Overview
What is Kasina Youth Foundation For Financial Literacy Inc?
The Kasina Youth Foundation for Financial Literacy Inc is a nonprofit organization with a mission to empower young individuals by utilizing the expertise and resources within the financial service sector. Their goal is to enhance the financial capabilities of youth, aiming to provide them with the necessary skills and knowledge to manage their finances effectively. By leveraging the talents and resources of financial service companies and individuals, this nonprofit aims to make a significant impact on the financial well-being of the youth.
Official website here: www.kasinafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Kasina Youth Foundation For Financial Literacy Inc has achieved a 76% rating from Charity Navigator, indicating a commendable level of accountability and finance management. This rating is derived entirely from its performance in the accountability and finance beacon, where the foundation scored well in several key areas. Notably, it has a fully independent board with no material diversion of assets, reflecting a strong governance structure.
However, there are some areas where the organization falls short, particularly in the absence of critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These omissions led to a lower score in related metrics, which could impact transparency and accountability in the long run.
On a positive note, the foundation has an impressive program expense ratio of 82.80%, indicating that a significant portion of its finances is dedicated to its mission-related activities. With a liabilities to assets ratio of 0.00%, the organization appears to be financially sound, making it a potentially reliable choice for donors interested in supporting financial literacy initiatives for youth.
This AI summary has been generated from information found on Charity Navigator.
Is Kasina Youth Foundation For Financial Literacy Inc legitimate?
Kasina Youth Foundation For Financial Literacy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kasina Youth Foundation For Financial Literacy Inc 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: $0
For more financial information, click here
Official website here: www.kasinafoundation.org
What is the mission statement of Kasina Youth Foundation For Financial Literacy Inc?
The Kasina Youth Foundation for Financial Literacy Inc. has a mission to enhance the financial capabilities of youth. They achieve this by utilizing the talents and resources from companies and individuals within the financial service sector. The organization aims to empower young people, providing them with the necessary financial skills to navigate their future. By leveraging the expertise of the financial sector, they aim to bridge the gap in financial literacy among the youth. Despite being a terminated or inactive entity, the mission statement remains significant in highlighting the importance of financial education for the youth.
Official website here: www.kasinafoundation.org
What is the revenue of Kasina Youth Foundation For Financial Literacy Inc?
Kasina Youth Foundation For Financial Literacy Inc's revenue in 2022 was $1,537.
Official website here: www.kasinafoundation.org
Who are the executives of Kasina Youth Foundation For Financial Literacy Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.kasinafoundation.org
Where can I find the form 990 for Kasina Youth Foundation For Financial Literacy Inc?
Kasina Youth Foundation For Financial Literacy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kasinafoundation.org
Learn more at the official website: www.kasinafoundation.org
Mission Statement of Kasina Youth Foundation For Financial Literacy Inc
The Kasina Youth Foundation for Financial Literacy Inc is committed to enhancing the financial abilities of young individuals. They achieve this goal by leveraging the skills and resources available within the financial service sector and from individuals in this field. The organization's mission is to empower youth, providing them with the financial knowledge and tools necessary to navigate their financial lives effectively. By harnessing the talents and resources of financial service sector companies and individuals, Kasina Youth Foundation strives to make a significant impact on the financial literacy of young people.
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Impact
October, 2024
Kasina Youth Foundation For Financial Literacy Inc made significant strides in enhancing the financial capability of youth by harnessing the talents and resources of professionals from the financial service sector. Their initiatives aimed to empower young individuals with critical financial knowledge and skills, preparing them for informed decision-making in personal finance, budgeting, and investments. By collaborating with financial service companies and experts, the foundation sought to bridge gaps in financial education, equipping youth to navigate the complexities of financial systems. Although the organization is no longer active, its mission reflected a commitment to fostering financial literacy that could lead to more financially stable futures for young people.
This information is meant to be a general summary of Kasina Youth Foundation For Financial Literacy Inc. 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: $7
- Gross Receipts: $1,537
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
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