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Nick Cannon Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 472993765 ✦ Beverly hills, CA ✦ Designated as a 501(c)(3)

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Overview

What is Nick Cannon Foundation Inc?

The Nick Cannon Foundation Inc, based on undisclosed location details, is a dedicated nonprofit organization. Their primary mission is to foster sustainable improvements in the lives of at-risk youth by establishing collaborative partnerships between communities and corporations. Their programs encompass career readiness and entrepreneurship, aiming to instill lasting positive changes in the youth's lives.

Is Nick Cannon Foundation Inc legitimate?

Nick Cannon Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nick Cannon 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: $115,800

For more financial information, click here

What is the mission statement of Nick Cannon Foundation Inc?

The Nick Cannon Foundation's mission is centered around maintaining collaborative partnerships between the community and corporations. Their primary goal is to bring about sustainable change in the lives of at-risk youth. This is achieved through their various programs, which focus on career readiness and entrepreneurship. The foundation aims to create a significant impact in the lives of these young individuals by fostering an environment that encourages growth and development.

Who is the CEO of Nick Cannon Foundation Inc?

Nick Cannon is the President of Nick Cannon Foundation Inc.

What is the revenue of Nick Cannon Foundation Inc?

Nick Cannon Foundation Inc's revenue in 2022 was $200,500.

Who are the executives of Nick Cannon Foundation Inc and what are their salaries?


There is 1 key member and their salary:


Nick Cannon (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Nick Cannon Foundation Inc?

Nick Cannon Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Nick Cannon Foundation Inc

The Nick Cannon Foundation, as stated in its mission, is committed to establishing collaborative partnerships between the community and corporations. Its primary objective is to bring about enduring transformation in the lives of at-risk youth. Through these partnerships, the foundation aims to foster sustainable change, providing opportunities and resources that can positively impact these young individuals. Among its programs, the Nick Cannon Foundation focuses on career readiness and entrepreneurship, offering tools and guidance to help at-risk youth develop skills and pursue their aspirations. By maintaining these collaborative partnerships, the foundation seeks to provide a supportive environment that can empower at-risk youth to overcome challenges and build a better future for themselves.

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Impact




October, 2024

Nick Cannon Foundation Inc significantly impacts the lives of at-risk youth by fostering collaborative partnerships within communities and with corporate entities. Through its dedicated programs focusing on career readiness and entrepreneurship, the foundation provides essential support and resources to help young people develop the skills necessary for successful futures. By addressing the challenges faced by these youth, the foundation helps to cultivate a pathway toward personal and professional growth, ultimately leading to lasting change in their lives. The emphasis on community collaboration enhances the effectiveness of its initiatives, creating a robust network of support that empowers youth to overcome obstacles and seize opportunities.




This information is meant to be a general summary of Nick Cannon 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.

Revenue
$200,500 (2022)
Expenses
$197,444 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $200,500

Assets and Liabilities:

  • Total Assets: $6,679
  • Total Liabilities: $0
  • Net Assets: $6,679

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Organization Details

Principal Officer

Nick Cannon

Main Address

468 N CAMDEN DR 400A, BEVERLY HILLS, CA, 90210

NTEE Category

Code: O53 - Youth development

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