Overview
What is Aarp Foundation?
The AARP Foundation is a nonprofit organization based in Washington, D.C., with a workforce of 389 employees. They are dedicated to combating senior poverty and increasing economic opportunities for older adults with low income, particularly focusing on women and people of color. Their initiatives include the Senior Community Service Employment Program (SCSEP), which has operated for over 50 years and helps older workers build job skills through community service assignments. Additionally, they offer the Back to Work 50+ program, providing career transition coaching and resources for unemployed older adults, available both nationally and in partnership with community organizations in eight states. Furthermore, the Work for Yourself@50+ program supports older adults in exploring self-employment and business development through workshops, coaching, and an incubator program. A recent initiative, Digital Skills Ready@50+, received a $10 million grant and offers digital skills training to older adults with low income to enhance their job prospects and social connections.
Official website here: www.aarp.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
The AARP Foundation holds a prestigious Four-Star rating from Charity Navigator, reflecting excellence in accountability and financial health. With a perfect score of 100% in key areas, such as an independent board and strict financial oversight, the foundation demonstrates a strong commitment to transparency and responsible management of funds. This high rating signifies that donors can have confidence in the foundation's operations and its effective allocation of resources towards programs.
User reviews present a mixed perspective on the AARP Foundation's services. Positive feedback highlights significant contributions to hunger relief for seniors and innovative approaches to support older workers. Reviewers appreciate the foundation's broad reach and responsive initiatives, particularly in aiding those who are isolated or lack community support.
Conversely, some users express frustration with AARP's marketing practices, particularly the overwhelming amount of promotional mail they receive, which detracts from their overall experience. Concerns have also been raised regarding potential conflicts of interest related to their insurance offerings, indicating that while the foundation might be doing valuable work, there are areas that require improvement in communication and service delivery to enhance member satisfaction.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Aarp Foundation legitimate?
Aarp Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aarp 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: $1,956,059
Professional Fundraising Fees: $1,832,265
Other Salaries and Wages: $33,637,330
For more financial information, click here
Official website here: www.aarp.org/foundation
What is the mission statement of Aarp Foundation?
The AARP Foundation is dedicated to combating senior poverty and reducing financial hardships for older adults with limited resources. Through innovative solutions, the foundation works to increase income and provide access to essential benefits and services for vulnerable older adults. The organization's efforts are focused on addressing poverty by both directly implementing programs and collaborating with key partners across the nation. The primary focus areas include enhancing income and decreasing major expenses, such as housing, food, and healthcare, to improve the overall well-being of older adults.
Official website here: www.aarp.org/foundation
Who is the CEO of Aarp Foundation?
Claire Casey is the President (Until 6/10/22) of Aarp Foundation.
Official website here: www.aarp.org/foundation
What is the revenue of Aarp Foundation?
Aarp Foundation's revenue in 2022 was $203,216,966.
Official website here: www.aarp.org/foundation
Who are the executives of Aarp Foundation and what are their salaries?
The average compensation at Aarp Foundation during 2022 was $91,500. There are 389 employees and 27047 volunteers at Aarp Foundation.
Here are 21 key members and their salaries:
- Compensation: $334,750
- Related: $2,933
- Other: $72,297
- Compensation: $362,139
- Related: $0
- Other: $74,353
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- Compensation: $450,062
- Related: $0
- Other: $79,924
- Compensation: $0
- Related: $307,631
- Other: $88,453
- Compensation: $380,743
- Related: $11,695
- Other: $81,126
- Compensation: $317,573
- Related: $14,289
- Other: $66,523
- Compensation: $291,067
- Related: $0
- Other: $84,799
- Compensation: $276,198
- Related: $0
- Other: $73,675
- Compensation: $282,960
- Related: $0
- Other: $67,465
- Compensation: $278,038
- Related: $0
- Other: $59,208
- Compensation: $268,875
- Related: $0
- Other: $74,016
Official website here: www.aarp.org/foundation
Where can I find the form 990 for Aarp Foundation?
Aarp Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aarp.org/foundation
Learn more at the official website: www.aarp.org/foundation
Mission Statement of Aarp Foundation
AARP Foundation, a prominent nonprofit organization, is dedicated to combating senior poverty and reducing financial hardships among vulnerable older adults. Through innovative and bold solutions, the Foundation aims to help this demographic build economic opportunities and foster social connections.
Specifically, AARP Foundation focuses on addressing poverty among older adults by increasing their income and providing access to essential benefits and services. By implementing and supporting programs, the organization works collaboratively with key partners across the nation to make a significant impact. The Foundation's efforts are geared towards enhancing the lives of older adults living with limited resources, ensuring they can access the essentials for a dignified existence.
Some of the programs developed and supported by AARP Foundation include initiatives that help older adults secure income through earnings and benefits. By addressing the major cost-of-living expenses such as housing, food, and healthcare, the Foundation's work enables older adults to maintain a decent standard of living and prevent further financial hardships.
AARP Foundation's mission is twofold: increasing income and decreasing expenditures for older adults. By focusing on both aspects, the organization creates a comprehensive approach to addressing the issue of senior poverty and improving the lives of those who are most in need.
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Impact
October, 2024
AARP Foundation significantly impacts senior poverty by implementing innovative solutions that empower vulnerable older adults to achieve economic stability and social connections. Through various programs such as the Senior Community Service Employment Program (SCSEP), the foundation provides valuable job training and skill development, serving over 12,000 participants annually.
The SCSEP offers on-the-job training in community service positions, helping older individuals enhance their employability. Remarkably, 75% of participants secure employment within nine months of completing the program, demonstrating its effectiveness in fostering long-term job retention.
Additionally, the Back to Work 50+ program equips unemployed job seekers aged 50 and older with essential tools, coaching, and resources to navigate the job market confidently. This initiative, supported by a network of community partners, includes both in-person and online coaching, ensuring accessible support for older workers.
For those interested in entrepreneurship, the Work for Yourself@50+ program offers free resources and workshops to help individuals over 50 explore self-employment options. Since its launch, this program has served more than 52,000 older adults, promoting financial stability through small business development.
AARP Foundation also addresses the digital divide faced by older adults through its Digital Skills Ready@50+ initiative. With training focused on basic digital skills, this program aims to enhance job prospects and social connections for low-income seniors, particularly women and people of color.
By providing these comprehensive programs and services, AARP Foundation plays a crucial role in reducing financial hardship among older adults, fostering their independence and encouraging community engagement.
This information is meant to be a general summary of Aarp 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: $26,443,502
- Program Service Revenue: $822,571
- Gross Receipts: $662,915,038
Assets and Liabilities:
- Total Assets: $662,653,314
- Total Liabilities: $60,234,067
- Net Assets: $602,419,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Experience Corps Program Fees
Revenue
$339,480
Organization Details
Founding Year
1961
Phone
(202) 434-3399Principal Officer
Claire Casey
Main Address
601 E Street NW Tax Dept, Washington, DC, 20049
Website
www.aarp.org/foundationNTEE Category
Code: P81 - Human services
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