Overview
What is Memphis Boys' Club Foundation?
The Memphis Boys' Club Foundation is a charitable organization situated at 44 REMBERT, MEMPHIS, TN 38104. Its primary purpose is to support the initiatives and programs of the Boys and Girls Clubs of Greater Memphis. This nonprofit organization aims to contribute to the growth and development of young individuals in the local community, offering various resources and opportunities. The exact nature of these programs and initiatives is not specified in the provided information, but it can be inferred that they aim to foster personal development, learning, and social interaction for young boys and girls in Memphis.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Memphis Boys' Club Foundation has earned a Two-Star rating due to its overall score of 73%. This score is based entirely on its Accountability and Finance metrics, which reflect a strong emphasis on responsible financial practices. Notably, the organization has achieved perfect scores in several key areas, including the composition of its board, which consists of 100% independent members, and its excellent ratio of liabilities to assets, indicating strong financial health.
The foundation demonstrates a high level of transparency and accountability, as evidenced by its documentation of board meeting minutes and the absence of material diversion of assets. These factors contribute positively to its financial credibility. However, the overall rating suggests that there may be room for improvement in other areas that could enhance the foundation's performance and perception among stakeholders.
While the Memphis Boys' Club Foundation showcases strong governance and financial management, potential donors might want to consider seeking additional insights into its program effectiveness and community impact to fully assess its overall performance and alignment with giving priorities.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Boys' Club Foundation legitimate?
Memphis Boys' Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Boys' Club Foundation 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 Memphis Boys' Club Foundation?
The Memphis Boys' Club Foundation is dedicated to supporting the programs of the Boys and Girls Clubs of Greater Memphis. This commitment involves providing resources and aid to enhance the initiatives and activities offered by this esteemed organization. By doing so, the foundation aims to contribute positively to the development and growth of young individuals within the community. The programs under their support encompass a wide range of educational, recreational, and character-building activities, ultimately aiming to empower and uplift the youth.
Who is the CEO of Memphis Boys' Club Foundation?
Tom Dyer is the Trustee of Memphis Boys' Club Foundation.
What is the revenue of Memphis Boys' Club Foundation?
Memphis Boys' Club Foundation's revenue in 2022 was $39,662.
Who are the executives of Memphis Boys' Club Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Memphis Boys' Club Foundation?
Memphis Boys' Club Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Memphis Boys' Club Foundation
The Memphis Boys' Club Foundation is dedicated to supporting the programs of the Boys and Girls Clubs of Greater Memphis. This nonprofit organization plays a crucial role in bolstering the initiatives of these clubs, aiming to positively impact the lives of children in the community. By providing its unwavering support, the Memphis Boys' Club Foundation contributes to the overall success and impact of the Boys and Girls Clubs of Greater Memphis. The mission of the Memphis Boys' Club Foundation is to empower and uplift the youth through the programs offered by the Boys and Girls Clubs, fostering a nurturing environment that encourages personal growth and development.
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Impact
August, 2024
The Memphis Boys' Club Foundation plays a crucial role in supporting the programs of the Boys and Girls Clubs of Greater Memphis. Through its dedicated efforts, the foundation significantly impacts the youth development initiatives in the Memphis area. Its support directly contributes to providing opportunities, guidance, and resources for young individuals to thrive and reach their full potential. This impactful work helps create a positive and nurturing environment for the youth, empowering them to build a better future for themselves and their community.
This information is meant to be a general summary of Memphis Boys' Club Foundation. 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: $39,662
- Gross Receipts: $152,811
Assets and Liabilities:
- Total Assets: $914,092
- Total Liabilities: $0
- Net Assets: $914,092
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Organization Details
Founding Year
1969
Phone
(901) 278-2947Principal Officer
Tom Dyer
Main Address
44 REMBERT, MEMPHIS, TN, 381044018
NTEE Category
Code: O21I - Youth development
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