Overview
What is Foundation For Good Business?
The Foundation for Good Business is a nonprofit organization situated in Raleigh, North Carolina. Its primary mission is to empower disadvantaged youth by providing them with scholarships and mentorship. This nonprofit identifies young individuals with the potential to excel in their communities and offers educational support to help them succeed in both school and life. Acting as an advocate for education, the Foundation for Good Business ensures that these students receive the necessary development, support, and education, serving as a solid foundation for their future independence.
Official website here: www.specialsuperkids.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Foundation For Good Business demonstrates a solid performance in terms of accountability and finance, achieving an overall score of 83%. The organization benefits from a fully independent board, which contributes to effective governance. They have no material diversion of assets and maintain a positive liabilities to assets ratio of 0.00%, indicating sound financial health. Additionally, a strong program expense ratio of 79.69% reflects their commitment to spending a significant portion of their resources on direct programs.
Despite these strengths, the organization has some areas that require improvement. Notably, there are missing policies for whistleblower protection and document retention and destruction, which are essential for transparency and accountability. While they have documented board meeting minutes and a conflict of interest policy, these omissions could impact stakeholder confidence in the organization’s commitment to best practices.
Overall, while Foundation For Good Business shows strong financial management and a credible governance structure, addressing the identified gaps in policy documentation could enhance their overall standing and trustworthiness among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Good Business legitimate?
Foundation For Good Business is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Good Business 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.
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Official website here: www.specialsuperkids.com
What is the mission statement of Foundation For Good Business?
The Foundation for Good Business is committed to ensuring that children receive the necessary development, support, and education to establish a strong foundation for independence and success. The organization identifies and mentors young individuals with high potential, serving as an educational advocate to support and develop these students, ultimately aiding them in excelling in their academic pursuits and personal lives.
Official website here: www.specialsuperkids.com
Who is the CEO of Foundation For Good Business?
Rufus L Edmisten is the Executive Vp of Foundation For Good Business.
Official website here: www.specialsuperkids.com
What is the revenue of Foundation For Good Business?
Foundation For Good Business's revenue in 2022 was $111,295.
Official website here: www.specialsuperkids.com
Who are the executives of Foundation For Good Business and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.specialsuperkids.com
Where can I find the form 990 for Foundation For Good Business?
Foundation For Good Business's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.specialsuperkids.com
Learn more at the official website: www.specialsuperkids.com
Mission Statement of Foundation For Good Business
The Foundation for Good Business is committed to ensuring that children receive the necessary development, support, and education to lay a strong foundation for their independence and success. This nonprofit organization identifies young individuals with the potential to become high achievers and provides them with mentorship. Acting as an educational advocate, the Foundation for Good Business assists in supporting and developing these students, empowering them to excel in school and beyond.
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Impact
October, 2024
Foundation For Good Business has a significant impact by ensuring that children, particularly those from disadvantaged backgrounds, receive the development, support, and education necessary for independence and success. Through mentorship programs, the Foundation identifies and nurtures young individuals with high potential, guiding them toward becoming achievers in their communities.
By providing scholarships, the Foundation alleviates financial barriers that may hinder educational pursuits, thereby opening doors to better opportunities. Additionally, as an educational advocate, the Foundation plays a critical role in supporting and developing students, fostering not just academic success but also the life skills required to thrive beyond school. This holistic approach helps create a more equitable environment, empowering youth to realize their full potential and contribute positively to society.
This information is meant to be a general summary of Foundation For Good Business. 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: $31,603
- Gross Receipts: $522,411
Assets and Liabilities:
- Total Assets: $568,352
- Total Liabilities: $0
- Net Assets: $568,352
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Organization Details
Founding Year
1989
Phone
(919) 829-1988Principal Officer
Rufus L Edmisten
Main Address
PO BOX 26762, RALEIGH, NC, 276116762
Website
www.specialsuperkids.comNTEE Category
Code: B82 - Education
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