Overview
What is Spelman College Special Ventures Fund Inc?
Spelman College Special Ventures Fund Inc is a charitable and educational corporation based in Atlanta, Georgia, specifically located at 350 Spelman Lane SW, with the ZIP code 30314. The primary function of this nonprofit organization is to manage and invest funds for the benefit of Spelman College. They receive, hold, and invest contributions and donations to support the educational institution.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Spelman College Special Ventures Fund Inc has received a 79% rating from Charity Navigator, indicating a solid level of accountability and financial management. The score is derived entirely from its Accountability & Finance metrics, reflecting the organization's commitment to transparency and ethical governance practices.
The Fund demonstrates notable strengths, including a perfect score in key areas like audit oversight, absence of asset diversion, and robust policies for conflict of interest and whistleblower protections. Furthermore, a high program expense ratio of 96.38% signifies that a significant portion of its resources is allocated directly to its mission-driven activities, enhancing its impact.
However, while the overall rating is commendable, potential donors might still seek further detail about the organization's program outcomes and effectiveness, as the score is primarily focused on financial governance rather than programmatic achievements. This could inform a more comprehensive understanding of the Fund's impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Spelman College Special Ventures Fund Inc legitimate?
Spelman College Special Ventures Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spelman College Special Ventures Fund 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 Spelman College Special Ventures Fund Inc?
The Spelman College Special Ventures Fund Inc serves as a charitable and educational corporation, devoted to benefiting Spelman College. Its primary mission is to manage and invest funds for the college's benefit. This nonprofit organization plays a crucial role in enhancing the educational experience and resources available to Spelman College.
Who is the CEO of Spelman College Special Ventures Fund Inc?
Unavailable
What is the revenue of Spelman College Special Ventures Fund Inc?
Spelman College Special Ventures Fund Inc's revenue in 2022 was $24,739,812.
Who are the executives of Spelman College Special Ventures Fund Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $234,946
- Other: $39,709
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $428,689
- Other: $40,213
- Compensation: $0
- Related: $388,756
- Other: $23,232
Where can I find the form 990 for Spelman College Special Ventures Fund Inc?
Spelman College Special Ventures Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spelman College Special Ventures Fund Inc
Spelman College Special Ventures Fund, Inc. is a charitable and educational corporation established to support Spelman College. This organization's primary mission lies in receiving, investing, holding, and managing funds for the benefit of the esteemed institution. By doing so, it contributes significantly to the ongoing success and growth of Spelman College.
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Impact
October, 2024
Spelman College Special Ventures Fund Inc plays a crucial role in enhancing the educational landscape at Spelman College. By receiving, investing, holding, and managing funds, it supports the institution's mission to provide high-quality education and resources for its students. This financial backing enables Spelman College to expand its academic offerings, improve facilities, and provide scholarships to deserving students, thereby fostering an environment where young women of African descent can thrive academically and personally. The Fund's activities contribute significantly to the overall advancement of the college, empowering its students to become impactful leaders in society. Overall, its efforts ensure that Spelman College continues to uphold its commitment to excellence in education and contributes to the empowerment of future generations.
This information is meant to be a general summary of Spelman College Special Ventures Fund 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.
- Investment Income: $24,739,812
- Gross Receipts: $91,957,849
Assets and Liabilities:
- Total Assets: $277,718,955
- Total Liabilities: $25,000
- Net Assets: $277,693,955
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Organization Details
Founding Year
1982
Phone
(404) 681-3643Main Address
350 SPELMAN LANE SW, ATLANTA, GA, 30314
NTEE Category
Code: B110 - Education
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