Overview
What is Aoa Educational Foundation Inc?
Aoa Educational Foundation Inc, based in Southfield, Michigan, is a nonprofit organization dedicated to fostering educational and leadership development. Their mission extends to supporting students from underprivileged and minority backgrounds, providing them with resources from elementary school through post-secondary education. The foundation also focuses on cultivating entrepreneurial spirit among these students by offering life skills and leadership training. Additionally, Aoa Educational Foundation Inc is involved in developing and supporting the establishment of minority-owned businesses, contributing to their community's economic growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, earning a Two-Star out of Four Star rating. The rating reflects a moderate level of accountability and financial health for Aoa Educational Foundation Inc. With a strong program expense ratio of 94.02%, the organization appears to effectively allocate its resources towards its mission-related activities.
Notable strengths include a fully independent board, which is a positive indicator of governance, as well as the absence of asset diversion. However, the organization has faced challenges, particularly in areas such as its liabilities to assets ratio, which stands at 186.20%, signaling potential financial concerns.
Additionally, the foundation lacks essential policies for whistleblower protections and document retention, which may raise questions about its operational transparency and risk management. Overall, while the nonprofit demonstrates strong program commitment, it has significant areas for improvement in governance practices and financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Aoa Educational Foundation Inc legitimate?
Aoa Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aoa Educational 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.
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What is the mission statement of Aoa Educational Foundation Inc?
The Aoa Educational Foundation Inc's mission is centered around providing educational facilities and leadership training for students in grades K through twelve, as well as post-secondary school students residing in minority and economically deprived areas. Their mission also extends to offering life skills and leadership training to cultivate an entrepreneurial spirit among these students, particularly in economically challenged areas. The foundation aims to develop educational and leadership training programs, as well as help establish small businesses for minority students, fostering an environment of enterprise.
Who is the CEO of Aoa Educational Foundation Inc?
Lecester L Allen is the President of Aoa Educational Foundation Inc.
What is the revenue of Aoa Educational Foundation Inc?
Aoa Educational Foundation Inc's revenue in 2022 was $3,824.
Who are the executives of Aoa Educational Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Aoa Educational Foundation Inc?
Aoa Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aoa Educational Foundation Inc
Aoa Educational Foundation Inc is committed to providing educational facilities and leadership training for students in grades K through twelve, as well as post-secondary school students, primarily in minority and economically deprived areas. Their mission is multifaceted, aiming not only to educate these students but also to cultivate their entrepreneurial spirit. The foundation seeks to accomplish this by offering life skills and leadership training programs, fostering an environment that encourages initiative and innovation among the students it serves. By doing so, Aoa Educational Foundation Inc strives to empower these students, preparing them for successful futures in their respective communities.
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Impact
August, 2024
Aoa Educational Foundation Inc provides essential educational facilities and leadership training to students in grades K through twelve, as well as post-secondary school students in minority and economically deprived areas. By focusing on the development of educational programs and leadership training initiatives, the foundation cultivates the entrepreneurial spirit of minority students in economically challenged areas. Through its mission to provide life skills and leadership training, Aoa Educational Foundation Inc is making a significant impact on youth development in these communities.
This information is meant to be a general summary of Aoa Educational 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.
- Gross Receipts: $3,824
Assets and Liabilities:
- Total Assets: $263,711
- Total Liabilities: $554,397
- Net Assets: -$290,686
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Organization Details
Founding Year
2010
Phone
(248) 746-1126Principal Officer
Lecester L Allen
Main Address
5000 TOWN CENTER 2901, SOUTHFIELD, MI, 48075
NTEE Category
Code: O99 - Youth development
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