Overview
What is The Foundation?
The Foundation, identified as "The Friends of Mukhanyo," is a nonprofit organization based in Durham, North Carolina. They are recognized for their commitment to providing faith-based education and opportunities for vulnerable children in South Africa. This includes offering American teens the chance to lead and serve within this context. Through their mission, they aim to enhance educational prospects for underprivileged children, ensuring they have access to quality education. The organization operates under the name "The Friends of Mukhanyo."
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Star rating)
The Foundation has received a 63% rating from Charity Navigator, indicating a Two-Star status primarily based on its Accountability & Finance metrics. This score highlights concerns with governance and transparency, as the organization has several missing policies and documentation, which are crucial for public trust and operational integrity.
On a positive note, the nonprofit demonstrates strengths in certain areas, such as having a wholly independent board and no material diversion of assets. Additionally, its program expense ratio of 94.52% indicates that a significant portion of its expenditures goes directly to programs, showing a commitment to effective resource utilization.
However, the Foundation's performance is hampered by missing key policies such as conflict of interest, whistleblower, and document retention policies. Furthermore, the absence of a website link on its tax form and the lack of other required documentation may raise red flags for potential donors and stakeholders regarding its overall accountability and financial governance.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation legitimate?
The Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 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 The Foundation?
The Foundation's mission is centered around offering educational prospects to disadvantaged children in South Africa. This mission is carried out through various means, including providing a faith-based education and offering opportunities for American teenagers to lead and serve their community.
What is the revenue of The Foundation?
The Foundation's revenue in 2024 was $124,175.
Who are the executives of The Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for The Foundation?
The Foundation's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of The Foundation
The Foundation, a nonprofit organization, is committed to providing educational opportunities for underprivileged children in South Africa. Its mission is geared towards empowering these children by offering them a quality education, thereby transforming their lives and prospects. In addition to this, The Foundation also provides an avenue for American teens to lead and serve, fostering a sense of global responsibility and community involvement.
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Impact
October, 2024
The Foundation has significantly impacted the lives of underprivileged children in South Africa by providing them with access to quality educational opportunities. Its faith-based education approach not only addresses academic needs but also fosters personal development and resilience among vulnerable youth. Additionally, the organization engages American teens, allowing them to lead and serve, which cultivates a sense of global responsibility and empathy. This dual focus not only enriches the lives of the children in South Africa but also empowers the next generation of leaders in the United States. Through its mission, The Foundation promotes education as a transformative tool, helping to break the cycle of poverty and create lasting change within communities.
This information is meant to be a general summary of The 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 2024.
- Program Service Revenue: $2,645
- Gross Receipts: $124,175
Assets and Liabilities:
- Total Assets: $36,701
- Total Liabilities: $32,656
- Net Assets: $4,045
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Organization Details
Founding Year
2000
Principal Officer
Keith Brown
NTEE Category
Code: B99 - Education
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