Overview
What is Revolution Institute?
Revolution Institute is a nonprofit organization committed to empowering African-American and Latinx communities. Their mission is to unlock their vast potential by fostering sustainable, future-oriented work and entrepreneurship. By aligning collaborations with shared values, they aim to create a positive impact within these communities. Revolution Institute achieves this through their Social Enterprise Program, offering various services to support their cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning it a Two-Star out of Four Star rating. The rating reflects a moderate level of effectiveness in accountability and transparency, indicating that while the organization has several strong governance practices, there are areas for improvement, particularly in program efficiency.
One of the strengths of Revolution Institute is its governance structure, with a fully independent board and solid policies in place, such as for conflict of interest and whistleblower protection. These factors contribute positively to the organization’s accountability practices, as demonstrated by its high scores in areas like board independence and asset management.
However, the organization's program expense ratio is notably low at 51.01%, which suggests that a significant portion of its expenditures may not be directly contributing to its mission-related activities. This could raise concerns among donors regarding the financial efficiency of the organization in utilizing funds for its intended purposes. Overall, while there are commendable governance practices in place, potential supporters may want to consider the program efficiency before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Revolution Institute legitimate?
Revolution Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Revolution Institute 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: $170,748
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Revolution Institute?
The Revolution Institute is committed to liberating the vast potential of African-American and Latinx communities. They achieve this through sustainable, future-oriented initiatives in the realms of work, entrepreneurship, and collaborations that align with their values. The institute supports this mission through its Social Enterprise Program, providing various services to these communities.
Who is the CEO of Revolution Institute?
Sequane Lawrence is the Ceo of Revolution Institute. The CEO's salary of Revolution Institute is $170,748 and their total compensation is $170,748.
What is the revenue of Revolution Institute?
Revolution Institute's revenue in 2022 was $1,032,229.
Who are the executives of Revolution Institute and what are their salaries?
The average compensation at Revolution Institute during 2022 was $170,748. There is 1 employee and 4 volunteers at Revolution Institute.
Here are 4 key members and their salaries (Revolution Institute's CEO's salary is $170,748 and their total compensation is $170,748):
- Compensation: $170,748
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Revolution Institute?
Revolution Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Revolution Institute
Revolution Institute, a pioneering nonprofit organization, is dedicated to liberating the vast potential of African-American and Latinx communities. By fostering sustainable, future-oriented work, promoting entrepreneurship, and encouraging value-aligned collaborations, Revolution Institute aims to empower these communities. The institute achieves its mission through its Social Enterprise Program, which provides a platform for fostering growth and development in these communities, ultimately contributing to their overall betterment.
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Impact
July, 2024
Revolution Institute is making a significant impact by empowering African-American and Latinx communities in Chicago, IL to unlock their vast potential through sustainable work, entrepreneurship, and collaborations that align with their values. The institute's focus on future-oriented initiatives and value-aligned partnerships is driving positive change and creating opportunities for employment and growth within these communities.
This information is meant to be a general summary of Revolution Institute. 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: $1,389
- Gross Receipts: $1,032,229
Assets and Liabilities:
- Total Assets: $1,047,937
- Total Liabilities: $14,847
- Net Assets: $1,033,090
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Organization Details
Founding Year
2021
Phone
(773) 934-3014Principal Officer
Sequane Lawrence
Main Address
3410 West Lake Street, Chicago, IL, 60624
NTEE Category
Code: J22 - Employment
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