Overview
What is Stability Network?
The Stability Network is a nonprofit organization dedicated to empowering individuals living with mental health challenges, fostering a global community of advocates. Based in Seattle, Washington, this organization provides extensive support to its recruited Stability Leaders, including an Advocacy Storytelling Training Program, webinars, workshops, one-on-one coaching, and mentorship. The goal is to help advocates share their experiences in a way that highlights their transformation and instills hope in others. In 2022, the network expanded its training program, recruiting new Speaker Coaches and implementing a Speaker Affirmation Process. Opportunities for support and connection among Stability Leaders include peer-facilitated virtual support groups, an exclusive online portal, open mic events, and local meetups. The Stability Network aims to challenge mental health stigma by encouraging open dialogue and changing perceptions, one story at a time, relying on an evidence-based practice called contact education. As of 2022, the organization supports 339 Stability Leaders in various countries, including the United States, Trinidad and Tobago, Nigeria, Turkey, and Spain. With a team of only 5 employees, the Stability Network is making a significant impact on mental health advocacy.
Official website here: www.thestabilitynetwork.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 83%, Three-Star out of Four Star rating.
Stability Network has received an overall score of 83%, reflecting a strong performance in accountability and finance. The organization has earned a perfect score for its independent board composition, with all members being independent, and has no material diversion of assets. Their fiscal management is further evidenced by a significant program expense ratio of 71.13%, indicating that a large portion of their funds is directed towards their programs.
While the charity scores well in many areas, it does have some limitations. Notably, the whistleblower policy and document retention and destruction policies are missing, which could affect transparency and accountability in times of need. However, they maintain comprehensive documentation practices for board meeting minutes, which is a positive aspect of governance.
Overall, Stability Network demonstrates solid financial health and governance practices, though addressing the missing policies could enhance their accountability and strengthen stakeholder trust further.
This AI summary has been generated from information found on Charity Navigator.
Is Stability Network legitimate?
Stability Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stability Network 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: $96,058
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,439
For more financial information, click here
Official website here: www.thestabilitynetwork.org
What is the mission statement of Stability Network?
The Stability Network's mission is geared towards inspiring and encouraging individuals facing mental health challenges to live fulfilling lives. Aiming to change societal perceptions about mental health, this organization is dedicated to reducing the stigma surrounding mental health issues. By fostering a global community of advocates who live and work with mental health conditions, the Stability Network is committed to altering conversations and attitudes about mental health through the power of personal stories. This approach, based on an evidence-based practice known as contact education, is designed to help those struggling with mental health issues gain access to the support and treatment they need to live well.
Official website here: www.thestabilitynetwork.org
Who is the CEO of Stability Network?
Ted Weiss is the Executive Director of Stability Network.
Official website here: www.thestabilitynetwork.org
What is the revenue of Stability Network?
Stability Network's revenue in 2022 was $165,689.
Official website here: www.thestabilitynetwork.org
Who are the executives of Stability Network and what are their salaries?
The average compensation at Stability Network during 2022 was $38,699. There are 5 employees and 30 volunteers at Stability Network.
Here are 13 key members and their salaries:
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Official website here: www.thestabilitynetwork.org
Where can I find the form 990 for Stability Network?
Stability Network's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thestabilitynetwork.org
Learn more at the official website: www.thestabilitynetwork.org
Mission Statement of Stability Network
The Stability Network, a pioneering organization, strives to motivate and empower individuals grappling with mental health challenges to flourish. Rooted in an evidence-based practice known as contact education, the Stability Network aims to transform societal perceptions and conversations around mental health, one narrative at a time. By fostering a global community of advocates, all living with mental health conditions, the Stability Network is revolutionizing the way people view and address mental health issues. Through its unique approach, the organization seeks to diminish the stigma that often hinders those in need from accessing essential support and treatment.
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Impact
June, 2024
The Stability Network's impact lies in inspiring and encouraging individuals facing mental health challenges to thrive. Through its robust support system for Stability Leaders, the organization equips advocates with the tools and resources to share their mental health stories in a positive light, spreading a message of hope and transformation. By building a global community of advocates, The Stability Network aims to change the narrative surrounding mental health, reducing stigma and increasing awareness to promote well-being for all.
This information is meant to be a general summary of Stability Network. 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: $5
- Program Service Revenue: $16,050
- Gross Receipts: $165,689
Assets and Liabilities:
- Total Assets: $172,553
- Total Liabilities: $2,064
- Net Assets: $170,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Speaker Fees
Revenue
$16,050
Organization Details
Founding Year
2017
Phone
(347) 572-3080Principal Officer
Ted Weiss
Main Address
2212 Queen Anne Ave N Box 657, Seattle, WA, 98109
Website
www.thestabilitynetwork.orgNTEE Category
Code: F01 - Mental health
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