Overview
What is The Phoenix Pact Fund?
The Phoenix Pact Fund is a charitable organization dedicated to providing financial assistance in the form of scholarships to individuals who are currently facing financial constraints. This nonprofit entity's primary mission revolves around offering educational opportunities to those who might otherwise be unable to pursue them due to their financial situation. By granting scholarships, The Phoenix Pact Fund aims to empower individuals and contribute to their personal growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Phoenix Pact Fund has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scores 90% overall, with its entire score derived from a single beacon focused on Accountability & Finance, indicating a solid foundation in managing its resources effectively.
The nonprofit demonstrates significant strengths, including a fully independent board comprised of 87% independent members and an excellent score in financial oversight with a perfect evaluation in audit and oversight. The organization also maintains robust policies regarding conflict of interest and whistleblowing, further exemplifying its commitment to transparency and ethical governance.
One notable highlight is the organization's program expense ratio of 93.67%, suggesting that a substantial majority of its expenditures are directed toward its programs rather than administrative costs. This focus on program delivery enhances its impact, although no specific limitations are reported in the available data. Overall, The Phoenix Pact Fund appears to be a well-managed organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Phoenix Pact Fund legitimate?
The Phoenix Pact Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Phoenix Pact Fund 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: $340,194
For more financial information, click here
What is the mission statement of The Phoenix Pact Fund?
The Phoenix Pact Fund is committed to providing scholarships to individuals who are currently facing financial hardships. Their mission is centered around alleviating financial burdens, enabling these individuals to continue their education. By offering scholarships, the organization aims to contribute to their recipients' academic pursuits and potentially open up new opportunities for them. The Phoenix Pact Fund's activities primarily revolve around granting financial aid to those in need, thereby providing them with the means to further their education.
What is the revenue of The Phoenix Pact Fund?
The Phoenix Pact Fund's revenue in 2024 was $598,993.
Who are the executives of The Phoenix Pact Fund and what are their salaries?
The average compensation at The Phoenix Pact Fund during 2024 was $170,097. There are 2 employees at The Phoenix Pact Fund.
Here are 8 key members and their salaries:
- Compensation: $117,540
- Related: $0
- Other: $38,288
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Phoenix Pact Fund?
The Phoenix Pact Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Phoenix Pact Fund
The Phoenix Pact Fund is a nonprofit organization committed to extending financial aid in the form of scholarships to individuals who find themselves in dire financial circumstances. Their mission, succinctly put, is to provide educational opportunities that might otherwise be out of reach for those in need. By granting scholarships, The Phoenix Pact Fund seeks to alleviate financial burdens, enabling individuals to pursue their academic goals and improve their lives. The organization's goal is to act as a supportive agent, providing a financial lifeline to those who need it most, ultimately fostering educational growth and personal development.
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Impact
October, 2024
The Phoenix Pact Fund significantly impacts individuals facing financial challenges by providing scholarships that facilitate access to education. Located in Chicago, Illinois, the fund aims to bridge the financial gap for those aspiring to improve their circumstances through learning and skill development. By offering financial assistance, The Phoenix Pact Fund empowers recipients to pursue their educational goals, fostering personal and professional growth. This initiative not only helps individuals achieve their potential but also contributes to the broader goal of educational equity within the community.
This information is meant to be a general summary of The Phoenix Pact Fund. 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 2024.
- Investment Income: $570,493
- Gross Receipts: $4,907,839
Assets and Liabilities:
- Total Assets: $18,427,201
- Total Liabilities: $3,709,227
- Net Assets: $14,717,974
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Organization Details
Founding Year
2000
Principal Officer
Christopher Kelly
NTEE Category
Code: B82 - Education
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