Overview
What is The Formation Project?
The Formation Project is a nonprofit organization situated in North Charleston, South Carolina. Its primary mission is to aid individuals who have escaped human trafficking and commercial exploitation, offering them a safe haven in times of crisis. The organization provides emergency shelter, addressing the urgent need for a secure place to stay, and offers supportive services to help survivors stabilize and begin their healing journey. In 2022, they offered 359 emergency shelter bed nights and assisted 12 survivors with an average stay of one month. The Formation Project's activities and mission aim to reach, restore, and equip survivors and allies in the fight against human trafficking and commercial exploitation. They rely on partnerships with law enforcement and other relevant entities to make a difference in their community. The organization is staffed by 9 dedicated individuals.
Official website here: www.theformationproject.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Formation Project has received a solid rating of 87% from Charity Navigator, indicating a commendable level of accountability and financial health within the organization. The high marks in areas such as independent board membership and financial practices suggest that the organization is well-managed and transparent. With a program expense ratio of 81.87%, the majority of its funds are directed toward its programs, which is a positive sign for potential donors.
User reviews from platforms like Great Nonprofits highlight the impact of The Formation Project on survivors of human trafficking. Reviewers commend the organization for providing essential services such as legal aid, mental health counseling, and emergency housing. The supportive community built around survivors showcases the nonprofit's commitment to addressing complex needs and facilitating recovery.
While the organization displays many strengths, some challenges remain within the broader context of survivor recovery, such as the emotional burdens faced by individuals who may return to traffickers. However, the staff's understanding and supportive approach are noted as key strengths in helping these individuals navigate their complex situations. Overall, The Formation Project stands out as a vital resource for survivors in the Charleston area.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Formation Project legitimate?
The Formation Project is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Formation Project 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: $258,074
For more financial information, click here
Official website here: www.theformationproject.org
What is the mission statement of The Formation Project?
The Formation Project's mission is centered around reaching out, restoring, and equipping survivors and allies in the battle against human trafficking and commercial exploitation. This organization aims to provide support and resources during critical situations, offering a safe emergency shelter for survivors who are ready to leave their traffickers but lack a secure place to go. Their crisis intervention and emergency shelter program is viewed as a valuable asset by law enforcement, enabling them to intervene in a trauma-informed and secure manner, addressing survivors' basic needs and aiding in their stabilization so they can begin the healing process. In 2022, the project provided 359 emergency shelter bed nights and served 12 survivors with an average stay of one month.
Official website here: www.theformationproject.org
Who is the CEO of The Formation Project?
Carl Hansson is the Development Chair of The Formation Project.
Official website here: www.theformationproject.org
What is the revenue of The Formation Project?
The Formation Project's revenue in 2022 was $832,145.
Official website here: www.theformationproject.org
Who are the executives of The Formation Project and what are their salaries?
The average compensation at The Formation Project during 2022 was $28,675. There are 9 employees and 149 volunteers at The Formation Project.
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Official website here: www.theformationproject.org
Where can I find the form 990 for The Formation Project?
The Formation Project's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theformationproject.org
Learn more at the official website: www.theformationproject.org
Mission Statement of The Formation Project
The Formation Project, a nonprofit organization, is committed to reaching, restoring, and equipping survivors and allies in the fight against human trafficking and commercial exploitation. Their mission is to intervene in crisis situations, providing a safe and supportive environment for survivors who are ready to leave their traffickers but lack a secure place to go. The organization's emergency shelter program is designed to address this critical need, offering a traumatized-informed, secure space where survivors can meet their basic needs and begin the process of healing. In 2022, The Formation Project provided 359 emergency shelter bed nights and served 12 survivors, with the average stay lasting one month.
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Impact
July, 2024
The Formation Project's impact is significant in reaching, restoring, and equipping survivors and allies in the fight against human trafficking and commercial exploitation. Through their emergency shelter program, they provide a crucial service to survivors who find themselves in crisis situations with nowhere safe to go. By offering trauma-informed and safe interventions, they help survivors stabilize, meet their basic needs, and begin the healing process. In 2022 alone, The Formation Project provided 359 emergency shelter bed nights and served 12 survivors, with an average stay of one month. Law enforcement and the community view their services as assets, highlighting the positive impact they have in North Charleston, SC and beyond.
This information is meant to be a general summary of The Formation Project. 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: $15
- Gross Receipts: $841,200
Assets and Liabilities:
- Total Assets: $194,537
- Total Liabilities: $0
- Net Assets: $194,537
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Organization Details
Founding Year
2019
Phone
(864) 375-6635Principal Officer
Carl Hansson
Main Address
PO BOX 71863, NORTH CHARLESTON, SC, 29415
Website
www.theformationproject.orgNTEE Category
Code: P80 - Human services
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