Overview
What is Ronnie Kole Foundation?
The Ronnie Kole Foundation is a nonprofit organization situated in New Orleans, Louisiana. Their primary goal is to raise funds for various charitable causes, primarily through the annual "Jazz on the Bayou" event. The net proceeds from this event are directed towards supporting organizations, as demonstrated by their contributions to STARC (St. Tammany Association of Retarded Citizens), a nonprofit committed to empowering individuals with disabilities to reach their full potential as independent members of society. The Foundation's mission aligns with this, as it aims to utilize the event's revenues to positively impact the community and support worthy causes.
Official website here: www.jazzonthebayou.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The Ronnie Kole Foundation received a low rating of 56%, which indicates significant concerns regarding its accountability and financial practices. One critical issue is that the board lacks any independent members, which can compromise the organization’s governance and transparency. Additionally, the foundation does not have essential policies in place, such as a conflict of interest policy and a whistleblower policy, which are important for maintaining ethical standards.
On a positive note, the organization demonstrates strong program expense efficiency, with 98.12% of its expenses going directly towards its programs. This high ratio suggests that the foundation is committed to its mission and effectively utilizing its resources for programmatic work. Furthermore, it has no material diversion of assets, indicating solid financial stewardship in that regard.
Despite these strengths, the lack of necessary governance policies and independent oversight raises red flags about the foundation's overall accountability. The absence of these elements could diminish public trust and hinder the potential for long-term sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Ronnie Kole Foundation legitimate?
Ronnie Kole Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ronnie Kole 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
Official website here: www.jazzonthebayou.com
What is the mission statement of Ronnie Kole Foundation?
The Ronnie Kole Foundation's mission is centered around raising funds for various charities. They accomplish this through the net earnings derived from their annual event titled "Jazz on the Bayou." The funds collected are then channeled towards STARC, a non-profit organization dedicated to providing services and support systems that enable individuals with disabilities to fulfill their potential as independent and contributing members of society. The foundation's primary objective is to make a positive impact in the lives of those in need, utilizing the proceeds from their event as a means to achieve this.
Official website here: www.jazzonthebayou.com
Who is the CEO of Ronnie Kole Foundation?
Elizabeth Schneider is the Secretary of Ronnie Kole Foundation.
Official website here: www.jazzonthebayou.com
What is the revenue of Ronnie Kole Foundation?
Ronnie Kole Foundation's revenue in 2020 was $40,302.
Official website here: www.jazzonthebayou.com
Who are the executives of Ronnie Kole Foundation and what are their salaries?
There 59 volunteers at Ronnie Kole 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
Official website here: www.jazzonthebayou.com
Where can I find the form 990 for Ronnie Kole Foundation?
Ronnie Kole Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.jazzonthebayou.com
Learn more at the official website: www.jazzonthebayou.com
Mission Statement of Ronnie Kole Foundation
The Ronnie Kole Foundation, a charitable organization, is dedicated to raising funds for various causes. They accomplish this mission by leveraging the net proceeds from their annual event, "Jazz on the Bayou." The funds collected during this occasion are then distributed to organizations in need. One such beneficiary is STARC (St. Tammany Association of Retarded Citizens), a non-profit committed to providing services and support systems that enable individuals with disabilities to flourish and contribute positively to society as independent members. The Ronnie Kole Foundation's mission is to support such charitable endeavors, thereby making a significant impact in the lives of those in need.
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Impact
August, 2024
The Ronnie Kole Foundation's impact lies in its ability to raise funds for various charities, particularly benefiting organizations like STARC (St. Tammany Association of Retarded Citizens). By organizing the annual "Jazz on the Bayou" event, the foundation is able to generate net proceeds that are then donated to support individuals with disabilities in reaching their potential as independent contributing members of society. Through its efforts, the foundation contributes to the betterment of the community and the lives of those in need.
This information is meant to be a general summary of Ronnie Kole 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 2020.
- Gross Receipts: $45,377
Assets and Liabilities:
- Total Assets: $7,786
- Total Liabilities: $0
- Net Assets: $7,786
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Organization Details
Founding Year
2005
Phone
(504) 486-5917Principal Officer
Elizabeth Schneider
Main Address
MAIL 3637 CANAL STREET, NEW ORLEANS, LA, 70119
Website
www.jazzonthebayou.comNTEE Category
Code: A68 - Arts
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