Overview
What is Monat Gratitude Inc?
Monat Gratitude Inc is a forward-thinking nonprofit organization situated in Miami, Florida. The primary focus of Monat Gratitude is to foster positive change globally by collaborating with visionary organizations that are making a difference in the sectors of education, children's welfare, and family support. The organization believes in bolstering and investing in nonprofits that are already innovating and positively impacting their local communities. Through the Monat Gratitude Grants Program, qualified registered nonprofit organizations working in the targeted areas can apply for funding to support their programs and services. Monat Gratitude's mission is to inspire and motivate the broader community to engage in active change-making, contributing to the betterment of the world in these critical areas.
Official website here: www.monatgratitude.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning a Two-Star out of Four Star rating
Monat Gratitude Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas for improvement. The organization boasts a strong program expense ratio of 93.56%, suggesting that a large portion of its expenditures directly supports its charitable mission. Additionally, there are no reported material diversions of assets, which underscores a level of financial integrity.
However, the organization faces notable challenges, particularly in governance and financial management. With 0% independent board members, there are concerns about the oversight and accountability of the board. The financial statements have also received a low audit score, indicating potential weaknesses in transparency and accuracy. Furthermore, the fundraising efficiency ratio is quite low, suggesting that the organization may be struggling to effectively raise funds relative to its expenses.
Overall, while Monat Gratitude Inc is successful in directing funds toward its programs, the lack of independent oversight and poor fundraising efficiency may raise red flags for potential donors. Addressing these governance and financial management issues could significantly enhance the charity's performance and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Monat Gratitude Inc legitimate?
Monat Gratitude Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monat Gratitude 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $187,132
For more financial information, click here
Official website here: www.monatgratitude.com
What is the mission statement of Monat Gratitude Inc?
Monat Gratitude Inc's mission is to motivate and inspire their broader community to take action and generate positive change. They accomplish this by partnering with visionary organizations in the fields of education, children, and families. These organizations are making a significant impact in improving the world. Monat Gratitude believes in strengthening and investing in these nonprofits, as they are already innovating and making a positive impact in their local communities. The organization's Monat Gratitude Grants Program allows eligible registered nonprofit organizations to apply for grants to support their programs and services in these targeted areas.
Official website here: www.monatgratitude.com
Who is the CEO of Monat Gratitude Inc?
Luisaylen Urdenta is the CEO of Monat Gratitude Inc The CEO's salary of Monat Gratitude Inc is $0 and their total compensation is $0.
Official website here: www.monatgratitude.com
What is the revenue of Monat Gratitude Inc?
Monat Gratitude Inc's revenue in 2023 was $2,269,037.
Official website here: www.monatgratitude.com
Who are the executives of Monat Gratitude Inc and what are their salaries?
There 1900 volunteers at Monat Gratitude Inc.
Here are 4 key members and their salaries (Monat Gratitude Inc's CEO's salary is $0 and their total compensation is $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.monatgratitude.com
Where can I find the form 990 for Monat Gratitude Inc?
Monat Gratitude Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.monatgratitude.com
Learn more at the official website: www.monatgratitude.com
Mission Statement of Monat Gratitude Inc
Monat Gratitude Inc, as an organization, is dedicated to inspiring and motivating the broader community to take action and bring about positive change. They achieve this by partnering with visionary organizations working in the fields of education, children, and families. These organizations are making a significant impact in their local communities, innovating and improving the world. Monat Gratitude Inc believes in strengthening and investing in these nonprofits, providing them with grants through their Monat Gratitude Grants Program. Eligible registered nonprofit organizations working in the areas targeted by Monat Gratitude's pledge can apply for these grants to support their programs and services. In this way, Monat Gratitude Inc contributes to the ongoing efforts of these organizations, helping them to continue their positive impact on their communities.
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Impact
July, 2024
Monat Gratitude Inc's impact is focused on motivating and inspiring the greater community to take action and generate positive change through partnerships with visionary organizations in the areas of education, children, and families. By collaborating with these organizations, Monat Gratitude Inc helps to support programs and services that are improving the world and making a positive impact in local communities. Through initiatives like the Monat Gratitude Grants Program, eligible organizations can receive funding to further their work and contribute to community improvement.
This information is meant to be a general summary of Monat Gratitude 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.
- Gross Receipts: $2,269,037
Assets and Liabilities:
- Total Assets: $253,085
- Total Liabilities: $23,682
- Net Assets: $229,403
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Organization Details
Founding Year
2019
Principal Officer
Luisaylen Urdenta
Website
www.monatgratitude.comNTEE Category
Code: S99 - Community improvement
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