Overview
What is Nu Beta Foundation Inc?
The Nu Beta Foundation Inc, located undisclosed, is a dedicated nonprofit organization focused on fostering scholarship and education. They achieve this goal through various initiatives, such as community service, chapter development, and housing assistance for ten chapters. Furthermore, they conduct recruitment workshops to encourage participation. The organization's mission extends beyond academic pursuits, also involving chapter growth and development. In addition to these programs, they offer housing stipends to aid individuals in need, ensuring access to quality education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The Nu Beta Foundation Inc has a fair accountability and finance score, reflecting both strengths and weaknesses in its operations. Notably, the foundation boasts a fully independent board, with all ten members demonstrating commitment to governance. Additionally, the organization has shown excellent program expense efficiency, allocating over 96% of its resources directly to its programs.
However, the foundation's rating is impacted by significant shortcomings in transparency and governance policies. The absence of key documents such as a conflict of interest policy, whistleblower policy, and information regarding document retention raises concerns about its operational integrity. Furthermore, the foundation's website lacks essential disclosures, including tax forms, which are vital for public accountability.
In summary, while Nu Beta Foundation Inc excels in certain aspects like program expenditure and board independence, its overall rating highlights serious improvements needed in transparency and policy frameworks. Stakeholders may consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Nu Beta Foundation Inc legitimate?
Nu Beta Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nu Beta Foundation 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
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What is the mission statement of Nu Beta Foundation Inc?
The Nu Beta Foundation's mission revolves around advocating for scholarship and education. They accomplish this through various programs, such as community service, chapter development for ten chapters, providing housing stipends, and conducting recruitment workshops. The foundation's primary goal is to promote academic growth and development.
Who is the CEO of Nu Beta Foundation Inc?
Robert Tannhauser is the President of Nu Beta Foundation Inc.
What is the revenue of Nu Beta Foundation Inc?
Nu Beta Foundation Inc's revenue in 2022 was $37,546.
Who are the executives of Nu Beta Foundation Inc and what are their salaries?
There 4 volunteers at Nu Beta Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nu Beta Foundation Inc?
Nu Beta Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nu Beta Foundation Inc
Nu Beta Foundation Inc is committed to promoting scholarship and education in various capacities. Their mission is executed through a variety of programs, including chapter development for ten different chapters, community service initiatives, and recruitment workshops. Furthermore, the foundation provides housing stipends to support individuals pursuing their education. By implementing these initiatives, Nu Beta Foundation Inc aims to foster a conducive environment for scholastic growth and development.
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Impact
August, 2024
Nu Beta Foundation Inc's impact lies in the promotion of scholarship and education through various programs. This foundation actively supports community service activities and chapter development for 10 chapters. Additionally, it provides housing stipends and conducts recruitment workshops to further its mission of fostering educational opportunities. By emphasizing these initiatives, Nu Beta Foundation Inc significantly contributes to enhancing educational access and advancement for individuals within its community.
This information is meant to be a general summary of Nu Beta Foundation 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: $37,016
- Gross Receipts: $37,546
Assets and Liabilities:
- Total Assets: $1,548,806
- Total Liabilities: $0
- Net Assets: $1,548,806
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Organization Details
Founding Year
1946
Phone
(908) 218-1099Principal Officer
Robert Tannhauser
Main Address
C/O R TANNHAUSER 265 HOLLAND CT, BRIDGEWATER, NJ, 08807
NTEE Category
Code: B82 - Education
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