Overview
What is Coleman A Young Foundation?
The Coleman A Young Foundation, situated in Detroit, Michigan, is a compact nonprofit organization with a dedicated team of two individuals. Their primary mission is to offer college scholarships to high school students, aiming to empower the next generation with higher education opportunities. Although specific details on their broader activities or reach beyond local Detroit schools are not provided, their primary focus on scholarship programs indicates their commitment to fostering education and upward mobility for young individuals.
Official website here: www.cayf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating.
The Coleman A Young Foundation has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating reflects the foundation’s excellent management practices, particularly noteworthy is the independence of its board members, with 100% of them being independent and a sizable board of 22 members. The absence of material diversion of assets further strengthens its financial accountability.
Strengths highlighted include a commendable program expense ratio of 68.90%, which suggests that a significant portion of its resources is directed towards its charitable programs. The foundation also scores well on having essential policies in place, such as a conflict of interest policy and published board meeting minutes. However, it is important to note the absence of a whistleblower policy and document retention and destruction policies, which are considered limitations in its governance practices.
Overall, while the Coleman A Young Foundation demonstrates a strong commitment to transparency and effective financial management, it could enhance its governance framework by addressing the noted policy gaps. This balanced approach will further bolster stakeholder confidence and support for its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Coleman A Young Foundation?
94% of six reviewers on Facebook recommend the Coleman A Young Foundation. Here’s a summary of their thoughts:
Many reviewers highlight the foundation's ongoing dedication to supporting college-bound youth through robust financial assistance and mentoring programs. The sentiment conveyed reflects a strong belief in the organization's commitment to fostering positive growth and opportunities for young individuals.
Overall, supporters express appreciation for the foundation’s impactful contributions, recognizing its role in shaping a brighter future for students. The positivity in the reviews suggests that the Coleman A Young Foundation effectively fulfills its mission and continues to inspire confidence within the community.
This AI summary has been generated from reviews found on Facebook.
Is Coleman A Young Foundation legitimate?
Coleman A Young Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coleman A Young 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: $93,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,270
For more financial information, click here
Official website here: www.cayf.org
What is the mission statement of Coleman A Young Foundation?
The Coleman A Young Foundation is committed to providing college scholarships for high school students. This mission is aimed at supporting the educational aspirations of young individuals, enabling them to pursue higher education and potentially shape their futures. The foundation's activities are primarily focused on offering financial aid, thereby reducing the financial burden often associated with higher education. This initiative not only empowers the students but also contributes to fostering a well-educated society.
Official website here: www.cayf.org
Who is the CEO of Coleman A Young Foundation?
Khary Turner is the Executive Di of Coleman A Young Foundation.
Official website here: www.cayf.org
What is the revenue of Coleman A Young Foundation?
Coleman A Young Foundation's revenue in 2022 was $70,752.
Official website here: www.cayf.org
Who are the executives of Coleman A Young Foundation and what are their salaries?
The average compensation at Coleman A Young Foundation during 2022 was $84,217. There are 2 employees and 8 volunteers at Coleman A Young Foundation.
Here are 23 key members and their salaries:
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Official website here: www.cayf.org
Where can I find the form 990 for Coleman A Young Foundation?
Coleman A Young Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cayf.org
Learn more at the official website: www.cayf.org
Mission Statement of Coleman A Young Foundation
The Coleman A Young Foundation, named after the renowned former Mayor of Detroit, is committed to a noble mission. At its core, this nonprofit organization focuses on providing college scholarships to high school students. This mission is geared towards empowering young individuals by investing in their higher education, thereby opening doors to a multitude of opportunities and a brighter future. By offering these scholarships, the foundation is not just funding tuition fees, but is also investing in the dreams and aspirations of these students, supporting them in their pursuit of knowledge and personal growth.
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Impact
August, 2024
The Coleman A Young Foundation has a significant impact on the community by providing college scholarships to high school students in Detroit, Michigan. Through this initiative, the foundation helps students pursue higher education opportunities that may have otherwise been out of reach. By supporting these students in their academic endeavors, the foundation is contributing to the development of future leaders and professionals who can positively impact society. This focus on education aligns with the foundation's mission to empower young individuals and promote educational advancement in the community.
This information is meant to be a general summary of Coleman A Young 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.
- Investment Income: -$204,551
- Gross Receipts: $70,752
Assets and Liabilities:
- Total Assets: $1,171,597
- Total Liabilities: $76,976
- Net Assets: $1,094,621
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Organization Details
Principal Officer
Khary Turner
Main Address
7650 2ND AVENUE SUITE 206, DETROIT, MI, 48202
Website
www.cayf.orgNTEE Category
Code: B82 - Education
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