Overview
What is 321 Foundation?
The 321 Foundation is a nonprofit organization situated in Raleigh, North Carolina. With a focus on creating meaningful employment opportunities, they operate a coffee shop within the North Carolina State Farmers Market. Their primary mission is to support individuals with intellectual and developmental disabilities, offering them a chance to participate in and contribute to the workforce. The foundation employs a team of 25 individuals, contributing to their goal of empowering this group in their community.
Official website here: www.321coffee.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
The 321 Foundation has received an overall score of 83%, reflecting its strong performance in accountability and finance. The foundation has a fully independent board, which is a positive indicator of governance, as it consists of four independent members and has no material diversion of assets reported. Furthermore, the foundation demonstrates a high program expense ratio at 93.94%, showing that a significant portion of its funds is directed towards its mission.
However, there are some notable limitations in the foundation's policies. It lacks a whistleblower policy and a document retention and destruction policy, which are important for organizational integrity and accountability. Additionally, the tax form is not posted on the nonprofit's website, which may limit transparency for potential donors and stakeholders.
Overall, while the 321 Foundation scores well in several key areas, addressing the identified gaps in policy could enhance its governance practices and overall accountability.
This AI summary has been generated from information found on Charity Navigator.
Is 321 Foundation legitimate?
321 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 321 Foundation 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: $9,972
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,441
For more financial information, click here
Official website here: www.321coffee.com
What is the mission statement of 321 Foundation?
The 321 Foundation's mission is centered around providing meaningful work opportunities for individuals with intellectual and developmental disabilities. By doing so, they aim to empower these individuals, enabling them to contribute positively to society and lead fulfilling lives. One of their primary initiatives involves operating a coffee shop, where individuals with intellectual and developmental disabilities (IDD) are given the chance to gain employment and develop essential skills. This hands-on experience helps them build confidence, independence, and a sense of purpose.
Official website here: www.321coffee.com
Who is the CEO of 321 Foundation?
Michael Evans is the Cfo of 321 Foundation. The CEO's salary of 321 Foundation is $4,868 and their total compensation is $4,868.
Official website here: www.321coffee.com
What is the revenue of 321 Foundation?
321 Foundation's revenue in 2022 was $30,851.
Official website here: www.321coffee.com
Who are the executives of 321 Foundation and what are their salaries?
The average compensation at 321 Foundation during 2022 was $977. There are 25 employees and 15 volunteers at 321 Foundation.
Here are 6 key members and their salaries (321 Foundation's CEO's salary is $4,868 and their total compensation is $4,868):
- Compensation: $5,104
- Related: $0
- Other: $0
- Compensation: $4,868
- 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.321coffee.com
Where can I find the form 990 for 321 Foundation?
321 Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.321coffee.com
Learn more at the official website: www.321coffee.com
Mission Statement of 321 Foundation
The 321 Foundation, as a nonprofit organization, is committed to providing significant employment opportunities for individuals with intellectual and developmental disabilities (IDD). Its mission is centered around creating a meaningful work environment for these individuals, enabling them to contribute and grow in their capacities. The organization achieves this mission by operating a coffee shop at the North Carolina State Farmers Market, where individuals with IDD are employed in a meaningful and productive manner. This approach not only provides employment opportunities but also empowers these individuals, allowing them to integrate into the broader community and contribute to society in a tangible way.
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Impact
August, 2024
321 Foundation's impact can be seen in the meaningful work opportunities it provides to individuals with intellectual and developmental disabilities. Through operating a coffee shop at the North Carolina State Farmers Market in Raleigh, NC, individuals with IDD are able to gain employment and contribute to their community. This initiative aligns with the organization's mission of creating valuable work opportunities for this demographic, empowering them to showcase their abilities and skills in a supportive environment. The tag "Food" reflects the focus on culinary activities, which not only provides employment but also encourages skill development and independence among participants.
This information is meant to be a general summary of 321 Foundation. 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: $4
- Gross Receipts: $52,702
Assets and Liabilities:
- Total Assets: $21,133
- Total Liabilities: $0
- Net Assets: $21,133
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Organization Details
Founding Year
2017
Principal Officer
Michael Evans
Main Address
PO BOX 33590, RALEIGH, NC, 27636
Website
www.321coffee.comNTEE Category
Code: K99 - Food
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