Overview
What is Street Fraternity Inc?
Street Fraternity Inc is a nonprofit organization primarily focused on serving urban young men aged between 14 and 25 years old. Operating from Monday to Thursday, between 4/5 pm and 9/10 pm, they offer a space and time for around 30 to 50 young men to engage in activities. The organization's mission is to foster a sense of brotherhood and facilitate personal growth within this age group. By providing this safe and welcoming environment, Street Fraternity Inc aims to contribute positively to the development and well-being of these young men.
Official website here: www.streetfraternityusa.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star
Street Fraternity Inc has received a 1-Star out of Four Star rating from Charity Navigator, indicating concerns regarding its accountability and financial practices. The charity scored 58% overall, which reflects some strong governance practices, such as having a majority of independent board members and no reported material diversion of assets. However, significant deficiencies were noted, particularly the absence of key policies like a whistleblower policy and document retention procedures.
The organization demonstrates a high program expense ratio of 74.41%, indicating that a substantial portion of its expenses goes directly towards its charitable programs. This is a positive aspect, suggesting that the charity is focused on fulfilling its mission. Furthermore, the board structure shows a commitment to independence, which is essential for effective governance.
Nonetheless, financial health raised red flags, particularly with the liabilities to assets ratio at 84.16%, which may indicate potential financial instability. The absence of important financial documents on the nonprofit's website further complicates transparency and accountability. Overall, while Street Fraternity Inc shows promise in certain governance areas, there are critical improvements needed in financial practices and policy implementation for better accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Street Fraternity Inc legitimate?
Street Fraternity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Street Fraternity 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: $97,003
Professional Fundraising Fees: $0
Other Salaries and Wages: $252,603
For more financial information, click here
Official website here: www.streetfraternityusa.org/
What is the mission statement of Street Fraternity Inc?
Street Fraternity Inc's mission is centered around providing a nurturing environment for urban young men between the ages of 14 and 25. Their primary objective is to foster a sense of brotherhood and facilitate personal growth within this age group. The organization meets this need by offering a dedicated space and time during after-school and after-work hours, specifically from 4/5pm to 9/10pm, on Mondays to Thursdays. Approximately 30 to 50 young men participate in these activities, benefiting from the fellowship and growth opportunities provided by Street Fraternity Inc.
Official website here: www.streetfraternityusa.org/
Who is the CEO of Street Fraternity Inc?
Yoal Ghebremeskel is the Executive Dir. of Street Fraternity Inc.
Official website here: www.streetfraternityusa.org/
What is the revenue of Street Fraternity Inc?
Street Fraternity Inc's revenue in 2022 was $876,089.
Official website here: www.streetfraternityusa.org/
Who are the executives of Street Fraternity Inc and what are their salaries?
The average compensation at Street Fraternity Inc during 2022 was $174,803. There are 2 employees and 30 volunteers at Street Fraternity Inc.
Here are 6 key members and their salaries:
- Compensation: $97,003
- Related: $0
- Other: $0
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- 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.streetfraternityusa.org/
Where can I find the form 990 for Street Fraternity Inc?
Street Fraternity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.streetfraternityusa.org/
Learn more at the official website: www.streetfraternityusa.org/
Mission Statement of Street Fraternity Inc
Street Fraternity Inc is committed to offering a conducive environment and opportunities for personal growth to urban young men between the ages of 14 and 25. The organization's mission is to foster a sense of brotherhood among these young men, providing them with a safe and engaging space during their after-school and after-work hours. Street Fraternity Inc operates from Monday to Thursday, between 4/5 pm and 9/10 pm, and attracts approximately 30 to 50 participants.
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Impact
July, 2024
Street Fraternity Inc provides a vital space for urban young men in Denver, Colorado, offering a place of brotherhood and personal growth. Through their after-school and after-work programs, they serve a crucial role in the lives of 30-50 young men aged 14 to 25 years old. With a focus on creating a sense of community and providing opportunities for personal development, Street Fraternity Inc is making a significant impact on the lives of these young men, particularly in addressing issues related to crime and providing positive alternatives.
This information is meant to be a general summary of Street Fraternity 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: $1,288
- Gross Receipts: $876,089
Assets and Liabilities:
- Total Assets: $1,201,988
- Total Liabilities: $1,011,655
- Net Assets: $190,333
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Organization Details
Founding Year
2012
Phone
(720) 227-7317Principal Officer
Yoal Ghebremeskel
Main Address
8720 E Colfax Ave 100, Denver, CO, 80220
Website
www.streetfraternityusa.org/NTEE Category
Code: I21 - Crime
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