Overview
What is Mz Foundation?
The Mz Foundation, located at 19026 Ridgewood Parkway 225, San Antonio, TX 78259, is a nonprofit organization with a mission to raise funds and distribute them for educational purposes. They award scholarships to students in need of financial assistance and excel in their academic performance, as well as contribute to other charitable organizations. The organization's primary activity is centered around fundraising to support educational initiatives.
Official website here: www.mzfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Mz Foundation has received a commendable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The foundation's overall score reflects a strong commitment to financial health, with an exceptional program expense ratio of 97.18%, showing that the majority of its funds are directed towards its programs rather than administrative costs.
One of the organization’s notable strengths includes having a fully independent board, with all 10 board members being independent, which enhances transparency and governance. Additionally, the foundation has no reported material diversion of assets, showcasing responsible financial management.
However, there are areas for improvement, such as the absence of a whistleblower policy and a document retention and destruction policy, which both received zero out of seven points. Addressing these gaps could further strengthen the organization’s accountability practices and ensure comprehensive governance.
This AI summary has been generated from information found on Charity Navigator.
Is Mz Foundation legitimate?
Mz Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mz 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.
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.mzfoundation.com
What is the mission statement of Mz Foundation?
The Mz Foundation's primary mission revolves around raising funds and distributing them for educational purposes. This mission is carried out by awarding scholarships to students in need of financial assistance and demonstrating strong academic performance. Furthermore, the foundation also extends its charitable contributions to other educational organizations. In essence, the Mz Foundation is dedicated to boosting educational opportunities for deserving individuals and organizations.
Official website here: www.mzfoundation.com
Who is the CEO of Mz Foundation?
Eric Friedrichs is the President of Mz Foundation.
Official website here: www.mzfoundation.com
What is the revenue of Mz Foundation?
Mz Foundation's revenue in 2022 was $59,362.
Official website here: www.mzfoundation.com
Who are the executives of Mz Foundation and what are their salaries?
There 100 volunteers at Mz Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mzfoundation.com
Where can I find the form 990 for Mz Foundation?
Mz Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mzfoundation.com
Learn more at the official website: www.mzfoundation.com
Mission Statement of Mz Foundation
The Mz Foundation, as its name suggests, is an organization dedicated to raising funds and distributing them for educational purposes. Their mission is multifaceted, encompassing both the provision of financial aid to students in need and the support of other charitable organizations. This nonprofit organization awards scholarships to deserving students based on their financial situation and academic performance. By doing so, they contribute to the education of future leaders, thereby fostering a more knowledgeable and skilled society.
In addition to assisting individual students, the Mz Foundation also extends its support to other charitable organizations. By distributing funds to these entities, they contribute to various educational initiatives and causes. This holistic approach to education allows the Mz Foundation to make a significant impact in the field, ensuring that resources are allocated where they are needed most. In essence, the Mz Foundation serves as a catalyst for educational growth and development, empowering individuals and organizations to achieve their educational goals.
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Impact
August, 2024
Mz Foundation's impact lies in providing educational scholarships to students based on financial need and performance, as well as supporting other charitable organizations. By raising funds and distributing them for educational purposes, the foundation contributes to the advancement of education and helps students achieve their academic goals. Through these efforts, Mz Foundation plays a crucial role in promoting access to quality education and supporting the development of future leaders.
This information is meant to be a general summary of Mz 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: -$42,714
- Gross Receipts: $466,039
Assets and Liabilities:
- Total Assets: $808,133
- Total Liabilities: $7,854
- Net Assets: $800,279
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Organization Details
Founding Year
2006
Phone
(210) 495-5577Principal Officer
Eric Friedrichs
Main Address
19026 RIDGEWOOD PARKWAY 225, SAN ANTONIO, TX, 78259
Website
www.mzfoundation.comNTEE Category
Code: B82 - Education
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