Overview
What is Momineen Welfare Foundation?
Momineen Welfare Foundation is a nonprofit organization situated in Morton Grove, Illinois. Its primary purpose is to provide scholarship or financial aid assistance to individuals who are part of the Momineen Foundation. This organization is dedicated to serving and supporting its members, ensuring they have the necessary resources to meet their needs. Although specific details about the types of scholarships or financial aid provided are not available, it is clear that Momineen Welfare Foundation is committed to helping its members in some capacity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
The Momineen Welfare Foundation has received a One-Star rating from Charity Navigator, indicating a low level of accountability and financial health. The overall score of 54% reflects concerns primarily related to its financial metrics, particularly a low program expense ratio of 20.83%, which suggests that a significant portion of its funds may not be directed towards its programs.
Despite the low overall score, the organization demonstrates strengths in governance and transparency. It has achieved full points in various governance categories, including having an entirely independent board and a solid conflict of interest policy. This indicates a commitment to maintaining ethical practices and independence in its operations.
However, the charity's financial management raises red flags, particularly with a reported liabilities to assets ratio of 0.00%. This may suggest potential issues with financial sustainability or an ineffective allocation of resources, which could affect the foundation's long-term viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Momineen Welfare Foundation legitimate?
Momineen Welfare Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Momineen Welfare 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
For more financial information, click here
What is the mission statement of Momineen Welfare Foundation?
The Momineen Welfare Foundation, being a scholarship or financial aid organization, has a mission to serve its members. Their primary objective is to provide assistance and support to the individuals associated with the Momineen Foundation. This support could potentially include financial aid or educational scholarships, although the specifics are not provided in the given information. The foundation's mission is to enhance the welfare and well-being of its members, ensuring they have the necessary resources to thrive.
Who is the CEO of Momineen Welfare Foundation?
Shafique Mohamedi is the President of Momineen Welfare Foundation.
What is the revenue of Momineen Welfare Foundation?
Momineen Welfare Foundation's revenue in 2022 was $155,576.
Who are the executives of Momineen Welfare Foundation and what are their salaries?
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 Momineen Welfare Foundation?
Momineen Welfare Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Momineen Welfare Foundation
Momineen Welfare Foundation, a scholarship or financial aid organization, is dedicated to serving its members. The organization's mission is centered around this purpose, aiming to support its members in various capacities. By providing financial aid and scholarships, Momineen Welfare Foundation seeks to uplift and assist its members, ensuring they have the resources they need to thrive. This mission reflects the organization's commitment to its community and its members' well-being.
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Impact
October, 2024
Momineen Welfare Foundation profoundly impacts the community by providing essential financial aid and scholarships to members of the Momineen Foundation in Morton Grove, IL. Its mission focuses on empowering individuals through educational support, opening doors for students to pursue their academic goals without the burden of financial constraints. By alleviating educational expenses, the foundation fosters a culture of learning and personal growth, enabling beneficiaries to achieve their potential and contribute positively to society. The organization's efforts not only enhance access to education but also promote long-term success for its members, creating a cycle of opportunity and advancement within the community.
This information is meant to be a general summary of Momineen Welfare 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.
- Gross Receipts: $155,576
Assets and Liabilities:
- Total Assets: $1,124,123
- Total Liabilities: $0
- Net Assets: $1,124,123
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Organization Details
Founding Year
2009
Principal Officer
Shafique Mohamedi
Main Address
9109 Menard Ave, Morton Grove, IL, 60053
NTEE Category
Code: B82 - Education
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