Overview
What is Inmates To Entrepreneurs Inc?
Inmates To Entrepreneurs Inc is a nonprofit organization situated in Holly Springs, North Carolina. Their primary mission is to aid individuals with a criminal background in launching and managing their own small businesses. They achieve this by offering a free, eight-week virtual course, available year-round, which covers various aspects of entrepreneurship, such as initial steps, mindset, marketing, and financial management. The course is comprehensive and open to anyone with any type of criminal background. The organization's core purpose is to empower these individuals with the necessary skills and resources to build successful businesses and reintegrate into society.
Official website here: www.inmatestoentrepreneures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Inmates To Entrepreneurs Inc has achieved an impressive score of 97%, reflecting its strong commitment to accountability and financial management. The organization has received full marks in various categories, including having a completely independent board and a perfect liabilities to assets ratio of 0.00%. This rating indicates robust governance and responsible stewardship of resources.
The nonprofit excels in transparency, evidenced by its clear policies regarding conflicts of interest and document retention, as well as the availability of board meeting minutes. With a program expense ratio of 98.62%, nearly all of its expenditures are directed towards its programs, showcasing a focus on impact over administrative costs. This dedication to operational excellence strengthens the organization’s credibility.
While the data showcases substantial strengths, it is essential for potential donors and stakeholders to review the organization’s mission and program effectiveness to understand its impact fully. Overall, Inmates To Entrepreneurs Inc demonstrates a solid framework for financial responsibility and transparency, making it a noteworthy choice for those looking to support initiatives aimed at helping formerly incarcerated individuals.
This AI summary has been generated from information found on Charity Navigator.
Is Inmates To Entrepreneurs Inc legitimate?
Inmates To Entrepreneurs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inmates To Entrepreneurs 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: $35,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.inmatestoentrepreneures.org
What is the mission statement of Inmates To Entrepreneurs Inc?
Inmates To Entrepreneurs Inc's mission is centered around assisting individuals with a criminal background in their entrepreneurial pursuits. The organization provides resources and education in the realm of entrepreneurship to help these individuals start or grow their own small businesses. They offer a free, eight-week virtual course covering various aspects of business, such as initial steps, attitude, marketing, and finance. The course is open to anyone with a criminal background and runs year-round.
Official website here: www.inmatestoentrepreneures.org
What is the revenue of Inmates To Entrepreneurs Inc?
Inmates To Entrepreneurs Inc's revenue in 2024 was $10,000.
Official website here: www.inmatestoentrepreneures.org
Who are the executives of Inmates To Entrepreneurs Inc and what are their salaries?
The average compensation at Inmates To Entrepreneurs Inc during 2024 was $35,000. There is 1 employee at Inmates To Entrepreneurs Inc.
Here are 9 key members and their salaries:
- Compensation: $35,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.inmatestoentrepreneures.org
Where can I find the form 990 for Inmates To Entrepreneurs Inc?
Inmates To Entrepreneurs Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.inmatestoentrepreneures.org
Learn more at the official website: www.inmatestoentrepreneures.org
Mission Statement of Inmates To Entrepreneurs Inc
Inmates To Entrepreneurs Inc, as a nonprofit organization, is dedicated to assisting individuals with criminal backgrounds in launching and managing their own businesses. By providing resources and entrepreneurship education, this organization aims to empower these individuals, helping them transition into self-sufficient and productive members of society. Inmates To Entrepreneurs Inc offers an eight-week virtual course at no cost, covering various topics such as initial steps, mindset, marketing, and financial management. This comprehensive program is open to anyone with any type of criminal history, fostering a supportive environment for personal and professional growth.
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Impact
July, 2024
Inmates To Entrepreneurs Inc has been instrumental in empowering individuals with criminal backgrounds to pursue entrepreneurship through its virtual eight-week courses. By offering free resources and education on topics like business finance, marketing, and first steps, they are enabling participants to start their own small businesses. This organization's impact is evident in the opportunities it creates for individuals with criminal backgrounds to build successful enterprises and rebuild their lives.
This information is meant to be a general summary of Inmates To Entrepreneurs 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 2024.
- Gross Receipts: $10,000
Assets and Liabilities:
- Total Assets: $132,549
- Total Liabilities: $0
- Net Assets: $132,549
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Organization Details
Founding Year
2018
Principal Officer
Alexandria Thomas
NTEE Category
Code: I40 - Crime
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