Overview
What is Must?
Must is a collaborative nonprofit organization, primarily composed of business owners and community members, situated in Templeton, California. With a team of six dedicated individuals, their mission lies in pooling donations and gifting them to local non-profits serving individuals in need. They focus on five key areas: housing, education, employment, basic needs, and other community needs within San Luis Obispo County. Essentially, Must functions as a collective fund manager, strategically investing in social good by channeling funds to approved applicants who cater to people in need.
Official website here: www.mustcharities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star Rating
Must has achieved an impressive Four-Star rating from Charity Navigator, reflecting its outstanding performance in both accountability and finance, as well as leadership and adaptability. The charity's perfect score of 100% in Accountability & Finance demonstrates its strong governance practices, including a fully independent board and comprehensive financial oversight, ensuring transparency and responsible management of funds.
The organization showcases excellent financial health with a program expense ratio of 74%, indicating that a significant portion of its expenses directly supports its mission. Furthermore, its fundraising efficiency is noteworthy, with only $0.07 spent to raise each dollar, which exemplifies effective resource management. The liabilities to assets ratio of 0.54% highlights Must's sound financial position, enabling it to sustain its operations and programs effectively.
In addition to its financial strengths, Must excels in leadership and strategic planning. It has received a perfect score in this area, indicating robust leadership and a clear vision for its initiatives. Overall, Must demonstrates high standards of accountability and effectiveness in fulfilling its mission, although further details regarding specific programs and their impact may provide additional context for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Must?
72% of reviewers on Facebook recommend this nonprofit. Here is a summary of their reviews:
Many users appreciate the organization for effectively connecting its members' dedication with community needs, highlighting a strong sense of support and purpose. The commitment to addressing local challenges and fostering community involvement stands out among the positive remarks.
However, with only a handful of reviews, it's essential to consider that perspectives may be limited. Overall, those who support Must seem to value its mission and the impact it aims to create within the community.
This AI summary has been generated from reviews found on Facebook.
Is Must legitimate?
Must is a legitimate nonprofit organization registered as a 501(c)(3) entity. Must 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: $111,672
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,658
For more financial information, click here
Official website here: www.mustcharities.org
What is the mission statement of Must?
Must is a collaboration of business owners and community members with a shared goal of making a positive impact. They achieve this by pooling donations and strategically distributing them to local non-profit organizations that serve those in need. Acting as a collective fund manager, Must invests in social good. The organization focuses on granting funds to approved applicants based on five areas of necessity: housing, education, employment, basic needs, and other community needs within their operating region.
Official website here: www.mustcharities.org
What is the revenue of Must?
Must's revenue in 2023 was $2,599,710.
Official website here: www.mustcharities.org
Who are the executives of Must and what are their salaries?
The average compensation at Must during 2023 was $77,332. There are 4 employees and 30 volunteers at Must.
Here are 10 key members and their salaries:
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- Compensation: $108,711
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- Other: $2,961
Official website here: www.mustcharities.org
Where can I find the form 990 for Must?
Must's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mustcharities.org
Learn more at the official website: www.mustcharities.org
Mission Statement of Must
Must, an organization comprised of business owners and community members, is committed to making a positive impact by pooling donations and distributing them to local non-profits serving individuals in need. Acting as a collective fund manager, Must strategically invests in social good. The mission of Must is to grant funds to approved applicants within San Luis Obispo County, focusing on five key areas of need: housing, education, employment, basic needs, and other community necessities. By addressing these critical areas, Must seeks to enhance the lives of those in need and contribute to the overall well-being of the community.
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Impact
July, 2024
MUST's impact is significant in addressing the needs of individuals and communities in San Luis Obispo County. By pooling donations and gifting them to local nonprofits, MUST plays a crucial role in supporting organizations that serve people in need. The grants provided by MUST are focused on key areas such as housing, education, employment, basic needs, and other community needs. Through its collaborative approach involving business owners and community members, MUST effectively manages funds to make a difference in social good initiatives.
This information is meant to be a general summary of Must. 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: $69,482
- Gross Receipts: $3,473,781
Assets and Liabilities:
- Total Assets: $3,937,088
- Total Liabilities: $21,633
- Net Assets: $3,915,455
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Organization Details
Founding Year
2010
Principal Officer
Kelli Law
Website
www.mustcharities.orgNTEE Category
Code: T30 - Philanthropy
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