Overview
What is Slam Foundation Inc?
Slam Foundation Inc is a nonprofit organization located in Miami, Florida, with an address at 6340 Sunset Dr. Their primary mission is to promote learning opportunities for children from diverse backgrounds. They achieve this by establishing a national network of Slam Schools, which are charter schools that provide enhanced educational services. The goal is to prepare students not only for college but also for successful careers in the sports industry beyond their academic years. Furthermore, the foundation supports various 501(c)(3) educational organizations operating charter schools nationwide.
What are the reviews and ratings of this charity?
**Slam Foundation Inc (EIN: 475277840)**
**Charity Navigator Rating: 2 Stars (Needs Improvement)**
Slam Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement. The rating is based on its Accountability & Finance score, which stands at 74%. While the organization has achieved full credit for having a majority independent board and maintains a high program expense ratio, it notably struggled with transparency, as evidenced by a poor performance on financial statements and not posting required documents on its website.
The organization benefits from a solid governance structure, with independent members and policies in place to prevent conflicts of interest and ensure whistleblower protection. However, the low score in financial transparency suggests that potential concerns exist regarding how financial information is communicated to the public. The lack of scores in the categories of Impact & Measurement, Culture & Community, and Leadership & Adaptability further points to areas where the foundation could develop and demonstrate its effectiveness.
User reviews from GreatNonprofits could not be fetched, limiting available feedback from the community. Nonetheless, the overall rating highlights both strengths in governance and weaknesses in financial transparency that prospective donors and supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Slam Foundation Inc legitimate?
Slam Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Slam 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: $113,364
For more financial information, click here
What is the mission statement of Slam Foundation Inc?
Slam Foundation Inc's mission aims to enhance learning opportunities for children from diverse backgrounds. They strive to establish a national network of SLAM schools, which are designed to prepare students not just for college but also for careers in the sports industry beyond their academic years. By supporting several 501(c)(3) educational organizations that operate charter schools nationwide, Slam Foundation Inc helps these schools provide enhanced educational services to their students.
Who is the CEO of Slam Foundation Inc?
Rene Ruiz is the President,Chairman of Slam Foundation Inc.
What is the revenue of Slam Foundation Inc?
Slam Foundation Inc's revenue in 2022 was $8,379,691.
Who are the executives of Slam Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Slam Foundation Inc?
Slam Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Slam Foundation Inc
Slam Foundation Inc, a nonprofit organization, is dedicated to expanding educational opportunities for children of diverse backgrounds. Its mission is to establish a nationwide network of Slam Schools, which aim to prepare students not only for higher education but also for careers in the sports industry beyond college. By supporting several 501(c)(3) educational organizations that operate charter schools across the nation, Slam Foundation Inc helps these institutions enhance their educational services, ensuring that their students receive comprehensive and enriching learning experiences.
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Impact
July, 2024
Slam Foundation Inc's impact can be seen in the advancement of learning opportunities for children from all backgrounds. By creating a national network of Slam schools, the foundation prepares students for college and careers in the sports industry. Through its support of various educational organizations operating charter schools nationwide, Slam Foundation Inc enhances educational services for students, ultimately contributing to their academic and professional growth.
This information is meant to be a general summary of Slam 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: $31,412
- Program Service Revenue: $6,436,244
- Gross Receipts: $8,379,691
Assets and Liabilities:
- Total Assets: $9,185,701
- Total Liabilities: $5,149,412
- Net Assets: $4,036,289
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES: RENTAL INCOME
Revenue
$6,274,858
FEES: AFFILIATION FEES
Revenue
$161,386
Organization Details
Founding Year
2015
Phone
(305) 669-2906Principal Officer
Rene Ruiz
Main Address
6340 SUNSET DR, MIAMI, FL, 33143
NTEE Category
Code: B90 - Education
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