Overview
What is Ivy Endowment Inc?
Ivy Endowment Inc is a nonprofit organization situated in Indianapolis, Indiana. Their primary focus is on uplifting youth and communities within Central Indiana. They accomplish this through the provision of scholarships and implementing programs designed to enhance the recipients' lives. The Debutante Cotillion and scholarship program, a significant initiative, aims to foster personal development, academic excellence, and civic engagement in young ladies. Upon completion of this program, deserving individuals are awarded scholarships to further their education. The organization's mission is deeply rooted in the betterment of the community, striving to make a positive impact on the quality of life for its residents.
Official website here: www.ivyendowment.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
Ivy Endowment Inc has received a low score of 56%, which has resulted in a One-Star rating. This rating reflects significant concerns regarding the organization's governance and accountability practices. Notably, the charity lacks independent board members and has not implemented several essential policies such as conflict of interest and whistleblower protections, which are critical for ensuring transparency and ethical management.
Despite these governance issues, Ivy Endowment Inc demonstrates a strong commitment to its programs, with an impressive program expense ratio of 98.58%. This indicates that a large portion of its resources is being allocated directly to charitable activities. Additionally, the organization has no reported material diversion of assets, showcasing a level of financial integrity.
However, the absence of key policies and independent oversight raises questions about the overall effectiveness of its governance structure. Without improvements in these areas, the charity may struggle to gain trust and confidence from potential donors and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Ivy Endowment Inc legitimate?
Ivy Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ivy Endowment 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.
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Official website here: www.ivyendowment.com
What is the mission statement of Ivy Endowment Inc?
Ivy Endowment Inc's mission is centered around supporting youth and enhancing their communities in Central Indiana. They accomplish this by granting scholarships and offering programs that aim to enhance the quality of life for the recipients. One of their initiatives is the Debutante Cotillion and scholarship program, designed to prepare young women for higher education, foster personal development, and encourage civic involvement. Upon completion of the program, deserving candidates receive scholarships to further their education.
Official website here: www.ivyendowment.com
Who is the CEO of Ivy Endowment Inc?
Carmen K Jones is the Parliamentarian of Ivy Endowment Inc.
Official website here: www.ivyendowment.com
What is the revenue of Ivy Endowment Inc?
Ivy Endowment Inc's revenue in 2022 was $137,639.
Official website here: www.ivyendowment.com
Who are the executives of Ivy Endowment Inc and what are their salaries?
Here are 19 key members and their salaries:
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Official website here: www.ivyendowment.com
Where can I find the form 990 for Ivy Endowment Inc?
Ivy Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ivyendowment.com
Learn more at the official website: www.ivyendowment.com
Mission Statement of Ivy Endowment Inc
Ivy Endowment Inc, a nonprofit organization, is committed to supporting youth and communities in Central Indiana. They achieve this mission through two primary means: granting scholarships and offering programs designed to enhance the quality of life for those in the area. The Debutante Cotillion and scholarship program, one of their initiatives, aims to empower young ladies by equipping them with the necessary tools for higher education, personal development, and civic engagement. Upon completing the program, deserving young women are awarded scholarships to further their education. By implementing these strategies, Ivy Endowment Inc plays a significant role in uplifting the future leaders of Central Indiana.
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Impact
October, 2024
Ivy Endowment Inc significantly impacts youth and communities in Central Indiana by providing scholarships and enhancing quality of life through targeted programs. One of its hallmark initiatives, the Debutante Cotillion and scholarship program, is designed to inspire and empower young women by promoting higher education, personal development, and civic engagement. Through this program, participants are not only encouraged to excel academically but also receive scholarships upon completion, facilitating their pursuit of further education. The organization's commitment to supporting deserving young ladies from the community helps to foster a culture of excellence and encourages future leaders, thereby enriching the broader community in Indianapolis and surrounding areas.
This information is meant to be a general summary of Ivy Endowment 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: $7
- Program Service Revenue: $8,755
- Gross Receipts: $137,639
Assets and Liabilities:
- Total Assets: $569,643
- Total Liabilities: $0
- Net Assets: $569,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program
Revenue
$8,755
Organization Details
Founding Year
1979
Phone
(317) 499-4652Principal Officer
Carmen K Jones
Main Address
PO BOX 88474, Indianapolis, IN, 46208
Website
www.ivyendowment.comNTEE Category
Code: B83Z - Education
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