Overview
What is The Ivy Center Foundation Of Nashville Inc?
The Ivy Center Foundation of Nashville Inc, situated in Nashville, Tennessee, is a charitable organization with a focus on providing scholarships and community support. They sponsor the Precious Pearls Cotillion, a biennial event that includes various activities for young ladies aged 18-19, culminating in a debutante ball. Proceeds from this event are utilized to grant scholarships to deserving high school students and contribute to local charitable organizations. Furthermore, The Ivy Center Foundation offers its facilities to public charities for conducting their programs and engages in community-related activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating
The Ivy Center Foundation of Nashville Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The foundation boasts an impressive score of 80%, reflecting its strong governance practices and financial health, with a specific emphasis on transparency and responsible management of funds.
One of the organization's key strengths is its fully independent board, consisting of 23 members, which underscores its commitment to sound oversight. Additionally, the foundation has effectively managed its assets, reporting no material diversions, and maintains a favorable liabilities to assets ratio of 2.24%. It also has robust policies in place, including a clear conflict of interest policy and documented meeting minutes, which further enhance its accountability.
While the overall score is commendable, it is important to note that the rating is based solely on one area: Accountability & Finance. This focus may limit a comprehensive understanding of the organization's impact and effectiveness in program delivery. However, the foundation's strong financial practices are a positive indicator of its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is The Ivy Center Foundation Of Nashville Inc legitimate?
The Ivy Center Foundation Of Nashville Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ivy Center Foundation Of Nashville 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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What is the mission statement of The Ivy Center Foundation Of Nashville Inc?
The Ivy Center Foundation of Nashville Inc, as a charitable organization, has a mission to provide scholarships to deserving young individuals in the community and make contributions to support the programs of public charities. Additionally, the foundation operates several programs to benefit other charities. One of its notable initiatives is the Precious Pearls Cotillion, a biennial event that provides young ladies between the ages of 18 and 19 with various activities leading up to a debutante ball. The proceeds from this event are utilized to provide scholarships for high school students and support local charitable community organizations. Furthermore, The Ivy Center Foundation of Nashville Inc also provides facilities for public charities to conduct their programs and for community-related activities.
Who is the CEO of The Ivy Center Foundation Of Nashville Inc?
Latrisha Jemison is the President of The Ivy Center Foundation Of Nashville Inc.
What is the revenue of The Ivy Center Foundation Of Nashville Inc?
The Ivy Center Foundation Of Nashville Inc's revenue in 2022 was $46,684.
Who are the executives of The Ivy Center Foundation Of Nashville Inc and what are their salaries?
There 100 volunteers at The Ivy Center Foundation Of Nashville Inc.
Here are 23 key members and their salaries:
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Where can I find the form 990 for The Ivy Center Foundation Of Nashville Inc?
The Ivy Center Foundation Of Nashville Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Ivy Center Foundation Of Nashville Inc
The Ivy Center Foundation of Nashville Inc, a notable nonprofit entity, is committed to supporting deserving young individuals in the community. It achieves this mission through various means. Firstly, the organization offers scholarships to promising young men and women, recognizing their potential and providing them with the financial aid they need to pursue their education.
Beyond scholarships, The Ivy Center Foundation of Nashville Inc also extends its support to public charities by contributing to their programs. Additionally, the foundation operates several programs specifically designed to benefit other charitable organizations. One of its most notable initiatives is the Precious Pearls Cotillion, a biannual event that provides young ladies between the ages of 18 and 19 with a series of activities leading up to the debutante ball. These activities include events like the Father-Daughter Breakfast, Career Smorgasbord, Charm School, Escort's Workshop, Mother-Daughter Luncheon, and numerous community service activities and workshops. The proceeds from this event are then used to grant scholarships to high school students and to support local charitable community organizations.
In summary, The Ivy Center Foundation of Nashville Inc is a charitable organization that provides scholarships to deserving young individuals, contributes to the programs of public charities, and operates various initiatives to benefit other charities. Its most notable initiative is the Precious Pearls Cotillion, a biannual event that culminates in a debutante ball and provides young ladies with a series of educational and community service activities, with the proceeds being used to support scholarships and local charities.
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Impact
August, 2024
The Ivy Center Foundation Of Nashville Inc's impact can be seen through its provision of scholarships to deserving young individuals within the community, particularly focusing on young ladies and young men. Additionally, the foundation contributes to public charities to support their programs and operates various initiatives for the benefit of other charitable organizations. Through its Precious Pearls Cotillion event and other activities such as career development workshops, community service projects, and scholarship awards, The Ivy Center Foundation plays a vital role in empowering and supporting the youth in Nashville. Overall, the foundation's dedication to philanthropy and community service makes a significant impact on the local area.
This information is meant to be a general summary of The Ivy Center Foundation Of Nashville 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: $409
- Gross Receipts: $46,684
Assets and Liabilities:
- Total Assets: $1,054,008
- Total Liabilities: $23,699
- Net Assets: $1,030,309
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Organization Details
Founding Year
1985
Phone
(615) 319-4794Principal Officer
Latrisha Jemison
Main Address
4344 ASHLAND CITY HIGHWAY, NASHVILLE, TN, 372182402
NTEE Category
Code: T30 - Philanthropy
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