Overview
What is The Redemption Project?
The Redemption Project is a nonprofit organization situated in Minneapolis, Minnesota, specifically at 8400 Normandale Lake Blvd Ste 920. Their mission is centered around assisting incarcerated individuals, offering them a 14-week Virtues for Success class in prisons located in Stillwater, Lino Lakes, and Rush City. Upon completion of the program, graduates are connected with a mentor for continued support. Prior to and following their release, The Redemption Project facilitates job opportunities with their employment partners. This organization aims to empower inmates with the tools and resources necessary for a successful transition back into society.
Official website here: www.redemptionproject.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating. The Redemption Project's rating reflects a fair level of accountability and financial performance, but there are areas needing improvement. The organization has a strong governance structure, with 86% of its board members being independent, which is a positive sign for oversight and decision-making.
The program expense ratio stands at 69.42%, indicating that a significant portion of its funds is directed towards its programs. However, the organization faces challenges with its liabilities, having a liabilities to assets ratio of 197.51%, which raises concerns about financial stability. While the organization maintains transparency in many areas, it lacks essential policies like a whistleblower policy and a document retention policy, which could enhance its accountability.
Additionally, several required documents, including tax forms on its website, are missing. This gap in transparency could potentially hinder trust among donors and stakeholders. Overall, while The Redemption Project demonstrates strengths in governance and program expenditure, it must address its financial health and transparency issues to improve its standing in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is The Redemption Project legitimate?
The Redemption Project is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Redemption Project 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: $231,815
Professional Fundraising Fees: $27,750
Other Salaries and Wages: $30,042
For more financial information, click here
Official website here: www.redemptionproject.org
What is the mission statement of The Redemption Project?
The Redemption Project's mission is centered around assisting inmates, aiming to prepare them for life after incarceration. They accomplish this by offering a 14-week educational program, establishing connections with mentors, and providing job opportunities with their employment partners. Upon completing the Virtues for Success class, inmates are linked with mentors, and before and after their release, they are offered job prospects within the Redemption Project's network of partners. The project's ultimate goal is to help inmates successfully transition back into society by offering them a supportive network and opportunities for gainful employment.
Official website here: www.redemptionproject.org
Who is the CEO of The Redemption Project?
Dwight Tostenson is the Ceo of The Redemption Project. The CEO's salary of The Redemption Project is $82,500 and their total compensation is $82,500.
Official website here: www.redemptionproject.org
What is the revenue of The Redemption Project?
The Redemption Project's revenue in 2022 was $535,240.
Official website here: www.redemptionproject.org
Who are the executives of The Redemption Project and what are their salaries?
The average compensation at The Redemption Project during 2022 was $65,464. There are 4 employees and 40 volunteers at The Redemption Project.
Here are 15 key members and their salaries (The Redemption Project's CEO's salary is $82,500 and their total compensation is $82,500):
- Compensation: $82,500
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- Compensation: $22,400
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- Compensation: $47,364
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- Compensation: $79,551
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Official website here: www.redemptionproject.org
Where can I find the form 990 for The Redemption Project?
The Redemption Project's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.redemptionproject.org
Learn more at the official website: www.redemptionproject.org
Mission Statement of The Redemption Project
The Redemption Project is an organization dedicated to assisting inmates, working towards their rehabilitation and reintegration into society. Their mission involves offering a 14-week educational program, named Virtues for Success, to inmates in various prisons. This program equips them with essential life skills. Upon completion of the class, each graduate is connected to a mentor, providing them with guidance and support both before and after their release. The Redemption Project further extends its support by offering job opportunities to these graduates through its employment partners. By partnering with employers, the organization also provides inmates with mentoring opportunities while incarcerated, thus setting the foundation for meaningful employment upon their release.
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Impact
July, 2024
The Redemption Project has had a significant impact by providing inmates with a 14-week class focusing on virtues for success, connecting them to mentors, and offering job opportunities upon release. Through this program, inmates in Minnesota prisons have been able to acquire important skills, guidance, and support to successfully reintegrate into society. By partnering with employers, The Redemption Project is helping to break the cycle of recidivism and provide meaningful employment opportunities for former inmates, ultimately improving their chances of a successful and fulfilling life after incarceration.
This information is meant to be a general summary of The Redemption Project. 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: $76
- Gross Receipts: $543,766
Assets and Liabilities:
- Total Assets: $188,974
- Total Liabilities: $317,600
- Net Assets: -$128,626
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Organization Details
Founding Year
2018
Phone
(952) 921-8288Principal Officer
Dwight Tostenson
Main Address
8400 Normandale Lake Blvd Ste 920, Minneapolis, MN, 55437
Website
www.redemptionproject.orgNTEE Category
Code: P20 - Human services
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