Overview
What is The Map Foundation Inc?
The Map Foundation Inc, situated in Lexington, Kentucky, is a nonprofit organization committed to supporting the well-being of young people. Their mission is to provide ongoing mentoring opportunities and foster the development of well-rounded individuals who can positively contribute to their communities. In line with this goal, they extend their support to programs benefiting youth, including Kentucky Children's Hospital and various charities. By doing so, The Map Foundation Inc seeks to make a lasting impact on their local communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Overall score: 72%, earning it a Two-Star out of Four Star rating.
The Map Foundation Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization shows promise in certain areas, it still needs improvement overall. The foundation scores particularly high in Culture & Community, with a strong 95% rating, reflecting its effective engagement and support within its community. Its financial accountability is also notable, with a strong program expense ratio of 100%, demonstrating that all funds are directed toward its programs.
However, the foundation's overall accountability and finance score is lower at 67%, suggesting there are areas for growth and potential concerns in financial management or transparency. While it has a fully independent board and shows no material diversion of assets, there are opportunities to enhance its equity strategies and policies, as indicated by slightly lower scores in these areas. Addressing these limitations could help improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Map Foundation Inc legitimate?
The Map Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Map 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
For more financial information, click here
What is the mission statement of The Map Foundation Inc?
The Map Foundation Inc's mission is centered around supporting programs that benefit young people. They achieve this by providing ongoing mentoring opportunities and facilitating the development of well-rounded individuals. These individuals, in turn, are expected to contribute positively to their communities. The foundation's activities are geared towards nurturing individuals who can make a significant impact. Additionally, The Map Foundation Inc extends its support to various charities, including Kentucky Children's Hospital.
Who is the CEO of The Map Foundation Inc?
Karen Boens is the Chairman of The Map Foundation Inc.
What is the revenue of The Map Foundation Inc?
The Map Foundation Inc's revenue in 2022 was $1,084,920.
Who are the executives of The Map Foundation Inc and what are their salaries?
There 25 volunteers at The Map Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Map Foundation Inc?
The Map Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Map Foundation Inc
The Map Foundation Inc, a nonprofit organization, is committed to providing support to programs that benefit young people. Their mission is twofold: firstly, they supply ongoing opportunities for mentoring, and secondly, they aid in the development of well-rounded individuals. These individuals, once nurtured, are expected to contribute positively to their communities. By providing this support, The Map Foundation Inc seeks to empower young people, enabling them to reach their full potential and make a positive impact on society.
In essence, The Map Foundation Inc is dedicated to nurturing the next generation. By offering mentoring opportunities, they provide guidance and support to young people, helping them navigate the challenges they face. Simultaneously, they focus on the holistic development of these individuals, ensuring they become well-rounded, responsible, and contributing members of society. Through their mission, The Map Foundation Inc aims to foster a future where young people are equipped to make a positive difference in their communities.
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Impact
October, 2024
The Map Foundation Inc significantly impacts young people by fostering mentorship opportunities and developing well-rounded individuals dedicated to community benefit. By supporting programs that provide ongoing guidance and resources, the foundation empowers youth, enabling them to thrive and positively contribute to society. Additionally, their continued support of the Kentucky Children's Hospital and various charities enhances access to essential services and resources for children in need. Through these initiatives, The Map Foundation Inc plays a vital role in nurturing the next generation of leaders and ensuring the well-being of young individuals in Lexington, KY, and beyond.
This information is meant to be a general summary of The Map 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: $61
- Gross Receipts: $1,277,603
Assets and Liabilities:
- Total Assets: $4,783,832
- Total Liabilities: $2,012,140
- Net Assets: $2,771,692
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Organization Details
Founding Year
2007
Phone
(859) 335-8361Principal Officer
Karen Boens
Main Address
1999 RICHMOND ROAD 300, LEXINGTON, KY, 40502
NTEE Category
Code: T31 - Philanthropy
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