Overview
What is The Alex Fund Inc?
The Alex Fund Inc, established in Tarrytown, New York, is a nonprofit organization with a strong mission to disrupt the cycle of poverty. They accomplish this by focusing on early education. With a small team of two dedicated individuals, they devote their efforts to developing and supporting programs that aim to provide a better future for those affected by poverty. Their work is centered around breaking the cycle of poverty, creating opportunities for growth and success through educational initiatives.
Official website here: www.alexfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% - Three-Star out of Four Star rating.
The Alex Fund Inc has received a Three-Star rating from Charity Navigator, indicating a fair performance in accountability and finance. The organization has demonstrated strengths, particularly in having a fully independent board and maintaining a low liabilities to assets ratio. Notably, the charity's program expense ratio is high at nearly 79%, suggesting that a significant portion of its budget is allocated towards its programs rather than administrative costs.
However, there are some limitations that the organization needs to address. The absence of essential policies, such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, has negatively impacted its accountability score. These gaps may raise concerns about governance practices and transparency within the organization, which could be critical for potential donors.
Overall, while The Alex Fund Inc shows a commitment to its programs and has strong financial indicators, improving governance policies could enhance its accountability and potentially lead to a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Alex Fund Inc legitimate?
The Alex Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Alex Fund 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
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Other Salaries and Wages: $31,000
For more financial information, click here
Official website here: www.alexfund.org
What is the mission statement of The Alex Fund Inc?
The mission of The Alex Fund Inc. is centered around breaking the cycle of poverty. They achieve this goal primarily through early education. The organization is dedicated to developing and supporting programs that aim to alleviate poverty by focusing on education. Their activities are geared towards making a significant impact in this area, contributing to a more equitable and prosperous society.
Official website here: www.alexfund.org
Who is the CEO of The Alex Fund Inc?
Wendy Kahn is the Vice-President of The Alex Fund Inc.
Official website here: www.alexfund.org
What is the revenue of The Alex Fund Inc?
The Alex Fund Inc's revenue in 2022 was $137,676.
Official website here: www.alexfund.org
Who are the executives of The Alex Fund Inc and what are their salaries?
The average compensation at The Alex Fund Inc during 2022 was $15,500. There are 2 employees at The Alex Fund Inc.
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Official website here: www.alexfund.org
Where can I find the form 990 for The Alex Fund Inc?
The Alex Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alexfund.org
Learn more at the official website: www.alexfund.org
Mission Statement of The Alex Fund Inc
The Alex Fund Inc, an organization dedicated to breaking the cycle of poverty, accomplishes this mission through early education. Their primary objective is to develop and support programs that focus on alleviating poverty through education. By providing educational opportunities from an early age, The Alex Fund Inc aims to create a lasting impact, breaking the cycle of poverty for future generations. The organization's vision is to empower individuals and communities, ultimately leading to a more equitable and prosperous society.
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Impact
October, 2024
The Alex Fund Inc plays a vital role in breaking the cycle of poverty by focusing on early education. By developing and supporting programs aimed at alleviating poverty through educational initiatives, the organization directly impacts the lives of children and families in Tarrytown, NY, and beyond. Through its mission, The Alex Fund Inc empowers individuals with the knowledge and skills needed to improve their circumstances, fostering a pathway towards greater opportunities and community development. The emphasis on early education ensures that children are equipped with the foundational skills necessary for lifelong learning, ultimately contributing to social and economic upliftment.
This information is meant to be a general summary of The Alex Fund 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: $321
- Gross Receipts: $137,676
Assets and Liabilities:
- Total Assets: $195,832
- Total Liabilities: $1,744
- Net Assets: $194,088
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Organization Details
Founding Year
2001
Phone
(914) 909-2426Principal Officer
Wendy Kahn
Main Address
63 BENEDICT AVE, TARRYTOWN, NY, 10591
Website
www.alexfund.orgNTEE Category
Code: T30 - Philanthropy
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