Overview
What is Victor Cruz Foundation Inc?
The Victor Cruz Foundation Inc, based in Edison, New Jersey, is a nonprofit organization dedicated to supporting youth success in both their professional and personal lives. Their mission encompasses providing a comprehensive range of assistance, focusing on STEAM (Science, Technology, Engineering, Art, and Math) education, college preparation, financial literacy, and promoting a healthy lifestyle. In 2022, they aided holiday community programs at Eva's Village and offered a shopping experience in NYC for 25 students from Paterson's School 21. Additionally, the foundation played a crucial role in launching the New STEAM High School in Paterson, allowing students to choose from four academic pathways: environmental sustainability, computer science, engineering, and medical arts. With a team of one dedicated individual, the Victor Cruz Foundation Inc continues its efforts to empower youth for future success.
Official website here: www.victorcruzfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Victor Cruz Foundation Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and finance management. The organization has excelled particularly in areas such as having a fully independent board and maintaining a strong program expense ratio of 80.01%. This suggests that a significant portion of its resources is directed toward its mission-related activities, which is a positive indicator for potential donors.
Strengths highlighted include a complete lack of material diversion of assets and full compliance in documenting board meeting minutes, which underscores the foundation's commitment to transparency. However, the organization does have some limitations, such as the absence of a whistleblower policy and document retention protocols. These points may raise concerns for stakeholders who prioritize comprehensive governance measures.
Overall, while the Victor Cruz Foundation Inc demonstrates strong financial accountability and a clear focus on its mission, addressing its governance gaps could further bolster its reputation and effectiveness. Potential supporters may consider these factors when deciding to contribute to the foundation's initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Victor Cruz Foundation Inc legitimate?
Victor Cruz Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victor Cruz Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $30,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.victorcruzfoundation.org
What is the mission statement of Victor Cruz Foundation Inc?
The Victor Cruz Foundation's mission is to offer comprehensive support for youth, enabling them to excel in their professional and personal lives. The organization primarily focuses on STEAM education, which encompasses subjects such as science, technology, engineering, art, and mathematics. The foundation also promotes college preparedness, financial literacy, and the importance of living a healthy lifestyle. In 2022, the Victor Cruz Foundation supported holiday programs that benefited individuals in need, and helped launch a new STEAM high school in Paterson, offering students the choice of four academic pathways: environmental sustainability, computer science, engineering, and medical arts.
Official website here: www.victorcruzfoundation.org
Who is the CEO of Victor Cruz Foundation Inc?
Briana Thevenin is the President of Victor Cruz Foundation Inc.
Official website here: www.victorcruzfoundation.org
What is the revenue of Victor Cruz Foundation Inc?
Victor Cruz Foundation Inc's revenue in 2022 was $33,071.
Official website here: www.victorcruzfoundation.org
Who are the executives of Victor Cruz Foundation Inc and what are their salaries?
The average compensation at Victor Cruz Foundation Inc during 2022 was $30,000. There is 1 employee and 6 volunteers at Victor Cruz Foundation Inc.
Here are 7 key members and their salaries:
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- Compensation: $30,000
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Official website here: www.victorcruzfoundation.org
Where can I find the form 990 for Victor Cruz Foundation Inc?
Victor Cruz Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.victorcruzfoundation.org
Learn more at the official website: www.victorcruzfoundation.org
Mission Statement of Victor Cruz Foundation Inc
The Victor Cruz Foundation Inc is committed to providing comprehensive support for youth, enabling them to excel in their professional lives and personal development. With a particular focus on STEAM education (Science, Technology, Engineering, Art, and Math), the foundation aims to prepare young individuals for higher education and instill financial literacy and the importance of maintaining a healthy lifestyle.
In line with its mission, the Victor Cruz Foundation Inc offers a range of resources and programs to assist youth in achieving their goals. One of its key initiatives is the support of college preparedness, ensuring that young people have the necessary tools and knowledge to pursue higher education successfully. In addition to this, the foundation emphasizes the importance of financial literacy, teaching young people essential skills such as budgeting and saving. Furthermore, the foundation encourages a healthy lifestyle, promoting physical and mental well-being among the youth it serves.
By fostering STEAM education, the Victor Cruz Foundation Inc empowers young individuals to develop the skills and knowledge needed to excel in the 21st-century workforce. Through its various initiatives, the foundation provides opportunities for youth to engage with STEAM subjects, often in the form of hands-on learning experiences. This approach enables young people to explore their interests and develop a passion for STEAM-related fields, ultimately setting them up for success in their future careers.
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Impact
August, 2024
The Victor Cruz Foundation Inc's impact can be seen in its efforts to provide comprehensive support for youth to succeed in both the workforce and life. By focusing on STEAM education (Science, Technology, Engineering, Arts, and Math), college preparedness, financial literacy, and promoting a healthy lifestyle, the foundation equips young individuals with the tools they need to thrive. In addition, the foundation has supported community programs that serve those in need and contributed to the launch of a new STEAM high school in Paterson, offering students various academic pathways such as environmental sustainability, computer science, engineering, and medical arts. Through its initiatives, the Victor Cruz Foundation is making a tangible difference in the lives of youth, empowering them to reach their full potential and achieve their goals.
This information is meant to be a general summary of Victor Cruz Foundation 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: -$46,501
- Gross Receipts: $204,720
Assets and Liabilities:
- Total Assets: $557,065
- Total Liabilities: $0
- Net Assets: $557,065
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Organization Details
Founding Year
2012
Phone
(732) 549-2800Principal Officer
Briana Thevenin
Main Address
CO MAZARS USA LLP 399 THORNALL ST, EDISON, NJ, 08837
Website
www.victorcruzfoundation.orgNTEE Category
Code: O50 - Youth development
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