Overview
What is Terracorps Inc?
Terracorps Inc, based in Lowell, Massachusetts, is a nonprofit organization dedicated to empowering emerging leaders. They primarily focus on recruiting, assigning, and providing support for AmeriCorps members at partner sites across Massachusetts, Rhode Island, and Connecticut. The mission of Terracorps Inc is to prepare these leaders and help communities gain access to and conserve land for both people and nature. This mission is carried out with the aim of mobilizing these leaders to contribute to the preservation of the environment and the betterment of communities. The organization currently employs 129 individuals.
Official website here: www.terracorps.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 83%, Three-Star out of Four Star rating.
Terracorps Inc has received a decent rating of 83%, indicating a solid performance in several key areas of nonprofit management. The organization excels particularly in Leadership & Adaptability, scoring a perfect 100%, showcasing its commitment to fostering strong leadership practices. The accountability and finance aspects are also commendable, with an 81% score, reflecting responsible management of resources. However, the Culture & Community score is slightly lower at 79%, suggesting room for improvement in engagement and community involvement.
In terms of operational practices, Terracorps has demonstrated strong governance measures, boasting a majority of independent board members and robust policies such as conflict of interest and whistleblower protections. The organization also has a high program expense ratio of nearly 89%, indicating that a significant portion of its funds is directed towards its mission-related programs, which is a positive sign for donors looking for impactful contributions.
Despite these strengths, there are notable areas for improvement. The absence of the nonprofit's tax form on its website is a significant drawback, as transparency is crucial for building trust with stakeholders. Additionally, while the liabilities to assets ratio reflects some areas of concern, the organization maintains a strong equity strategy and has shown commitment to leadership development, which should help in addressing these limitations over time.
This AI summary has been generated from information found on Charity Navigator.
Is Terracorps Inc legitimate?
Terracorps Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terracorps 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,221,353
For more financial information, click here
Official website here: www.terracorps.org
What is the mission statement of Terracorps Inc?
Terracorps Inc is dedicated to the mission of empowering emerging leaders to help communities gain access to and conserve land for both people and nature. The organization's primary goal is to prepare and mobilize these leaders, enabling them to preserve and protect the environment. Through their initiatives, they recruit, assign, and provide support for AmeriCorps members at partner sites across various locations, facilitating their work in this noble cause.
Official website here: www.terracorps.org
Who is the CEO of Terracorps Inc?
David Graham Wolf is the President/Ceo of Terracorps Inc. The CEO's salary of Terracorps Inc is $84,745 and their total compensation is $86,784.
Official website here: www.terracorps.org
What is the revenue of Terracorps Inc?
Terracorps Inc's revenue in 2022 was $1,551,935.
Official website here: www.terracorps.org
Who are the executives of Terracorps Inc and what are their salaries?
The average compensation at Terracorps Inc during 2022 was $9,468. There are 129 employees at Terracorps Inc.
Here are 7 key members and their salaries (Terracorps Inc's CEO's salary is $84,745 and their total compensation is $86,784):
- Compensation: $84,745
- Related: $0
- Other: $2,039
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.terracorps.org
Where can I find the form 990 for Terracorps Inc?
Terracorps Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.terracorps.org
Learn more at the official website: www.terracorps.org
Mission Statement of Terracorps Inc
Terracorps Inc, a nonprofit organization, is dedicated to preparing and mobilizing emerging leaders to help communities gain access to and conserve land for the benefit of people and nature. Its mission revolves around recruiting, assigning, and providing support for AmeriCorps members at partner sites across Massachusetts, Rhode Island, and Connecticut. This mission is geared towards empowering these leaders to make a tangible difference in their communities, ensuring the preservation of natural resources for future generations. By doing so, Terracorps Inc plays a vital role in fostering sustainable development and promoting environmental conservation.
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Impact
June, 2024
Terracorps Inc's impact extends to preparing and mobilizing emerging leaders to assist communities in gaining access to and conserving land for people and nature. By recruiting, assigning, and providing support for AmeriCorps members at partner sites across Massachusetts, Rhode Island, and Connecticut, Terracorps is actively contributing to the conservation and preservation of the environment in these regions. Their mission to empower emerging leaders to make a tangible difference in land conservation efforts underscores their significant impact on both the environment and local communities.
This information is meant to be a general summary of Terracorps 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: $506
- Program Service Revenue: $540,928
- Gross Receipts: $1,551,935
Assets and Liabilities:
- Total Assets: $609,503
- Total Liabilities: $584,304
- Net Assets: $25,199
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE SITE FEE
Revenue
$534,642
OTHER INCOME
Revenue
$6,286
Organization Details
Founding Year
2017
Phone
(978) 364-9770Principal Officer
David Graham Wolf
Main Address
116 JOHN STREET 405, LOWELL, MA, 01852
Website
www.terracorps.orgNTEE Category
Code: C50 - Environment
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