Institute For Nonprofit Practice Inc
- Assets
- $5.5m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 88
- Location
- Boston, MA
- Founding
- 08/2015
- Data as of
- 06/2023
- EIN
- 47-1613050
Organization Overview
Institute For Nonprofit Practice Inc is located in Boston, MA. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Institute For Nonprofit Practice Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Nonprofit Practice Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Institute For Nonprofit Practice Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $7.5m during the year ending 06/2023. While expenses have increased by 30.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE FOR NONPROFIT PRACTICE (INP) EQUIPS THE NATION'S SOCIAL IMPACT LEADERS WITH THE SKILLS, RESOURCES, NETWORKS, AND CONFIDENCE TO BOLDLY ADVANCE THEIR ORGANIZATIONS AND MISSIONS, CREATING A MORE EQUITABLE FUTURE FOR ALL. THROUGH A SUITE OF COMPREHENSIVE LEADERSHIP DEVELOPMENT PROGRAMS, ALUMNI ENGAGEMENT, THOUGHT LEADERSHIP, AND COMMUNITY CONVENINGS, INP TRAINS AND CONNECTS EXECUTIVES, MANAGERS, AND EMERGING LEADERS NATIONWIDE IN AN EFFORT TO FOSTER A MORE EFFECTIVE, INTERCONNECTED, EQUITABLE, AND DIVERSE SOCIAL IMPACT SECTOR.SINCE INP'S FOUNDING IN 2007, THE ORGANIZATION HAS RESPONDED TO INCREASED NEED AND DEMAND FOR ITS NATIONALLY RECOGNIZED PROGRAMMING, AND HAS EXPANDED TO SERVE MORE LEADERS, ORGANIZATIONS, AND COMMUNITIES. IN FISCAL YEAR 2023, INP SERVED A COMMUNITY OF 4,000 STUDENTS AND ALUMNI NATIONWIDE WHO ARE FUELING THE SOCIAL SECTOR IN 43 STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY23 THE INSTITUTE FOR NONPROFIT PRACTICE (INP) SERVED 381 GRADUATES FROM 265 UNIQUE ORGANIZATIONS ACROSS A GROWING PORTFOLIO OF PROGRAMS DESIGNED FOR INDIVIDUALS WORKING AT SOCIAL IMPACT ORGANIZATIONS. IN ADDITION, INP OFFERED SUPPORT AND PROGRAMMING FOR ITS 4,000 STUDENTS AND ALUMNI FROM COAST TO COAST. INP'S PROGRAMS ARE ROOTED IN A PRACTICAL, COMPREHENSIVE, AND HIGHLY EFFECTIVE CURRICULUM THAT GOES BEYOND WEEKLY LECTURES TO INCORPORATE VALUABLE PEER-TO-PEER LEARNING AND CROSS SECTOR COLLABORATION IN A HANDS-ON, DYNAMIC ENVIRONMENT. COMBINING BEST-IN-CLASS MANAGEMENT AND LEADERSHIP DEVELOPMENT, INP PROGRAMS SERVE LEADERS AT ALL LEVELS OF THEIR CAREERS. IN FY23, INP SERVED SOCIAL IMPACT SECTOR PROFESSIONALS THROUGH BOTH NATIONAL PROGRAMS OPEN TO ALL AROUND THE COUNTRY AND A SELECT PORTFOLIO OF PLACE-BASED PROGRAMS IN 11 LOCATIONS: BOSTON, MA, CAPE COD & THE ISLANDS, MA, MERRIMACK VALLEY / ESSEX COUNTY, MA, PROVIDENCE, RI, CHICAGO, IL, DALLAS, TX, LOS ANGELES, CA, SAN FRANCISCO BAY AREA, CA, MINNEAPOLIS-ST. PAUL, MN, NEW YORK, NY AND BUFFALO/WESTERN NEW YORK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yolanda Coentro President & CEO | OfficerTrustee | 40 | $346,519 |
Mark Rosen Chair(thru 6/23)/treas.(eff. 6/23) | OfficerTrustee | 4 | $0 |
David Shapiro Treas.(thru 6/23)/director | OfficerTrustee | 2 | $0 |
Matt Epstein Clerk, Director | OfficerTrustee | 2 | $0 |
Susan Cohen Director/ Chair (eff.6/23) | OfficerTrustee | 4 | $0 |
Josh Chalmers Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Positively Partners Llc Executive Search/recruiting | 6/29/23 | $132,000 |
Npag Executive Search/recruiting | 6/29/23 | $106,606 |
Ecratchit Inc Cfo/accounting Services | 6/29/23 | $102,006 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,212 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,775,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,976,980 |
| Total Program Service Revenue | $715,250 |
| Investment income | $86 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,692,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $533,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,539,887 |
| Compensation of current officers, directors, key employees. | $385,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,871,648 |
| Pension plan accruals and contributions | $17,572 |
| Other employee benefits | $233,939 |
| Payroll taxes | $329,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $146,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $784,009 |
| Advertising and promotion | $64,406 |
| Office expenses | $12,858 |
| Information technology | $78,692 |
| Royalties | $0 |
| Occupancy | $145,923 |
| Travel | $173,004 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,725 |
| Insurance | $11,441 |
| All other expenses | $0 |
| Total functional expenses | $7,539,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,971,253 |
| Savings and temporary cash investments | $89,318 |
| Pledges and grants receivable | $3,129,129 |
| Accounts receivable, net | $6,574 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $67,893 |
| Net Land, buildings, and equipment | $27,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $174,493 |
| Total assets | $5,466,295 |
| Accounts payable and accrued expenses | $522,046 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $169,732 |
| Total liabilities | $691,778 |
| Net assets without donor restrictions | $810,819 |
| Net assets with donor restrictions | $3,963,698 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,466,295 |