Overview
What is Southern Federal Tax Institute Inc?
Southern Federal Tax Institute Inc, situated in Decatur, Georgia, is a dedicated adult education or ESL center. Their main objective, as stated in their mission, is to promote learning and education among adults. The institute specializes in providing valuable educational resources and opportunities, making it an essential part of the Decatur community. The institute's focus on adult education or ESL shows a commitment to supporting individuals in their personal and professional growth.
Official website here: www.sfti.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
Southern Federal Tax Institute Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas for improvement. The rating reflects a commendable program expense ratio of 68.93%, suggesting that the majority of its expenses are directed towards its programs, which is a positive aspect for contributors looking to support effective initiatives.
The organization excels in governance, with a fully independent board of directors and no material diversion of assets noted. However, the absence of key policies such as a conflict of interest policy, whistleblower policy, and a document retention and destruction policy raises concerns regarding its accountability and transparency practices. Additionally, the organization has not provided financial statements, which further contributes to its low score in the Accountability & Finance category.
Overall, while Southern Federal Tax Institute Inc shows potential through its programmatic focus and governance structure, the lack of fundamental financial policies and reporting could limit trust among potential donors and stakeholders. Addressing these gaps could significantly enhance the organization's overall effectiveness and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Federal Tax Institute Inc legitimate?
Southern Federal Tax Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Federal Tax Institute 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.
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Official website here: www.sfti.org
What is the mission statement of Southern Federal Tax Institute Inc?
The Southern Federal Tax Institute, being an adult education or ESL center, is dedicated to the pursuit of education as its mission. This organization focuses on providing educational opportunities, fostering a learning environment that caters to adults and those learning English as a second language. The institute's primary goal is to facilitate knowledge acquisition and skill development, contributing to personal and professional growth.
Official website here: www.sfti.org
Who is the CEO of Southern Federal Tax Institute Inc?
Jeffery S Drummonds is the Trustee of Southern Federal Tax Institute Inc.
Official website here: www.sfti.org
What is the revenue of Southern Federal Tax Institute Inc?
Southern Federal Tax Institute Inc's revenue in 2023 was $709,057.
Official website here: www.sfti.org
Who are the executives of Southern Federal Tax Institute Inc and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.sfti.org
Where can I find the form 990 for Southern Federal Tax Institute Inc?
Southern Federal Tax Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sfti.org
Learn more at the official website: www.sfti.org
Mission Statement of Southern Federal Tax Institute Inc
Southern Federal Tax Institute, as an adult education or ESL center, is dedicated to the pursuit of knowledge and skill development. Their primary mission is centered around education, aiming to equip individuals with the necessary tools for personal growth and advancement. This nonprofit organization is committed to fostering a learning environment that caters to adults, providing them with the opportunity to expand their horizons and enhance their abilities.
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Impact
July, 2024
The Southern Federal Tax Institute Inc's impact lies in providing adult education in the field of taxation in Decatur, GA. Through its educational programs, it helps individuals enhance their knowledge and skills in federal tax matters, ultimately empowering them to excel in this specialized field. This organization plays a crucial role in disseminating relevant information and fostering professional development within the taxation sector, contributing to a more knowledgeable and competent workforce.
This information is meant to be a general summary of Southern Federal Tax Institute 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 2023.
- Investment Income: $49,971
- Program Service Revenue: $659,086
- Gross Receipts: $820,232
Assets and Liabilities:
- Total Assets: $2,089,844
- Total Liabilities: $0
- Net Assets: $2,089,844
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$482,449
SPONSORSHIP INCOME
Revenue
$126,750
HOTEL/LODGING COMMISSIONS
Revenue
$25,302
EXHIBITOR FEES
Revenue
$24,400
OTHER INCOME
Revenue
$1,500
Organization Details
Founding Year
1965
Phone
(770) 640-8300Principal Officer
Jeffery S Drummonds
Main Address
2107 N DECATUR ROAD PMB 521, DECATUR, GA, 30033
Website
www.sfti.orgNTEE Category
Code: W22E - Public benefit
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