Overview
What is North Jersey Alumnae Minerva Corporation Inc?
North Jersey Alumnae Minerva Corporation Inc is a nonprofit organization based in Newark, New Jersey. Despite its scholarship program aiming to provide financial assistance to high school seniors in specific areas, the organization did not award any scholarships during the year in question. Instead, they made a charitable donation of $100 to the Sisters Network. The organization's mission encompasses providing scholarships and other forms of aid to support students in their target areas. The organization operates under the name North Jersey Minerva Corporation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
North Jersey Alumnae Minerva Corporation Inc has demonstrated a strong commitment to accountability and financial health, as evidenced by its impressive 94% score. The organization benefits from a fully independent board, with all ten members meeting the criteria, which enhances transparency and governance. Additionally, there are no reported issues regarding material diversion of assets, and the organization has implemented essential policies such as conflict of interest, whistleblower, and document retention.
The program expense ratio stands at an outstanding 94.73%, indicating that a significant majority of its expenditures are directed towards its mission-related activities. This high percentage reflects the organization's effective use of resources in pursuing its objectives. The liabilities to assets ratio is notably at 0.00%, which suggests a robust financial position without reliance on debt.
While the charity's strengths are evident, there are no specific limitations mentioned in the available data. The comprehensive policies and practices in place further bolster the organization’s credibility, making it a reliable choice for potential donors looking to support a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is North Jersey Alumnae Minerva Corporation Inc legitimate?
North Jersey Alumnae Minerva Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Jersey Alumnae Minerva Corporation 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.
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Other Salaries and Wages: $0
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What is the mission statement of North Jersey Alumnae Minerva Corporation Inc?
North Jersey Alumnae Minerva Corporation Inc's mission is centered around providing support to high school seniors in their target areas. This support primarily takes the form of financial assistance through scholarships. Beyond scholarships, the organization is also committed to offering any additional aid that could benefit these students. Unfortunately, during the specified calendar year, the corporation did not award any scholarships. However, they did contribute $100 to the Sisters Network, demonstrating their continued commitment to supporting their target community.
Who is the CEO of North Jersey Alumnae Minerva Corporation Inc?
Mollie Smith is the President of North Jersey Alumnae Minerva Corporation Inc.
What is the revenue of North Jersey Alumnae Minerva Corporation Inc?
North Jersey Alumnae Minerva Corporation Inc's revenue in 2022 was $1,000.
Who are the executives of North Jersey Alumnae Minerva Corporation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for North Jersey Alumnae Minerva Corporation Inc?
North Jersey Alumnae Minerva Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Jersey Alumnae Minerva Corporation Inc
North Jersey Alumnae Minerva Corporation Inc, as a nonprofit organization, is committed to providing financial assistance to high school seniors residing in their designated areas. Their mission is multifaceted, extending beyond just scholarship provision. They aim to offer any additional support that could be beneficial to students residing within their target area. During a particular year, they did not award any scholarships but made a donation of $100 to The Sisters Network, demonstrating their dedication to uplifting the educational prospects of young individuals in their community.
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Impact
October, 2024
North Jersey Alumnae Minerva Corporation Inc significantly contributes to the educational landscape by providing financial assistance to high school seniors in targeted areas. Although there were no scholarships awarded during the most recent calendar year, the organization remains dedicated to its mission of supporting students in their academic pursuits.
In addition to its scholarship program, the corporation demonstrated its commitment to community engagement by donating $100 to the Sisters Network, an organization that supports and empowers African American women affected by breast cancer. Through these efforts, North Jersey Alumnae Minerva Corporation Inc plays a vital role in fostering educational opportunities and community support, ultimately uplifting local students and enhancing their prospects for the future.
This information is meant to be a general summary of North Jersey Alumnae Minerva Corporation 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.
- Gross Receipts: $1,000
Assets and Liabilities:
- Total Assets: $10,985
- Total Liabilities: $0
- Net Assets: $10,985
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Organization Details
Founding Year
2000
Phone
(973) 926-2710Principal Officer
Mollie Smith
Main Address
PO BOX 22944, NEWARK, NJ, 07101
NTEE Category
Code: B82 - Education
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