Overview
What is Boston-Thurmond Innovation Network?
Boston-Thurmond Innovation Network is a nonprofit organization situated in Winston Salem, North Carolina. Their primary mission is to foster a thriving community that preserves its historical charm while providing ample opportunities for secure and healthy living. This includes promoting quality, affordable housing for individuals across various income levels, establishing schools that deliver exceptional educational outcomes from birth, and ensuring access to employment and economic prosperity. The organization supports and facilitates the vision of Boston-Thurmond residents, aiming to create a neighborhood that is integrated into the broader Winston-Salem community. They employ an interconnected approach to community revitalization in line with the Purpose Built Communities model.
Official website here: www.https
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Boston-Thurmond Innovation Network has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 84%. This rating indicates that the organization effectively manages its finances and adheres to good governance practices. The overall score is derived entirely from factors related to accountability and finance, which suggests a strong emphasis on transparency and responsible financial management.
The organization demonstrates notable strengths, including a fully independent board with 16 members and strong oversight mechanisms, as evidenced by high scores in categories such as financial statements and material diversion of assets. Additionally, the program expense ratio stands at an impressive 76.97%, indicating that a significant portion of its expenditures directly supports its programs and mission.
However, there are areas for improvement; the organization lacks certain policies, including a conflict of interest policy and a whistleblower policy, which received no points in their evaluation. Addressing these gaps could further enhance the organization's accountability and governance practices. Overall, the Boston-Thurmond Innovation Network shows promising financial health and governance, yet should consider strengthening its policy framework for heightened accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Boston-Thurmond Innovation Network legitimate?
Boston-Thurmond Innovation Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston-Thurmond Innovation 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: $74,941
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,569
For more financial information, click here
Official website here: www.https
What is the mission statement of Boston-Thurmond Innovation Network?
The Boston-Thurmond Innovation Network's mission is to assist in realizing the vision of its community members for a robust and economically sustainable neighborhood that seamlessly integrates with the wider Winston-Salem community. The network undertakes an integrated approach to community development, aligning with the Purpose Built Communities model. This endeavor aims to foster a lively neighborhood that preserves its historical charm while increasing opportunities for secure and healthy living environments, affordable housing across income brackets, high-performing schools commencing from early childhood education, and access to job markets and economic prosperity.
Official website here: www.https
What is the revenue of Boston-Thurmond Innovation Network?
Boston-Thurmond Innovation Network's revenue in 2024 was $986,969.
Official website here: www.https
Who are the executives of Boston-Thurmond Innovation Network and what are their salaries?
There 16 volunteers at Boston-Thurmond Innovation Network.
Here are 17 key members and their salaries:
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Official website here: www.https
Learn more at the official website: www.https
Mission Statement of Boston-Thurmond Innovation Network
The Boston-Thurmond Innovation Network is committed to realizing the aspirations of its local residents for a robust and economically thriving neighborhood that seamlessly integrates into the broader Winston-Salem community. This organization adheres to an interconnected strategy for community regeneration, adopting the Purpose Built Communities model as its guiding principle. By pursuing this mission, the Network aims to establish a vibrant community that preserves its rich heritage while expanding opportunities for secure and healthy lifestyles, affording quality, reasonably-priced housing across various income levels. Moreover, the Network strives to establish neighborhood schools that prioritize excellence, starting from early childhood education and extending through to higher educational achievements. Lastly, the Boston-Thurmond Innovation Network is dedicated to providing residents with access to employment opportunities and fostering economic prosperity.
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Impact
July, 2024
The Boston-Thurmond Innovation Network's impact can be seen in the transformation of the neighborhood into a vibrant and economically viable community. Through its efforts, the network has worked towards providing quality, affordable housing for residents at all income levels, improving neighborhood schools to ensure the highest educational outcomes for all children, and creating opportunities for safe and healthy lifestyles. Additionally, by focusing on access to jobs and economic well-being, the network has helped enhance the overall quality of life for Boston-Thurmond residents. This comprehensive approach to community revitalization aligns with the Purpose Built Communities model, emphasizing the interconnectedness of various factors in promoting sustainable development and growth in the neighborhood.
This information is meant to be a general summary of Boston-Thurmond Innovation 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 2024.
- Investment Income: $7,883
- Gross Receipts: $986,969
Assets and Liabilities:
- Total Assets: $496,969
- Total Liabilities: $13,770
- Net Assets: $483,199
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Organization Details
Founding Year
2017
Principal Officer
Regina Hall
Website
www.httpsNTEE Category
Code: S20 - Community improvement
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