Overview
What is Kinetix Global Development Corporation?
Kinetix Global Development Corporation is a nonprofit organization situated in Albuquerque, New Mexico. With a mission to aid marginalized and underprivileged individuals worldwide, they focus on generating employment opportunities and promoting economic growth. Their projects are strategically designed to uplift these communities, thereby contributing positively to their socio-economic development. The organization, with a modest workforce of 10 individuals, is dedicated to making a significant impact on people's lives across the globe.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
Kinetix Global Development Corporation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 54% overall, with particularly low marks for independent board governance and missing key policies, such as conflict of interest and whistleblower policies. While the organization has no material diversion of assets and an impressive program expense ratio of 99.28%, these strengths do not sufficiently mitigate the concerns raised by its governance structure.
The board composition is predominantly non-independent, with only 33% of members meeting the independence criteria, raising questions about oversight and accountability. Moreover, important financial documents, including financial statements and the tax form, are not available on the nonprofit's website, which further complicates transparency efforts. While Kinetix Global Development does document board meeting minutes, the absence of other critical governance policies is notable.
In summary, while Kinetix Global Development Corporation demonstrates a strong commitment to its programmatic activities, the lack of transparency, governance issues, and missing policies significantly impact its overall rating. Potential donors and stakeholders should carefully consider these factors when evaluating the organization's reliability and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Kinetix Global Development Corporation legitimate?
Kinetix Global Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kinetix Global Development Corporation 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: $500,172
For more financial information, click here
What is the mission statement of Kinetix Global Development Corporation?
Kinetix Global Development Corporation is committed to undertaking projects aimed at empowering marginalized and impoverished communities worldwide. Their primary objective is to stimulate economic growth by generating employment opportunities. Through these initiatives, they aim to improve the living standards of these communities and contribute positively to global development. The corporation's mission is centered around creating a tangible impact, fostering self-sufficiency, and promoting sustainable development in underprivileged areas.
Who is the CEO of Kinetix Global Development Corporation?
Ralph Trujillo is the President of Kinetix Global Development Corporation.
What is the revenue of Kinetix Global Development Corporation?
Kinetix Global Development Corporation's revenue in 2022 was $690,645.
Who are the executives of Kinetix Global Development Corporation and what are their salaries?
The average compensation at Kinetix Global Development Corporation during 2022 was $50,017. There are 10 employees at Kinetix Global Development Corporation.
Here are 3 key members and their salaries:
- 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 Kinetix Global Development Corporation?
Kinetix Global Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kinetix Global Development Corporation
Kinetix Global Development Corporation is dedicated to a mission that involves working on projects aimed at uplifting marginalized and impoverished communities worldwide. The organization's primary objective is to generate employment opportunities and contribute to economic development in these underserved areas. By undertaking various projects, Kinetix Global Development Corporation seeks to make a significant impact in these communities, providing them with a means to improve their livelihoods and achieve sustainable growth.
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Impact
July, 2024
Kinetix Global Development Corporation impacts marginalized and impoverished communities worldwide by creating sustainable economic opportunities and jobs through its projects. By focusing on economic development, Kinetix Global Development Corporation uplifts individuals and communities, ultimately contributing to poverty alleviation and improving livelihoods.
This information is meant to be a general summary of Kinetix Global Development Corporation. 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.
- Gross Receipts: $690,645
Assets and Liabilities:
- Total Assets: $236,646
- Total Liabilities: $20
- Net Assets: $236,626
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Organization Details
Founding Year
2017
Phone
(505) 508-3752Principal Officer
Ralph Trujillo
Main Address
PO Box 91477, Albuquerque, NM, 87199
NTEE Category
Code: Q32 - International
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