Overview
What is Tollie And Eva Archie Foundation?
Tollie and Eva Archie Foundation, based in Chicago, Illinois, is a nonprofit organization that focuses on offering educational support. Situated at 6 East Monroe Street STE 400, they primarily provide scholarships to college students who maintain an average grade of C+ or higher. By doing so, this foundation aims to empower and finance the higher education of eligible students, contributing to their personal growth and future prospects.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Tollie And Eva Archie Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The foundation's score reflects a strong emphasis on governance, with a fully independent board and no issues regarding asset diversion. The organization demonstrates a commitment to best practices, evidenced by its listed conflict of interest and whistleblower policies.
Strengths of the foundation include its perfect program expense ratio, signifying that all funds are directed toward its programs. Additionally, the board's independence and the presence of meeting minutes underscore robust governance practices. These factors contribute positively to the foundation's overall rating and reflect a commitment to transparency and accountability.
However, the foundation has a lower score in the liabilities to assets ratio, which may indicate a concern regarding financial stability. This aspect could be an area for improvement to ensure long-term sustainability. Overall, while the Tollie And Eva Archie Foundation shows strong fiscal responsibility, attention to its financial liabilities could enhance its standing further.
This AI summary has been generated from information found on Charity Navigator.
Is Tollie And Eva Archie Foundation legitimate?
Tollie And Eva Archie Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tollie And Eva Archie Foundation 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 Tollie And Eva Archie Foundation?
The Tollie And Eva Archie Foundation's mission is centered around offering financial aid to college students who maintain a minimum grade point average of C+. The organization's primary objective is to provide this scholarship support, thereby enabling these students to pursue their higher education more effectively. By offering this assistance, the foundation aims to contribute to the academic success and future prospects of these students. The foundation has previously provided scholarships to eligible college students, demonstrating its commitment to this mission.
Who is the CEO of Tollie And Eva Archie Foundation?
Kwasi Butler is the President of Tollie And Eva Archie Foundation.
What is the revenue of Tollie And Eva Archie Foundation?
Tollie And Eva Archie Foundation's revenue in 2022 was $54,785.
Who are the executives of Tollie And Eva Archie Foundation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Tollie And Eva Archie Foundation?
Tollie And Eva Archie Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tollie And Eva Archie Foundation
The Tollie and Eva Archie Foundation is committed to supporting the educational aspirations of college students. With a focus on academic achievement, the organization provides scholarships to students who maintain a C+ average or higher. This mission aims to empower these students, enabling them to continue their higher education journey and pursue their academic and professional goals. By offering scholarships, the Tollie and Eva Archie Foundation plays a significant role in alleviating financial burdens and fostering a conducive learning environment for these students.
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Impact
August, 2024
The Tollie And Eva Archie Foundation's impact is evident in its provision of scholarships to college students in Chicago who have achieved a C+ and above average. By offering financial support to deserving students, the foundation is helping to alleviate the burden of educational expenses and empowering individuals to pursue their academic goals. The foundation's support plays a crucial role in ensuring that motivated students have access to higher education opportunities, ultimately contributing to the growth and success of the community.
This information is meant to be a general summary of Tollie And Eva Archie Foundation. 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: $610
- Gross Receipts: $54,785
Assets and Liabilities:
- Total Assets: $366,014
- Total Liabilities: $179,464
- Net Assets: $186,550
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Organization Details
Founding Year
2008
Principal Officer
Kwasi Butler
Main Address
6 East Monroe Street STE 400, Chicago, IL, 60603
NTEE Category
Code: T30 - Philanthropy
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