Overview
What is Provident Foundation?
The Provident Foundation, led by Myetie Hamilton, is a nonprofit organization that is deeply committed to enhancing community health and related education. They achieve this mission by offering financial aid in the form of grants and funding to like-minded nonprofit entities. Through this support, they contribute to a shared vision of improving community health and education, thereby making a significant impact in their local area.
Official website here: www.providentfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
The Provident Foundation has achieved an impressive 97% rating from Charity Navigator, reflecting a high level of accountability and financial health. This score is solely based on their Accountability & Finance beacon, which showcases the charity's commitment to responsible management of its resources. The foundation has demonstrated excellent governance practices, including a board composed entirely of independent members.
Strengths of the Provident Foundation include its excellent program expense ratio of 95.81%, indicating that most of its funding is directed towards programs rather than administrative costs. The organization also scored highly across various categories, including having a robust conflict of interest policy and maintaining transparency with publicly accessible board meeting minutes. These attributes highlight the foundation’s dedication to ethical practices and financial integrity.
While the data presented is overwhelmingly positive, potential donors and stakeholders might consider the lack of diversity in the board composition, as it consists solely of independent members. Nonetheless, the absence of material diversions of assets and a 0.00% liabilities to assets ratio further solidify the foundation's strong financial standing. Overall, the Provident Foundation appears to be a reliable choice for those looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Provident Foundation legitimate?
Provident Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Provident 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: $0
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Official website here: www.providentfoundation.org
What is the mission statement of Provident Foundation?
The Provident Foundation works towards promoting health and related education in the community by offering financial aid through funding and grants. It supports not-for-profit entities that share its mission, contributing to this vital sector. By providing financial assistance, the foundation aims to enhance the reach and impact of organizations dedicated to health and education in the community.
Official website here: www.providentfoundation.org
Who is the CEO of Provident Foundation?
Myetie Hamilton 3 Officer is the Board Member of Provident Foundation.
Official website here: www.providentfoundation.org
What is the revenue of Provident Foundation?
Provident Foundation's revenue in 2022 was $8,598.
Official website here: www.providentfoundation.org
Who are the executives of Provident Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.providentfoundation.org
Where can I find the form 990 for Provident Foundation?
Provident Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.providentfoundation.org
Learn more at the official website: www.providentfoundation.org
Mission Statement of Provident Foundation
The Provident Foundation, as led by Myetie Hamilton, is committed to enhancing the health and related educational sector within the community. This is achieved by offering financial aid through grant funding to non-profit organizations that share a similar mission. By providing this support, the Provident Foundation plays a significant role in promoting health and education-related initiatives within the community. The foundation's mission is to empower and strengthen these non-profit entities, enabling them to deliver their services more effectively and reach a wider audience in need. By investing in the success of these organizations, the Provident Foundation contributes to the overall well-being and development of the community, focusing on health and related educational aspects.
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Impact
August, 2024
Provident Foundation, through its focus on health and related education, has made a significant impact in the community by providing financial assistance to not-for-profit entities with similar missions. By offering funding and grants, Provident Foundation works towards improving overall health outcomes and promoting education in the Chicago area. This support helps organizations to implement programs and initiatives that address crucial health issues and provide educational resources to those in need. The Foundation's efforts play a vital role in enhancing the well-being and knowledge of individuals in the community.
This information is meant to be a general summary of Provident 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.
- Program Service Revenue: $8,483
- Gross Receipts: $8,598
Assets and Liabilities:
- Total Assets: $122,249
- Total Liabilities: $0
- Net Assets: $122,249
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DONATIONS
Revenue
$8,483
SCHOLARSHIP INCOME
OTHER
Organization Details
Founding Year
1995
Principal Officer
Myetie Hamilton 3 Officer
Main Address
1525 EAST 53RD STREET STE 451, CHICAGO, IL, 60615
Website
www.providentfoundation.orgNTEE Category
Code: E21Z - Health
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