Overview
What is Unfcu Foundation Inc?
Unfcu Foundation Inc is a charitable organization, situated in Long Island City, New York, that focuses on alleviating poverty through education, healthcare, and skill development initiatives, particularly for women and youth. They accept grant applications annually in June and, during 2022, approved 21 projects that aligned with their mission. These projects included supporting low-income women in attaining their high school equivalency degrees, expanding educational opportunities in rural Uganda, and empowering women in Brooklyn through college access programs and various welfare services. In December 2022, they distributed funds totaling $1,020,443 to these projects, reinforcing their commitment to breaking the cycle of poverty.
Official website here: www.unfcufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Stars
The Unfcu Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. This rating is derived from a perfect score in the Accountability & Finance category, reflecting the organization's transparency and effective governance practices. The foundation has demonstrated excellent management of its financial resources, with a program expense ratio of 88.67%, ensuring that a significant portion of its funding directly supports its mission.
Strengths highlighted in the rating include an independent board structure, with all eight members being independent, and robust financial oversight measures in place, such as a fully operational Audit and Oversight Committee. Furthermore, the foundation adheres to best practices regarding conflict of interest and whistleblower policies, suggesting a culture of integrity and accountability within the organization.
While there are no noted limitations in the data provided, the overall high scores speak to the foundation's effective management and operational transparency. These attributes make Unfcu Foundation Inc a trustworthy organization for potential donors and stakeholders looking to support nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Unfcu Foundation Inc legitimate?
Unfcu Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unfcu 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.
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Official website here: www.unfcufoundation.org
What is the mission statement of Unfcu Foundation Inc?
The mission of Unfcu Foundation Inc is centered around reducing poverty, primarily focusing on education, healthcare programs, and livelihood training. This initiative is particularly targeted towards empowering women and youth. The foundation accepts grant applications from eligible nonprofit organizations during June each year. In 2022, the foundation reviewed and approved grants for 21 projects that aligned with its mission, distributing a total of $1,020,443 in funds. Examples of these projects include Grace Outreach's high school equivalency program for low-income women and Building Tomorrow's initiative to provide foundational learning opportunities for children in rural Uganda. Another recipient, YWCA Brooklyn, utilizes its programs to empower women by providing college access, leadership development, and various other support services.
Official website here: www.unfcufoundation.org
Who is the CEO of Unfcu Foundation Inc?
Yma Gordon is the Executive Director of Unfcu Foundation Inc.
Official website here: www.unfcufoundation.org
What is the revenue of Unfcu Foundation Inc?
Unfcu Foundation Inc's revenue in 2022 was $1,094,120.
Official website here: www.unfcufoundation.org
Who are the executives of Unfcu Foundation Inc and what are their salaries?
There 62 volunteers at Unfcu Foundation Inc.
Here are 11 key members and their salaries:
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Official website here: www.unfcufoundation.org
Where can I find the form 990 for Unfcu Foundation Inc?
Unfcu Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unfcufoundation.org
Learn more at the official website: www.unfcufoundation.org
Mission Statement of Unfcu Foundation Inc
Unfcu Foundation Inc is dedicated to reducing poverty, primarily among women and youth, through education, healthcare programs, and livelihood training. The organization's mission is to provide opportunities that help individuals sustain a path out of poverty. To accomplish this, Unfcu Foundation Inc accepts grant applications from eligible nonprofit organizations, both within the United States and those working with UN entities globally.
In 2022, the foundation reviewed several grant applications and approved 21 projects that aligned with its mission. These projects included initiatives like Grace Outreach, which aims to provide high school equivalency degrees to low-income women, enabling them to explore improved college and career options. Additionally, Building Tomorrow, a locally-led social impact organization, works to ensure children in rural Uganda have access to fundamental learning opportunities. Unfcu Foundation Inc also supports YWCA Brooklyn, which provides a holistic college access and leadership program for youth, services for immigrant women, and initiatives focused on domestic violence prevention, anti-racism, civic engagement, and women's health and wellness.
By supporting these and other projects, Unfcu Foundation Inc is committed to empowering women and youth, helping them break the cycle of poverty and build a brighter future for themselves and their communities.
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Impact
July, 2024
Unfcu Foundation Inc's impact can be seen through its efforts to reduce poverty by focusing on education, healthcare programs, and livelihood training, particularly for women and youth. In 2022, the foundation reviewed 31 grant applications and approved 21 projects that aligned with its mission, totaling over $1 million in funds distributed.
For example, the foundation supported programs such as Grace Outreach, which helps low-income women gain their high school equivalency degrees to improve their college and career options. Another supported organization, Building Tomorrow, works to ensure children in rural Uganda have access to foundational learning opportunities. Additionally, YWCA Brooklyn provides a holistic college access and leadership program for youth, services for immigrant women, and initiatives aimed at empowerment and wellness.
These initiatives demonstrate Unfcu Foundation Inc's commitment to providing opportunities for education, healthcare, and skill development to those most in need, ultimately working towards breaking the cycle of poverty and empowering marginalized communities.
This information is meant to be a general summary of Unfcu 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.
- Investment Income: $2,044
- Gross Receipts: $1,125,276
Assets and Liabilities:
- Total Assets: $579,768
- Total Liabilities: $54,968
- Net Assets: $524,800
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Organization Details
Founding Year
2014
Phone
(844) 279-9970Principal Officer
Yma Gordon
Main Address
24-01 44TH ROAD, LONG ISLAND CITY, NY, 11101
Website
www.unfcufoundation.orgNTEE Category
Code: B90 - Education
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