Overview
What is Solidaire Network Inc?
Solidaire Network Inc, located in Oakland, California, serves as a community of donor activists. With a mission to foster racial, gender, and climate justice, they actively mobilize resources to support movements and individuals on the frontlines. Operating with 22 employees, Solidaire Network is known for its quick and generous grantmaking, advocating to rectify societal and philanthropic disinvestment in marginalized communities, including Black, Indigenous, and immigrant groups. Their activities primarily revolve around channeling funds to the heart of these crucial social causes.
Official website here: www.solidairenetwork.org
What are the reviews and ratings of this charity?
Charity Navigator gives Solidaire Network Inc a Three-Star out of Four Star rating with an overall score of 84%. This score reflects strengths in areas such as accountability and finance, particularly due to its independent board composition and transparency in operations. However, the organization faces challenges in areas like leadership adaptability and fundraising efficiency, indicating room for improvement in these aspects.
The charity shows a high program expense ratio of 92.10%, signifying a strong commitment to direct causes rather than overhead costs. Its culture and community scores are notably robust, with perfect scores in constituent feedback measurements, which speaks to its effective engagement with stakeholders. Despite these strengths, the low fundraising efficiency ratio suggests the organization may need to reevaluate its fundraising strategies.
While user reviews from GreatNonprofits were not accessible, the overall data indicates that Solidaire Network Inc has a solid foundation in governance and community engagement. Nevertheless, its limitations in fundraising efficiency and adaptability highlight areas where it needs to focus for further growth and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Solidaire Network Inc legitimate?
Solidaire Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Solidaire Network 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: $294,215
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,861,724
For more financial information, click here
Official website here: www.solidairenetwork.org
What is the mission statement of Solidaire Network Inc?
Solidaire Network Inc's mission is centered around mobilizing critical resources to the forefront of movements advocating for racial, gender, and climate justice. Operating as a community of donor organizers, Solidaire Network swiftly and generously distributes funds to these initiatives, demonstrating courage in challenging societal and philanthropic disinvestment from marginalized communities, including Black, Indigenous, and immigrant groups. Their work is dedicated to repairing the damages caused by such disinvestment.
Official website here: www.solidairenetwork.org
Who is the CEO of Solidaire Network Inc?
Rajasvini Bhansali is the Co-Chair of Solidaire Network Inc.
Official website here: www.solidairenetwork.org
What is the revenue of Solidaire Network Inc?
Solidaire Network Inc's revenue in 2023 was $7,973,691.
Official website here: www.solidairenetwork.org
Who are the executives of Solidaire Network Inc and what are their salaries?
The average compensation at Solidaire Network Inc during 2023 was $97,997. There are 22 employees and 13 volunteers at Solidaire Network Inc.
Here are 23 key members and their salaries:
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- Compensation: $281,226
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- Other: $54,287
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- Compensation: $130,794
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- Other: $24,113
- Compensation: $164,610
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- Compensation: $152,060
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- Other: $55,237
- Compensation: $127,068
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- Other: $27,387
- Compensation: $124,413
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- Other: $40,109
Official website here: www.solidairenetwork.org
Where can I find the form 990 for Solidaire Network Inc?
Solidaire Network Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.solidairenetwork.org
Learn more at the official website: www.solidairenetwork.org
Mission Statement of Solidaire Network Inc
Solidaire Network, a community of donor organizers, is dedicated to mobilizing essential resources to the forefront of social movements advocating for racial, gender, and climate justice. Their mission is to support organizations that are leading from the margins, repairing the damages caused by societal and philanthropic disinvestment in Black, Indigenous, and immigrant communities. Solidaire Network is distinguished by its swift and generous grantmaking, as well as its bold advocacy efforts to challenge the status quo and address systemic inequalities.
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Impact
July, 2024
Solidaire Network Inc mobilizes critical resources to support movements for racial, gender, and climate justice, advocating for communities that have historically been marginalized. Through its movement partnership and grantmaking activities, Solidaire Network swiftly channels funding to the frontlines, repairing the damages caused by society's and philanthropy's past neglect of Black, Indigenous, immigrant, and other marginalized groups. This proactive approach helps empower these communities to lead from the margins and drive meaningful change in society. Solidaire Network's impact is evident in its commitment to supporting intersectional movements and promoting justice on multiple fronts.
This information is meant to be a general summary of Solidaire Network 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 2023.
- Investment Income: $95,623
- Gross Receipts: $8,298,870
Assets and Liabilities:
- Total Assets: $2,945,543
- Total Liabilities: $1,660,312
- Net Assets: $1,285,231
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Organization Details
Founding Year
2019
Phone
(781) 996-7278Principal Officer
Rajasvini Bhansali
Main Address
1423 Broadway 314, Oakland, CA, 94612
Website
www.solidairenetwork.orgNTEE Category
Code: T12 - Philanthropy
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