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Social Profit Network

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 943360026 ✦ Menlo park, CA ✦ Designated as a 501(c)(3)

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Overview

What is Social Profit Network?

Social Profit Network is a nonprofit organization situated in Menlo Park, California. With a small team of one dedicated individual, their mission is to foster innovative, intelligent, and evolutionary charitable and educational activities in the health sector. They aim to develop affordable breakthroughs in the field that can be accessed by all, contributing positively to societal well-being. Their activities support projects that aim to improve lives and promote knowledge, demonstrating a commitment to positive change.


Official website here: www.none

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, Overall Score: 62%)

The Social Profit Network has garnered a two-star rating from Charity Navigator, indicating areas that need improvement, especially in their financial accountability. While the organization has a strong independent board with 100% independent members, and they have succeeded in maintaining a high program expense ratio at nearly 95%, the lack of financial statements significantly detracts from their overall score.

One of the key strengths of Social Profit Network is their commitment to transparency in governance, as evidenced by their conflict of interest and document retention policies. However, the absence of a whistleblower policy raises concerns about internal accountability. Additionally, their liabilities to assets ratio suggests potential financial risk, which could affect their overall sustainability.

Overall, while the organization displays a commendable commitment to program expenses and board independence, significant gaps in financial reporting and governance policies need to be addressed to improve their standing and trust with potential donors and the community.


This AI summary has been generated from information found on Charity Navigator.

Is Social Profit Network legitimate?

Social Profit Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Profit Network 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: $100,000

For more financial information, click here


Official website here: www.none

What is the mission statement of Social Profit Network?

The Social Profit Network's mission is centered around supporting innovative, intelligent, and evolutionary charitable and educational activities. Specifically, they collaborate with entrepreneurial individuals and organizations to drive advancements in the health sector, ensuring these breakthroughs are affordable and accessible to all. This non-profit organization aims to contribute significantly to the charitable and educational landscape, fostering progress and positive change.


Official website here: www.none

Who is the CEO of Social Profit Network?

Robert Levenson is the President/Dir of Social Profit Network.


Official website here: www.none

What is the revenue of Social Profit Network?

Social Profit Network's revenue in 2022 was $582,193.


Official website here: www.none

Who are the executives of Social Profit Network and what are their salaries?

The average compensation at Social Profit Network during 2022 was $100,000. There is 1 employee at Social Profit Network.


Here are 5 key members and their salaries:


Robert Levenson (President/Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Levenson (Sec/Treas/Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anil Chitrikar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Lefenfeld (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tab Schweitzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for Social Profit Network?

Social Profit Network's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of Social Profit Network

Social Profit Network, a forward-thinking organization, is committed to backing innovative, intelligent, and progressive charitable and educational activities. Their mission is to foster breakthroughs in the health sector, ensuring these advancements are affordable and accessible to all segments of society. By collaborating with entrepreneurial individuals and organizations, Social Profit Network is instrumental in driving evolution in the charitable and educational fields.

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Impact




July, 2024

Social Profit Network's impact is substantial in the realm of supporting innovative, intelligent, and evolutionary charitable and education activities. By partnering with entrepreneurial individuals and organizations, they are spearheading breakthroughs in the health field that are not only cutting-edge but also affordable enough to be accessible to all. This concerted effort in Menlo Park, CA, is making strides towards a more equitable and inclusive healthcare landscape, underscoring the organization's commitment to fostering philanthropy in a tangible and meaningful way.




This information is meant to be a general summary of Social Profit Network. 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.

Revenue
$582,193 (2022)
Expenses
$488,059 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$1,951
  • Gross Receipts: $1,447,616

Assets and Liabilities:

  • Total Assets: $612,743
  • Total Liabilities: $528,634
  • Net Assets: $84,109

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Organization Details

Founding Year

2000

Principal Officer

Robert Levenson

Main Address

250 OAK GROVE AVE 303, MENLO PARK, CA, 94025

Website

www.none

NTEE Category

Code: T30 - Philanthropy

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