Overview
What is Unlocking Communities Inc?
Unlocking Communities Inc is a nonprofit social enterprise situated in Chicago, Illinois. Their primary mission is to empower Haitian individuals by providing them with essential business skills. They achieve this by training aspiring entrepreneurs in fundamental business principles, ultimately enabling them to sell sustainable products within their communities. Upon completing the training, these entrepreneurs gain access to in-demand products, allowing them to earn a commission while positively impacting their communities economically, socially, and environmentally. Since its inception, Unlocking Communities Inc has successfully trained over 250 entrepreneurs, resulting in the sale of over 7,000 products. With a dedicated team of two employees, they continue to strive towards their goal of fostering sustainable development in rural Haitian communities.
Official website here: www.unlockingcommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Unlocking Communities Inc has achieved a perfect score of 100%, reflecting its strong commitment to accountability and finance. This rating is based solely on a single beacon score, indicating outstanding performance in financial management and transparency. The organization has successfully demonstrated effective oversight through an independent board, with all members being independent, which enhances its governance quality.
The financial health of Unlocking Communities is notably robust, as evidenced by a low liabilities to assets ratio of 0.21%. This indicates that the organization is in a good position to fulfill its mission without being burdened by excessive debt. Additionally, the charity dedicates a significant portion of its budget, 80.64%, directly to its programs, which suggests a strong focus on impact and service delivery.
Furthermore, the organization has established comprehensive policies regarding conflict of interest, whistleblowing, and document retention, all contributing to a transparent operational framework. The availability of financial statements and board meeting minutes on its website enhances the organization's accountability to donors and stakeholders alike. Overall, Unlocking Communities Inc exemplifies strong financial stewardship and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Unlocking Communities Inc legitimate?
Unlocking Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unlocking Communities 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: $101,861
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,563
For more financial information, click here
Official website here: www.unlockingcommunities.org
What is the mission statement of Unlocking Communities Inc?
Unlocking Communities Inc's mission is centered around empowering entrepreneurs. The nonprofit organization provides them with the necessary education and tools to sell sustainable products. This mission aims to catalyze economic, social, and environmental transformation in the communities where these entrepreneurs operate. By equipping aspiring business owners with fundamental skills, Unlocking Communities enables them to access in-demand products. Upon successfully completing the training, these entrepreneurs can sell these products to their local communities, earning commissions in the process. Since its inception, Unlocking Communities has trained over 250 entrepreneurs, who have collectively sold over 7,000 items.
Official website here: www.unlockingcommunities.org
Who is the CEO of Unlocking Communities Inc?
Joshua Hester-Goralski is the Ceo of Unlocking Communities Inc. The CEO's salary of Unlocking Communities Inc is $90,920 and their total compensation is $90,920.
Official website here: www.unlockingcommunities.org
What is the revenue of Unlocking Communities Inc?
Unlocking Communities Inc's revenue in 2022 was $843,688.
Official website here: www.unlockingcommunities.org
Who are the executives of Unlocking Communities Inc and what are their salaries?
The average compensation at Unlocking Communities Inc during 2022 was $75,212. There are 2 employees and 75 volunteers at Unlocking Communities Inc.
Here are 7 key members and their salaries (Unlocking Communities Inc's CEO's salary is $90,920 and their total compensation is $90,920):
- Compensation: $90,920
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $67,500
- 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.unlockingcommunities.org
Where can I find the form 990 for Unlocking Communities Inc?
Unlocking Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unlockingcommunities.org
Learn more at the official website: www.unlockingcommunities.org
Mission Statement of Unlocking Communities Inc
Unlocking Communities Inc, a nonprofit social enterprise, is dedicated to empowering entrepreneurs in their communities. Its mission is to equip these entrepreneurs with the necessary education and tools to sell sustainable products that catalyze economic, social, and environmental transformation. By providing business fundamentals training, Unlocking Communities enables aspiring entrepreneurs to gain access to in-demand products, enabling them to earn a commission through sales. As of now, over 250 entrepreneurs have been trained by Unlocking Communities, resulting in the sale of over 7,000 sustainable products in various communities.
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Impact
July, 2024
Unlocking Communities Inc, based in Chicago, Illinois, is making a significant impact by equipping entrepreneurs with the education and tools needed to sell sustainable products that catalyze economic, social, and environmental transformation in their communities. This nonprofit social enterprise is working towards creating lasting change in rural Haitian communities by providing aspiring entrepreneurs with training in business fundamentals. So far, Unlocking Communities Inc has trained over 250 entrepreneurs who have collectively sold over 7,000 products to community members, enabling them to earn a commission and improve their livelihoods. Through their dedication and efforts, Unlocking Communities Inc is empowering individuals to become agents of change in their own communities.
This information is meant to be a general summary of Unlocking Communities 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: $57
- Program Service Revenue: $75,788
- Gross Receipts: $843,688
Assets and Liabilities:
- Total Assets: $644,253
- Total Liabilities: $1,392
- Net Assets: $642,861
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Community Education
Revenue
$75,788
Organization Details
Founding Year
2018
Phone
(630) 303-7259Principal Officer
Joshua Hester-Goralski
Main Address
100 N Hermitage Ave Ste 704, Chicago, IL, 60612
Website
www.unlockingcommunities.orgNTEE Category
Code: Q33 - International
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