Overview
What is Chile Massachusetts Alliance Inc?
Chile Massachusetts Alliance Inc, operating under the name ChileMass Inc, is a nonprofit organization based in Cambridge, Massachusetts. Its primary mission is to foster collaboration between Chile and Massachusetts in the sectors of energy, technology, education, and economic development. The organization operates on a matchmaking model, identifying and connecting complementary organizations from both regions to develop mutually beneficial projects. In addition, Chile Massachusetts Alliance Inc has launched the Emprende program, a partnership with the Chilean Agency for Economic Development and the Agency Focused on Chilean Trade and Exports. This program aims to support Chilean tech entrepreneurs by offering online training and networking opportunities within the ChileMass network in Massachusetts and the US. The Emprende program, initially launched with 55 startups in 2021, helps Chilean tech entrepreneurs improve their technologies and scale up internationally. It was renewed in 2022 with 48 startups, expanding the program duration from January to December.
Official website here: www.chilemass.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Chile Massachusetts Alliance Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The organization scored 82% in its Accountability & Finance beacon, which reflects its commitment to transparency and responsible financial practices. This score is based entirely on the accountability and finance metrics, with no other beacons factored into the overall rating.
One of the notable strengths of the Chile Massachusetts Alliance Inc is its governance structure, which boasts a fully independent board of members. With 100% independence among board members and thorough financial statements, the organization demonstrates high standards in terms of oversight and financial integrity. Furthermore, it has shown no material diversion of assets, indicating a trustworthy handling of funds.
However, there are some areas for improvement. While the organization has established a conflict of interest policy, it lacks a whistleblower policy and documentation retention procedures. Additionally, its liabilities to assets ratio is at 57.38%, which may suggest a moderate level of financial risk. Overall, while Chile Massachusetts Alliance Inc is doing well in several key areas, enhancing its internal policies could further strengthen its accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Chile Massachusetts Alliance Inc legitimate?
Chile Massachusetts Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chile Massachusetts Alliance 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: $75,345
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,351
For more financial information, click here
Official website here: www.chilemass.org
What is the mission statement of Chile Massachusetts Alliance Inc?
The Chile Massachusetts Alliance Inc, operating as ChileMass Inc., serves as a catalyst for collaboration between Chile and Massachusetts in the sectors of energy, technology, education, and economic development. Operating under a matchmaking model, the organization identifies complementary organizations with collaborative potential from both regions and encourages them to develop mutually beneficial projects. The alliance's aim is to foster beneficial partnerships that contribute positively to both geographies.
Official website here: www.chilemass.org
What is the revenue of Chile Massachusetts Alliance Inc?
Chile Massachusetts Alliance Inc's revenue in 2023 was $604,274.
Official website here: www.chilemass.org
Who are the executives of Chile Massachusetts Alliance Inc and what are their salaries?
The average compensation at Chile Massachusetts Alliance Inc during 2023 was $48,899. There are 3 employees and 9 volunteers at Chile Massachusetts Alliance Inc.
Here are 8 key members and their salaries:
- Compensation: $75,345
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Official website here: www.chilemass.org
Where can I find the form 990 for Chile Massachusetts Alliance Inc?
Chile Massachusetts Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.chilemass.org
Learn more at the official website: www.chilemass.org
Mission Statement of Chile Massachusetts Alliance Inc
Chile Massachusetts Alliance, Inc., operating as ChileMass, Inc., serves as a non-profit platform that fosters collaboration between Chile and Massachusetts in the realms of energy, technology, education, and economic development. The organization operates under a matchmaking model, actively mapping organizations with complementary collaborative potential and inviting them to develop projects that benefit both geographies. Chile Massachusetts Alliance, Inc. seeks to catalyze fruitful collaborations between these two entities, aiming to mutual advantage.
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Impact
July, 2024
Chile Massachusetts Alliance Inc, operating under the name ChileMASS, is instrumental in fostering collaboration between Chile and Massachusetts in areas such as energy, technology, education, and economic development. Through its innovative matchmaking model, the organization identifies organizations with complementary strengths and encourages them to develop projects that benefit both regions.
One notable program initiated by ChileMASS is the Emprende Program, created in partnership with CORFO and ProChile. This program supports Chilean tech entrepreneurs in enhancing their technologies and expanding internationally by providing online training and opportunities to connect with the extensive network in Massachusetts and the U.S. The program serves as a catalyst for promoting innovation and technological entrepreneurship by strengthening networks between Chile and Massachusetts.
In 2021, the Emprende Program launched with 55 startups participating in a nine-month program, culminating in a boot camp in Boston. The program was renewed in 2022, featuring 48 startups and an extended timeframe. This initiative not only supports individual entrepreneurs but also contributes to the overall economic and technological development of both Chile and Massachusetts.
Through its various initiatives and partnerships, Chile Massachusetts Alliance Inc has a significant impact on fostering cross-border collaborations, promoting innovation, and driving economic growth in both Chile and Massachusetts.
This information is meant to be a general summary of Chile Massachusetts Alliance 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 2023.
- Investment Income: $1,993
- Program Service Revenue: $256,265
- Gross Receipts: $604,274
Assets and Liabilities:
- Total Assets: $310,192
- Total Liabilities: $177,991
- Net Assets: $132,201
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILEMASS HUB
Revenue
$256,265
Organization Details
Founding Year
2017
Principal Officer
Fernanda Soza
Website
www.chilemass.orgNTEE Category
Code: Q20 - International
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