Overview
What is Demolay Foundation Inc?
Demolay Foundation Inc, located in Kansas City, Missouri, is a nonprofit organization primarily dedicated to offering scholarships and leadership opportunities for youth engaged in Demolay. With a focus on service, leadership, need, and academics, they provide financial assistance through grants. Their mission is to empower young individuals, fostering their growth and development beyond educational pursuits. The Foundation's activities extend beyond scholarships, encompassing various leadership opportunities for Demolay members.
Official website here: www.demolay.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43% (Zero-Star out of Four Star rating)
The Demolay Foundation Inc has received a low rating of 43% from Charity Navigator, resulting in a Zero-Star rating primarily due to its accountability and finance practices. The charity scored well in several governance aspects, such as having a fully independent board and no material diversion of assets. However, significant weaknesses in financial management are evident, particularly the low program expense ratio of 28.08%, indicating that a substantial portion of funds may not be directed toward their intended programs.
The foundation's accountability measures include a conflict of interest policy and published board meeting minutes, but it lacks essential policies on whistleblower protections and document retention, which negatively impacted its score. Additionally, the liabilities to assets ratio is concerning at 0.19%, implying potential financial instability. This raises questions about the organization's capacity to efficiently utilize its resources for its mission.
Despite the strong governance attributes, the low financial health indicators suggest that potential donors and supporters should proceed with caution. Transparency and effective resource allocation are critical for nonprofit success, and the Demolay Foundation Inc needs to address these areas to improve its standing and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Demolay Foundation Inc legitimate?
Demolay Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Demolay 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:
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Professional Fundraising Fees: $134,899
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Official website here: www.demolay.org
What is the mission statement of Demolay Foundation Inc?
The Demolay Foundation Inc's mission is centered around providing opportunities for youth involved in Demolay. Specifically, they aim to offer scholarships and leadership programs to these young individuals. Their scholarship program is merit-based, considering factors such as service, leadership, need, and academic performance. The foundation also supports Demolay International financially. This support is extended through grants, furthering the organization's objectives.
Official website here: www.demolay.org
Who is the CEO of Demolay Foundation Inc?
James Mcgee is the Trustee of Demolay Foundation Inc.
Official website here: www.demolay.org
What is the revenue of Demolay Foundation Inc?
Demolay Foundation Inc's revenue in 2022 was $200,869.
Official website here: www.demolay.org
Who are the executives of Demolay Foundation Inc and what are their salaries?
There 500 volunteers at Demolay Foundation Inc.
Here are 9 key members and their salaries:
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Official website here: www.demolay.org
Where can I find the form 990 for Demolay Foundation Inc?
Demolay Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.demolay.org
Learn more at the official website: www.demolay.org
Mission Statement of Demolay Foundation Inc
Demolay Foundation Inc is dedicated to providing scholarships and leadership opportunities for youth involved in Demolay. Their mission is to offer financial aid and leadership prospects based on service, leadership potential, need, and academic performance. By granting scholarships, Demolay Foundation Inc supports the educational pursuits of young individuals engaged in Demolay activities, fostering their growth and development.
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Impact
October, 2024
Demolay Foundation Inc significantly impacts the lives of young individuals engaged in the DeMolay organization by providing essential scholarships and leadership opportunities. Through its scholarship program, the foundation awards grants based on service, leadership, need, and academic performance, enabling youth to further their education and personal development. This support not only helps alleviate the financial burden of educational expenses but also fosters a culture of leadership and responsibility among young people, preparing them for future challenges. By focusing on youth development, the foundation empowers the next generation to excel and make meaningful contributions to their communities.
This information is meant to be a general summary of Demolay 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: $98,202
- Gross Receipts: $202,385
Assets and Liabilities:
- Total Assets: $6,640,461
- Total Liabilities: $13,073
- Net Assets: $6,627,388
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Organization Details
Founding Year
1948
Phone
(816) 891-8333Principal Officer
James Mcgee
Main Address
10200 NW AMBASSADOR DRIVE, KANSAS CITY, MO, 64153
Website
www.demolay.orgNTEE Category
Code: O500 - Youth development
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