Overview
What is Blackriver Financial Youth Aca?
Blackriver Financial Youth Aca is a nonprofit organization situated in Philadelphia, Pennsylvania, specifically at 6100 W Jefferson Street. Their primary mission is to empower youth aged between 5 and 18 through financial literacy programs. The organization, known as the Blackriver Youth Academy, conducts regular Saturday classes and hosts events such as back-to-school giveaways, providing essential school supplies. Their mission is to foster financial knowledge and skills among the younger generation, thus contributing positively to their future financial well-being. The organization serves the Philadelphia area and its surroundings.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 42%
Blackriver Financial Youth Academy has received a Zero-Star out of Four Star rating on Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The organization has a low score due to a complete lack of independent board members, which is critical for governance and oversight. Additionally, essential policies such as Whistleblower and Document Retention are missing, raising questions about transparency and operational integrity.
Despite these shortcomings, the nonprofit does report a strong program expense ratio of 89.94%, suggesting that a substantial portion of its resources is directed toward its youth-focused programs. However, the absence of important governance features like board meeting minutes and the posting of tax forms online detracts from trust and accountability.
Overall, while Blackriver Financial Youth Academy appears committed to its mission through program spending, its governance practices and lack of adherence to best practices present serious limitations that potential donors and supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Blackriver Financial Youth Aca legitimate?
Blackriver Financial Youth Aca is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blackriver Financial Youth Aca 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 Blackriver Financial Youth Aca?
Blackriver Financial Youth Aca, as a non-profit organization, is dedicated to providing financial literacy programs for youth between the ages of 5 and 18. Its mission is to educate and empower these young individuals, fostering a solid understanding of financial matters. Regularly, they conduct Saturday classes and organize back-to-school giveaways, distributing essential school supplies. Through these initiatives, Blackriver Financial Youth Aca aims to equip the next generation with the necessary financial skills, preparing them for their future financial journeys.
Who is the CEO of Blackriver Financial Youth Aca?
Kenneth R Booth is the Director of Blackriver Financial Youth Aca.
What is the revenue of Blackriver Financial Youth Aca?
Blackriver Financial Youth Aca's revenue in 2022 was $9,780.
Who are the executives of Blackriver Financial Youth Aca and what are their salaries?
Here are 3 key members and their salaries:
- 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 Blackriver Financial Youth Aca?
Blackriver Financial Youth Aca's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Blackriver Financial Youth Aca
Blackriver Financial Youth Academy is a non-profit organization dedicated to providing financial literacy programs for youth between the ages of 5 and 18. Their mission is to equip these young individuals with the essential skills needed to manage their finances effectively, preparing them for a financially secure future. Through regular Saturday classes and back-to-school giveaways, the academy distributes school supplies and offers comprehensive financial education. By doing so, Blackriver Financial Youth Academy aims to empower the next generation with the knowledge and tools necessary to make informed financial decisions, thereby fostering financial stability and independence.
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Impact
August, 2024
Blackriver Financial Youth Academy's impact is significant in providing financial literacy programs for youth aged 5-18 in Philadelphia and surrounding areas. By offering regular Saturday classes and back-to-school giveaways with school supplies, the academy plays a crucial role in equipping young individuals with essential financial knowledge and skills. Through its mission to empower youth through financial education, Blackriver Financial Youth Academy is actively contributing to the development and growth of the next generation, fostering a sense of financial responsibility and independence.
This information is meant to be a general summary of Blackriver Financial Youth Aca. 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: $9,780
Assets and Liabilities:
- Total Assets: $37
- Total Liabilities: $10,000
- Net Assets: -$9,963
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Organization Details
Principal Officer
Kenneth R Booth
Main Address
6100 W JEFFERSON STREET, PHILADELPHIA, PA, 19151
NTEE Category
Code: O50 - Youth development
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