Overview
What is Capital City Fund For Education Inc?
Capital City Fund For Education Inc, based in Austin, Texas, is a nonprofit organization dedicated to supporting the educational journey of disadvantaged children and youth in transition. Through their annual Empowerment Academy event, they bring together key resources and organizations, such as Workforce Solutions, Goodwill Industries, and the YMCA, to offer essential services and information on topics like college readiness, financial aid, job training, and school supplies. By providing a fun and engaging environment for homeless students and their families, Capital City Fund For Education Inc aims to empower and enrich these children in their educational pursuits, serving hundreds of individuals each year.
Official website here: www.capcitykids.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
The Capital City Fund for Education Inc has received a rating of "Needs Improvement" from Charity Navigator, with an overall score of 69%. This score reflects a strong commitment to maintaining an independent board, with 100% of its members being independent. Additionally, the organization has demonstrated effective management of its assets, with a low liabilities to assets ratio of 3.76% and a high program expense ratio of 94.84%, indicating that the majority of its resources are directed towards its educational programs.
However, there are notable weaknesses in the organization's accountability and transparency practices. The lack of financial statements, conflict of interest policy, whistleblower policy, and document retention guidelines significantly impacted their score in the Accountability & Finance category. These missing elements suggest an area for improvement in governance and operational transparency, which could enhance stakeholder trust and funding opportunities.
Overall, while the Capital City Fund for Education Inc shows strengths in its operational efficiency and commitment to independent governance, the absence of crucial policies and financial transparency measures highlights the need for development in these areas. Addressing these limitations could lead to a more favorable rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Capital City Fund For Education Inc legitimate?
Capital City Fund For Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital City Fund For Education 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.capcitykids.org
What is the mission statement of Capital City Fund For Education Inc?
Capital City Fund For Education Inc's mission is centered around assisting disadvantaged children and youth in transition in central Texas. Their primary objective is to facilitate and enhance their educational experience, enabling them to continue their studies successfully. To achieve this, they organize events like the Empowerment Academy, which provides families with access to essential resources and services, such as college readiness information, financial aid support, job training, and school supplies. The organization works in collaboration with various organizations to ensure a comprehensive support system for these children and youth, aiming to help them overcome their challenges and succeed in their educational journey.
Official website here: www.capcitykids.org
Who is the CEO of Capital City Fund For Education Inc?
Steven Gorman is the Director of Capital City Fund For Education Inc.
Official website here: www.capcitykids.org
What is the revenue of Capital City Fund For Education Inc?
Capital City Fund For Education Inc's revenue in 2022 was $628,453.
Official website here: www.capcitykids.org
Who are the executives of Capital City Fund For Education Inc and what are their salaries?
There 10 volunteers at Capital City Fund For Education Inc.
Here are 7 key members and their salaries:
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Official website here: www.capcitykids.org
Where can I find the form 990 for Capital City Fund For Education Inc?
Capital City Fund For Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.capcitykids.org
Learn more at the official website: www.capcitykids.org
Mission Statement of Capital City Fund For Education Inc
Capital City Fund For Education Inc, a nonprofit organization, is committed to empowering disadvantaged children and youth in transition in central Texas. Their mission is to provide these individuals with the resources and support they need to continue their educational journey. This is achieved through events like Empowerment Academy, which brings together various organizations and offers services such as college readiness advice, financial aid support, job training, and school supply distribution. By doing so, Capital City Fund For Education Inc aims to help these children and youth overcome the challenges they face and succeed in their academic pursuits.
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Impact
July, 2024
The Capital City Fund For Education Inc's impact is significant in enabling and enriching disadvantaged children and youth in transition in central Texas to continue their educational experience. Through initiatives like the Empowerment Academy, they provide essential support and resources to homeless students and their families, ensuring they are prepared for the new school year. By connecting them with key providers and offering services ranging from college readiness to job training, they have created a successful event that has positively impacted hundreds of people each year. Their dedication to empowering vulnerable youth in education is commendable and essential for fostering a brighter future for these individuals.
This information is meant to be a general summary of Capital City Fund For Education 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: $16
- Gross Receipts: $628,453
Assets and Liabilities:
- Total Assets: $376,187
- Total Liabilities: $14,149
- Net Assets: $362,038
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Organization Details
Founding Year
2006
Phone
(512) 348-7275Principal Officer
Steven Gorman
Main Address
5001 Plaza on the Lake Drive 200, Austin, TX, 78746
Website
www.capcitykids.orgNTEE Category
Code: B90 - Education
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