Overview
What is Kings Way Foundation?
The Kings Way Foundation, located in Yukon, Oklahoma, is a public charity dedicated to providing aid and support to individuals and communities in need. Their charitable endeavors encompass various areas, such as scholarships, housing, medical assistance, and disaster relief. In 2022, they granted eight university-level scholarships to six different institutions, considering the applicants' needs, merits, and academic performance. The Foundation's mission extends beyond the U.S., also addressing the needs of orphans and poverty-stricken communities globally. As a public charitable corporation, Kings Way Foundation encourages and facilitates compassionate contributions to these causes.
Official website here: www.kingsway.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Kings Way Foundation has received a Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The foundation's overall score is derived solely from its Accountability & Finance metrics, which highlights the organization's commitment to transparency and responsible management. The absence of any material diversion of assets and a high program expense ratio of 97.42% suggest that a significant portion of funds is directed towards its programs.
The organization boasts a fully independent board, with 10 out of 10 board members meeting this criterion, which strengthens its governance. However, the charity has room for improvement, particularly in its policies related to conflicts of interest, whistleblower protections, and document retention, all of which are currently missing. These shortcomings may raise concerns about internal controls and operational transparency.
Overall, while Kings Way Foundation demonstrates commendable financial management and governance strengths, the lack of certain key policies indicates areas where it can enhance its practices to ensure greater accountability and trust among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Kings Way Foundation legitimate?
Kings Way Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kings Way 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.kingsway.org
What is the mission statement of Kings Way Foundation?
The Kings Way Foundation, functioning as a public charitable corporation, is dedicated to assisting in meeting compassionate and charitable needs both domestically and internationally. Their focus areas include alleviating hunger, providing housing, offering scholarships, aiding in disaster relief, and providing for orphans. The organization's mission is to contribute to these causes, particularly in the realms of missional work and poverty alleviation. In 2022, the foundation awarded eight university-level scholarships to deserving individuals, based on their needs, merits, and academic performance. These scholarships were distributed across various universities and catered to individuals from diverse backgrounds and age groups.
Official website here: www.kingsway.org
Who is the CEO of Kings Way Foundation?
Brent Ryan is the Trustee of Kings Way Foundation.
Official website here: www.kingsway.org
What is the revenue of Kings Way Foundation?
Kings Way Foundation's revenue in 2022 was $43,671.
Official website here: www.kingsway.org
Who are the executives of Kings Way Foundation and what are their salaries?
There 4 volunteers at Kings Way Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.kingsway.org
Where can I find the form 990 for Kings Way Foundation?
Kings Way Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kingsway.org
Learn more at the official website: www.kingsway.org
Mission Statement of Kings Way Foundation
The Kings Way Foundation, as a public charitable corporation, is dedicated to assisting others in addressing compassionate and charitable needs. Its mission extends beyond the borders of the USA, encompassing various regions around the world. The organization's focus areas include alleviating hunger, providing housing, offering scholarships, aiding in disaster relief, and supporting orphans. Moreover, Kings Way Foundation is committed to addressing missional and poverty-related issues, demonstrating a broad scope of humanitarian endeavors. In 2022, the foundation granted scholarships to eight university students, choosing recipients based on their needs, merits, and academic performance. These scholars hailed from diverse backgrounds and age groups, reflecting the foundation's desire to make a difference in the lives of individuals from various walks of life.
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Impact
August, 2024
The impact of Kings Way Foundation is significant, as it provides charitable and compassionate assistance to individuals facing various needs and crises. In 2022 alone, the foundation granted 8 university-level scholarships to deserving individuals from diverse backgrounds and age groups. These scholarships were awarded based on the applicants' needs, merits, and academic performance, demonstrating the foundation's commitment to supporting education and empowering individuals to succeed. Additionally, Kings Way Foundation's mission to address issues such as hunger, housing, disaster relief, orphans, and poverty underscores its dedication to making a positive difference in the lives of those in need, both in the USA and around the world.
This information is meant to be a general summary of Kings Way 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.
- Gross Receipts: $43,671
Assets and Liabilities:
- Total Assets: $39,726
- Total Liabilities: $0
- Net Assets: $39,726
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Organization Details
Founding Year
1998
Phone
(316) 841-4092Principal Officer
Brent Ryan
Main Address
1009 Noble Court, Yukon, OK, 730993421
Website
www.kingsway.orgNTEE Category
Code: T30 - Philanthropy
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