Overview
What is Distinguished Young Women Foundation?
The Distinguished Young Women Foundation, based in Mobile, Alabama, is a nonprofit organization dedicated to recognizing and supporting exceptional young women. Their mission is multifaceted, aiming to motivate, celebrate, and reward leadership, academic excellence, and talent among these young individuals. By providing scholarships and supporting state and regional selection organizations, the foundation seeks to positively impact these young women's lives. With a team of six devoted employees, the Distinguished Young Women Foundation upholds charitable, educational, or literary purposes, contributing to or funding organizations that fall under the 501(C)(3) of the Internal Revenue Code.
Official website here: www.distinguishedyw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Distinguished Young Women Foundation has earned an 88% overall score, reflecting strong accountability and financial management practices. This rating indicates that the organization is well-governed, with a fully independent board and comprehensive financial statements, which are essential indicators of transparency and responsible operations.
The foundation demonstrates solid fiscal health, with a low liabilities-to-assets ratio of 11.48%, suggesting good financial stability. Additionally, the organization allocates a significant portion of its expenses (66.48%) towards its programs, which is a positive sign of its commitment to its mission. The presence of key policies, such as conflict of interest and document retention, further underscores its operational integrity.
However, it is noteworthy that the foundation lacks a whistleblower policy, which may raise concerns about internal accountability measures. Despite this limitation, the overall financial and operational metrics suggest that the Distinguished Young Women Foundation is a responsible organization committed to its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Distinguished Young Women Foundation legitimate?
Distinguished Young Women Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Distinguished Young Women Foundation 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: $94,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,479
For more financial information, click here
Official website here: www.distinguishedyw.org
What is the mission statement of Distinguished Young Women Foundation?
The Distinguished Young Women Foundation aims to positively impact young women by encouraging, promoting, and rewarding their leadership, scholastic achievements, and talents. The organization's mission is to maintain a fund or funds for charitable, religious, scientific, literary, or educational purposes, either directly or through contributions to qualified 501(c)(3) organizations. The foundation's primary goal is to support young women in their personal growth and development, fostering their leadership skills and academic achievements while recognizing their talents.
Official website here: www.distinguishedyw.org
Who is the CEO of Distinguished Young Women Foundation?
Carole Hegwood is the Exec. Comm. of Distinguished Young Women Foundation.
Official website here: www.distinguishedyw.org
What is the revenue of Distinguished Young Women Foundation?
Distinguished Young Women Foundation's revenue in 2022 was $830,118.
Official website here: www.distinguishedyw.org
Who are the executives of Distinguished Young Women Foundation and what are their salaries?
The average compensation at Distinguished Young Women Foundation during 2022 was $38,163. There are 6 employees and 75 volunteers at Distinguished Young Women Foundation.
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Official website here: www.distinguishedyw.org
Where can I find the form 990 for Distinguished Young Women Foundation?
Distinguished Young Women Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.distinguishedyw.org
Learn more at the official website: www.distinguishedyw.org
Mission Statement of Distinguished Young Women Foundation
The Distinguished Young Women Foundation is committed to making a positive impact on young women by encouraging, promoting, and recognizing their leadership abilities, academic achievements, and talents. This nonprofit organization aims to achieve its mission by maintaining a fund or funds, which are exclusively used for charitable, religious, scientific, literary, or educational purposes. The Distinguished Young Women Foundation supports or contributes to organizations that fall under the 501(c)(3) exemption of the Internal Revenue Code, furthering its goal of empowering young women.
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Impact
July, 2024
Distinguished Young Women Foundation positively impacts young women by encouraging, promoting, and rewarding leadership, scholastic achievement, and talent. They select America's Distinguished Young Woman and other educational scholarship winners, provide support for state and regional selection organizations, and maintain a fund for charitable, religious, scientific, literary, or educational purposes. Their focus on youth development empowers young women to reach their full potential and make a difference in their communities.
This information is meant to be a general summary of Distinguished Young Women Foundation. 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: $6
- Program Service Revenue: $96,789
- Gross Receipts: $843,631
Assets and Liabilities:
- Total Assets: $280,902
- Total Liabilities: $32,250
- Net Assets: $248,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$55,831
STATE FRANCHISE FEES
Revenue
$18,764
WEBCAST
Revenue
$9,169
PROGRAM SALES
Revenue
$6,155
BOARD DUES
Revenue
$5,000
Organization Details
Founding Year
2014
Phone
(251) 438-3621Principal Officer
Carole Hegwood
Main Address
751 GOVERNMENT ST, MOBILE, AL, 36602
Website
www.distinguishedyw.orgNTEE Category
Code: O50 - Youth development
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