Overview
What is Mba Opens Doors Foundation?
Mba Opens Doors Foundation, headquartered in Washington D.C., is a charitable organization dedicated to supporting families with critically ill or injured children. Their primary goal is to help families maintain their homes during challenging times by providing mortgage and rental assistance grants. Designated healthcare providers identify eligible families and offer them financial aid, which the foundation facilitates through its network of providers. Currently, the foundation works with 13 such providers nationwide. The foundation also established a temporary pandemic relief home grant program in 2021, offering additional support to qualified families. Overall, Mba Opens Doors Foundation's mission is to deliver programs that ensure the security of homes for families with critically ill children.
Official website here: www.mbaopensdoors.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Mba Opens Doors Foundation has achieved an impressive 97% score on Charity Navigator, earning a Four-Star rating. This high score reflects the organization's strong commitment to accountability and finance, with a perfect score on various metrics, including the independence of its board members and the management of its financial statements. The foundation's lack of material diversion of assets and comprehensive policies indicate a robust governance structure.
The organization boasts an exceptional program expense ratio of 99.54%, highlighting its focus on utilizing donations effectively for its mission. Furthermore, it maintains a low fundraising efficiency cost, demonstrating that it spends minimal resources on fundraising activities compared to the revenue generated. This efficiency suggests that a significant majority of funds raised directly benefit its programs.
However, while the foundation shows a strong financial standing with a low liabilities to assets ratio and a solid working capital position, the fundraising efficiency score could indicate room for improvement in its fundraising strategies. Overall, Mba Opens Doors Foundation exemplifies responsible financial management and strong governance practices, which enhances donor confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Mba Opens Doors Foundation legitimate?
Mba Opens Doors Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mba Opens Doors 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mbaopensdoors.org
What is the mission statement of Mba Opens Doors Foundation?
The Mba Opens Doors Foundation's mission is to establish and deliver charitable programs aimed at providing assistance to families with critically ill or injured children, specifically aiding in securing their homes. To fulfill this purpose, the foundation develops and promotes philanthropic programs and engages in various lawful activities related to this cause. The foundation's primary initiative involves offering mortgage and rental assistance grants to parents or guardians of critically ill or injured children, enabling them to take unpaid leave from work without jeopardizing their homes. The Mba Opens Doors Foundation identifies and facilitates the designation of additional healthcare providers and has established partnerships with several healthcare providers across the country. During the 2021 pandemic, the foundation introduced a temporary pandemic relief home grant program, providing a second grant for mortgage or rental payments to qualified families.
Official website here: www.mbaopensdoors.org
Who is the CEO of Mba Opens Doors Foundation?
Deborah Dubois is the Principal Officer of Mba Opens Doors Foundation.
Official website here: www.mbaopensdoors.org
What is the revenue of Mba Opens Doors Foundation?
Mba Opens Doors Foundation's revenue in 2022 was $5,196,301.
Official website here: www.mbaopensdoors.org
Who are the executives of Mba Opens Doors Foundation and what are their salaries?
There 17 volunteers at Mba Opens Doors Foundation.
Here are 23 key members and their salaries:
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- Other: $27,547
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Official website here: www.mbaopensdoors.org
Where can I find the form 990 for Mba Opens Doors Foundation?
Mba Opens Doors Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mbaopensdoors.org
Learn more at the official website: www.mbaopensdoors.org
Mission Statement of Mba Opens Doors Foundation
The Mba Opens Doors Foundation is a charitable organization with a mission to create and deliver programs that provide assistance to families with critically ill or injured children. Their primary goal is to aid these families in securing their homes, allowing them to take unpaid leave from work to spend valuable time with their ailing children without jeopardizing their homes. The foundation carries out this mission by sponsoring philanthropic activities and offering charitable support.
One of Mba Opens Doors Foundation's key initiatives involves providing mortgage and rental assistance grants to parents and guardians of critically ill or injured children. This program, known as the Mba Opens Doors Foundation Mortgage and Rental Grant Assistance Initiative, is designed to identify and provide home grant program information to families in need of financial support. The foundation collaborates with designated healthcare providers to facilitate this process, with the Children's National Medical Center being the first designated provider in the Washington, D.C. metropolitan area. Since then, Mba Opens Doors Foundation has expanded its network, designating over a dozen healthcare providers across the country and currently receiving grants from thirteen providers.
In response to the COVID-19 pandemic, Mba Opens Doors Foundation established a Temporary Pandemic Relief Home Grant Program effective January 2021 through December 31, 2021. This temporary initiative provided a qualified family with a second grant for mortgage or rental payments. This program aimed to provide additional support to families during the challenging times brought on by the pandemic. However, the program ended on December 31, 2021.
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Impact
October, 2024
Mba Opens Doors Foundation has a profound impact on families with critically ill or injured children by offering essential financial support that helps maintain their housing stability. Through its mortgage and rental assistance payment grants, the foundation allows parents and guardians to take necessary unpaid leaves from work to care for their children during challenging times, without the added stress of potentially losing their homes.
By partnering with healthcare providers, including Children’s National Medical Center, the foundation identifies families in need and delivers timely assistance to them. Over the years, this initiative has expanded to include twelve additional healthcare providers across the country, thus broadening its reach and impact.
The foundation's temporary pandemic relief program further exemplified its commitment, providing additional financial assistance during a critical time for families straining under the pressures of both health and economic challenges. This approach not only supports families in maintaining their homes but also fosters significant emotional and relational connections during some of the most difficult moments in their lives. Overall, Mba Opens Doors Foundation plays a vital role in improving the quality of life for families navigating the hardships of childhood illness and injury.
This information is meant to be a general summary of Mba Opens Doors 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 2022.
- Investment Income: $9,174
- Gross Receipts: $5,196,301
Assets and Liabilities:
- Total Assets: $6,951,188
- Total Liabilities: $23,185
- Net Assets: $6,928,003
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Organization Details
Founding Year
2011
Phone
(202) 557-2700Principal Officer
Deborah Dubois
Main Address
1919 M STREET NW 5TH FL, WASHINGTON, DC, 20036
Website
www.mbaopensdoors.orgNTEE Category
Code: T12 - Philanthropy
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