Overview
What is Alpha Kappa Alpha Educational Advancement Foundation Inc?
Alpha Kappa Alpha Educational Advancement Foundation Inc is a nonprofit organization established to perpetually support Alpha Kappa Alpha Sorority Inc's commitment to education and lifelong learning. They achieve this by granting funds, fellowships, and scholarships. The foundation's mission is to ensure the continuous availability of educational resources, fostering a culture of learning that extends beyond initial education. The establishment of the Educational Advancement Foundation was a strategic move by Alpha Kappa Alpha Sorority Inc to ensure a perpetual source of educational support. The foundation's activities revolve around awarding grants, fellowships, and scholarships, thereby empowering individuals to pursue their educational goals. By doing so, the foundation contributes to the broader societal objective of promoting education and fostering personal growth.
Official website here: www.akaeaf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Alpha Kappa Alpha Educational Advancement Foundation Inc has received an outstanding rating of 97% from Charity Navigator, indicating a high level of accountability and financial health. This score reflects the organization's commitment to transparency and responsible financial management. With a majority of independent board members and robust oversight mechanisms, the foundation demonstrates a strong governance structure.
The organization excels in its program expense ratio, with nearly all funds directly supporting its mission. Its fundraising efficiency ratio shows no costs incurred in fundraising, indicating that contributions are effectively utilized for educational advancement. Additionally, the foundation has established comprehensive policies, including conflict of interest and whistleblower policies, to maintain ethical standards.
While the foundation showcases numerous strengths, such as a low liabilities-to-assets ratio and a solid working capital ratio, ongoing vigilance is essential for sustaining these high standards. Overall, the Alpha Kappa Alpha Educational Advancement Foundation Inc stands out as a well-managed nonprofit dedicated to its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Alpha Kappa Alpha Educational Advancement Foundation Inc legitimate?
Alpha Kappa Alpha Educational Advancement Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Kappa Alpha Educational Advancement 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: $160,635
Professional Fundraising Fees: $0
Other Salaries and Wages: $510,093
For more financial information, click here
Official website here: www.akaeaf.org
What is the mission statement of Alpha Kappa Alpha Educational Advancement Foundation Inc?
The Alpha Kappa Alpha Educational Advancement Foundation Inc. was established with the purpose of providing perpetual support to Alpha Kappa Alpha Sorority Inc.'s commitment to education and lifelong learning. This is achieved by granting, fellowships, and scholarships. The foundation's mission is to continually reinforce Alpha Kappa Alpha's dedication to education, promoting learning throughout one's life. By offering financial aid, the foundation enables individuals to pursue their educational goals, fostering a culture of learning and knowledge expansion.
Official website here: www.akaeaf.org
Who is the CEO of Alpha Kappa Alpha Educational Advancement Foundation Inc?
Erika V Everett is the Executive Dir. of Alpha Kappa Alpha Educational Advancement Foundation Inc.
Official website here: www.akaeaf.org
What is the revenue of Alpha Kappa Alpha Educational Advancement Foundation Inc?
Alpha Kappa Alpha Educational Advancement Foundation Inc's revenue in 2022 was $4,755,704.
Official website here: www.akaeaf.org
Who are the executives of Alpha Kappa Alpha Educational Advancement Foundation Inc and what are their salaries?
The average compensation at Alpha Kappa Alpha Educational Advancement Foundation Inc during 2022 was $83,841. There are 8 employees and 10 volunteers at Alpha Kappa Alpha Educational Advancement Foundation Inc.
Here are 15 key members and their salaries:
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Official website here: www.akaeaf.org
Where can I find the form 990 for Alpha Kappa Alpha Educational Advancement Foundation Inc?
Alpha Kappa Alpha Educational Advancement Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.akaeaf.org
Learn more at the official website: www.akaeaf.org
Mission Statement of Alpha Kappa Alpha Educational Advancement Foundation Inc
The Alpha Kappa Alpha Educational Advancement Foundation Inc was established with a mission to perpetually uphold Alpha Kappa Alpha Sorority Inc.'s commitment to education and lifelong learning. This nonprofit organization achieves this mission by granting, awarding, and providing scholarships and fellowships. By doing so, it ensures that the value of education and continuous learning remains a cornerstone of Alpha Kappa Alpha Sorority Inc.'s services. The creation of the Educational Advancement Foundation serves as a testament to Alpha Kappa Alpha's dedication to fostering education and learning opportunities for individuals throughout their lives.
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Impact
October, 2024
The Alpha Kappa Alpha Educational Advancement Foundation Inc significantly impacts education and lifelong learning by providing grants, fellowships, and scholarships. By supporting the educational aspirations of individuals, it ensures that resources are available for those seeking to enhance their knowledge and skills. This initiative plays a crucial role in fostering academic achievement within communities, promoting access to education, and encouraging continued learning. Its foundation represents a long-standing commitment to uplifting individuals through education, affirming the belief that knowledge is a vital tool for personal and community development. With its headquarters in Chicago, Illinois, the foundation remains a vital force for positive change and empowerment through education.
This information is meant to be a general summary of Alpha Kappa Alpha Educational Advancement 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: -$3,382,963
- Program Service Revenue: $7,661
- Gross Receipts: $4,755,704
Assets and Liabilities:
- Total Assets: $22,974,963
- Total Liabilities: $462,669
- Net Assets: $22,512,294
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP SALES
Revenue
$7,661
Organization Details
Founding Year
1980
Phone
(773) 947-0026Principal Officer
Erika V Everett
Main Address
5656 S STONY ISLAND AVENUE 3 FLR, CHICAGO, IL, 60637
Website
www.akaeaf.orgNTEE Category
Code: B82Z - Education
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