Overview
What is Alfred Street Baptist Church Foundation?
The Alfred Street Baptist Church Foundation, situated in Alexandria, Virginia, is a nonprofit organization renowned for its scholarship program. Based at 325 S Patrick Street, this organization honors deserving students by granting them financial aid for their college education. With a strong focus on higher education, the Foundation plays a significant role in supporting young individuals, contributing to their academic pursuits and future opportunities. The Foundation's mission is deeply rooted in the provision of these scholarships, which help students overcome financial barriers and advance their education.
Official website here: www.alfredstreet.org/stewardship/asbc-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating.
The Alfred Street Baptist Church Foundation has achieved an impressive 97% score, reflecting its strong commitment to accountability and financial health. With a 93% score in Accountability & Finance and a perfect 100% in Culture & Community, the foundation demonstrates effective management and transparency, notably having an entirely independent board. The absence of asset diversion and adherence to various governance policies further strengthen its credibility.
Financially, the foundation allocates 77.01% of its expenses directly to programs, indicating a focused investment in its mission. Its low liabilities to assets ratio of 0.10% suggests a stable financial position, making it a reliable organization for donors. The foundation also excels in soliciting and utilizing feedback from its community, enhancing its effectiveness and responsiveness to the needs of those it serves.
While the foundation showcases many strengths, the data does not highlight any significant challenges. Overall, the Alfred Street Baptist Church Foundation is recognized as a well-managed nonprofit that prioritizes both its financial health and community engagement, making it a commendable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Alfred Street Baptist Church Foundation legitimate?
Alfred Street Baptist Church Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alfred Street Baptist Church Foundation 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.
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Official website here: www.alfredstreet.org/stewardship/asbc-foundation
What is the mission statement of Alfred Street Baptist Church Foundation?
The Alfred Street Baptist Church Foundation's primary objective is centered around providing educational support. Specifically, it awards merit-based scholarships to deserving students who are pursuing higher education or are college-bound. The foundation has a history of granting scholarships to 144 students, demonstrating its commitment to empowering young individuals through education. The foundation's activities are focused on recognizing and aiding students who show potential and promise in their academic pursuits.
Official website here: www.alfredstreet.org/stewardship/asbc-foundation
Who is the CEO of Alfred Street Baptist Church Foundation?
Patricia Wallace is the President of Alfred Street Baptist Church Foundation.
Official website here: www.alfredstreet.org/stewardship/asbc-foundation
What is the revenue of Alfred Street Baptist Church Foundation?
Alfred Street Baptist Church Foundation's revenue in 2022 was $489,923.
Official website here: www.alfredstreet.org/stewardship/asbc-foundation
Who are the executives of Alfred Street Baptist Church Foundation and what are their salaries?
There 41 volunteers at Alfred Street Baptist Church Foundation.
Here are 14 key members and their salaries:
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Official website here: www.alfredstreet.org/stewardship/asbc-foundation
Where can I find the form 990 for Alfred Street Baptist Church Foundation?
Alfred Street Baptist Church Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alfredstreet.org/stewardship/asbc-foundation
Learn more at the official website: www.alfredstreet.org/stewardship/asbc-foundation
Mission Statement of Alfred Street Baptist Church Foundation
Alfred Street Baptist Church Foundation is an organization committed to recognizing and supporting deserving students by providing them with college scholarships. Its mission is centered around identifying and financially assisting students who demonstrate academic excellence and potential, enabling them to pursue higher education. Over the years, the Foundation has awarded scholarships to a total of 144 college and college-bound students, underlining its dedication to making education accessible and affordable. By offering these scholarships, the Foundation plays a significant role in empowering young individuals and contributing to their future success.
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Impact
July, 2024
Alfred Street Baptist Church Foundation has made a significant impact by awarding scholarships to 144 college and college-bound students in the city of Alexandria, VA. This support helps deserving students pursue their educational goals and achieve success. The Foundation's mission to provide college scholarships underscores its commitment to improving access to education and empowering individuals to reach their full potential.
This information is meant to be a general summary of Alfred Street Baptist Church Foundation. 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: -$101,190
- Program Service Revenue: $1,511
- Gross Receipts: $502,033
Assets and Liabilities:
- Total Assets: $2,589,747
- Total Liabilities: $2,600
- Net Assets: $2,587,147
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Organization Details
Founding Year
2002
Phone
(301) 683-2222Principal Officer
Patricia Wallace
Main Address
325 S Patrick Street, Alexandria, VA, 22314
NTEE Category
Code: P20 - Human services
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