Overview
What is Phi Community Foundation?
Phi Community Foundation is a charitable organization situated in Washington, D.C. (200680001). Their mission is to promote community development by addressing health, youth development, educational support, and low-income advocacy issues. To achieve this goal, they provide donations to various non-profit organizations in DC, MD, DE, and NJ. The foundation's activities encompass promoting healthy lifestyles, delivering health education to underserved populations, supporting youth development through leadership programs, career exposure, and job development initiatives, advancing intellectual achievements of students through scholarships and educational means, and ensuring that low-income families, meeting federal poverty standards, have access to resources for managing energy bills.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
The Phi Community Foundation has received a Three-Star rating from Charity Navigator, reflecting a score of 78%. This rating is based solely on the Accountability & Finance beacon, indicating a strong emphasis on fiscal responsibility and transparency. The foundation has demonstrated solid governance with a fully independent board and effective practices in document retention and meeting documentation.
In terms of financial health, the Phi Community Foundation shows a high program expense ratio of 98.19%, suggesting that nearly all of its resources are directed towards its mission-related activities. The organization has also reported no material diversion of assets, highlighting its integrity in managing donations and resources. The liabilities to assets ratio of 53.31% indicates a manageable level of debt relative to its assets.
However, while the financial indicators are strong, the rating is calculated solely from the Accountability & Finance metrics, which may limit a comprehensive view of the organization's overall impact and effectiveness. Potential donors and stakeholders may want to consider additional factors such as program outcomes and community engagement to gain a fuller understanding of the foundation's performance.
This AI summary has been generated from information found on Charity Navigator.
Is Phi Community Foundation legitimate?
Phi Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phi Community 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.
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What is the mission statement of Phi Community Foundation?
The Phi Community Foundation's mission is centered around promoting charitable activities that address community concerns related to health, youth development, educational support, and financial assistance for low-income individuals. Specifically, the foundation strives to promote healthy lifestyles and deliver health education to those who cannot afford healthcare services, support the development of youth through leadership, career exposure, and job development programs, advance intellectual achievements of students in higher education through scholarships and educational means, and ensure that families living below the federal poverty line have access to resources to manage their energy bills.
Who is the CEO of Phi Community Foundation?
Donna Cooper is the President of Phi Community Foundation.
What is the revenue of Phi Community Foundation?
Phi Community Foundation's revenue in 2022 was $492,597.
Who are the executives of Phi Community Foundation and what are their salaries?
There 30 volunteers at Phi Community Foundation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Phi Community Foundation?
Phi Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phi Community Foundation
Phi Community Foundation, a charitable organization, is dedicated to addressing community issues related to health, youth development, educational support, and low-income advocacy. The foundation's mission is multifaceted, aiming to promote healthy lifestyles and deliver health education to those financially disadvantaged, ensuring they can afford basic healthcare services. Furthermore, Phi Community Foundation supports the development of youth by providing leadership programs, career exposure, and job development opportunities.
In addition to health and youth development, the foundation also supports academic achievements among students at higher learning institutions. This is achieved through scholarships and various educational means. Recognizing the financial struggles faced by families meeting federal poverty standards, Phi Community Foundation aims to provide them with resources that help manage their energy bills. This holistic approach to community issues reflects Phi Community Foundation's commitment to improving the lives of those in need.
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Impact
July, 2024
Phi Community Foundation's impact includes promoting charitable activities that address community issues such as health, youth development, educational support, and finances. The organization has provided numerous donations to various nonprofit community organizations within DC, MD, DE, and NJ, supporting causes related to health, education, advocacy, and more. Phi Community Foundation aims to improve access to healthcare for underserved populations, support youth development through leadership programs, provide educational opportunities for students through scholarships, and ensure families in poverty have resources to manage their energy bills. This organization's work contributes positively to the well-being and development of communities it serves.
This information is meant to be a general summary of Phi Community 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: $1
- Gross Receipts: $911,476
Assets and Liabilities:
- Total Assets: $249,389
- Total Liabilities: $159,500
- Net Assets: $89,889
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Organization Details
Founding Year
2002
Phone
(609) 625-5864Principal Officer
Donna Cooper
Main Address
701 NINTH ST NW, WASHINGTON, DC, 200680001
NTEE Category
Code: T22 - Philanthropy
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