Overview
What is Forty Acres And A Mule Inc?
Forty Acres And A Mule Inc is a dedicated nonprofit organization situated in Kansas City, Missouri. Their primary objectives encompass providing education for the youth, promoting recreational activities, and developing affordable housing. To contribute towards their mission of affordable housing, they hold a substantial 51% stake in an entity that possesses a minuscule 0.01% interest in a 52-unit senior living community. Moreover, they proactively manage the grounds and other buildings on their property, further supporting their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
Forty Acres And A Mule Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability. The overall score is based solely on its Accountability & Finance metrics, which also reflect a low program expense ratio of 14.18%. This suggests that a smaller portion of the organization's resources is directed towards its programs compared to its administrative and fundraising expenses.
On a positive note, the organization showcases strong governance practices, as evidenced by its perfect scores in areas such as board independence, conflict of interest policy, and document retention. All board members are independent, and there seems to be no material diversion of assets, which reflects a commitment to ethical management.
However, the low program expense ratio raises questions about the effectiveness of the charity's operations and how well it fulfills its mission. Stakeholders may want to consider these financial aspects when evaluating the organization's impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Forty Acres And A Mule Inc legitimate?
Forty Acres And A Mule Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forty Acres And A Mule 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Forty Acres And A Mule Inc?
Forty Acres And A Mule Inc's mission is centered around three key areas: education, recreation, and affordable housing. The organization strives to provide educational opportunities for youth and encourages recreational activities. Additionally, they are involved in developing affordable housing solutions. Forty Acres and A Mule Inc holds a significant stake in an entity that owns a senior living affordable housing community, demonstrating their commitment to this cause. Furthermore, they maintain the grounds and buildings on their property, which aligns with their mission.
What is the revenue of Forty Acres And A Mule Inc?
Forty Acres And A Mule Inc's revenue in 2023 was $27,967.
Who are the executives of Forty Acres And A Mule Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Forty Acres And A Mule Inc?
Forty Acres And A Mule Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Forty Acres And A Mule Inc
Forty Acres and A Mule Inc is an organization dedicated to serving its community through three key areas: education, recreational activities, and affordable housing. The nonprofit's mission is to positively impact the lives of youth and contribute to the development of affordable housing. This is achieved through its ownership of a 0.01% interest in a 52-unit senior living affordable housing community in Kansas City, Missouri. Furthermore, Forty Acres and A Mule Inc takes an active role in maintaining the grounds and other buildings on its property, which aligns with its mission and contributes to the betterment of its community.
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Impact
August, 2024
Forty Acres And A Mule Inc's impact is focused on providing education for youth, facilitating recreational activities, and developing affordable housing. The organization plays a key role in supporting a 52-unit senior living affordable housing community in Kansas City, Missouri. Additionally, they maintain the grounds and buildings on their property, further contributing to their mission. Through these initiatives, Forty Acres And A Mule Inc is making a positive difference in the community by addressing the needs of youth, promoting recreational opportunities, and providing affordable housing options for seniors.
This information is meant to be a general summary of Forty Acres And A Mule 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 2023.
- Program Service Revenue: $19,760
- Gross Receipts: $27,967
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Principal Officer
Michael Hobson
NTEE Category
Code: N70 - Recreation
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