Overview
What is Mba Foundation?
Mba Foundation is a nonprofit organization that focuses on revitalizing Mississippi communities by establishing sustainable education and community initiatives. Their primary objective is to improve the economic livelihood of these communities by offering a fitness and wellness center accessible to local members and families. This center serves as a hub for various community-driven projects, aiming to foster a healthier and more prosperous environment.
Official website here: www.mbahoops.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Mba Foundation has received a low rating of 54%, which indicates concerns regarding its accountability and financial management practices. Notably, the organization has 0% independent board members, suggesting a potential lack of oversight and governance. Furthermore, the absence of critical policies such as a conflict of interest policy and a whistleblower policy raises red flags about transparency and ethical management.
Despite these governance issues, the foundation demonstrates a high program expense ratio of 92.88%, which suggests that a significant portion of its resources is directed towards its charitable programs. Additionally, the organization has been rated positively for its financial statements, with no material diversion of assets reported, indicating a stable financial position.
Overall, while the Mba Foundation appears to prioritize programmatic spending over administrative costs, the lack of independent oversight and essential governance policies may hinder its credibility and effectiveness in the nonprofit sector. Addressing these governance deficiencies could enhance its standing and build trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Mba Foundation legitimate?
Mba Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mba 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: $59,246
For more financial information, click here
Official website here: www.mbahoops.net
What is the mission statement of Mba Foundation?
The Mba Foundation's mission is focused on establishing sustainable education and community initiatives. These initiatives are designed to revitalize the economic well-being of communities in Mississippi. The foundation achieves this by providing a facility that promotes fitness and wellness, serving as a resource for both its members and families from surrounding communities.
Official website here: www.mbahoops.net
Who is the CEO of Mba Foundation?
Jeffery Lewis is the President of Mba Foundation.
Official website here: www.mbahoops.net
What is the revenue of Mba Foundation?
Mba Foundation's revenue in 2021 was $521,929.
Official website here: www.mbahoops.net
Who are the executives of Mba Foundation and what are their salaries?
The average compensation at Mba Foundation during 2021 was $11,849. There are 5 employees and 5 volunteers at Mba Foundation.
Here are 4 key members and their salaries:
- Compensation: $17,493
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $17,493
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mbahoops.net
Where can I find the form 990 for Mba Foundation?
Mba Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.mbahoops.net
Learn more at the official website: www.mbahoops.net
Mission Statement of Mba Foundation
The Mba Foundation, in its mission, aims to establish sustainable education and community initiatives that strive to revitalize the economic vitality of Mississippi communities. By providing a platform for fitness and wellness, this nonprofit organization seeks to serve and uplift its members and their families in the surrounding communities. Through these initiatives, the Mba Foundation aims to contribute significantly to the restoration of the economic livelihood of Mississippi communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Mba Foundation's impact in Jackson, Mississippi, is significant in restoring the economic livelihood of communities through sustainable education and community initiatives. By providing a place for fitness and wellness to members and families in surrounding areas, the foundation is actively contributing to the overall well-being and development of the region. Their mission to establish sustainable education and community initiatives is making a tangible difference by supporting human services and promoting a healthy lifestyle for individuals and families in need.
This information is meant to be a general summary of Mba 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 2021.
- Program Service Revenue: $521,929
- Gross Receipts: $521,929
Assets and Liabilities:
- Total Assets: $215,344
- Total Liabilities: $175,783
- Net Assets: $39,561
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees
Revenue
$521,929
Organization Details
Founding Year
2002
Phone
(601) 832-5480Principal Officer
Jeffery Lewis
Main Address
2240 Westbrook Rd, Jackson, MS, 39211
Website
www.mbahoops.netNTEE Category
Code: P33 - Human services
If you are a representative of Mba Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.