Overview
What is Beta Psi Lambda House Of Alpha Foundation Inc?
Beta Psi Lambda House of Alpha Foundation Inc, situated in Los Angeles, California, serves as a hub for local community and charitable organizations. Their primary mission revolves around offering youth mentorship and engaging in community service activities. The foundation also provides a suitable venue for these organizations to conduct their operations. Furthermore, they offer annual scholarship awards and events to support high school graduates in the local area. The foundation's purpose demonstrates a commitment to nurturing young minds and fostering a sense of community involvement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13%
Beta Psi Lambda House Of Alpha Foundation Inc has received a low rating of 13%, indicating significant concerns regarding its accountability and financial practices. The organization has been awarded a Zero-Star out of Four Star rating, which suggests that it may not meet the transparency expectations typically valued by donors. A critical weakness is the complete lack of independent board members, which raises questions about governance and oversight.
The foundation does not have essential policies in place, such as conflict of interest or whistleblower policies, which are vital for maintaining ethical standards and protecting stakeholders. Additionally, the charity's website was not listed on its tax form, and it failed to post its tax documents online, limiting public access to important financial information. While the organization does document board meeting minutes, the absence of other critical documents reflects poorly on its operational transparency.
On a positive note, the charity has reported no material diversion of assets, indicating that it has not misappropriated funds. However, the overall lack of financial health, as evidenced by a program expense ratio of 0.00%, raises concerns about its effectiveness and impact. For potential donors, these issues highlight significant risks in supporting this organization.
This AI summary has been generated from information found on Charity Navigator.
Is Beta Psi Lambda House Of Alpha Foundation Inc legitimate?
Beta Psi Lambda House Of Alpha Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beta Psi Lambda House Of Alpha 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: $0
Other Salaries and Wages: $0
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What is the mission statement of Beta Psi Lambda House Of Alpha Foundation Inc?
The Beta Psi Lambda House of Alpha Foundation Inc's mission is centered around two primary objectives. Firstly, it aims to offer youth mentorship, providing guidance and support to young individuals. Secondly, the foundation serves as a gathering place for local community and charitable organizations, fostering a sense of unity and collaboration. Beyond these two main objectives, the foundation also presents annual scholarship awards and organizes events for local high school graduates, contributing to their educational achievements.
Who is the CEO of Beta Psi Lambda House Of Alpha Foundation Inc?
Unavailable
What is the revenue of Beta Psi Lambda House Of Alpha Foundation Inc?
Beta Psi Lambda House Of Alpha Foundation Inc's revenue in 2022 was $60,937.
Who are the executives of Beta Psi Lambda House Of Alpha Foundation Inc and what are their salaries?
There 9 volunteers at Beta Psi Lambda House Of Alpha Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Beta Psi Lambda House Of Alpha Foundation Inc?
Beta Psi Lambda House Of Alpha Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beta Psi Lambda House Of Alpha Foundation Inc
Beta Psi Lambda House of Alpha Foundation Inc is a dedicated organization committed to two primary objectives. Firstly, it focuses on providing youth mentorship, offering guidance and support to young individuals in need. Secondly, the foundation serves as a hub for local community and charitable organizations, providing them with a meeting place. By doing so, it fosters a sense of unity and collaboration within the community.
In line with its mission, the foundation annually awards scholarships to local high school graduates. This initiative not only recognizes academic achievements but also invests in the future of these young individuals, empowering them to pursue their dreams and contribute positively to society. Additionally, Beta Psi Lambda House of Alpha Foundation Inc organizes events to celebrate these graduates, fostering a sense of pride and motivation among the recipients.
In essence, Beta Psi Lambda House of Alpha Foundation Inc is a beacon of support for youth and the local community. Through its youth mentorship programs and provision of a meeting place for charitable organizations, it seeks to empower the next generation and foster a sense of unity within its community.
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Impact
August, 2024
Beta Psi Lambda House Of Alpha Foundation Inc's impact is evident through its dedicated commitment to providing youth mentorship and community service in Los Angeles, California. By offering a meeting place for local community and charitable organizations, the foundation serves as a hub for collaboration and support within the community. Their annual scholarship awards and events for local high school graduates contribute to the academic and professional success of young individuals in the area. Through their mission to provide youth mentorship and community service, Beta Psi Lambda House Of Alpha Foundation Inc plays a crucial role in promoting human services and fostering a sense of community among its members and beneficiaries.
This information is meant to be a general summary of Beta Psi Lambda House Of Alpha 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.
- Program Service Revenue: $46,083
- Gross Receipts: $65,808
Assets and Liabilities:
- Total Assets: $36,676
- Total Liabilities: $0
- Net Assets: $36,676
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Organization Details
Founding Year
2012
Phone
(732) 778-8080Main Address
3712 W 54th Street, Los Angeles, CA, 90043
NTEE Category
Code: P20 - Human services
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