Overview
What is Phelps Association?
Phelps Association is a nonprofit organization based in New Haven, Connecticut. Primarily, their focus is on supporting the educational, social, and professional development of its members, primarily undergraduates at Yale University. The association achieves this by managing a building for its members and organizing activities within this space. With a workforce of five individuals, Phelps Association aims to contribute positively to the growth and development of its members, thereby enriching their university experience.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (73%)
The Phelps Association has received a two-star rating from Charity Navigator, indicating a need for improvement in certain organizational practices. The charity excels in accountability and finance, achieving a perfect score of 100%. Its independent board is fully compliant, with all members being independent, and the organization shows no signs of material diversion of assets.
However, the Phelps Association has several areas that require attention. Key policies such as conflict of interest, whistleblower protection, and document retention are missing, which has significantly impacted its overall score. Additionally, the organization has not provided its website on its tax form, nor has it posted its tax form on its website, leading to a lack of transparency that potential donors may find concerning.
This AI summary has been generated from information found on Charity Navigator.
Is Phelps Association legitimate?
Phelps Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phelps Association 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:
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Other Salaries and Wages: $62,826
For more financial information, click here
What is the mission statement of Phelps Association?
The Phelps Association is committed to fostering the educational, social, and professional growth of its members. They achieve this goal by organizing association activities. The association invests a significant portion of its resources in maintaining and operating a facility at Yale University, which serves as a platform for its members to further their personal development. The association's activities are designed to enrich its members' experiences, contributing to their overall growth and development.
Who is the CEO of Phelps Association?
Nathaniel M Cartmell Iii is the Governor of Phelps Association.
What is the revenue of Phelps Association?
Phelps Association's revenue in 2022 was $541,566.
Who are the executives of Phelps Association and what are their salaries?
The average compensation at Phelps Association during 2022 was $12,565. There are 5 employees and 8 volunteers at Phelps Association.
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Where can I find the form 990 for Phelps Association?
Phelps Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phelps Association
The Phelps Association is committed to supporting the educational, social, and professional development of its members. This mission is achieved through association activities, which provide a platform for members to grow and advance in various aspects of their lives. Specifically, the association invests a significant portion of its resources into maintaining and operating a building at Yale University, where undergraduate members can further their education and personal development. By offering a conducive environment and engaging in association activities, the Phelps Association works towards fostering the growth and success of its members.
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Impact
July, 2024
Phelps Association has a significant impact on its members by supporting their educational, social, and professional development through various association activities. Most notably, the association dedicates a substantial portion of its resources to maintaining and operating a building used by undergraduate members at Yale University. By providing a space for members to engage in educational and social activities, Phelps Association plays a crucial role in fostering the growth and development of its members.
This information is meant to be a general summary of Phelps Association. 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: $386,474
- Gross Receipts: $970,134
Assets and Liabilities:
- Total Assets: $9,024,598
- Total Liabilities: $116,636
- Net Assets: $8,907,962
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Organization Details
Founding Year
1884
Phone
(203) 624-1013Principal Officer
Nathaniel M Cartmell Iii
Main Address
PO BOX 202047, NEW HAVEN, CT, 065202047
NTEE Category
Code: B43I - Education
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