Overview
What is Greater Fort Lauderdale Alliance Foundation Inc?
Greater Fort Lauderdale Alliance Foundation Inc, located in Fort Lauderdale, Florida, is a nonprofit organization dedicated to fostering an economic environment that offers quality opportunities, particularly high-paying jobs in target industries, within Broward County. The foundation, with a team of three employees, carries out its mission by supporting various initiatives aimed at promoting scientific, literary, educational, and charitable causes, all in line with a strategic plan for economic development. Notably, the organization has completed a labor market workforce skills gap analysis to assess the local workforce's skills and identify the required training to enhance job prospects, meeting the needs of local employers.
Official website here: www.gflalliance.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Greater Fort Lauderdale Alliance Foundation Inc has received a "Needs Improvement" rating from Charity Navigator, reflecting a score of 73%. While the organization excels in several areas such as accountability and finance, achieving a perfect score of 100%, there are significant concerns regarding its governance practices. The foundation has a strong independent board and maintains clear financial statements, indicating a level of transparency and oversight.
However, the foundation also shows some critical limitations, particularly in its policies and documentation practices. Notably, it lacks a whistleblower policy and a document retention and destruction policy, both of which are essential for organizational integrity. Additionally, the absence of its tax form on the nonprofit's website raises concerns about accessibility and transparency for stakeholders.
Financially, the organization performs well with a program expense ratio of 93.85%, indicating that a significant portion of its budget is directed toward its programs. Nevertheless, the liabilities to assets ratio is concerning at 85.56%, which may indicate potential financial stability issues moving forward. Overall, while the foundation demonstrates strengths in governance and program spending, it must address its policy gaps and financial ratios to improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Fort Lauderdale Alliance Foundation Inc legitimate?
Greater Fort Lauderdale Alliance Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Fort Lauderdale Alliance 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: $519,436
For more financial information, click here
Official website here: www.gflalliance.org/foundation
What is the mission statement of Greater Fort Lauderdale Alliance Foundation Inc?
The Greater Fort Lauderdale Alliance Foundation's mission is centered around enhancing the lives of its residents. The organization strives to create an environment that provides access to quality opportunities, with a particular focus on higher-paying jobs in targeted industries. To accomplish this, they support various initiatives aligned with a strategic plan for economic development. The foundation is established with a mandate to promote scientific, literary, educational, and charitable purposes, contributing to the betterment of the community. Recently, they completed a labor market workforce skills gap analysis to evaluate the local workforce, identifying the skills of the workforce and the necessary training required to improve the employability of those seeking jobs to meet the needs of employers.
Official website here: www.gflalliance.org/foundation
Who is the CEO of Greater Fort Lauderdale Alliance Foundation Inc?
Robert Swindell is the President of Greater Fort Lauderdale Alliance Foundation Inc.
Official website here: www.gflalliance.org/foundation
What is the revenue of Greater Fort Lauderdale Alliance Foundation Inc?
Greater Fort Lauderdale Alliance Foundation Inc's revenue in 2022 was $1,011,005.
Official website here: www.gflalliance.org/foundation
Who are the executives of Greater Fort Lauderdale Alliance Foundation Inc and what are their salaries?
The average compensation at Greater Fort Lauderdale Alliance Foundation Inc during 2022 was $173,145. There are 3 employees at Greater Fort Lauderdale Alliance Foundation Inc.
Here are 10 key members and their salaries:
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Official website here: www.gflalliance.org/foundation
Where can I find the form 990 for Greater Fort Lauderdale Alliance Foundation Inc?
Greater Fort Lauderdale Alliance Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gflalliance.org/foundation
Learn more at the official website: www.gflalliance.org/foundation
Mission Statement of Greater Fort Lauderdale Alliance Foundation Inc
Greater Fort Lauderdale Alliance Foundation Inc is dedicated to enhancing the lives of residents within its community by supporting various initiatives that contribute to a strategic plan for economic development. The foundation's primary mission is to create an environment where residents have access to high-quality job opportunities in targeted industries. It is organized to promote scientific, literary, educational, and charitable purposes, working tirelessly to improve the economic climate for the betterment of the community. The foundation's efforts are focused on identifying and addressing the skills gap within the workforce, including analyzing the current skills of the workforce and determining the necessary training required to equip job seekers with the skills needed to meet the demands of employers.
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Impact
July, 2024
The Greater Fort Lauderdale Alliance Foundation Inc is making a significant impact in Broward County by striving to create an economic climate where residents have access to quality opportunities, particularly focusing on higher-paying jobs in target industries. Through initiatives to support a strategic plan for economic development, the foundation aims to improve the lives of residents within the county. One of their key accomplishments includes the completion of a labor market workforce skills gap analysis, which evaluated the area's workforce and identified the training needed to enhance skills and meet the demands of employers. By addressing these critical issues, the foundation is actively contributing to the enhancement of the community and fostering economic growth in Broward County.
This information is meant to be a general summary of Greater Fort Lauderdale Alliance 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.
- Gross Receipts: $1,011,005
Assets and Liabilities:
- Total Assets: $594,316
- Total Liabilities: $508,549
- Net Assets: $85,767
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Organization Details
Founding Year
2014
Phone
(954) 627-0131Principal Officer
Robert Swindell
Main Address
110 E BROWARD BLVD 1990, FORT LAUDERDALE, FL, 33301
NTEE Category
Code: S30 - Community improvement
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