Overview
What is Akarama Foundation Inc?
Akarama Foundation Inc, based in Chicago, Illinois, is a nonprofit organization dedicated to promoting community service and socially conscious activities. They award scholarships and grants to students enrolled in accredited colleges or universities, considering their academic performance and references. The foundation also offers educational programs that enrich the learning experience for students across the Chicago area. Additionally, Akarama Foundation Inc is involved in mentoring at-risk teenagers, helping them build self-esteem and encouraging academic pursuits. The organization's mission is to foster community development by strengthening the economic, educational, social, and emotional health of the community.
Is Akarama Foundation Inc legitimate?
Akarama Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Akarama 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.
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Other Salaries and Wages: $24,415
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What is the mission statement of Akarama Foundation Inc?
The Akarama Foundation Inc's mission is centered around promoting community service through volunteerism and socially conscious activities. Their programs aim to enhance various aspects of the community, including its economic, educational, social, and emotional health. The foundation awards scholarships and grants to students based on their academic performance and references. They also offer educational programs providing academic enrichment to students in the Chicago area and mentoring programs to boost the self-esteem of at-risk teenagers and encourage academic pursuit.
Who is the CEO of Akarama Foundation Inc?
Kimberley Irene Egonmwan is the President of Akarama Foundation Inc.
What is the revenue of Akarama Foundation Inc?
Akarama Foundation Inc's revenue in 2022 was $350,072.
Who are the executives of Akarama Foundation Inc and what are their salaries?
Here are 24 key members and their salaries:
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Where can I find the form 990 for Akarama Foundation Inc?
Akarama Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Akarama Foundation Inc
Akarama Foundation Inc is dedicated to promoting community service through volunteerism and socially conscious activities. Its mission is twofold: to strengthen the economic, educational, social, and emotional health of the community. The foundation achieves this by awarding scholarships and grants based on academic performance and letters of recommendation. These financial aids are given to students enrolled in accredited colleges or universities who maintain good academic standing.
In addition to scholarship programs, Akarama Foundation Inc also offers educational programs that provide academic enrichment to students throughout the Chicago area. These programs aim to supplement their learning and foster a love for education. Furthermore, the foundation offers mentoring programs for at-risk teenagers. These mentoring initiatives help build self-esteem in the teenagers and encourage academic pursuit. By providing a supportive environment and guidance, Akarama Foundation Inc aims to empower these young individuals and set them on a path towards success.
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Impact
October, 2024
Akarama Foundation Inc. makes a significant impact through its commitment to community service, fostering volunteerism, and encouraging socially conscious activities. The foundation actively awards scholarships and grants to students based on academic merit, including ACT scores and GPA, ensuring that financial barriers do not hinder motivated individuals from pursuing higher education. Students are required to be enrolled in accredited institutions and maintain good academic standing, reinforcing the foundation's dedication to academic excellence.
In addition to financial support, Akarama Foundation Inc. enriches the educational landscape in the Chicago area through various programs designed to boost academic achievement. By providing impactful educational programs, the foundation enhances the learning experience for students, ensuring they receive the necessary support to thrive.
Moreover, Akarama Foundation Inc. addresses the needs of at-risk teenagers through its mentoring initiatives. These programs not only help build self-esteem but also inspire youths to pursue their academic goals, fostering a sense of hope and direction for their futures. The holistic approach of Akarama Foundation Inc. contributes to strengthening the economic, educational, social, and emotional fabric of the community, creating a positive ripple effect that uplifts individuals and the community as a whole.
This information is meant to be a general summary of Akarama 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.
- Gross Receipts: $479,743
Assets and Liabilities:
- Total Assets: $1,428,614
- Total Liabilities: $3,588
- Net Assets: $1,425,026
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Organization Details
Founding Year
1980
Phone
(773) 363-6220Principal Officer
Kimberley Irene Egonmwan
Main Address
6220 S INGLESIDE AVENUE, CHICAGO, IL, 60637
NTEE Category
Code: Z99 - Unknown
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