-term shareholder value. Majority Action harnesses the power of investors to promote environmental and social responsibility on corporate boards and accelerate economy-wide action to address these risks.
Official website here: www.majorityaction.us
Who is the CEO of Majority Action?
Eli Kasargod Staub is the Executive Director of Majority Action.
Official website here: www.majorityaction.us
What is the revenue of Majority Action?
Majority Action's revenue in 2021 was $3,131,363.
Official website here: www.majorityaction.us
Who are the executives of Majority Action and what are their salaries?
The average compensation at Majority Action during 2021 was $94,871. There are 9 employees and 5 volunteers at Majority Action.
Here are 6 key members and their salaries:
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- Compensation: $175,698
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- Other: $22,955
Official website here: www.majorityaction.us
Where can I find the form 990 for Majority Action?
Majority Action's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.majorityaction.us
Learn more at the official website: www.majorityaction.us
Mission Statement of Majority Action
Majority Action is a non-profit, non-partisan organization that empowers shareholders to hold corporations accountable to high standards of corporate governance, social responsibility, and long-term value creation. This non-profit works tirelessly to educate and engage investors, emphasizing the critical role of corporate governance in addressing pressing issues such as climate change, systemic racism, and other risks to long-term shareholder value. By harnessing the power of investors, Majority Action promotes environmental and social responsibility on corporate boards and accelerates economy-wide action to address these risks. In doing so, they aim to create a more sustainable and equitable future for all stakeholders.
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Impact
June, 2024
Majority Action aims to empower shareholders to hold corporations accountable to high standards of corporate governance, social responsibility, and long-term value creation. They work to educate and engage investors on the critical role of corporate governance in confronting climate change, structural racism, and other systemic risks to long-term shareholder value. By harnessing the power of investors, Majority Action promotes environmental and social responsibility on corporate boards, accelerating economy-wide action to address these risks.
This information is meant to be a general summary of Majority Action. 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.
- Program Service Revenue: $40,000
- Gross Receipts: $3,131,363
Assets and Liabilities:
- Total Assets: $1,748,758
- Total Liabilities: $0
- Net Assets: $1,748,758
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE REVENUE
Revenue
$40,000
Organization Details
Founding Year
2017
Phone
(202) 417-7680Principal Officer
Eli Kasargod Staub
Main Address
8705 COLESVILLE ROAD 312, SILVER SPRING, MD, 20910
Website
www.majorityaction.usNTEE Category
Code: C05 - Environment
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