Overview
What is African Dream Initiative Inc?
African Dream Initiative Inc, established in Haverstraw, New York, is a dedicated nonprofit organization with a mission to empower future African leaders. They offer a comprehensive support system, providing talented and motivated students from diverse backgrounds with essential elements such as tuition, room and board, medical care, school supplies, and leadership training. This holistic approach equips these students to become influential figures in their own communities, fostering a cycle of success and contributing to a stronger Africa. The organization's headquarters are located at 4110 Southernly Pointe Drive, Haverstraw, NY 10927.
Official website here: www.africandreaminitiative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The African Dream Initiative Inc has received a Two-Star rating from Charity Navigator, which reflects its score of 73%. This rating is primarily based on the organization's accountability and finance, indicating that the charity meets certain standards in these areas. The organization boasts a fully independent board, with 100% of its members being independent, which is a strong point in governance.
The charity demonstrates sound financial practices, evidenced by a low liabilities to assets ratio of 24.72% and a program expense ratio of 100.00%. This suggests that the majority of its expenses are directed towards its programs, highlighting its commitment to utilizing resources effectively for its mission. Additionally, the organization maintains transparency by documenting board meeting minutes.
However, the overall score is derived solely from the accountability and finance metrics, which means that other aspects such as program effectiveness or community impact are not reflected in this rating. While the governance and financial management are commendable, stakeholders may seek further information on the charity's operational effectiveness and outreach impact.
This AI summary has been generated from information found on Charity Navigator.
Is African Dream Initiative Inc legitimate?
African Dream Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. African Dream Initiative 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:
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For more financial information, click here
Official website here: www.africandreaminitiative.org
What is the mission statement of African Dream Initiative Inc?
The African Dream Initiative Inc., in its mission, strives to strengthen Africa by nurturing future leaders from various backgrounds. This is achieved by offering talented and motivated students the necessary skills, education, and resources, enabling them to emerge as influential figures in their communities. This cycle of success, initiated by these leaders, is believed to contribute significantly to a more prosperous Africa. The organization provides essentials such as tuition, accommodation, medical care, school supplies, and leadership training to these students.
Official website here: www.africandreaminitiative.org
What is the revenue of African Dream Initiative Inc?
African Dream Initiative Inc's revenue in 2023 was $40,195.
Official website here: www.africandreaminitiative.org
Who are the executives of African Dream Initiative Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.africandreaminitiative.org
Where can I find the form 990 for African Dream Initiative Inc?
African Dream Initiative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.africandreaminitiative.org
Learn more at the official website: www.africandreaminitiative.org
Mission Statement of African Dream Initiative Inc
African Dream Initiative Inc, with a strong belief in fostering future leaders, is dedicated to building a stronger Africa. Their mission is to identify and nurture talented and motivated individuals from diverse backgrounds, providing them with the necessary skills, education, and resources. This organization believes that by empowering these leaders, they can create a cycle of success in their own communities.
To achieve this mission, African Dream Initiative Inc offers a comprehensive package of support to its students. This includes financial aid, such as covering tuition, room and board, medical care, school supplies, and leadership training. By doing so, they ensure that these future leaders have the necessary tools to excel in their studies and beyond. This holistic approach to education and leadership development is designed to equip these individuals with the skills and confidence they need to make a positive impact in their communities.
In essence, African Dream Initiative Inc is committed to fostering the growth of future African leaders, providing them with the necessary resources to succeed in their own communities. By doing so, they aim to create a cycle of success, where each new generation of leaders contributes to the betterment of their communities and the continent as a whole.
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Impact
October, 2024
African Dream Initiative Inc significantly impacts communities by empowering future African leaders from diverse backgrounds. By offering comprehensive support—including tuition, room and board, medical care, school supplies, and leadership training—this initiative equips talented and motivated students with the essential skills and resources to thrive. The focus on nurturing leadership potential not only enhances individual growth but also fosters a cycle of success that benefits entire communities, ultimately contributing to a stronger and more prosperous Africa.
This information is meant to be a general summary of African Dream Initiative 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 2023.
- Investment Income: $490
- Gross Receipts: $40,195
Assets and Liabilities:
- Total Assets: $45,635
- Total Liabilities: $11,282
- Net Assets: $34,353
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Organization Details
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