Overview
What is Stitchcrew Inc?
Stitchcrew Inc, situated in Oklahoma City, Oklahoma, is a nonprofit organization with a mission to empower entrepreneurs globally. They aim to democratize access to essential resources, capital, and networks, fostering an innovative economy. Their activities revolve around providing educational programs for technology entrepreneurs, assisting economic development organizations in establishing technology-driven startup ecosystems, and advocating for diversity inclusion programs to organically grow local economies. With a small team of three individuals, Stitchcrew Inc promotes open collaboration and best practices, contributing to the growth and success of entrepreneurs worldwide.
Official website here: www.stitchcrew.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55% (One-Star out of Four Star rating)
Stitchcrew Inc has received a One-Star rating from Charity Navigator, reflecting significant concerns in its accountability and financial practices. With an Accountability & Finance Score of just 28, the organization lacks independent board members and has several missing policies, including crucial conflict of interest and whistleblower policies. The absence of financial statements further raises questions about transparency and governance.
Despite these shortcomings, Stitchcrew excels in areas related to impact measurement and community engagement, achieving scores of 91 and 100 respectively in those domains. The organization demonstrates strong practices in collecting and utilizing feedback, as well as in addressing challenges, indicating a commitment to effectiveness in its programs. However, the high program expense ratio of 50.91% indicates that less than half of its expenditures are directed towards its programs.
Overall, while Stitchcrew shows a strong focus on community and impact, the lack of accountability measures and financial clarity may concern potential donors and stakeholders. Addressing these governance issues could enhance its credibility and operational effectiveness in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is Stitchcrew Inc legitimate?
Stitchcrew Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stitchcrew 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: $229,967
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,380
For more financial information, click here
Official website here: www.stitchcrew.com
What is the mission statement of Stitchcrew Inc?
Stitchcrew Inc's mission is centered around providing educational programs for technology entrepreneurs. The organization also extends support to economic development organizations, helping them build technology-driven startup ecosystems. A key focus is on promoting diversity inclusion, with the aim of organically growing local economies. Their mission is to democratize access to resources, capital, and networks for entrepreneurs globally, while fostering open collaboration and sharing best practices to support the expansion of the innovation economy.
Official website here: www.stitchcrew.com
Who is the CEO of Stitchcrew Inc?
Erika Lucas is the President of Stitchcrew Inc.
Official website here: www.stitchcrew.com
What is the revenue of Stitchcrew Inc?
Stitchcrew Inc's revenue in 2022 was $671,980.
Official website here: www.stitchcrew.com
Who are the executives of Stitchcrew Inc and what are their salaries?
The average compensation at Stitchcrew Inc during 2022 was $78,116. There are 3 employees at Stitchcrew Inc.
Here are 3 key members and their salaries:
- Compensation: $91,167
- Related: $0
- Other: $0
- Compensation: $74,000
- Related: $0
- Other: $0
- Compensation: $64,800
- Related: $0
- Other: $0
Official website here: www.stitchcrew.com
Where can I find the form 990 for Stitchcrew Inc?
Stitchcrew Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stitchcrew.com
Learn more at the official website: www.stitchcrew.com
Mission Statement of Stitchcrew Inc
Stitchcrew Inc, an educational organization, is dedicated to equipping technology entrepreneurs with the necessary tools and resources. Beyond this, the nonprofit offers guidance to economic development organizations, helping them establish technology-driven startup ecosystems. Stitchcrew also emphasizes the importance of diversity inclusion, aiming to organic growth of local economies. In essence, Stitchcrew's mission is to democratize access to capital, resources, and networks for entrepreneurs worldwide, fostering collaboration and best practices to advance the innovation economy.
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Impact
July, 2024
Stitchcrew Inc's impact is evident in its mission to democratize access to resources, capital, and networks for entrepreneurs everywhere. By providing educational programs for technology entrepreneurs and supporting economic development organizations in developing technology-driven startup ecosystems, Stitchcrew Inc is actively contributing to the growth of the innovation economy. Furthermore, their diversity inclusion programs aim to foster a more inclusive and diverse entrepreneurial community, thus organically growing the local economy. The organization's focus on sharing best practices and encouraging open collaboration highlights its commitment to supporting the entrepreneurship ecosystem and driving positive change in the community.
This information is meant to be a general summary of Stitchcrew 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.
- Investment Income: $43
- Gross Receipts: $671,980
Assets and Liabilities:
- Total Assets: $227,174
- Total Liabilities: $0
- Net Assets: $227,174
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Organization Details
Founding Year
2017
Phone
(405) 664-1144Principal Officer
Erika Lucas
Main Address
309 NW 13TH ST, OKLAHOMA CITY, OK, 73103
Website
www.stitchcrew.comNTEE Category
Code: P20 - Human services
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