Overview
What is Boule Foundation?
The Boule Foundation is a compassionate nonprofit organization situated in Atlanta, Georgia. Their primary mission is to extend financial aid in the form of scholarships and grants to deserving students who face financial hardships. This philanthropic organization is dedicated to uplifting the educational prospects of these individuals, thereby contributing to their overall development and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
The Boule Foundation has earned a three-star rating from Charity Navigator, reflecting an overall score of 88%. This rating is based solely on the Accountability & Finance beacon, which indicates a strong emphasis on responsible financial management. The foundation has demonstrated commitment to accountability, as evidenced by its 100% independent board and the presence of various policies, including a conflict of interest and whistleblower policy.
Strengths highlighted in the assessment include a high ratio of liabilities to assets at 0.84% and an impressive working capital ratio of 10.26 years, showcasing the organization's financial stability. Additionally, the foundation has no material diversion of assets, and its financial statements are subjected to thorough audit oversight. These factors contribute to a strong trust in the organization's financial practices.
However, the program expense ratio of 62.70% and fundraising efficiency of $0.24 may indicate room for improvement in maximizing program spending relative to overall expenses. While the foundation shows solid governance and accountability, enhancing fundraising efficiency could further bolster its operational effectiveness. Overall, the Boule Foundation is recognized for its strong financial management and governance practices, despite some areas that could benefit from attention.
This AI summary has been generated from information found on Charity Navigator.
Is Boule Foundation legitimate?
Boule Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boule 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: $92,839
For more financial information, click here
What is the mission statement of Boule Foundation?
The Boule Foundation, as a nonprofit entity, is dedicated to offering scholarships and grants to students facing financial challenges. Its mission is to assist these students in pursuing their educational goals, thereby contributing to their personal growth and broader societal progress. The organization's activities primarily focus on providing financial aid, thereby alleviating the financial burden on deserving students. While the foundation is not explicitly mentioned, its location is Atlanta, Georgia.
Who is the CEO of Boule Foundation?
Donald Goens is the Chairman of Boule Foundation.
What is the revenue of Boule Foundation?
Boule Foundation's revenue in 2022 was $5,026,585.
Who are the executives of Boule Foundation and what are their salaries?
The average compensation at Boule Foundation during 2022 was $46,420. There are 2 employees at Boule Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Boule Foundation?
Boule Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boule Foundation
The Boule Foundation, as a nonprofit entity, is committed to providing scholarships and grants to students who find themselves in financial need. Established with this mission, the organization aims to offer financial aid to help these individuals continue their educational pursuits. The Boule Foundation operates independently, without specifying a particular location in its mission statement.
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Impact
October, 2024
The Boule Foundation significantly impacts the educational landscape by providing scholarships and grants to students in need. Based in Atlanta, GA, it plays a crucial role in empowering individuals through higher education opportunities. By alleviating financial barriers, the foundation enables deserving students to pursue their academic goals, which can lead to improved career prospects and enhanced community contributions. The foundation’s commitment to education not only fosters personal growth but also strengthens the overall social fabric by investing in the future of diverse and talented individuals.
This information is meant to be a general summary of Boule 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: $1,021,158
- Gross Receipts: $5,026,585
Assets and Liabilities:
- Total Assets: $28,879,034
- Total Liabilities: $245,235
- Net Assets: $28,633,799
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Organization Details
Founding Year
1980
Phone
(404) 529-9919Principal Officer
Donald Goens
Main Address
260 Peachtree Street NW, Atlanta, GA, 30303
NTEE Category
Code: B82Z - Education
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