Overview
What is Arkadelphia Promise Foundation Inc?
Arkadelphia Promise Foundation Inc is a nonprofit organization based in Arkadelphia, Arkansas, specifically at 401 High School Drive. Their primary focus is to enhance the college-going rate for local students, decrease the number of students dropping out due to financial constraints, and ultimately establish a more educated workforce in the area. This mission is achieved through the Arkadelphia Promise Scholarship, a transformative initiative that makes a college education attainable for every child in Arkadelphia. A college degree serves as a gateway to future prosperity for individuals and an educated workforce contributes to making Arkadelphia an enticing community for businesses to locate in. The organization currently employs one individual.
Official website here: www.arkadelphiapromise.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Arkadelphia Promise Foundation Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is derived entirely from its Accountability & Finance metrics, which reflects its commitment to managing funds responsibly and transparently. A notable aspect of their governance is the presence of a fully independent board, which enhances trust in their operational integrity.
The foundation demonstrates strong financial practices, with a program expense ratio of 82.63%, suggesting that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, the organization has received full marks in key areas such as the absence of material diversion of assets and the presence of a conflict of interest policy. This commitment to transparency is further evidenced by their proactive documentation and posting of board meeting minutes and tax forms on their website.
While the organization's financial indicators are commendable, ongoing monitoring of its performance and effectiveness will be essential for maintaining its positive reputation and ensuring continued impact. Overall, Arkadelphia Promise Foundation Inc appears to be a reliable nonprofit dedicated to its mission, with strong governance practices in place.
This AI summary has been generated from information found on Charity Navigator.
Is Arkadelphia Promise Foundation Inc legitimate?
Arkadelphia Promise Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arkadelphia Promise 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,548
For more financial information, click here
Official website here: www.arkadelphiapromise.com
What is the mission statement of Arkadelphia Promise Foundation Inc?
The Arkadelphia Promise Foundation's mission is centered around enhancing the educational opportunities for local students. Their primary goal is to boost the college attendance rate and decrease the number of students leaving college due to financial constraints. By providing scholarships, they aim to make higher education a realistic prospect for every child in the area. This initiative is instrumental in fostering a more educated workforce, which in turn, makes the community more appealing for businesses to establish themselves. The ultimate aim is to elevate the prospects of individuals through education, thereby contributing to their future prosperity, and creating a more dynamic and attractive community overall.
Official website here: www.arkadelphiapromise.com
Who is the CEO of Arkadelphia Promise Foundation Inc?
Jason Jones is the Director of Arkadelphia Promise Foundation Inc.
Official website here: www.arkadelphiapromise.com
What is the revenue of Arkadelphia Promise Foundation Inc?
Arkadelphia Promise Foundation Inc's revenue in 2022 was $578,679.
Official website here: www.arkadelphiapromise.com
Who are the executives of Arkadelphia Promise Foundation Inc and what are their salaries?
The average compensation at Arkadelphia Promise Foundation Inc during 2022 was $69,548. There is 1 employee at Arkadelphia Promise Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.arkadelphiapromise.com
Where can I find the form 990 for Arkadelphia Promise Foundation Inc?
Arkadelphia Promise Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arkadelphiapromise.com
Learn more at the official website: www.arkadelphiapromise.com
Mission Statement of Arkadelphia Promise Foundation Inc
Arkadelphia Promise Foundation Inc is committed to enhancing the prospects of local students by increasing the college-going rate and reducing the number of students dropping out due to financial constraints. This organization's mission is a transformative initiative, aiming to make a college education not just an aspiration, but a tangible reality for every child in Arkadelphia. The Arkadelphia Promise Foundation Inc believes that a college degree serves as a passport to future prosperity for individuals, and a more educated workforce contributes to making Arkadelphia an appealing community for businesses to establish themselves.
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Impact
July, 2024
The Arkadelphia Promise Foundation Inc's impact is significant as it works towards increasing the college-going rate for local students, reducing the number of students dropping out of college due to financial reasons, and providing for a more educated workforce. By offering the Arkadelphia Promise Scholarship, the foundation is making a college education a reality for every child in Arkadelphia. This initiative not only benefits individuals by providing them with a passport to future prosperity but also enhances the attractiveness of the community for businesses looking to locate in the area. Overall, the foundation's focus on education is helping to transform lives and contribute to the economic growth and development of Arkadelphia.
This information is meant to be a general summary of Arkadelphia Promise 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.
- Investment Income: -$108,977
- Gross Receipts: $578,679
Assets and Liabilities:
- Total Assets: $2,715,705
- Total Liabilities: $1,781
- Net Assets: $2,713,924
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Organization Details
Founding Year
2010
Phone
(870) 210-1271Principal Officer
Jason Jones
Main Address
401 HIGH SCHOOL DRIVE, ARKADELPHIA, AR, 71923
Website
www.arkadelphiapromise.comNTEE Category
Code: B82 - Education
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