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The Torit Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 352523853 ✦ Boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is The Torit Foundation Inc?

The Torit Foundation Inc. is a nonprofit organization that aims to bridge the gap for underprivileged children in accessing quality education. By offering educational scholarships, student financial aid, and awards, this foundation ensures that deserving yet financially challenged students get the opportunity to pursue their academic endeavors. Their mission is centered around providing monetary support, thereby enabling children who might otherwise be deprived of such opportunities to have a better educational journey.

Is The Torit Foundation Inc legitimate?

The Torit Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Torit Foundation Inc submitted a form 990EZ, 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.

What is the mission statement of The Torit Foundation Inc?

The Torit Foundation Inc. is dedicated to offering monetary assistance to children who might otherwise be deprived of a high-quality educational experience. By providing scholarships, student financial aid, and awards, the foundation aims to bridge the gap for children in need, enabling them to pursue their educational goals effectively. The foundation's primary mission is to promote educational equality and ensure that every child has an opportunity to thrive academically, regardless of their financial circumstances.

What is the revenue of The Torit Foundation Inc?

The Torit Foundation Inc's revenue in 2021 was $41,040.

Who are the executives of The Torit Foundation Inc and what are their salaries?

Here are 3 key members and their salaries:


Kristen Mansharamani (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherla Collymore-Phillips (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nakia Reyes (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for The Torit Foundation Inc?

The Torit Foundation Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.

Mission Statement of The Torit Foundation Inc

The Torit Foundation Inc. is dedicated to providing monetary aid to children who might otherwise be deprived of a high-quality educational experience. By offering educational scholarships, student financial aid, and awards, this organization seeks to bridge the financial gap and ensure that deserving students can pursue their education without financial constraints. The foundation's mission is to empower children, thereby enhancing their opportunities for a brighter future.

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Impact




August, 2024

The Torit Foundation Inc's impact is profound and far-reaching, creating opportunities for children to access quality education through financial support. By offering scholarships, student financial aid, and awards, the foundation enables children who may not have had the means to pursue education to fulfill their academic potential. This direct intervention contributes to breaking barriers to educational access and enhancing the future prospects of these young individuals. In essence, The Torit Foundation Inc plays a crucial role in leveling the playing field and empowering children to thrive academically.




This information is meant to be a general summary of The Torit 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.

Revenue
$41,040 (2021)
Expenses
$31,994 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $41,040

Assets and Liabilities:

  • Total Assets: $12,389
  • Total Liabilities: $1,431
  • Net Assets: $10,958

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Organization Details

Principal Officer

Nakia Reyes

NTEE Category

Code: B82 - Education

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