Overview
What is Florida Fund For Minority Teachers Inc?
Florida Fund For Minority Teachers Inc is a nonprofit organization located in Gainesville, Florida. Their primary mission is to encourage and foster the recruitment and retention of minority individuals in the educational and teaching fields. To achieve this goal, they offer financial assistance in the form of semester scholarships to eligible students pursuing higher education in Florida's universities. With a team of just two dedicated individuals, they prioritize supporting the future generation of minority teachers in the state.
Official website here: www.ffmt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Florida Fund For Minority Teachers Inc has earned a high rating of 96%, indicating strong performance in accountability and finance. This score reflects a commitment to transparency and effective management, with a full 100% of its board members being independent, which enhances governance quality. The charity's financial practices are robust, as demonstrated by a program expense ratio of 94.70%, ensuring that a significant portion of funds directly supports its mission.
Strengths highlighted in the evaluation include a well-structured board and comprehensive policies that promote ethical practices, such as a conflict of interest policy and a whistleblower policy. The organization has also demonstrated sound financial oversight with no material diversion of assets and effective management of its liabilities to assets ratio. These elements contribute to the charity's credibility and reliability in handling donations.
While the rating and feedback are overwhelmingly positive, the evaluation primarily focuses on financial management and accountability, with no specific details on programmatic impact or beneficiary feedback. Overall, the Florida Fund For Minority Teachers Inc stands out for its governance and financial integrity, making it a trustworthy option for donors looking to support minority teacher initiatives in Florida.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Fund For Minority Teachers Inc legitimate?
Florida Fund For Minority Teachers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Fund For Minority Teachers 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: $130,265
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ffmt.org
What is the mission statement of Florida Fund For Minority Teachers Inc?
The Florida Fund For Minority Teachers Inc is committed to furthering its mission by offering scholarships to eligible college students. This organization aims to encourage and support minorities in pursuing careers in education and academia, specifically in the state of Florida. By providing financial assistance in the form of semester scholarships, the organization aims to foster a diverse pool of future teachers. The Florida Fund For Minority Teachers Inc strives to contribute to the educational community by investing in the academic journeys of minority students, thereby promoting diversity and inclusion in the teaching profession.
Official website here: www.ffmt.org
Who is the CEO of Florida Fund For Minority Teachers Inc?
William Spiers is the Treasurer of Florida Fund For Minority Teachers Inc.
Official website here: www.ffmt.org
What is the revenue of Florida Fund For Minority Teachers Inc?
Florida Fund For Minority Teachers Inc's revenue in 2022 was $930,146.
Official website here: www.ffmt.org
Who are the executives of Florida Fund For Minority Teachers Inc and what are their salaries?
The average compensation at Florida Fund For Minority Teachers Inc during 2022 was $65,132. There are 2 employees and 3 volunteers at Florida Fund For Minority Teachers Inc.
Here are 13 key members and their salaries:
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Official website here: www.ffmt.org
Where can I find the form 990 for Florida Fund For Minority Teachers Inc?
Florida Fund For Minority Teachers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ffmt.org
Learn more at the official website: www.ffmt.org
Mission Statement of Florida Fund For Minority Teachers Inc
Florida Fund for Minority Teachers Inc is committed to its mission of aiding eligible college students in Florida. This mission is centered around providing scholarships to encourage and support the recruitment and retention of minority individuals in the educational and teaching academia. By offering semester scholarships to students within Florida's universities and higher education institutions, the organization aims to foster a future generation of diverse teachers in the state. This initiative not only supports the financial needs of these students but also plays a significant role in promoting diversity and inclusion in the educational sector.
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Impact
July, 2024
Florida Fund For Minority Teachers Inc's impact is significant in addressing the underrepresentation of minority teachers in the educational field in the state of Florida. By providing scholarships to eligible college students, the organization is actively recruiting and retaining minorities in the teaching academia. This not only supports the academic pursuits of these students but also contributes to the diversification of the teaching workforce in Florida. By offering financial support in the form of semester scholarships, the organization is playing a crucial role in paving the way for future minority teachers in the state.
This information is meant to be a general summary of Florida Fund For Minority Teachers 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: $3
- Gross Receipts: $930,146
Assets and Liabilities:
- Total Assets: $372,899
- Total Liabilities: $187,114
- Net Assets: $185,785
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Organization Details
Founding Year
1997
Phone
(352) 273-4364Principal Officer
William Spiers
Main Address
PO Box 112010, Gainesville, FL, 32611
Website
www.ffmt.orgNTEE Category
Code: B82 - Education
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