Overview
What is Phi Lambda Educational Foundation Inc?
Phi Lambda Educational Foundation Inc is a nonprofit organization situated in Raleigh, North Carolina. Their primary mission is to empower socio-economically disadvantaged and underserved youth from Wake and Johnston counties through an academic and life skills program. This holistic approach aims to foster the overall success of these young individuals. As part of their efforts, the foundation has awarded scholarships worth $1,000 each to six students graduating from Wake and Johnston High Schools. Their activities are centered around student and family education, ensuring that they can provide the necessary support to their target demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars
Phi Lambda Educational Foundation Inc has a low overall rating of 47%, resulting in a Zero-Star out of Four Stars designation. This score is entirely based on its Accountability & Finance performance. While the organization demonstrates strong governance practices, such as having a majority of independent board members and a documented conflict of interest policy, these positives are overshadowed by critical weaknesses.
The foundation's financial metrics raise concerns, particularly its low program expense ratio of 24.57%, indicating that a significant portion of its funds may not be directed toward its core mission. Additionally, while the organization has no material diversion of assets, its lack of a tax form on its website contributes to a poor assessment of transparency, which negatively affects its score.
Overall, while Phi Lambda Educational Foundation Inc exhibits some strong governance features, its financial management appears to be lacking. The combination of low program spending and transparency issues highlights areas for improvement that potential donors should consider before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Phi Lambda Educational Foundation Inc legitimate?
Phi Lambda Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phi Lambda Educational Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Phi Lambda Educational Foundation Inc?
The Phi Lambda Educational Foundation Inc's mission is centered around providing educational support for socio-economically disadvantaged and underserved youths in Wake and Johnston counties. Their objective is to implement academic and life skills programs, adopting a holistic approach to ensure the success of these students. The foundation has shown its commitment by awarding scholarships to six graduating students from local high schools, totaling $1000 each.
Who is the CEO of Phi Lambda Educational Foundation Inc?
Mr Orrin Haywood is the President of Phi Lambda Educational Foundation Inc.
What is the revenue of Phi Lambda Educational Foundation Inc?
Phi Lambda Educational Foundation Inc's revenue in 2022 was $77,728.
Who are the executives of Phi Lambda Educational Foundation Inc and what are their salaries?
There 35 volunteers at Phi Lambda Educational Foundation Inc.
Here are 10 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
- 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 Phi Lambda Educational Foundation Inc?
Phi Lambda Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phi Lambda Educational Foundation Inc
Phi Lambda Educational Foundation Inc is dedicated to improving the lives of socio-economically disadvantaged and underserved youth in Wake and Johnston counties. Their mission is to implement an academic and life skills program that fosters a holistic approach to success. This nonprofit organization aims to empower these youths, providing them with the tools necessary to thrive both in their educational pursuits and in their personal lives.
To accomplish this, Phi Lambda Educational Foundation Inc awards scholarships to students graduating from high schools in Wake and Johnston counties. These scholarships, each worth $1000, serve as a financial boost for deserving students, allowing them to continue their education and pursue their dreams. By providing these scholarships, the foundation is not only supporting the students financially but also encouraging their academic and personal growth. The scholarships are a testament to the foundation's commitment to empowering young individuals and helping them overcome the challenges they face.
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
August, 2024
Phi Lambda Educational Foundation Inc has awarded six $1000.00 scholarships to students graduating from Wake and Johnston High Schools, implementing academic and life skills programs that promote a holistic approach to the success of socio-economically disadvantaged and underserved youths in Wake and Johnston counties. This impact is particularly significant in providing educational opportunities and support to students in need.
This information is meant to be a general summary of Phi Lambda Educational Foundation 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.
- Gross Receipts: $110,217
Assets and Liabilities:
- Total Assets: $311,531
- Total Liabilities: $0
- Net Assets: $311,531
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1997
Phone
(919) 349-1992Principal Officer
Mr Orrin Haywood
Main Address
PO BOX 27641, RALEIGH, NC, 276117641
NTEE Category
Code: L20Z - Housing
If you are a representative of Phi Lambda Educational Foundation 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.