Overview
What is The Ole Education Fund?
The Ole Education Fund, located in Albuquerque, New Mexico, is a dedicated nonprofit organization. Their primary objective is to empower low-income individuals and communities in New Mexico by promoting relevant policies and programs. This is achieved through providing educational training programs to community organizers. By investing in the education and development of these community leaders, The Ole Education Fund aims to foster positive change and improve living conditions within low-income communities. The organization offers resources and programs to support these individuals and communities in their efforts to uplift themselves.
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
The Ole Education Fund has demonstrated strong performance in financial accountability and transparency, reflected in its impressive 92% score. This rating is based entirely on its Accountability & Finance metrics, indicating a commitment to ethical practices and robust financial management. The organization boasts an independent board with a full complement of members, ensuring unbiased governance, and has a solid track record of no material diversion of assets.
The charity excels in its financial ratios, with an outstanding program expense ratio of 88.35%, meaning the majority of funds are directed towards its educational initiatives. Additionally, it maintains a remarkable fundraising efficiency, indicating that it incurs no cost to raise funds. Its working capital ratio of three years suggests a strong financial position, providing assurance for sustainability and ongoing operations.
While the overall rating is exceptionally high, potential limitations are not highlighted in the available data. However, as with any organization, prospective donors may wish to consider the impact and effectiveness of its programs beyond financial metrics. Nonetheless, The Ole Education Fund stands out as a financially responsible nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Ole Education Fund legitimate?
The Ole Education Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ole Education Fund 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 Ole Education Fund?
The Ole Education Fund's mission is centered around providing educational training programs for community organizers. Beyond this, the fund aims to promote policies and initiatives that empower low-income communities in New Mexico. Additionally, they offer resources and programs to support the needs of low-income individuals and communities. In essence, the Ole Education Fund is committed to uplifting underserved communities through education, advocacy, and resource provision.
Who is the CEO of The Ole Education Fund?
Alisa Cooper De Uribe is the President/Treas of The Ole Education Fund.
What is the revenue of The Ole Education Fund?
The Ole Education Fund's revenue in 2022 was $3,742,368.
Who are the executives of The Ole Education Fund and what are their salaries?
There 515 volunteers at The Ole Education Fund.
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Ole Education Fund?
The Ole Education Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Ole Education Fund
The Ole Education Fund is committed to providing educational training programs for community organizers. This mission is part of a larger goal to promote policies and programs that empower low-income New Mexicans. Furthermore, the organization offers resources and programs to low-income individuals and communities. In essence, The Ole Education Fund seeks to equip community leaders with the necessary skills and knowledge to advocate for and improve the lives of those in need.
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Impact
October, 2024
The Ole Education Fund significantly impacts the community by providing essential educational training programs tailored for community organizers. By empowering these individuals, the organization fosters a stronger, more informed base of leadership that advocates for policies and initiatives benefiting low-income New Mexicans.
Through its dedicated efforts, The Ole Education Fund promotes progressive policies and implements programs that address the unique challenges faced by low-income individuals and communities in Albuquerque. The resources and programs offered not only enhance the skills of community organizers but also create pathways for sustainable change, fostering a culture of civil rights and social justice within the region. Overall, the organization plays a vital role in strengthening community ties and supporting the aspirations of marginalized populations.
This information is meant to be a general summary of The Ole Education Fund. 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: $2,867
- Program Service Revenue: $2,000
- Gross Receipts: $3,742,368
Assets and Liabilities:
- Total Assets: $5,182,076
- Total Liabilities: $8,444
- Net Assets: $5,173,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH SERVICES
Revenue
$2,000
Organization Details
Founding Year
2009
Phone
(505) 379-6947Principal Officer
Alisa Cooper De Uribe
Main Address
411 BELLAMAH NW, ALBUQUERQUE, NM, 871021315
NTEE Category
Code: R20 - Civil rights
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