Overview
What is Oakland Promise?
Oakland Promise, or OP, is a nonprofit organization based in Oakland, California, with a workforce of 37 employees. Their mission revolves around educational financial assistance, aiming to empower young learners from birth to college students and their families. Through four core programs – Brilliant Baby, Kindergarten to College, College Access, and College Completion – Oakland Promise provides essential resources and support for children's educational journey. This includes college savings accounts, elementary scholarships, 2-4 year college/CTE scholarships, financial guidance, college-building culture programs, and critical resources to foster students' college and vocational identity. With a vision of a thriving Oakland community without educational opportunity barriers, OP engages the community to promote equity and economic mobility.
Official website here: www.oaklandpromise.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
Oakland Promise has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The charity has achieved a perfect score in several key areas, indicating that it has a well-structured governance system with a fully independent board, effective financial oversight, and no material diversion of assets. The organization has demonstrated transparency with its operational policies and has a healthy financial ratio, with a program expense ratio of 84.36%, signifying that the majority of its funds are allocated directly to its programs.
User feedback from Great Nonprofits highlights volunteer experiences that emphasize the organization's efficiency and professionalism. One reviewer noted the critical nature of its mission, which indicates that stakeholders recognize the importance of the work being done by Oakland Promise. This positive feedback from volunteers suggests a strong community engagement and a supportive environment for those involved.
While the overall ratings reflect a solid foundation, the review data is limited, and more extensive user feedback could provide a broader perspective on the organization's impact and effectiveness. Nevertheless, the current information points to Oakland Promise as a reputable nonprofit that focuses on delivering significant value to the community it serves.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Oakland Promise legitimate?
Oakland Promise is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oakland Promise 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: $861,796
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,841,989
For more financial information, click here
Official website here: www.oaklandpromise.org
What is the mission statement of Oakland Promise?
The Oakland Promise is a community initiative aimed at advancing educational equity and economic mobility. Its mission is to provide young learners and their families with the necessary financial resources, support, mentorship, and incentives from birth to college and career. The organization offers various programs, including Brilliant Baby, Kindergarten to College, College Access, and College Completion, to empower students to pursue higher education and careers of their choosing. Through these programs, Oakland Promise provides college savings accounts, scholarship funding in elementary school years, vocational scholarships, financial guidance, college culture building programs, and critical resources to help students develop their college and vocational identity and persistence.
Official website here: www.oaklandpromise.org
Who is the CEO of Oakland Promise?
Sandra Ernst is the Director of Oakland Promise. The CEO's salary of Oakland Promise is $147,000 and their total compensation is $147,000.
Official website here: www.oaklandpromise.org
What is the revenue of Oakland Promise?
Oakland Promise's revenue in 2022 was $17,084,213.
Official website here: www.oaklandpromise.org
Who are the executives of Oakland Promise and what are their salaries?
The average compensation at Oakland Promise during 2022 was $100,102. There are 37 employees at Oakland Promise.
Here are 21 key members and their salaries (Oakland Promise's CEO's salary is $147,000 and their total compensation is $147,000):
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- Compensation: $147,000
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- Compensation: $186,808
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Official website here: www.oaklandpromise.org
Where can I find the form 990 for Oakland Promise?
Oakland Promise's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oaklandpromise.org
Learn more at the official website: www.oaklandpromise.org
Mission Statement of Oakland Promise
Oakland Promise, a visionary educational organization, strives to eliminate barriers to educational opportunity in the community, enabling young learners from birth to college students and their families. Committed to advancing equity and economic mobility, Oakland Promise engages the local community through a cradle-to-college and career achievement approach.
At the heart of Oakland Promise's mission lies the belief that every child deserves financial resources, support, mentorship, and incentives to pursue higher education and career paths of their choosing. The organization offers services through four core programs, each designed to empower students at different stages of their development.
The Brilliant Baby program catering to newborns focuses on nurturing their potential with college savings accounts (529s) and critical resources. Kindergarten to College supports elementary school students with college scholarship funding, while College Access assists students in navigating the complexities of secondary education and securing financial aid. Lastly, College Completion provides students with financial guidance, college building culture programs, and key resources to help them develop a college and vocational identity and maintain persistence.
By offering these comprehensive programs, Oakland Promise empowers students to reach their full potential and contribute positively to their communities.
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Impact
October, 2024
Oakland Promise has made a significant impact on the educational landscape in Oakland by providing essential financial resources and support to young learners and their families. By focusing on a cradle-to-college and career model, it empowers children from birth through their educational journeys to pursue higher education and aligned career paths.
Through its targeted programs—Brilliant Baby, Kindergarten to College, College Access, and College Completion—Oakland Promise offers a comprehensive approach to educational equity. This includes establishing college savings accounts, providing scholarships during critical educational stages, and offering financial guidance designed to help families navigate the costs associated with higher education.
Moreover, the initiative cultivates a college-going culture within the community, equipping students with critical resources and mentorship that encourage persistence in their educational pursuits. These efforts aim to dismantle barriers to educational opportunity, ultimately fostering economic mobility and creating a thriving community where education is accessible to all.
This information is meant to be a general summary of Oakland Promise. 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: $351,064
- Gross Receipts: $17,268,821
Assets and Liabilities:
- Total Assets: $69,217,814
- Total Liabilities: $1,805,550
- Net Assets: $67,412,264
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Organization Details
Founding Year
2002
Phone
(510) 858-6054Principal Officer
Sandra Ernst
Main Address
300 FRANK H OGAWA PLAZA SUITE 430, OAKLAND, CA, 94612
Website
www.oaklandpromise.orgNTEE Category
Code: B82 - Education
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