Overview
What is The 1926 Foundation Inc?
The 1926 Foundation Inc, situated in Philadelphia, Pennsylvania, is a nonprofit organization committed to supporting the service needs of their local community. They annually participate in a Day of Sharing, channeling resources towards organizations whose missions resonate with their dedication to aiding individuals from various backgrounds. Additionally, the foundation extends its support by granting scholarship assistance to high school and college students who aspire to further their education. Furthermore, they recognize and acknowledge outstanding service provided by organizations that make a positive impact in the community. The foundation's mission is intrinsically linked with the Omega Omega chapter of Alpha Kappa Alpha Sorority, Inc.
Official website here: www.the1926foundationinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The 1926 Foundation Inc has received a low rating of 56%, indicating significant concerns regarding its accountability and financial practices. The organization's Board lacks independent members, scoring 0 out of 10 in that area, which raises questions about the governance and oversight of its activities. Additionally, the absence of essential policies such as conflict of interest and whistleblower protections contributes to its limited accountability.
On a positive note, the foundation demonstrates strong financial health with a program expense ratio of nearly 84%, suggesting that a significant portion of its expenditures directly supports its programs. Moreover, it has successfully maintained a 0% liabilities to assets ratio, reflecting good fiscal management in terms of asset retention.
However, the foundation faces criticism for not providing necessary transparency measures, such as posting tax forms on its website and lacking key governance policies. These limitations highlight areas for improvement that could enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The 1926 Foundation Inc legitimate?
The 1926 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 1926 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:
Executive Compensation: $0
Professional Fundraising Fees: $3,619
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.the1926foundationinc.com
What is the mission statement of The 1926 Foundation Inc?
The 1926 Foundation Inc's mission is primarily focused on two key areas. Firstly, it aims to support the initiatives of the Omega Omega chapter of Alpha Kappa Alpha Sorority, Inc. Secondly, the foundation offers scholarship assistance to high school and college students who are planning to pursue higher education or are currently enrolled. In addition, the foundation extends its support to organizations that provide outstanding services, contributing positively to their communities. This is evident through their Annual Day of Sharing event, which provides assistance to organizations whose missions align with the foundation's commitment to helping individuals from various backgrounds.
Official website here: www.the1926foundationinc.com
Who is the CEO of The 1926 Foundation Inc?
Brenda Johnson is the President of The 1926 Foundation Inc.
Official website here: www.the1926foundationinc.com
What is the revenue of The 1926 Foundation Inc?
The 1926 Foundation Inc's revenue in 2022 was $52,422.
Official website here: www.the1926foundationinc.com
Who are the executives of The 1926 Foundation Inc and what are their salaries?
Here are 18 key members and their salaries:
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Official website here: www.the1926foundationinc.com
Where can I find the form 990 for The 1926 Foundation Inc?
The 1926 Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.the1926foundationinc.com
Learn more at the official website: www.the1926foundationinc.com
Mission Statement of The 1926 Foundation Inc
The 1926 Foundation, in its mission, focuses on supporting the initiatives of the Omega Omega chapter of Alpha Kappa Alpha Sorority, Inc., while simultaneously providing scholarship assistance to high school and college students who aspire to further their education. This nonprofit organization extends its support to students who are already enrolled in college, aiming to alleviate financial burdens and empower them to pursue their academic goals. In addition to its commitment towards education, The 1926 Foundation also recognizes the outstanding service provided by organizations that contribute positively to their communities. The foundation extends its support to such organizations, acknowledging their efforts in making a difference in people's lives. The Annual Day of Sharing is one such initiative, which provides aid to organizations whose missions align with the foundation's commitment to assisting individuals from diverse backgrounds, thereby contributing to the overall well-being of the Philadelphia community.
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Impact
August, 2024
The 1926 Foundation Inc, based in Philadelphia, PA, is making a significant impact by providing scholarship assistance to high school and college students pursuing higher education. Additionally, the organization supports outstanding service provided by community organizations that make positive differences in the community. Through initiatives like the Annual Day of Sharing, the foundation offers valuable support to organizations addressing service needs in Philadelphia. Their commitment to helping individuals from all backgrounds aligns with their mission to support the programs of the Omega Omega of Alpha Kappa Alpha Sorority, Inc. The foundation's focus on education and community service is exemplified by their dedication to empowering students and organizations to thrive and make a difference.
This information is meant to be a general summary of The 1926 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: $16
- Program Service Revenue: $10,000
- Gross Receipts: $52,422
Assets and Liabilities:
- Total Assets: $217,240
- Total Liabilities: $20
- Net Assets: $217,220
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Organization Details
Founding Year
2011
Phone
(215) 802-4546Principal Officer
Brenda Johnson
Main Address
3900 FORD RD UNIT 18G, PHILADELPHIA, PA, 19131
Website
www.the1926foundationinc.comNTEE Category
Code: B60 - Education
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