Overview
What is Minerva Education And Development Foundation?
The Minerva Education and Development Foundation is a nonprofit organization situated in the Metropolitan Detroit area. Its primary objective is to promote community growth by offering support and services in the domains of educational development and community services. The foundation accomplishes this through various programs, including soliciting general public donations. Its mission is centered around fostering community development through educational initiatives and community-focused services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Minerva Education and Development Foundation has received a rating of 73%, translating to a Two-Star status. This score is primarily derived from its Accountability & Finance metrics, indicating a focus on transparent and responsible financial practices. With a perfect score in several categories, including having a fully independent board and the absence of asset diversion, the organization demonstrates a strong commitment to governance.
Strengths highlighted in the evaluation include a high program expense ratio of 76.80%, suggesting that a significant portion of funds is directly invested in its programs. Additionally, the board of directors is entirely independent, which is critical for maintaining unbiased oversight. The organization effectively documents board meetings, further showcasing its dedication to transparency.
However, the overall rating of Two-Stars indicates that while the foundation excels in accountability, there may be areas for improvement that could enhance its overall impact and efficacy. Further context about operational effectiveness or outcomes could provide a more comprehensive view of the foundation's performance.
This AI summary has been generated from information found on Charity Navigator.
Is Minerva Education And Development Foundation legitimate?
Minerva Education And Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minerva Education And Development 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.
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What is the mission statement of Minerva Education And Development Foundation?
The Minerva Education and Development Foundation is dedicated to supporting and serving the Metropolitan Detroit community, specifically focusing on educational development and community services. Their mission is to foster community growth by offering necessary aid and resources in these areas. The foundation provides various programs, including soliciting general public donations, to contribute to the betterment of the community.
Who is the CEO of Minerva Education And Development Foundation?
Gwendolyn Prater is the President of Minerva Education And Development Foundation.
What is the revenue of Minerva Education And Development Foundation?
Minerva Education And Development Foundation's revenue in 2022 was $103,426.
Who are the executives of Minerva Education And Development Foundation 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 Minerva Education And Development Foundation?
Minerva Education And Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minerva Education And Development Foundation
The Minerva Education and Development Foundation is committed to supporting and serving the Metropolitan Detroit community in the realms of educational development and community services. Its mission is geared towards fostering community growth by providing vital assistance in these two crucial areas. The foundation accomplishes this goal through various programs, with a notable mention being the acceptance of general public donations. By investing in educational development and community services, the Minerva Education and Development Foundation aims to contribute to the betterment of the Metropolitan Detroit community.
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Impact
October, 2024
Minerva Education and Development Foundation significantly impacts the Metropolitan Detroit community by enhancing educational opportunities and providing vital community services. By fostering educational development, the foundation creates pathways for individuals to improve their skills and knowledge, ultimately contributing to personal and community growth.
Through its various programs, the foundation facilitates general public donations that help support educational initiatives, ensuring that resources are available to those in need. This support not only improves access to education but also encourages community engagement and collaboration. By focusing on both educational and community service aspects, Minerva plays a crucial role in nurturing an environment where individuals can thrive, thus fostering long-term community improvement and resilience.
This information is meant to be a general summary of Minerva Education And Development 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: $76,903
- Gross Receipts: $103,426
Assets and Liabilities:
- Total Assets: $590,788
- Total Liabilities: $0
- Net Assets: $590,788
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDRAISING
Revenue
$76,903
Organization Details
Founding Year
1992
Phone
(313) 438-6333Principal Officer
Gwendolyn Prater
Main Address
PO BOX 21655, DETROIT, MI, 48221
NTEE Category
Code: S80Z - Community improvement
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