Overview
What is Prt Reach Foundation Inc?
Prt Reach Foundation Inc is a nonprofit organization situated in Maryland, with a primary focus on addressing economic and community development issues, particularly within the Baltimore Washington Corridor. Their initiatives encompass hosting various events, aimed at addressing the aforementioned needs in this specific region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Prt Reach Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting an impressive score of 94% based solely on the Accountability & Finance beacon. This high score indicates that the organization maintains strong financial health and accountability practices, which are crucial for instilling donor confidence and supporting its mission effectively.
The foundation demonstrates exceptional governance, with a fully independent board comprised of 10 members and no material diversion of assets. It also adheres to strong policies regarding conflict of interest, whistleblowing, and document retention, all of which contribute to its transparent operations. Additionally, the organization's liabilities to assets ratio stands at an impressive 0.00%, showcasing solid financial management.
While the rating highlights the foundation's strengths in accountability and finance, it is essential for potential donors and stakeholders to consider other aspects of the organization, such as program effectiveness and impact. Nevertheless, the solid financial practices and governance structure suggest that Prt Reach Foundation Inc is committed to using its resources wisely and effectively serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Prt Reach Foundation Inc legitimate?
Prt Reach Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prt Reach 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: $0
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What is the mission statement of Prt Reach Foundation Inc?
The PRT Reach Foundation's mission is centered around addressing economic and community development needs, with a specific focus on Maryland and the Baltimore Washington Corridor. Their objective is to contribute to the betterment of these areas by implementing programs and hosting events. The foundation aims to foster growth and improvement in these communities, working towards a more prosperous and united region.
Who is the CEO of Prt Reach Foundation Inc?
Jeffrey Hargrave is the Chair of Prt Reach Foundation Inc.
What is the revenue of Prt Reach Foundation Inc?
Prt Reach Foundation Inc's revenue in 2022 was $5,850.
Who are the executives of Prt Reach Foundation Inc 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 Prt Reach Foundation Inc?
Prt Reach Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Prt Reach Foundation Inc
Prt Reach Foundation Inc is dedicated to addressing economic and community development needs, with a specific focus on the region of Maryland, particularly the Baltimore Washington Corridor. This nonprofit organization works tirelessly to identify and address the challenges faced by communities within this area, striving to foster growth and improve living conditions for its residents. Through their programs and initiatives, Prt Reach Foundation Inc aims to contribute positively to the economic landscape and overall well-being of the communities they serve. Their primary activity involves hosting events, which serve as platforms for conversation, collaboration, and the sharing of resources and ideas, all in the pursuit of community development.
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Impact
August, 2024
Prt Reach Foundation Inc has made a significant impact in addressing economic and community development needs in Maryland, specifically in the Baltimore Washington Corridor. Through their programs and events, they have worked towards improving the overall quality of life in these areas. Their focus on community improvement has led to positive changes and contributed to the growth and well-being of the local residents and businesses.
This information is meant to be a general summary of Prt Reach 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: $5,850
Assets and Liabilities:
- Total Assets: $29,277
- Total Liabilities: $0
- Net Assets: $29,277
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Organization Details
Founding Year
2011
Phone
(410) 385-1333Principal Officer
Jeffrey Hargrave
Main Address
5850 WATERLOO ROAD 140, COLUMBIA, MD, 21045
NTEE Category
Code: S31 - Community improvement
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