Overview
What is The Neo Fund?
The Neo Fund is a nonprofit organization situated in Gresham, Oregon, with the postal address 1190 SE 22nd CT. Their mission is to uplift impoverished individuals and communities worldwide through sustainable development initiatives, primarily via micro-lending and child aid programs. They collaborate with established local organizations in some of the most underprivileged regions of the developing world to facilitate these projects. Their work is focused on serving the poor, aiming to foster community growth and improve living standards.
Official website here: www.theneofund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 60% overall score)
The Neo Fund has received a Two-Star rating from Charity Navigator, indicating that there are significant areas for improvement in its accountability and financial practices. While the organization shows a solid program expense ratio of 67.37%, suggesting that a good portion of its funds is directed towards its mission, various factors contribute to its overall low score. The absence of independent board members is a notable concern, with 0% reported, which may impact governance and oversight.
Despite some strengths, such as the absence of material diversion of assets and the presence of a conflict of interest policy, The Neo Fund is lacking in essential governance policies, with neither a whistleblower policy nor a document retention policy in place. Additionally, its tax form is not posted on the nonprofit's website, which could hinder transparency efforts. These shortcomings highlight the need for the organization to enhance its governance framework to improve overall accountability.
Overall, while The Neo Fund is effectively using a majority of its funds for programs, the lack of independent oversight and missing policies are critical areas that need addressing. Strengthening these aspects would likely lead to a better rating and greater public confidence in the organization's operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Neo Fund legitimate?
The Neo Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Neo Fund 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: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.theneofund.org
What is the mission statement of The Neo Fund?
The Neo Fund's mission is centered around serving the impoverished communities of the developing world. They achieve this through sustainable community development, utilizing micro-lending and child aid programs. This is carried out in collaboration with established local organizations, ensuring their efforts reach some of the most disadvantaged communities worldwide.
Official website here: www.theneofund.org
Who is the CEO of The Neo Fund?
Ronald Hockley is the Executive Director of The Neo Fund.
Official website here: www.theneofund.org
What is the revenue of The Neo Fund?
The Neo Fund's revenue in 2022 was $74,026.
Official website here: www.theneofund.org
Who are the executives of The Neo Fund and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $2,453
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.theneofund.org
Where can I find the form 990 for The Neo Fund?
The Neo Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theneofund.org
Learn more at the official website: www.theneofund.org
Mission Statement of The Neo Fund
The Neo Fund is dedicated to serving the impoverished communities of the developing world through sustainable community development. They achieve this mission by implementing micro-lending and child-aid programs in collaboration with established local organizations. This nonprofit organization aims to uplift the poor by fostering community growth and development, thereby improving their living standards and opportunities. By working with local organizations, The Neo Fund ensures that its initiatives are tailored to the unique needs and cultures of each community, thereby increasing their chances of success.
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Impact
August, 2024
The Neo Fund's impact is evident in its dedication to serving the poor through sustainable community development initiatives such as micro-lending and child-aid programs. By partnering with established local organizations in some of the most impoverished communities in the developing world, The Neo Fund provides small micro-loans to equip impoverished individuals, thereby empowering them to improve their livelihoods. This impactful work directly addresses the needs of those facing economic challenges and helps create positive change in communities where resources are scarce.
This information is meant to be a general summary of The Neo Fund. 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.
- Gross Receipts: $74,026
Assets and Liabilities:
- Total Assets: $69,327
- Total Liabilities: $235
- Net Assets: $69,092
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Organization Details
Founding Year
2010
Phone
(503) 467-1324Principal Officer
Ronald Hockley
Main Address
1190 SE 22ND CT, GRESHAM, OR, 97080
Website
www.theneofund.orgNTEE Category
Code: P20 - Human services
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