Overview
What is Blackwater Creeds Foundation?
Blackwater Creeds Foundation, established in Virginia Beach, Virginia, is a dedicated nonprofit organization with a primary focus on offering scholarships to eligible students residing in the local area. Their mission is centered around providing financial aid, aiming to support the educational aspirations of deserving individuals within their community. The foundation's activities and mission are wholly committed to this goal, ensuring that qualified students have access to financial resources for their studies.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
The Blackwater Creeds Foundation has received a low score of 33% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The rating is solely based on its Accountability & Finance score, which reflects several compliance issues, particularly in governance and transparency.
Strengths of the organization include having a fully independent board, with all members meeting the criteria for independence and no material diversion of assets reported. However, major shortcomings are evident in areas such as the absence of key policies, including a conflict of interest policy and a whistleblower policy, which are essential for maintaining accountability.
Additionally, the foundation's financial efficiency appears to be lacking, with only 8.72% of expenses allocated to programs. This low program expense ratio, combined with various policy deficiencies, showcases the need for improvement in operational transparency and effective resource allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Blackwater Creeds Foundation legitimate?
Blackwater Creeds Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blackwater Creeds 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Blackwater Creeds Foundation?
The Blackwater Creeds Foundation, as a mission-driven organization, is dedicated to offering scholarships to eligible students from the local community. Their primary objective is to provide financial assistance to deserving students, thereby enabling them to pursue their educational goals. By offering scholarships, the foundation aims to foster educational opportunities and empower young individuals, thereby contributing to the betterment of society. The foundation's activities are centered around identifying and supporting qualifying students, providing them with the financial aid they require to pursue their education.
Who is the CEO of Blackwater Creeds Foundation?
Robert Vaughan is the President of Blackwater Creeds Foundation.
What is the revenue of Blackwater Creeds Foundation?
Blackwater Creeds Foundation's revenue in 2021 was $28,576.
Who are the executives of Blackwater Creeds Foundation and what are their salaries?
There 15 volunteers at Blackwater Creeds Foundation.
Here are 3 key members and their salaries:
- 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 Blackwater Creeds Foundation?
Blackwater Creeds Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Blackwater Creeds Foundation
The Blackwater Creeds Foundation, a distinguished nonprofit entity, is dedicated to extending financial aid in the form of scholarships to deserving students residing in the local area. This organization's primary mission is to identify and support those students who meet the necessary criteria for receiving these scholarships. By doing so, the Blackwater Creeds Foundation seeks to contribute positively to the educational aspirations and future prospects of these students, thereby fostering a more prosperous and informed community.
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Impact
August, 2024
Blackwater Creeds Foundation's impact lies in providing scholarships to local area qualifying students in Virginia Beach, VA. By offering financial aid, the foundation helps students pursue their educational goals and aspirations. Through this support, Blackwater Creeds Foundation contributes to enhancing the educational opportunities and prospects of individuals within the community.
This information is meant to be a general summary of Blackwater Creeds 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 2021.
- Investment Income: $51
- Gross Receipts: $28,576
Assets and Liabilities:
- Total Assets: $485,391
- Total Liabilities: $0
- Net Assets: $485,391
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Organization Details
Founding Year
1995
Principal Officer
Robert Vaughan
Main Address
PO Box 7015, Virginia Beach, VA, 23457
NTEE Category
Code: N31 - Recreation
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