Overview
What is Dfree Global Foundation Inc Soaries?
Dfree Global Foundation Inc Soaries is a nonprofit organization situated in Somerset, New Jersey. Their primary mission is to champion financial literacy, aiming to educate and inspire individuals struggling with financial hardship. The organization employs a strategy called "Dfree" Living, offering financial guidance and counseling through educational resources, lectures, and materials. The goal of the Dfree program is to motivate individuals in debt to lead debt-free lives, thereby promoting financial stability and independence. The organization operates with a team of six dedicated individuals.
Official website here: www.billiondollarpaydown.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Dfree Global Foundation Inc Soaries has achieved an impressive score of 96%, illustrating its strong performance in accountability and finance. The organization has excelled in ensuring that its board members are entirely independent, with a full score in related metrics. Additionally, they have maintained high standards in financial oversight, with no material diversions of assets reported, which speaks to their integrity and sound financial practices.
The organization's program expense ratio stands at 87.39%, indicating a strong commitment to channeling the majority of its resources directly into its programs rather than administrative costs. Furthermore, the foundation has demonstrated excellence in its culture and community initiatives, with a perfect score in feedback collection and usage, showcasing its responsiveness to stakeholders and commitment to continuous improvement.
While the data reflects exemplary governance and operational efficiency, ongoing engagement with the community and maintaining transparency will be crucial for sustaining its high ratings. Nonetheless, Dfree Global Foundation stands out as a nonprofit that not only addresses its financial responsibilities effectively but also fosters a culture of accountability and responsiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Dfree Global Foundation Inc Soaries legitimate?
Dfree Global Foundation Inc Soaries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dfree Global Foundation Inc Soaries 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
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Other Salaries and Wages: $308,670
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Official website here: www.billiondollarpaydown.com
What is the mission statement of Dfree Global Foundation Inc Soaries?
Dfree Global Foundation Inc. is committed to promoting financial literacy among the public. Their mission is to inspire individuals in financial crisis to lead debt-free lives. They accomplish this by providing guidance and financial counseling using the D-Free living strategy. The organization supports a grassroots strategy called D-Free living, which educates people about financial literacy through lectures, materials, and educational resources.
Official website here: www.billiondollarpaydown.com
Who is the CEO of Dfree Global Foundation Inc Soaries?
Tamika Stembridge is the Principal Officer of Dfree Global Foundation Inc Soaries.
Official website here: www.billiondollarpaydown.com
What is the revenue of Dfree Global Foundation Inc Soaries?
Dfree Global Foundation Inc Soaries's revenue in 2022 was $1,532,089.
Official website here: www.billiondollarpaydown.com
Who are the executives of Dfree Global Foundation Inc Soaries and what are their salaries?
The average compensation at Dfree Global Foundation Inc Soaries during 2022 was $51,445. There are 6 employees and 175 volunteers at Dfree Global Foundation Inc Soaries.
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Official website here: www.billiondollarpaydown.com
Where can I find the form 990 for Dfree Global Foundation Inc Soaries?
Dfree Global Foundation Inc Soaries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.billiondollarpaydown.com
Learn more at the official website: www.billiondollarpaydown.com
Mission Statement of Dfree Global Foundation Inc Soaries
Dfree Global Foundation Inc Soaries is committed to promoting and educating the public about financial literacy. Their primary goal is to motivate individuals who find themselves in financial crisis to lead debt-free lives. To achieve this, the organization provides guidance and financial counseling using the D-Free Living strategy. This strategy involves educating individuals through lectures, materials, and workshops, equipping them with the necessary skills to manage their finances effectively and lead debt-free lives. The foundation supports a grassroots strategy called DFree Living, which aims to empower individuals to take control of their financial situations and make informed decisions about their financial future.
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Impact
July, 2024
Dfree Global Foundation Inc Soaries's impact lies in its promotion and education of financial literacy, particularly through its D-Free program. This organization effectively motivates individuals in financial crisis to lead debt-free lives by providing guidance and financial counseling using the "D-Free" living strategy. Through grassroots efforts and a strong focus on education, lectures, and materials, Dfree Global Foundation Inc Soaries helps individuals achieve financial stability and independence.
This information is meant to be a general summary of Dfree Global Foundation Inc Soaries. 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: $39
- Program Service Revenue: $92,539
- Gross Receipts: $1,532,089
Assets and Liabilities:
- Total Assets: $349,121
- Total Liabilities: $40,262
- Net Assets: $308,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$92,539
Organization Details
Founding Year
2012
Phone
(732) 839-2492Principal Officer
Tamika Stembridge
Main Address
606 FRANKLIN BLVD SUITE 2, SOMERSET, NJ, 08873
Website
www.billiondollarpaydown.comNTEE Category
Code: P51 - Human services
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