Overview
What is Project Transformation Indiana Corporation?
Project Transformation Indiana Corporation is a nonprofit organization situated in Indianapolis, Indiana. Currently in a restart and rebuilding phase due to leadership transitions, board fatigue, and pandemic impacts, their primary focus is on literacy improvement for children and leadership skill development for young college adults. As a local chapter of Project Transformation, they offer educational resources to students, serving as a catalyst for personal growth and academic success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (57%)
Project Transformation Indiana Corporation has received a One-Star out of Four Star rating from Charity Navigator due to a low overall score of 57%, which reflects concerns primarily in its Accountability & Finance practices. While the organization shows a high Program Expense Ratio of 96.05%, indicating that a significant majority of its expenses go directly towards its programs, there are notable weaknesses in its governance and transparency measures.
The organization lacks independent board members, which may impact its accountability, and it has received a score of 0 for both the majority of independent board members and the independent board size. Moreover, critical governance documents, such as board meeting minutes and a whistleblower policy, are missing, which raises questions about its operational transparency and adherence to best practices.
On the positive side, Project Transformation Indiana Corporation has demonstrated strong performance in managing assets, with a Liabilities to Assets Ratio of 0.00%, indicating financial stability. However, the lack of an accessible website for important documents and other governance issues may deter potential donors who value transparency and accountability in nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Project Transformation Indiana Corporation legitimate?
Project Transformation Indiana Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Transformation Indiana 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: $299
Other Salaries and Wages: $73,401
For more financial information, click here
What is the mission statement of Project Transformation Indiana Corporation?
Project Transformation Indiana Corporation, serving as a local chapter of a larger organization, is committed to its mission of providing educational resources to students. Its primary focus is on assisting children in improving their literacy skills, while simultaneously aiding young college adults in discovering their purpose and honing their leadership skills. Currently, the organization is undergoing a restart and rebuilding phase due to a leadership transition, board fatigue, and the impact of the pandemic. An intensive strategic analysis is underway to determine the future direction of the organization.
Who is the CEO of Project Transformation Indiana Corporation?
Costeena Weathersby is the Executive Director of Project Transformation Indiana Corporation.
What is the revenue of Project Transformation Indiana Corporation?
Project Transformation Indiana Corporation's revenue in 2022 was $125,743.
Who are the executives of Project Transformation Indiana Corporation and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Project Transformation Indiana Corporation?
Project Transformation Indiana Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Project Transformation Indiana Corporation
Project Transformation Indiana Corporation, acting as a local chapter of the larger Project Transformation, is dedicated to serving its mission by providing educational resources to students. This mission is centered around two key objectives: firstly, aiding children in improving their literacy skills, and secondly, assisting young college adults in determining their purpose and honing their leadership abilities. By focusing on these areas, the organization seeks to contribute positively to the personal and academic growth of its participants.
In essence, Project Transformation Indiana Corporation serves as a bridge between children in need of literacy enhancement and young adults seeking to discover their purpose and develop leadership skills. Through its activities, the organization strives to foster an environment that nurtures both intellectual and personal development among its participants, ultimately empowering them to make a positive impact in their communities. Currently, the organization is undergoing a period of transition and intensive strategic analysis to determine its future direction, following a downturn financially due to leadership changes, board fatigue, and the impact of the pandemic.
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Impact
October, 2024
Project Transformation Indiana Corporation positively impacts the community by focusing on enhancing children's literacy and empowering young adults through leadership training and purpose discovery. It aims to provide critical educational resources to students, fostering an environment where youth can thrive academically and develop essential life skills.
Despite recent challenges, including leadership transitions and financial setbacks exacerbated by the pandemic, the organization is actively engaged in a strategic analysis to reposition itself for sustainable growth. This effort underscores its commitment to rejuvenating its programs and continuing to serve the Indianapolis community effectively. Through its initiatives, Project Transformation Indiana nurtures both academic success and personal development, creating pathways for future generations to succeed.
This information is meant to be a general summary of Project Transformation Indiana 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: $125,743
Assets and Liabilities:
- Total Assets: $76,765
- Total Liabilities: $0
- Net Assets: $76,765
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Organization Details
Founding Year
2017
Phone
(314) 225-9098Principal Officer
Costeena Weathersby
Main Address
5500 N MERIDIAN ST, INDIANAPOLIS, IN, 46208
NTEE Category
Code: O53 - Youth development
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