Overview
What is Benton Harbor Promise Foundation?
Benton Harbor Promise Foundation is a nonprofit organization located at 175 West Main Street, Benton Harbor, MI 49022. Their primary mission is to provide philanthropic support to students residing within the Benton Harbor area. The foundation aims to help students gain access to higher education and college preparatory programming. To achieve this, they offer financial assistance for college tuition and other related expenses for students within the Benton Harbor Promise Zone. The foundation's activities and mission are detailed in their schedule, which is not provided in the information.
Official website here: www.bentonharborpromise.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%
The Benton Harbor Promise Foundation has received a Zero-Star out of Four Star rating from Charity Navigator, primarily due to its poor performance in the Accountability & Finance category, which accounts for 100% of its overall score. While the organization has a fully independent board and has shown no material diversion of assets, it suffers from significant deficiencies in other critical areas, leading to a low overall score of 43%.
Strengths of the foundation include having 10 out of 10 points for its majority independent board members and independent board size, as well as having proper conflict of interest policies in place. However, the foundation has notable shortcomings, such as missing whistleblower and document retention policies, which have contributed to its low ranking in accountability.
Additionally, the Benton Harbor Promise Foundation has reported a 0.00% program expense ratio, indicating no funds have been allocated toward program services, which raises concerns about its operational effectiveness and impact. With liabilities to assets at a high ratio of 5.91%, these financial indicators suggest a need for improvement in how the organization manages its resources and executes its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Benton Harbor Promise Foundation legitimate?
Benton Harbor Promise Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benton Harbor Promise Foundation 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: $9,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.bentonharborpromise.com
What is the mission statement of Benton Harbor Promise Foundation?
The Benton Harbor Promise Foundation's mission is geared towards advancing the cause of providing financial aid for college tuition and addressing other related expenses for students within a specific area, often referred to as the Benton Harbor Promise Zone. The foundation extends philanthropic support to students residing in Benton Harbor, aiming to help them gain access to higher education and college preparatory programming. The ultimate goal is to make higher education more attainable for these students, thus broadening their educational opportunities.
Official website here: www.bentonharborpromise.com
Who is the CEO of Benton Harbor Promise Foundation?
Alloyd Blackmon is the Chair of Benton Harbor Promise Foundation.
Official website here: www.bentonharborpromise.com
What is the revenue of Benton Harbor Promise Foundation?
Benton Harbor Promise Foundation's revenue in 2023 was $1,046.
Official website here: www.bentonharborpromise.com
Who are the executives of Benton Harbor Promise Foundation and what are their salaries?
Here are 8 key members and their salaries:
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- Compensation: $9,000
- Related: $21,000
- Other: $0
Official website here: www.bentonharborpromise.com
Where can I find the form 990 for Benton Harbor Promise Foundation?
Benton Harbor Promise Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bentonharborpromise.com
Learn more at the official website: www.bentonharborpromise.com
Mission Statement of Benton Harbor Promise Foundation
The Benton Harbor Promise Foundation is an organization dedicated to advancing the cause of providing financial aid for college tuition and covering other college-related expenses for students within its designated zone. Their mission is to offer philanthropic support to students residing in Benton Harbor, helping them gain access to higher education and college preparatory programming. The foundation's primary goal is to ensure that students within its promise zone have the opportunity to pursue their academic aspirations, thereby contributing to their overall growth and development.
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Impact
October, 2024
The Benton Harbor Promise Foundation significantly impacts the community by providing essential financial support and resources to students residing in Benton Harbor. It facilitates access to higher education through college tuition funds and aids in covering various college-related expenses. By offering these educational resources, the foundation empowers local students to pursue their academic ambitions, ultimately contributing to their personal development and the economic growth of the community. The emphasis on college preparatory programming further enhances the preparedness of students as they transition from high school to higher education, fostering a culture of learning and advancement in Benton Harbor.
This information is meant to be a general summary of Benton Harbor Promise Foundation. 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 2023.
- Gross Receipts: $1,046
Assets and Liabilities:
- Total Assets: $152,039
- Total Liabilities: $9,000
- Net Assets: $143,039
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Organization Details
Founding Year
2011
Phone
(269) 277-5201Principal Officer
Alloyd Blackmon
Main Address
175 WEST MAIN STREET, BENTON HARBOR, MI, 49022
Website
www.bentonharborpromise.comNTEE Category
Code: B82 - Education
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