Overview
What is Ten By Three?
Ten By Three is a nonprofit organization situated in Saint Louis, Missouri. Its primary mission is to combat poverty in six different countries by offering sustainable jobs and paying prosperity wages to local artisans. They achieve this by selling their handcrafted products, such as blessing baskets, to the general public. This initiative not only helps over 4,000 individuals provide essentials like food and education for themselves and their families but also empowers the artisans financially. With a small team of 13 dedicated individuals, Ten By Three is committed to making a significant impact in reducing poverty and improving livelihoods.
Official website here: www.tenbythree.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Ten By Three has received a two-star rating from Charity Navigator, with an overall score of 73%. While the nonprofit demonstrates significant strengths in governance, such as having a fully independent board and a high program expense ratio indicating effective resource allocation, it falls short in financial transparency. The absence of essential financial statements and documentation on their website raises concerns about accountability.
The organization has a solid commitment to ethical governance, evidenced by policies regarding conflicts of interest and the existence of board meeting minutes. However, the lack of a whistleblower policy and failure to provide essential financial documents limit its score and could potentially undermine donor confidence. The liabilities to assets ratio appears healthy, suggesting that the organization is managing its debts effectively.
Overall, while Ten By Three exhibits strong programmatic efficiency and governance practices, improvements in financial disclosures and transparency are needed to enhance trust and credibility among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ten By Three legitimate?
Ten By Three is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ten By Three 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: $415,602
For more financial information, click here
Official website here: www.tenbythree.org
What is the mission statement of Ten By Three?
Ten By Three's mission is centered around reducing poverty in third world countries. They accomplish this by paying artisans prosperity wages for their handcrafted products and then selling these items to the general public. This business model not only provides a source of income for over 4000 individuals in six different countries but also allows them to sustain their families by affording food and education. Ten By Three's mission is instrumental in creating employment opportunities and alleviating poverty in these countries.
Official website here: www.tenbythree.org
Who is the CEO of Ten By Three?
Theresa Carrington is the Ceo of Ten By Three. The CEO's salary of Ten By Three is $0 and their total compensation is $0.
Official website here: www.tenbythree.org
What is the revenue of Ten By Three?
Ten By Three's revenue in 2022 was $2,102,677.
Official website here: www.tenbythree.org
Who are the executives of Ten By Three and what are their salaries?
The average compensation at Ten By Three during 2022 was $31,969. There are 13 employees at Ten By Three.
Here are 9 key members and their salaries (Ten By Three's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
Official website here: www.tenbythree.org
Where can I find the form 990 for Ten By Three?
Ten By Three's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tenbythree.org
Learn more at the official website: www.tenbythree.org
Mission Statement of Ten By Three
Ten By Three is an organization dedicated to reducing poverty in third world countries. They accomplish this by paying prosperity wages for artisan-made products and then selling these items to the general public. By doing so, they raise funds that help over 4,000 individuals provide food and education for themselves and their families in six different countries. This approach not only alleviates poverty but also creates sustainable jobs. Ten By Three's mission is to empower local artisans and contribute to the betterment of communities in need, one prosperity wage and sold product at a time.
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Impact
July, 2024
Ten By Three's impact is significant in reducing poverty in third-world countries by creating sustainable jobs and paying prosperity wages to artisans. By selling Blessing Baskets and other products to the general public, they have been able to help more than 4000 individuals provide food and education for themselves and their families in six different countries. This organization's model not only empowers artisans economically but also contributes to long-term poverty alleviation by supporting local communities.
This information is meant to be a general summary of Ten By Three. 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.
- Program Service Revenue: $1,807,243
- Gross Receipts: $2,120,647
Assets and Liabilities:
- Total Assets: $1,410,636
- Total Liabilities: $562,144
- Net Assets: $848,492
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF BLESSING BASKETS
Revenue
$1,807,243
Organization Details
Founding Year
2004
Phone
(888) 618-1503Principal Officer
Theresa Carrington
Main Address
5234 OAKLAND AVENUE, SAINT LOUIS, MO, 63110
Website
www.tenbythree.orgNTEE Category
Code: Q33 - International
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