Overview
What is The Out Foundation?
The Out Foundation is a 501(c)3 nonprofit organization situated in New York City, specifically at 477 Madison Ave 6th Fl, NY 10022. Their primary focus is to eliminate barriers that prevent LGBTQ+ individuals from accessing and participating in fitness, health, and wellness activities, thereby ensuring their success. Through their flagship program, OutAthletics, they bring together LGBTQ+ athletes and allies for inclusive functional fitness training sessions, fostering a diverse and welcoming community. Over the past five years, they have served 87 young LGBTQ+ athletes and have a substantial following of over 30,000 across their social media platforms. The Out Foundation is committed to nurturing, empowering, and celebrating LGBTQ+ bodies and minds, guaranteeing the well-being and thrival of their community. With a team of 14 dedicated individuals, they have partnered with over 300 fitness, health, and wellness facilities to promote equity and inclusivity in the fitness sector.
Official website here: www.theoutfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning a Two-Star out of Four Star rating. The Out Foundation has demonstrated notable strengths in several areas, particularly in its culture and community engagement, where it received a perfect score of 100. Additionally, the organization shows strong leadership adaptability and commitment to equity strategies, both scoring 100. The board is entirely independent, which is a positive attribute indicating governance accountability.
However, despite these strengths, The Out Foundation's overall rating reflects some significant areas for improvement, particularly in accountability and finance, which earned a score of 56. The program expense ratio stands at 59.65%, indicating that less than 60% of its expenditures are directed towards its programs, which could raise concerns among potential donors regarding financial efficiency. Additionally, the organization lacks essential policies such as a whistleblower policy and document retention protocols, which are critical for transparent operations.
In summary, while The Out Foundation excels in community engagement and board independence, its financial accountability and policy framework require attention for enhanced credibility and operational effectiveness. Potential supporters may want to consider these factors when evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is The Out Foundation legitimate?
The Out Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Out Foundation 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: $477,171
For more financial information, click here
Official website here: www.theoutfoundation.org
What is the mission statement of The Out Foundation?
The Out Foundation's mission is centered around eliminating barriers that hinder LGBTQ+ individuals' access to fitness, health, and wellness opportunities. The organization is committed to fostering, empowering, and celebrating the LGBTQ+ community, ensuring their collective success. Through their programs, they aim to nurture and uplift LGBTQ+ bodies and minds, ultimately contributing to the thriving of their community.
Their largest program, Outathletics, brings together LGBTQ+ athletes and allies for functional fitness training in a safe, inclusive environment. The program is renowned for its diversity and welcomes anyone interested in joining their community. Outathletics partners with local gyms to offer various exercises, specifically targeting LGBTQ+ individuals and allies, in a secure and welcoming setting.
In its five years as a 501(c)3 organization, The Out Foundation has served 87 young LGBTQ+ athletes and has a substantial following of over 30,000 across its social media platforms. The foundation has collaborated with over 300 fitness, health, and wellness facilities, advocating for equality and inclusivity in the fitness industry.
Official website here: www.theoutfoundation.org
Who is the CEO of The Out Foundation?
Tina Weaver is the Executive Di of The Out Foundation.
Official website here: www.theoutfoundation.org
What is the revenue of The Out Foundation?
The Out Foundation's revenue in 2022 was $1,023,438.
Official website here: www.theoutfoundation.org
Who are the executives of The Out Foundation and what are their salaries?
The average compensation at The Out Foundation during 2022 was $34,084. There are 14 employees and 8 volunteers at The Out Foundation.
Here are 10 key members and their salaries:
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Official website here: www.theoutfoundation.org
Where can I find the form 990 for The Out Foundation?
The Out Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theoutfoundation.org
Learn more at the official website: www.theoutfoundation.org
Mission Statement of The Out Foundation
The Out Foundation, a nonprofit organization, is dedicated to eliminating barriers that hinder LGBTQ+ individuals' access and participation in fitness, health, and wellness. The organization's mission is centered around nurturing, empowering, and celebrating the bodies and minds of the LGBTQ+ community, ensuring their collective success and overall thriving.
The Out Foundation carries out its mission through various initiatives, one of which is OutAthletics. This program brings together LGBTQ+ athletes and allies for a shared fitness experience in a safe, inclusive, and welcoming functional training environment. The diversity within the sport of fitness is celebrated, and anyone is invited to join this inclusive community. The Out Foundation strives to inspire its members to feel good about themselves, their workouts, and their lives. OutAthletics partners with local gyms to host a variety of exercises, specifically targeting LGBTQ+ individuals and allies, to work out together in a secure and welcoming atmosphere.
Over the past five years, as a 501(c)3 organization, The Out Foundation has served 87 young LGBTQ+ athletes. With over 30,000 followers across all its social media platforms, the organization has made a significant impact in promoting equity and inclusivity in fitness. The Out Foundation has also partnered with over 300 fitness, health, and wellness facilities to further its mission of ensuring that LGBTQ+ individuals have equal access and opportunities in these fields.
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Impact
July, 2024
The Out Foundation's impact can be seen in the significant strides it has made in removing barriers that obstruct LGBTQ+ individuals from accessing and participating in fitness, health, and wellness activities. By providing a safe and inclusive environment through programs like OutAthletics, the organization has successfully nurtured, empowered, and celebrated LGBTQ+ bodies and minds, ensuring that the community thrives. With over 30,000 followers across its social media platforms and partnerships with over 300 fitness, health, and wellness facilities, The Out Foundation has made a tangible difference in promoting equity and inclusivity in the field of fitness. Through its efforts, the organization has served 87 young LGBTQ+ athletes, fostering a sense of belonging and support within the community.
This information is meant to be a general summary of The Out Foundation. 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.
- Investment Income: $611
- Gross Receipts: $1,043,957
Assets and Liabilities:
- Total Assets: $462,547
- Total Liabilities: $81,489
- Net Assets: $381,058
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Organization Details
Founding Year
2017
Phone
(828) 768-3103Principal Officer
Tina Weaver
Main Address
477 MADISON AVE 6TH FL, NEW YORK, NY, 10022
Website
www.theoutfoundation.orgNTEE Category
Code: W12 - Public benefit
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