Overview
What is The Foundation Of Accounting And Financial Women's Alliance?
The Foundation of Accounting and Financial Women's Alliance, located in Lexington, Kentucky, is a dedicated nonprofit organization. Its primary goal is to sponsor a range of scholarship programs, supporting the educational growth of its members and promising students at both undergraduate and graduate levels. The organization collaborates with national partners to develop, fund, and publicize these scholarship initiatives. The selection criteria for the winners vary by scholarship, and recipients gain substantial recognition through the AFWA website and communications. The foundation's mission is multifaceted, encompassing the provision of scholarships while actively promoting and advancing education, career development, and leadership in the realms of finance and accounting.
Official website here: www.afwa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating. This rating indicates that the Foundation of Accounting and Financial Women's Alliance has room for improvement in its financial accountability and performance. The overall score is derived solely from the Accountability & Finance category, where the organization received a score of 60%.
Strengths of the organization include a fully independent board, which scored 10 out of 10 for both the majority composition and board size. Additionally, the charity demonstrates strong governance practices with policies for conflicts of interest, whistleblowing, and document retention clearly listed. Further, it maintains transparency by publishing its tax form on its website and documenting board meeting minutes.
However, significant concerns arise from its financial ratios, particularly the program expense ratio, which stands at 46.72%. This indicates that less than half of its expenditures are devoted to program services, raising questions about its operational efficiency. Furthermore, the liabilities to assets ratio of 6.30% received a score of zero, suggesting potential financial instability that could impact the nonprofit's ability to sustain its activities in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation Of Accounting And Financial Women's Alliance legitimate?
The Foundation Of Accounting And Financial Women's Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of Accounting And Financial Women's Alliance 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.afwa.org
What is the mission statement of The Foundation Of Accounting And Financial Women's Alliance?
The Foundation of Accounting and Financial Women's Alliance is dedicated to providing scholarships and fostering education, career development, and leadership opportunities in the fields of finance and accounting. They accomplish this by offering a range of scholarship programs to support their members' educational advancement and extending these benefits to young and promising students at both undergraduate and graduate levels annually. Some of their national partners collaborate with them in developing, funding, and promoting these scholarship programs. The criteria for selecting scholarship winners vary by scholarship, and donors receive recognition through the AFWA website and its communications. Current co-branded scholarship partners include Surgent and Wiley CPA Excel.
Official website here: www.afwa.org
What is the revenue of The Foundation Of Accounting And Financial Women's Alliance?
The Foundation Of Accounting And Financial Women's Alliance's revenue in 2023 was $51,622.
Official website here: www.afwa.org
Who are the executives of The Foundation Of Accounting And Financial Women's Alliance and what are their salaries?
There 50 volunteers at The Foundation Of Accounting And Financial Women's Alliance.
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Official website here: www.afwa.org
Where can I find the form 990 for The Foundation Of Accounting And Financial Women's Alliance?
The Foundation Of Accounting And Financial Women's Alliance's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.afwa.org
Learn more at the official website: www.afwa.org
Mission Statement of The Foundation Of Accounting And Financial Women's Alliance
The Foundation of Accounting and Financial Women's Alliance is committed to its mission of providing scholarships and promoting and advancing education, career development, and leadership in the fields of finance and accounting. Through various scholarship programs, the organization supports the educational advancement of its members as well as young and promising students at both the undergraduate and graduate levels. The Foundation collaborates with its national partners to develop, fund, and promote these scholarship programs. The criteria for selecting scholarship recipients vary, with donors receiving recognition through the organization's website and communications. Currently, Surgent and Wiley CPA Excel are co-branded scholarship partners of the Foundation.
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Impact
August, 2024
The Foundation Of Accounting And Financial Women's Alliance has a significant impact on the field of finance and accounting by providing scholarships and promoting education, career development, and leadership opportunities. Through its scholarship programs, the organization supports members in their educational advancement and also benefits young and promising students at the undergraduate and graduate levels. By working with national partners to develop, fund, and promote these scholarship programs, the Foundation helps recognize donors and contribute to the professional growth of individuals in the finance and accounting industry. Overall, The Foundation Of Accounting And Financial Women's Alliance plays a crucial role in fostering the next generation of leaders in this field.
This information is meant to be a general summary of The Foundation Of Accounting And Financial Women's Alliance. 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 2023.
- Investment Income: $1,187
- Gross Receipts: $62,258
Assets and Liabilities:
- Total Assets: $203,877
- Total Liabilities: $12,854
- Net Assets: $191,023
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Organization Details
Founding Year
2004
Principal Officer
Cindy Stanley
Website
www.afwa.orgNTEE Category
Code: B82 - Education
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