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The Myles And Ruth Munroe Foundationinc

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

EIN: 474715033 ✦ Atlanta, GA ✦ Designated as a 501(c)(3)

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Overview

What is The Myles And Ruth Munroe Foundationinc?

The Myles and Ruth Munroe Foundationinc is a newly established nonprofit organization, currently in its inaugural year of operation. Their primary mission is to inspire transformation, transforming followers into leaders. They achieve this objective through a variety of initiatives, such as organizing conferences, seminars, and trips, aimed at fostering leadership skills and personal growth. As of now, they have not yet reported any significant accomplishments, but their commitment to this transformative goal remains steadfast. The Foundation continues to operate and serve its community, offering opportunities for personal development and leadership enhancement.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Star rating)

The Myles And Ruth Munroe Foundationinc has received a two-star rating from Charity Navigator, indicating areas that require improvement. The overall score reflects significant strengths in program expense efficiency, with an impressive program expense ratio of 91.90%. Additionally, the foundation maintains a high percentage of independent board members, which is crucial for governance.

However, the organization faces notable challenges in accountability and financial transparency. It has not submitted financial statements, nor does it have essential policies in place, such as conflict of interest and whistleblower policies. Furthermore, the absence of a website listed on the tax form and missing documentation regarding tax forms posted on its website contribute to the low accountability scores.

While the foundation shows strong programmatic focus, the lack of transparency and organizational policies limits its overall performance and accountability. Stakeholders and potential donors may want to consider these factors when evaluating the foundation's effectiveness and reliability.


This AI summary has been generated from information found on Charity Navigator.

Is The Myles And Ruth Munroe Foundationinc legitimate?

The Myles And Ruth Munroe Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Myles And Ruth Munroe Foundationinc 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: $0

For more financial information, click here

What is the mission statement of The Myles And Ruth Munroe Foundationinc?

The Myles and Ruth Munroe Foundation's mission is centered around transforming individuals from followers into leaders. This is achieved through various means such as organized conferences, seminars, and trips. Despite being in its first year of operation, the foundation has yet to showcase any notable achievements in this regard. The primary goal of the foundation is to empower individuals, encouraging personal growth and development.

Who is the CEO of The Myles And Ruth Munroe Foundationinc?

Myles Munroe Jr is the Vice Preside of The Myles And Ruth Munroe Foundationinc.

What is the revenue of The Myles And Ruth Munroe Foundationinc?

The Myles And Ruth Munroe Foundationinc's revenue in 2022 was $763,925.

Who are the executives of The Myles And Ruth Munroe Foundationinc and what are their salaries?


Here are 2 key members and their salaries:


Myles Munroe Jr (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charisa Munroe (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Myles And Ruth Munroe Foundationinc?

The Myles And Ruth Munroe Foundationinc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Myles And Ruth Munroe Foundationinc

The Myles and Ruth Munroe Foundationinc, in its inaugural year of operation, is committed to a transformative mission. Their primary goal is to convert followers into leaders. To achieve this, the organization conducts conferences, seminars, and organizes trips. These activities aim to inspire and empower individuals, helping them develop the necessary skills and mindset to step into leadership roles. The foundation's mission is to contribute to personal growth and development, fostering a community of leaders who can positively influence their respective spheres.

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Impact




July, 2024

The Myles And Ruth Munroe Foundationinc aims to transform followers into leaders through conferences, seminars, and trips. As it is their first full year in operation, there are no noted achievements yet. The Foundation's impact is centered around their mission to develop and empower individuals into becoming leaders.




This information is meant to be a general summary of The Myles And Ruth Munroe Foundationinc. 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
$763,925 (2022)
Expenses
$677,730 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $146,800
  • Gross Receipts: $763,925

Assets and Liabilities:

  • Total Assets: $547,866
  • Total Liabilities: $14,344
  • Net Assets: $533,522

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

THE MUNROE INSTITUTE

Revenue

$71,739

THE EDUCATIONAL FUND

Revenue

$38,415

EXPLORE AFRICA

Revenue

$27,207

DISASTER RELIEF FUND

Revenue

$5,224

THE FOUNDATION INITIATIVES

Revenue

$4,215

Organization Details

Principal Officer

Myles Munroe Jr

Main Address

191 PEACHTREE ST NE SUITE 3975, ATLANTA, GA, 30303

NTEE Category

Code: T90 - Philanthropy

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