Overview
What is Hazel Park Promise Zone Authority?
The Hazel Park Promise Zone Authority is a nonprofit organization situated in Hazel Park, Michigan. With a modest workforce of two individuals, their primary mission is to offer financial aid and academic-achievement support to students in the Hazel Park School District. They empower these students to pursue higher education at accredited colleges, universities, or skilled trade programs. The organization's core activities encompass providing essential resources that help students in their educational journeys, aiming to foster their growth and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Hazel Park Promise Zone Authority has earned an 86% score, indicating a solid performance in the realm of charity accountability and finance. This score is derived solely from the Accountability & Finance beacon, which reflects the organization's commitment to transparent financial practices and governance. The majority of the board members are independent, demonstrating a robust structure that aims to minimize conflicts of interest.
The organization excels in various financial metrics, including a high program expense ratio of 88.75%, which suggests that a significant portion of its resources is directed toward its programs rather than administrative costs. Additionally, the absence of any material diversion of assets and the presence of an effective audit and oversight committee further contribute to its strong financial health.
While the rating is positive, it is important to note that the overall score does not encompass other beacons such as Impact & Results or Leadership & Adaptability, which could provide a more comprehensive view of the organization's effectiveness in fulfilling its mission. Nonetheless, the Hazel Park Promise Zone Authority demonstrates a commendable level of accountability and financial responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Hazel Park Promise Zone Authority legitimate?
Hazel Park Promise Zone Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hazel Park Promise Zone Authority 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: $74,105
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,458
For more financial information, click here
What is the mission statement of Hazel Park Promise Zone Authority?
The Hazel Park Promise Zone Authority, in its mission, aims to offer financial aid and academic-achievement assistance to students of the Hazel Park School District. This support is intended to help these students further their education at accredited colleges, universities, or trade programs. The organization's primary goal is to facilitate access to higher education, thereby empowering these students to expand their educational horizons and potentially improve their career prospects. By providing this assistance, the Authority aims to contribute to the overall development and success of its students.
Who is the CEO of Hazel Park Promise Zone Authority?
Brandon Gleaton is the Executive Director of Hazel Park Promise Zone Authority.
What is the revenue of Hazel Park Promise Zone Authority?
Hazel Park Promise Zone Authority's revenue in 2022 was $630,565.
Who are the executives of Hazel Park Promise Zone Authority and what are their salaries?
The average compensation at Hazel Park Promise Zone Authority during 2022 was $65,282. There are 2 employees at Hazel Park Promise Zone Authority.
Here are 13 key members and their salaries:
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- Compensation: $56,458
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Where can I find the form 990 for Hazel Park Promise Zone Authority?
Hazel Park Promise Zone Authority's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hazel Park Promise Zone Authority
The Hazel Park Promise Zone Authority is a nonprofit organization committed to aiding students in the Hazel Park School District. Its mission is to offer financial assistance and various academic achievement support to encourage these students to pursue higher education at reputable colleges, universities, or technical programs. By providing this assistance, the organization aims to empower these students to further their education and ultimately secure a brighter future.
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Impact
July, 2024
The impact of the Hazel Park Promise Zone Authority is significant in helping students of the Hazel Park School District pursue higher education. Through providing financial assistance and academic-achievement support, the authority plays a crucial role in enabling students to attend accredited colleges, universities, or trade programs. By facilitating access to higher education, the Hazel Park Promise Zone Authority contributes to the educational advancement and future success of students in the Hazel Park community.
This information is meant to be a general summary of Hazel Park Promise Zone Authority. 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: $234
- Gross Receipts: $642,446
Assets and Liabilities:
- Total Assets: $1,138,796
- Total Liabilities: $12,343
- Net Assets: $1,126,453
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Organization Details
Founding Year
2011
Phone
(248) 658-5107Principal Officer
Brandon Gleaton
Main Address
1620 E ELZA, HAZEL PARK, MI, 48030
NTEE Category
Code: B82 - Education
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