Overview
What is Fund For Hoosier Excellence Inc?
Fund for Hoosier Excellence Inc is a nonprofit organization situated in Indiana. Their primary mission is to champion educational opportunities and boost academic achievement among African-American, Hispanic-American, and native American youth within the state. They accomplish this by granting scholarships and awards to deserving students, thereby fulfilling their objective of fostering educational excellence. The organization's activities are geared towards promoting academic excellence and providing financial assistance to underrepresented youth, thereby expanding their access to quality education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (57%)
Fund For Hoosier Excellence Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its overall performance. The rating is solely based on accountability and finance, which highlights the charity's challenges in program expenses relative to its total expenses. Despite this, the organization has performed well in aspects such as board independence and financial management.
The organization boasts a fully independent board with 10 out of 10 points in this area, reinforcing its governance structure. It has also adequately documented board meeting minutes and maintains a favorable liabilities to assets ratio of 9.17%. These strengths suggest that while the charity may be managing its governance appropriately, there are areas requiring attention, particularly in how funds are allocated toward programs.
A notable limitation is the program expense ratio, which stands at 57.08%, reflecting lower spending on direct programs compared to administrative costs. This could raise questions among potential donors regarding the effectiveness of their contributions. Therefore, while the charity demonstrates solid governance practices, improvements in program financial allocations are necessary for a more favorable evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Fund For Hoosier Excellence Inc legitimate?
Fund For Hoosier Excellence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fund For Hoosier Excellence 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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What is the mission statement of Fund For Hoosier Excellence Inc?
The mission of Fund For Hoosier Excellence Inc, as stated, is to boost academic excellence among the African-American, Hispanic-American, and native American youth in Indiana. They achieve this by fostering educational opportunities and providing student grants and scholarships through their programs. By doing so, they aim to select and support deserving students, thereby promoting their academic growth and success. The organization's activities are centered around nurturing and empowering these underrepresented groups in the pursuit of higher education.
Who is the CEO of Fund For Hoosier Excellence Inc?
Gregory Pemberton Lld is the President of Fund For Hoosier Excellence Inc.
What is the revenue of Fund For Hoosier Excellence Inc?
Fund For Hoosier Excellence Inc's revenue in 2022 was $52,699.
Who are the executives of Fund For Hoosier Excellence Inc and what are their salaries?
There 13 volunteers at Fund For Hoosier Excellence Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Fund For Hoosier Excellence Inc?
Fund For Hoosier Excellence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fund For Hoosier Excellence Inc
The Fund for Hoosier Excellence Inc is dedicated to its mission of fostering academic excellence and promoting educational opportunities for youth of African-American, Hispanic-American, and native American descent in the state of Indiana. This nonprofit organization achieves this mission by awarding student grants and scholarships to deserving individuals. By offering these financial aid opportunities, the Fund for Hoosier Excellence Inc aims to support the academic pursuits of underrepresented youth, thereby promoting equality and inclusivity in education. The organization's programs are designed to identify and select students who demonstrate a strong commitment to their studies and a potential to excel in their chosen fields. The Fund for Hoosier Excellence Inc plays a crucial role in empowering these youth to reach their full potential and contribute positively to their communities.
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Impact
August, 2024
Fund For Hoosier Excellence Inc's impact lies in its dedication to promoting academic excellence among African-American, Hispanic-American, and Native American youth in Indiana. By awarding student grants and scholarships, the organization creates opportunities for these students to further their education and achieve their academic goals. Through its programs, Fund For Hoosier Excellence actively supports and empowers underrepresented communities in Indiana to excel in their educational pursuits, ultimately contributing to a more educated and diverse society.
This information is meant to be a general summary of Fund For Hoosier Excellence 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: $53,050
- Gross Receipts: $568,766
Assets and Liabilities:
- Total Assets: $1,639,563
- Total Liabilities: $220,085
- Net Assets: $1,419,478
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Organization Details
Founding Year
1983
Phone
(317) 633-4105Principal Officer
Gregory Pemberton Lld
Main Address
6515 Bergeson Way, Indianapolis, IN, 46278
NTEE Category
Code: B43I - Education
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