Overview
What is The Young Women's Leadership Academy Foundation Inc?
The Young Women's Leadership Academy Foundation Inc, established in 2007, is a nonprofit organization situated in Chattanooga, Tennessee. Its primary mission is to enrich the educational opportunities for girls in Hamilton County by sponsoring the Chattanooga Girls Leadership Academy and Montessori Elementary at Highland Park. The foundation offers ongoing assistance and support to these institutions, fostering a rigorous college-preparatory education with a focus on math, science, and technology. This educational environment encourages self-confidence, inspires leadership, and promotes critical thinking and academic excellence, ultimately nurturing young women to reach their full potential. The foundation currently employs a team of two individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Young Women's Leadership Academy Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and financial health. The overall score is derived entirely from the Accountability & Finance beacon, where the organization excelled in key areas such as having a fully independent board and no material diversion of assets. Their fiscal responsibility is highlighted by a remarkable program expense ratio of 80.12%, indicating that a significant portion of their funds are directed towards their programs.
Strengths noted in the evaluation include the foundation’s strong governance practices, with all board members being independent, a clear conflict of interest policy, and well-documented board meeting minutes. Additionally, the organization boasts a favorable liabilities to assets ratio of 0.00%, which suggests a healthy financial position, and an impressive working capital ratio of 20.07 years, indicating that they have ample resources to cover future obligations.
However, the report also mentions the salary of the Director, Dr. Elaine Swafford, which is listed at $164,624. While this figure may raise some questions about compensation practices, it does not appear to detract significantly from the overall rating or the accountability practices in place. Overall, the foundation seems to prioritize transparency and effective financial management, contributing positively to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Young Women's Leadership Academy Foundation Inc legitimate?
The Young Women's Leadership Academy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Young Women's Leadership Academy 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: $170,695
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Young Women's Leadership Academy Foundation Inc?
The Young Women's Leadership Academy Foundation Inc's mission is centered around providing a robust college-preparatory education to girls and young women, with a focus on subjects like math, science, and technology. This is done in a supportive environment that fosters self-confidence, encourages leadership, and promotes critical thinking. The academy aims to inspire academic excellence and nurture these young individuals towards their future academic and personal growth. The foundation's activities are geared towards empowering these young women, enabling them to navigate their educational journey with confidence and success.
Who is the CEO of The Young Women's Leadership Academy Foundation Inc?
Dr Elaine Swafford is the Board Member of The Young Women's Leadership Academy Foundation Inc.
What is the revenue of The Young Women's Leadership Academy Foundation Inc?
The Young Women's Leadership Academy Foundation Inc's revenue in 2022 was $3,107,654.
Who are the executives of The Young Women's Leadership Academy Foundation Inc and what are their salaries?
The average compensation at The Young Women's Leadership Academy Foundation Inc during 2022 was $85,348. There are 2 employees at The Young Women's Leadership Academy 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: $157,591
- Related: $0
- Other: $0
Where can I find the form 990 for The Young Women's Leadership Academy Foundation Inc?
The Young Women's Leadership Academy Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Young Women's Leadership Academy Foundation Inc
The Young Women's Leadership Academy Foundation Inc is dedicated to providing a rigorous college preparatory education to girls and young women, with a focus on mathematics, science, and technology. Operating in a supportive environment, the foundation aims to nurture self-confidence, inspire leadership, encourage critical thinking, and promote academic excellence. By doing so, it empowers these young individuals to reach their full potential and succeed in their future endeavors. The foundation's mission is to provide a comprehensive educational experience that equips girls with the necessary skills and mindset to excel in higher education and beyond.
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Impact
October, 2024
The Young Women's Leadership Academy Foundation Inc significantly enhances educational opportunities for girls and young women, particularly in Hamilton County, Tennessee. Established in 2007, the foundation is dedicated to delivering a rigorous college preparatory education with a strong emphasis on math, science, and technology.
By fostering a supportive environment, the academy nurtures self-confidence and inspires leadership among its students. It encourages critical thinking and promotes academic excellence, equipping young women with the skills necessary to succeed in an increasingly competitive world.
The foundation sponsors vital programs such as the Chattanooga Girls Leadership Academy and Montessori Elementary at Highland Park, providing ongoing assistance and support to ensure that girls have access to high-quality educational resources. Through these initiatives, it plays a crucial role in empowering the next generation of female leaders, paving the way for a more equitable future in education and beyond.
This information is meant to be a general summary of The Young Women's Leadership Academy 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: $35
- Gross Receipts: $3,107,654
Assets and Liabilities:
- Total Assets: $23,423,018
- Total Liabilities: $2,400,685
- Net Assets: $21,022,333
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Organization Details
Founding Year
2007
Phone
(423) 698-4472Principal Officer
Dr Elaine Swafford
Main Address
1802 BAILEY AVENUE, CHATTNOOGA, TN, 37404
NTEE Category
Code: B11 - Education
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