Overview
What is King Edwards Inc?
King Edwards Inc, located at 8600 Lasalle Road, Towson, Maryland 21286, is a nonprofit organization dedicated to assisting young adults aged 18-21 who are transitioning from foster care or residential group care to independent living. The organization provides essential support services, including rental assistance, training, and resources, to help these individuals navigate their new community-based independent living. King Edwards Inc's mission is to prevent institutionalization, incarceration, and homelessness among young people who are at risk, demonstrating a commitment to their well-being and future success. The organization employs a team of eight individuals in its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
King Edwards Inc has earned a Three-Star rating from Charity Navigator, indicating a fair level of performance in the nonprofit sector. The rating reflects a solid Accountability & Finance score of 79%, based on various governance and financial metrics from the most recent fiscal year (FY2023). The organization has demonstrated a strong commitment to accountability, with 100% of its board members being independent, and no reported material diversion of assets.
Strengths noted in the evaluation include a high program expense ratio of 82.38%, signifying that a significant portion of resources is directed toward its mission-driven activities. Additionally, the charity has well-established policies in place regarding conflict of interest, whistleblower protections, and document retention, all of which contribute to its strong governance framework.
While the overall rating is positive, potential supporters may want to consider the single beacon score, which suggests that improvements in other operational areas could enhance the organization’s overall effectiveness. Still, King Edwards Inc shows a solid foundation in accountability and financial health, making it a commendable option for those looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is King Edwards Inc legitimate?
King Edwards Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. King Edwards 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: $136,670
Professional Fundraising Fees: $0
Other Salaries and Wages: $452,914
For more financial information, click here
What is the mission statement of King Edwards Inc?
King Edwards Inc's mission revolves around supporting at-risk youth. Specifically, they aim to prevent institutionalization, incarceration, and homelessness among young people. To achieve this, they implement an Independent Living Youth Program. This program offers rental assistance, training, and support services to young adults aged 18-21 who are transitioning from foster care or residential group care to community-based independent living. The goal is to help these young adults establish a stable, independent life in the community.
Who is the CEO of King Edwards Inc?
Katrina Clayton is the Board Member of King Edwards Inc.
What is the revenue of King Edwards Inc?
King Edwards Inc's revenue in 2022 was $1,605,343.
Who are the executives of King Edwards Inc and what are their salaries?
The average compensation at King Edwards Inc during 2022 was $73,698. There are 8 employees at King Edwards Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 King Edwards Inc?
King Edwards Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of King Edwards Inc
King Edwards Inc, as a nonprofit organization, is dedicated to aiding young individuals who are at risk of ending up institutionalized, incarcerated, or homeless. Their primary mission is to provide support to these vulnerable youth, offering them a chance to transition smoothly into community-based independent living.
This mission is carried out through their Independent Living Youth Program. This program offers a range of services to young adults aged between 18 and 21, who are transitioning from foster care or residential group care. The program provides essential support, including rental assistance and training services. This assistance is designed to help these young adults navigate their new independent living situation effectively, ensuring they can maintain their homes and continue their personal growth.
In essence, King Edwards Inc is committed to empowering these at-risk youth, equipping them with the necessary skills and resources to avoid institutionalization, incarceration, and homelessness. By providing rental assistance and training services, they are helping these young adults make a successful transition into independent living, thereby improving their overall quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
King Edwards Inc is making a significant impact by working with young people who are at risk of being institutionalized, incarcerated, and homeless. Through their independent living youth program, they provide rental assistance, training, and support services to young adults aged 18-21 who are transitioning from foster care or residential group care to a community-based independent living situation. Their mission of working with at-risk youth demonstrates their commitment to providing a stable and supportive environment for those who are most vulnerable in society.
This information is meant to be a general summary of King Edwards 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: $155
- Gross Receipts: $1,605,343
Assets and Liabilities:
- Total Assets: $823,617
- Total Liabilities: $31,832
- Net Assets: $791,785
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2001
Phone
(410) 494-9212Principal Officer
Katrina Clayton
Main Address
8600 LASALLE ROAD, TOWSON, MD, 21286
NTEE Category
Code: P70 - Human services
If you are a representative of King Edwards Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.