Overview
What is Robert Vasen Foundation?
The Robert Vasen Foundation, situated in Bellevue, Washington, is a nonprofit organization dedicated to supporting the development of at-risk youth. They strive to help these young individuals graduate from high school, collaborating with the Bellevue Boys & Girls Club in their mission. The foundation is also working on a strategic plan for future giving, aiming to uphold the spirit and values of Robert Vasen while engaging with the community to address the challenges confronting young people. Their primary focus is on youth development, with a commitment to fostering community action in response to the issues that young people encounter.
Official website here: www.robertvasen.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Robert Vasen Foundation has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The foundation's overall score is derived exclusively from its Accountability & Finance score of 76%. This rating indicates a commitment to responsible financial practices, highlighted by a 95.62% program expense ratio, suggesting that a significant portion of its funding is directed towards its charitable programs.
Strengths of the foundation include having a fully independent board, with all ten members meeting the criteria for independence and an optimal board size of five independent members. Additionally, there are no reported material diversions of assets, and the organization has effectively documented board meeting minutes. The foundation also ensures transparency by listing its website on its tax forms.
However, there are notable areas where the foundation falls short, as it lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These omissions may raise concerns regarding governance practices. Overall, while the Robert Vasen Foundation demonstrates strong financial health and accountability, improving its governance policies would enhance its transparency and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Robert Vasen Foundation legitimate?
Robert Vasen Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robert Vasen 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.robertvasen.com/foundation
What is the mission statement of Robert Vasen Foundation?
The Robert Vasen Foundation is dedicated to carrying forward the spirit, values, and initiatives of Robert Vasen by advocating for the development of youth and encouraging community involvement in addressing the challenges faced by young people. One of their key programs is the "Be Great Graduate" initiative, which aims to help at-risk youth complete high school. They also have a partnership with the Bellevue Boys & Girls Club and are currently developing a strategic plan for future philanthropic endeavors. In essence, the foundation's mission is to support the growth and well-being of youth while fostering community engagement.
Official website here: www.robertvasen.com/foundation
Who is the CEO of Robert Vasen Foundation?
David Vasen is the President of Robert Vasen Foundation.
Official website here: www.robertvasen.com/foundation
What is the revenue of Robert Vasen Foundation?
Robert Vasen Foundation's revenue in 2022 was $58,096.
Official website here: www.robertvasen.com/foundation
Who are the executives of Robert Vasen Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.robertvasen.com/foundation
Where can I find the form 990 for Robert Vasen Foundation?
Robert Vasen Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.robertvasen.com/foundation
Learn more at the official website: www.robertvasen.com/foundation
Mission Statement of Robert Vasen Foundation
The Robert Vasen Foundation, named in honor of its eponymous founder, is dedicated to perpetuating his spirit, values, and community-focused activities. With a commitment to supporting the development of youth, the foundation aims to address the challenges that young people often encounter. One of its key initiatives is the "Be Great Graduate" program, which is designed to assist at-risk students in completing their high school education. The foundation has also formed a partnership with the Bellevue Boys & Girls Club to further its youth development objectives. Currently, the Robert Vasen Foundation is working on establishing a strategic plan for its future philanthropic endeavors.
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Impact
August, 2024
The Robert Vasen Foundation's impact is centered around youth development, particularly through its "Be Great Graduate" program. This initiative is designed to support at-risk youth in graduating from high school successfully. By partnering with the Bellevue Boys & Girls Club and developing a strategic plan for future giving, the foundation is actively working to empower young people and address the challenges they face. Through its commitment to continuing Robert Vasen's values and activities, the foundation is fostering actions within the community that positively impact youth development.
This information is meant to be a general summary of Robert Vasen 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.
- Gross Receipts: $58,096
Assets and Liabilities:
- Total Assets: $1,081,348
- Total Liabilities: $0
- Net Assets: $1,081,348
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Organization Details
Founding Year
2007
Phone
(425) 455-9991Principal Officer
David Vasen
Main Address
2807 - 102ND AVENUE SE, BELLEVUE, WA, 98004
NTEE Category
Code: O50 - Youth development
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