Overview
What is Upward Bound Foundation Incorporated?
Upward Bound Foundation Incorporated, situated in Potomac, Maryland, serves as a grantmaking public charity foundation with a primary focus on enhancing education for children and students. As a dedicated organization, their mission revolves around improving educational opportunities, aiming to create a positive impact on young learners' lives. The foundation operates with a vision to foster a supportive environment for children's educational growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Stars
Upward Bound Foundation Incorporated has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 80% based primarily on its accountability and finance practices. This rating signifies that the organization maintains a strong focus on transparency and ethical financial management, an essential aspect for potential donors and stakeholders.
One of the notable strengths of the foundation is its governance structure, as it boasts a fully independent board with three members, demonstrating a commitment to impartial oversight. Additionally, the organization has shown effective financial management, with a remarkable program expense ratio of 99.63%, indicating that a significant portion of its resources is directed towards its mission rather than administrative costs.
However, while the organization has achieved high marks in most areas, there may be opportunities for further improvement in other metrics not reported in the accountability assessment. Prospective supporters may want to explore additional aspects of the foundation’s impact and outreach to gain a comprehensive understanding of its overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Upward Bound Foundation Incorporated legitimate?
Upward Bound Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Upward Bound Foundation Incorporated 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 Upward Bound Foundation Incorporated?
Upward Bound Foundation Incorporated, as a grantmaking public charity, aims to foster education improvement for children and students. Their mission is centered around enhancing the educational experiences and opportunities for young learners, aiming to contribute positively to their academic growth and development. By providing financial support to various educational initiatives, the foundation strives to create a more enriching and equitable educational landscape for children across different communities.
Who is the CEO of Upward Bound Foundation Incorporated?
Leroy Pingho is the President of Upward Bound Foundation Incorporated.
What is the revenue of Upward Bound Foundation Incorporated?
Upward Bound Foundation Incorporated's revenue in 2021 was $67,328.
Who are the executives of Upward Bound Foundation Incorporated and what are their salaries?
There 5 volunteers at Upward Bound Foundation Incorporated.
Here are 5 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
Where can I find the form 990 for Upward Bound Foundation Incorporated?
Upward Bound Foundation Incorporated's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Upward Bound Foundation Incorporated
Upward Bound Foundation Incorporated, a grantmaking public charity based in Potomac, is dedicated to improving education for children and students. This nonprofit organization's mission is centered around fostering a conducive environment for learning and development for young individuals. By focusing on education improvement, Upward Bound Foundation Incorporated aims to empower the future generation with knowledge and skills, setting them up for success in their academic and personal lives.
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Impact
August, 2024
Upward Bound Foundation Incorporated's impact is focused on improving education for children and students. Through its grantmaking efforts, the foundation strives to enhance learning opportunities for youth, ultimately equipping them with the skills and resources they need to succeed academically and in life. By targeting education improvement initiatives, Upward Bound Foundation Incorporated plays a crucial role in shaping the future of young individuals, empowering them to reach their full potential and contribute positively to society.
This information is meant to be a general summary of Upward Bound Foundation Incorporated. 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 2021.
- Investment Income: $2,255
- Gross Receipts: $67,328
Assets and Liabilities:
- Total Assets: $1
- Total Liabilities: $0
- Net Assets: $1
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Organization Details
Founding Year
2000
Phone
(240) 441-6169Principal Officer
Leroy Pingho
Main Address
12008 Great Elm Drive, Potomac, MD, 20854
NTEE Category
Code: P50 - Human services
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