Overview
What is The Oikos Institute For Social Impact?
The Oikos Institute for Social Impact is a nonprofit organization that focuses on bridging the gap between anchor institutions and communities, primarily within faith communities and those identified as BIPOC. Its mission is to empower these institutions to utilize their assets for community transformation and economic revitalization. By connecting them with place-based investors, the institute raises awareness about social impact resources. Additionally, The Oikos Institute develops Community Development Financial Institutions (CDFIs) to provide financial assistance to underresourced BIPOC anchor institutions.
Official website here: www.oikosinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%, Zero-Star out of Four Star rating.
The Oikos Institute For Social Impact has received a low score of 48% from Charity Navigator, reflecting significant challenges in its accountability and financial practices. The rating indicates that while the organization has a majority of independent board members and has not reported any material diversion of assets, it lacks key policies and transparent financial statements which are critical for maintaining donor trust.
Strengths noted include a fully independent board and a solid liabilities-to-assets ratio, indicating good overall financial stability. However, the absence of essential governance policies such as conflict of interest, whistleblower, and document retention policies suggests a lack of comprehensive oversight. Additionally, the nonprofit has not posted its financial documents on its website, further impacting transparency.
Overall, while The Oikos Institute demonstrates some positive governance features, the significant shortcomings in financial disclosures and policy frameworks contribute to its low rating. Prospective donors may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Oikos Institute For Social Impact legitimate?
The Oikos Institute For Social Impact is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Oikos Institute For Social Impact 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: $332,699
Professional Fundraising Fees: $0
Other Salaries and Wages: $282,904
For more financial information, click here
Official website here: www.oikosinstitute.org
What is the mission statement of The Oikos Institute For Social Impact?
The Oikos Institute for Social Impact's mission is centered around assisting faith communities and other BIPOC anchor institutions in leveraging their assets. This mission aims to empower these institutions to serve as catalysts for communal transformation and economic renewal. The institute fosters connections between faith-inspired leaders and place-based investors, raising awareness about social impact resources. Additionally, it develops Community Development Financial Institutions (CDFIs) to provide financial support for underresourced BIPOC anchor institutions.
Official website here: www.oikosinstitute.org
What is the revenue of The Oikos Institute For Social Impact?
The Oikos Institute For Social Impact's revenue in 2023 was $1,052,671.
Official website here: www.oikosinstitute.org
Who are the executives of The Oikos Institute For Social Impact and what are their salaries?
The average compensation at The Oikos Institute For Social Impact during 2023 was $55,964. There are 11 employees at The Oikos Institute For Social Impact.
Here are 12 key members and their salaries:
- Compensation: $75,308
- Related: $0
- Other: $0
- Compensation: $84,891
- Related: $0
- Other: $0
- Compensation: $87,500
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $85,000
- Related: $0
- Other: $0
Official website here: www.oikosinstitute.org
Where can I find the form 990 for The Oikos Institute For Social Impact?
The Oikos Institute For Social Impact's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oikosinstitute.org
Learn more at the official website: www.oikosinstitute.org
Mission Statement of The Oikos Institute For Social Impact
The Oikos Institute for Social Impact is dedicated to aiding faith communities and other BIPOC anchor institutions in leveraging their assets for the purpose of fostering communal transformation and economic revitalization. By connecting these institutions with place-based investors, the institute aims to raise awareness about social impact resources. Furthermore, The Oikos Institute develops Community Development Financial Institutions (CDFIs) to provide financial resources for underresourced BIPOC anchor institutions, thereby empowering them to contribute substantially to their communities.
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Impact
July, 2024
The Oikos Institute For Social Impact helps faith communities and other BIPOC anchor institutions in Chicago harness their assets to spur communal transformation and economic renewal. They connect faith-inspired leaders with place-based investors to create awareness around social impact resources and develop CDFI to offer financial resources for under-resourced BIPOC anchor institutions.
This information is meant to be a general summary of The Oikos Institute For Social Impact. 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: $30
- Program Service Revenue: $843,165
- Gross Receipts: $1,052,671
Assets and Liabilities:
- Total Assets: $457,342
- Total Liabilities: $30,000
- Net Assets: $427,342
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COHORT DEVELOPMENT AND SUPPORT
Revenue
$546,165
OPERATIONS SUPPORT
Revenue
$297,000
Organization Details
Founding Year
2020
Principal Officer
Reginald Blount
Website
www.oikosinstitute.orgNTEE Category
Code: A23 - Arts
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