Nileb Foundation Fbo Waverly Com 002286-000

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

EIN: 516014967 ✦ Wilmington, DE ✦ Designated as a 501(c)(3)

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Overview

What is Nileb Foundation Fbo Waverly Com 002286-000?

The Nileb Foundation Fbo Waverly Com 002286-000 was a nonprofit organization, although its current status is not indicated, that was dedicated to providing financial support to the Waverly Community House. Their primary mission was to contribute financially to this community center, thereby contributing to the betterment and well-being of the local community. The details surrounding the nature and extent of their financial support are not provided in the information.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 1 Star (53%)

The Nileb Foundation Fbo Waverly Com has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 53%, the organization lacks a majority of independent board members, which raises potential governance issues. The absence of essential policies like conflict of interest, whistleblower, and document retention further highlights the shortcomings in transparency and ethical standards.

Despite these limitations, the foundation demonstrates a solid commitment to its programs, with a program expense ratio of 77.01%. This indicates that a substantial portion of its funds is directed towards its mission-related activities. However, the lack of financial documentation on its website and missing policies can deter potential donors and supporters who value transparency in nonprofit operations.

Overall, while the Nileb Foundation shows promise in its programmatic spending, the significant gaps in governance and accountability practices undercut its effectiveness and trustworthiness as a nonprofit organization. Prospective supporters should carefully consider these factors when evaluating their contributions.


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

Is Nileb Foundation Fbo Waverly Com 002286-000 legitimate?

Nileb Foundation Fbo Waverly Com 002286-000 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nileb Foundation Fbo Waverly Com 002286-000 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 Nileb Foundation Fbo Waverly Com 002286-000?

The Nileb Foundation Fbo Waverly Com 002286-000, as per the available information, was primarily focused on providing financial support to the Waverly Community House. Unfortunately, this nonprofit organization is no longer active or in operation. Its mission, therefore, could not be fully ascertained beyond this financial support role in the community.

Who is the CEO of Nileb Foundation Fbo Waverly Com 002286-000?

Same As C Above is the Principal Officer of Nileb Foundation Fbo Waverly Com 002286-000.

What is the revenue of Nileb Foundation Fbo Waverly Com 002286-000?

Nileb Foundation Fbo Waverly Com 002286-000's revenue in 2022 was $66,318.

Who are the executives of Nileb Foundation Fbo Waverly Com 002286-000 and what are their salaries?


There is 1 key member and their salary:


Wilmingtontrustcompany (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Nileb Foundation Fbo Waverly Com 002286-000?

Nileb Foundation Fbo Waverly Com 002286-000's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Nileb Foundation Fbo Waverly Com 002286-000

Nileb Foundation Fbo Waverly Com 002286-000 was a nonprofit organization that had a mission to financially support the Waverly Community House. While detailed information about its activities and programs is not available, it can be inferred that the foundation aimed to contribute financially to the operations and initiatives of the Waverly Community House. However, it is important to note that this nonprofit is now terminated or no longer active.

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Impact




October, 2024

Nileb Foundation Fbo Waverly Com 002286-000 provided essential financial support to the Waverly Community House, impacting local residents by facilitating various programs and services. Through its contributions, the foundation likely helped enhance community engagement, promote social welfare, and support educational initiatives within the Waverly area. Although the organization is no longer active, its previous involvement would have played a role in fostering community resilience and addressing local needs, contributing to the overall quality of life for individuals and families in the region.




This information is meant to be a general summary of Nileb Foundation Fbo Waverly Com 002286-000. 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
$66,318 (2022)
Expenses
$123 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $66,318
  • Gross Receipts: $605,277

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

1900

Principal Officer

Same As C Above

Main Address

1100 NORTH MARKET STREET, WILMINGTON, DE, 198900001

NTEE Category

Code: T31 - Philanthropy

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