Overview
What is Hope Anchor & Crew Inc?
Hope Anchor & Crew Inc is a nonprofit organization situated in Indianapolis, Indiana, with a single employee. Their primary mission is to empower underserved women in the community by providing them with marketable skills through jewelry-making and sales programs. By participating in these initiatives, women can enhance their lives and potentially secure steady income sources. The organization's activities and mission are aligned with this goal, aiming to provide opportunities for personal growth and financial independence. Hope Anchor & Crew Inc's work is focused on uplifting the lives of women within its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Hope Anchor & Crew Inc has achieved a notable four-star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is derived entirely from its accountability practices, achieving a perfect score in numerous areas, including having a majority of independent board members and a comprehensive set of governance policies.
The organization demonstrates responsible financial management, with a liabilities-to-assets ratio of 0.00%, indicating no debt, and a program expense ratio of 100.00%, showing that all funds are allocated directly to its programs. This commitment to financial health and transparency highlights the charity's dedication to effectively utilizing resources for its mission.
While the data showcases robust organizational strengths, ongoing vigilance in governance and financial practices will be essential to maintaining these high standards. Overall, Hope Anchor & Crew Inc appears to be a reputable nonprofit, making significant efforts to uphold accountability and transparency in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Anchor & Crew Inc legitimate?
Hope Anchor & Crew Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Anchor & Crew 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: $36,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hope Anchor & Crew Inc?
Hope Anchor & Crew Inc's mission is centered around assisting underprivileged women in the community. Through their specialized jewelry making and sales programs, they aim to empower these women by equipping them with marketable skills. Over the years, the organization has positively impacted numerous individuals, helping them enhance their life skills. Their activities primarily focus on providing educational opportunities in jewelry making, ultimately leading to potential income generation.
Who is the CEO of Hope Anchor & Crew Inc?
Lindsay Schloss is the Retail Development of Hope Anchor & Crew Inc.
What is the revenue of Hope Anchor & Crew Inc?
Hope Anchor & Crew Inc's revenue in 2022 was $202,439.
Who are the executives of Hope Anchor & Crew Inc and what are their salaries?
The average compensation at Hope Anchor & Crew Inc during 2022 was $36,000. There is 1 employee and 10 volunteers at Hope Anchor & Crew Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Hope Anchor & Crew Inc?
Hope Anchor & Crew Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope Anchor & Crew Inc
Hope Anchor & Crew Inc is a nonprofit organization dedicated to empowering underserved women in the community. Their mission is centered around providing these women with the opportunity to acquire marketable skills, specifically through jewelry making and sales. By offering these programs, Hope Anchor & Crew Inc has played a significant role in helping numerous women enhance their life skills.
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Impact
October, 2024
Hope Anchor & Crew Inc significantly impacts underserved women in the Indianapolis community by empowering them to acquire marketable skills through jewelry making and sales. This initiative has transformed the lives of thousands, providing them with essential life skills that foster independence and confidence.
Through their hands-on programs, participants not only learn the art of jewelry making but also gain practical knowledge in sales, enabling them to navigate the marketplace effectively. The ability to create and sell jewelry equips these women with both creative and entrepreneurial skills, enhancing their employability and fostering self-sufficiency.
By focusing on skill development, Hope Anchor & Crew Inc addresses the broader economic challenges faced by underserved populations, helping to break the cycle of poverty. Their work cultivates a sense of community and support among participants, promoting personal growth and resilience, and positively contributing to the social fabric of Indianapolis.
This information is meant to be a general summary of Hope Anchor & Crew 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.
- Gross Receipts: $202,439
Assets and Liabilities:
- Total Assets: $49,516
- Total Liabilities: $0
- Net Assets: $49,516
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Organization Details
Founding Year
2020
Principal Officer
Lindsay Schloss
Main Address
13578 East 131st Street STE 101, Indianapolis, IN, 46037
NTEE Category
Code: W70 - Public benefit
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