Overview
What is Washington Dc Metro Hbcu Alumni Alliance Inc?
Washington D.C. Metro HBCU Alumni Alliance Inc is a nonprofit organization that manages its resources to support various operational expenses. These expenses encompass digital platforms like Facebook and Mailchimp, videography services, bank fees, tax filings, digital signature tools, insurance costs, and professional services. The organization is also committed to paying national dues, demonstrating its affiliation with relevant networks. Although the information does not specify the Alliance's primary mission, it is involved in activities that promote connectivity and engagement within the HBCU (Historically Black Colleges and Universities) alumni community.
Official website here: www.dchbcu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 26%, Zero-Star out of Four Star Rating
The Washington DC Metro HBCU Alumni Alliance Inc has received a low rating of 26%, which indicates significant concerns regarding its accountability and financial practices. The rating is primarily derived from its performance in various accountability metrics, where it demonstrates notable weaknesses, such as missing essential policies that are crucial for governance and transparency.
One of the strengths of the organization is its independent board size, which boasts 9 independent members, reflecting a level of governance that could be beneficial. However, the overall effectiveness is diminished by a lack of independent board members and missing critical policies including conflict of interest and whistleblower protections. Additionally, the organization has shown a commendable absence of material diversion of assets, which is a positive indicator of integrity in financial management.
Despite the positive aspects, the organization's financial metrics raise red flags, particularly with a program expense ratio of only 30.04%, suggesting that a significant portion of resources may not be directed towards its programs. Furthermore, the lack of transparency in posting its tax forms on its website and the poor liabilities to assets ratio are concerning. Overall, the nonprofit appears to be in need of significant improvements in its governance practices to enhance its accountability and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Dc Metro Hbcu Alumni Alliance Inc legitimate?
Washington Dc Metro Hbcu Alumni Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Dc Metro Hbcu Alumni Alliance 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.
Official website here: www.dchbcu.org
What is the mission statement of Washington Dc Metro Hbcu Alumni Alliance Inc?
The mission of Washington Dc Metro HBCU Alumni Alliance Inc, as outlined in its financial expenses, is not explicitly stated. However, based on the expenses listed, it can be inferred that the organization aims to engage in various activities and services to support its alumni from Historically Black Colleges and Universities (HBCUs). These activities include utilization of digital platforms like Facebook and Mailchimp for communication, hiring of videographers for events, managing financial transactions, obtaining legal and professional services, paying national dues, and securing necessary insurance coverage. While this does not fully describe a mission statement, it suggests an emphasis on maintaining a strong network and providing services for HBCU alumni.
Official website here: www.dchbcu.org
Who is the CEO of Washington Dc Metro Hbcu Alumni Alliance Inc?
Nardos King is the President of Washington Dc Metro Hbcu Alumni Alliance Inc.
Official website here: www.dchbcu.org
What is the revenue of Washington Dc Metro Hbcu Alumni Alliance Inc?
Washington Dc Metro Hbcu Alumni Alliance Inc's revenue in 2022 was $183,508.
Official website here: www.dchbcu.org
Who are the executives of Washington Dc Metro Hbcu Alumni Alliance Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.dchbcu.org
Where can I find the form 990EZ for Washington Dc Metro Hbcu Alumni Alliance Inc?
Washington Dc Metro Hbcu Alumni Alliance Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.dchbcu.org
Learn more at the official website: www.dchbcu.org
Mission Statement of Washington Dc Metro Hbcu Alumni Alliance Inc
Washington D.C. Metro HBCU Alumni Alliance spends its resources on various expenses, including digital marketing tools like Facebook and Mailchimp, banking fees, tax filing costs, online document signing services, insurance, membership dues, and professional and legal services. Although the information provided does not explicitly state the organization's mission, it can be inferred that Washington D.C. Metro HBCU Alumni Alliance supports its operations through financial investments in various areas. This suggests that the organization's mission may involve engaging with its alumni community, promoting higher education, and potentially advocating for Historically Black Colleges and Universities (HBCUs) on a national level. However, without further context or information, it is challenging to provide a more specific or detailed summary of the organization's mission.
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Impact
October, 2024
The Washington DC Metro HBCU Alumni Alliance Inc plays a significant role in fostering connections among alumni of Historically Black Colleges and Universities (HBCUs) in the region. By engaging in activities that promote collaboration, networking, and professional development, the organization enhances the sense of community among its members.
Through a variety of operational expenses, such as digital marketing efforts on Facebook and Mailchimp, the Alliance effectively reaches out to a broader audience, facilitating increased awareness and participation. Their investment in videography and professional services signifies a commitment to creating high-quality content and programs that resonate with their members and celebrate HBCU achievements.
Furthermore, the Alliance's focus on budgeting for essential services, such as legal aid and insurance, underscores its dedication to sustainability and compliance, ensuring that the organization can continue to support the community in the long term. The pooling of resources and shared experiences among members ultimately contributes to empowerment, mentorship opportunities, and advocacy initiatives aimed at enriching the lives of HBCU alumni and those they serve.
This information is meant to be a general summary of Washington Dc Metro Hbcu Alumni Alliance 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.
- Program Service Revenue: $4,106
- Gross Receipts: $183,508
Assets and Liabilities:
- Total Assets: $90,009
- Total Liabilities: $0
- Net Assets: $90,009
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Organization Details
Principal Officer
Nardos King
Main Address
PO Box 9833, WASHINGTON, DC, 200168833
Website
www.dchbcu.orgNTEE Category
Code: B84 - Education
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