Overview
What is Embassy Of Hope Foundation Inc?
Embassy of Hope Foundation Inc, located in Daytona Beach, Florida, is a nonprofit organization dedicated to uplifting families and impacting young lives positively. They contribute to various charities with a similar mission, extending their reach beyond their local community. One of their notable initiatives is offering three annual scholarships to deserving high school seniors, enabling them to pursue higher education despite financial constraints. Their primary objective is to generate resources, which they utilize to support organizations and individuals, ultimately enhancing the quality of life for families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Embassy Of Hope Foundation Inc has received an 80% score from Charity Navigator, which earns it a Three-Star rating. This rating signifies a strong level of accountability and financial health, calculated entirely based on the Accountability & Finance beacon. The foundation demonstrates excellent governance practices, including having a fully independent board and no material diversion of assets.
The organization excels in maintaining a high program expense ratio of 84.20%, indicating that a significant percentage of its expenses are directed towards its programs rather than administrative costs. Additionally, it has a perfect score for its liabilities to assets ratio, showcasing a sound financial position. The presence of a documented conflict of interest policy and board meeting minutes further reflects its commitment to transparency.
However, while the organization showcases strong financial metrics and governance, it may benefit from communicating its impact and program effectiveness more clearly to potential donors and stakeholders. Overall, Embassy Of Hope Foundation Inc presents itself as a reliable and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Embassy Of Hope Foundation Inc legitimate?
Embassy Of Hope Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Embassy Of Hope Foundation 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
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What is the mission statement of Embassy Of Hope Foundation Inc?
The Embassy of Hope Foundation Inc's mission is centered around generating resources to aid organizations and individuals in improving the quality of life for families and making a positive impact on young people's lives. Through its activities, the foundation seeks to influence these individuals in a meaningful way. The organization has contributed to over 20 charitable organizations with similar objectives, focusing on families and children. Furthermore, the foundation annually awards scholarships to high school seniors from the local community who wish to pursue higher education but cannot afford the tuition fees.
Who is the CEO of Embassy Of Hope Foundation Inc?
Michelle Carter is the Executive Di of Embassy Of Hope Foundation Inc.
What is the revenue of Embassy Of Hope Foundation Inc?
Embassy Of Hope Foundation Inc's revenue in 2022 was $91,784.
Who are the executives of Embassy Of Hope Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Embassy Of Hope Foundation Inc?
Embassy Of Hope Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Embassy Of Hope Foundation Inc
Embassy of Hope Foundation Inc is committed to generating resources that aid organizations and individuals in enhancing the quality of life for families and making a positive impact on the lives of young people. Their mission is to serve as a catalyst for change, providing assistance to entities sharing the same goal of supporting families and children. The foundation takes this responsibility seriously, contributing to over 20 charitable organizations with similar objectives.
In addition to its financial contributions, Embassy of Hope Foundation Inc also offers three annual scholarships to high school seniors in the local community. These scholarships are granted to students who wish to further their education at the college level but lack the financial means to do so. By providing these scholarships, the foundation is not only investing in the future of these young individuals but also contributing to the betterment of their families and communities. This proactive approach to philanthropy allows Embassy of Hope Foundation Inc to extend its reach and influence, making a meaningful difference in the lives of many.
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Impact
October, 2024
Embassy Of Hope Foundation Inc significantly enhances the quality of life for families and positively influences young people in the community. By generating resources, the foundation supports over 20 charitable organizations that align with its mission to assist families and children in need. A key component of its impact is the provision of three annual scholarships specifically for high school seniors in the local area, enabling students who might otherwise struggle to afford college tuition to pursue higher education. This not only helps to empower individuals but also contributes to the overall betterment of the community in Daytona Beach, Florida. Through these initiatives, the foundation plays a pivotal role in fostering educational opportunities and enriching the lives of families and young people.
This information is meant to be a general summary of Embassy Of Hope Foundation 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.
- Program Service Revenue: $49,894
- Gross Receipts: $91,784
Assets and Liabilities:
- Total Assets: $99,214
- Total Liabilities: $0
- Net Assets: $99,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL EVENTS
Revenue
$49,894
Organization Details
Founding Year
1998
Phone
(386) 239-8215Principal Officer
Michelle Carter
Main Address
1255 W INTERNATIONAL SPEEDWAY BLVD, DAYTONA BEACH, FL, 32114
NTEE Category
Code: T30 - Philanthropy
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