Overview
What is Hope Foundation For Aspiring Youth?
Hope Foundation for Aspiring Youth is a nonprofit organization that serves a broad community, aiming to benefit not just the local area but also the state, nation, and the world at large. One of its key initiatives is a gymnastics program, which is just one of the various programs it offers. The organization also extends financial aid through scholarships to individuals who require assistance in funding their academic, athletic, or artistic pursuits. Additionally, Hope Foundation for Aspiring Youth boasts a proshop, offering related products and services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%, Two-Star out of Four Star rating)
The Hope Foundation For Aspiring Youth has received a "Needs Improvement" rating from Charity Navigator, reflecting significant strengths in certain areas while also highlighting key limitations. The organization has achieved a perfect score for its accountability and finance practices, particularly with 100% of its board composed of independent members and a low liabilities to assets ratio of 0.56%. Additionally, the program expense ratio is commendable at 81.29%, suggesting that a large portion of its expenditures supports its programs.
However, the rating is adversely impacted by a lack of transparency and missing policies. The foundation has not provided financial statements, nor does it have key governance documents, including a conflict of interest policy, whistleblower policy, or a document retention and destruction policy. Furthermore, its website is not listed on the tax form, and the tax form itself is not made available on the nonprofit's website, which raises concerns about accountability and accessibility of information.
Overall, while the Hope Foundation For Aspiring Youth demonstrates strong financial management and a commitment to its programs, significant gaps in transparency and governance practices need to be addressed to improve its standing and accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Foundation For Aspiring Youth legitimate?
Hope Foundation For Aspiring Youth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Foundation For Aspiring Youth 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: $72,663
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,363
For more financial information, click here
What is the mission statement of Hope Foundation For Aspiring Youth?
The Hope Foundation for Aspiring Youth is committed to supporting the community, both locally and globally, through various programs. Among these initiatives, they offer a gymnastics program. Recognizing the financial challenges some individuals face, the foundation provides scholarships to assist those requiring aid in funding their academic, athletic, or artistic pursuits. The organization also has a proshop.
What is the revenue of Hope Foundation For Aspiring Youth?
Hope Foundation For Aspiring Youth's revenue in 2023 was $921,862.
Who are the executives of Hope Foundation For Aspiring Youth and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $39,428
- Related: $0
- Other: $0
- Compensation: $33,235
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hope Foundation For Aspiring Youth?
Hope Foundation For Aspiring Youth's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hope Foundation For Aspiring Youth
The Hope Foundation for Aspiring Youth is an organization that is dedicated to providing a variety of programs that contribute positively to the community, state, nation, and the world. One of their notable initiatives is a gymnastics program. Beyond this, they offer scholarships to individuals who require financial assistance in pursuing their academic, athletic, or artistic ventures. The foundation, through its Victory Gymnastics program, aims to make these opportunities accessible to those who might otherwise be unable to afford them. The Hope Foundation for Aspiring Youth is committed to empowering and supporting individuals in their personal and athletic journeys, thereby contributing to the betterment of society as a whole.
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Impact
July, 2024
Hope Foundation For Aspiring Youth, through its Victory Gymnastics program, has made a significant impact on the community, state, nation, and world. By providing access to gymnastics programs and offering scholarships to support individuals in their academic, athletic, or artistic pursuits, the organization has positively influenced the lives of many individuals. Additionally, the inclusion of a pro shop further enhances the opportunities available to the community. Hope Foundation For Aspiring Youth's commitment to empowering aspiring youth through its various offerings demonstrates its dedication to fostering growth and success in individuals of all backgrounds.
This information is meant to be a general summary of Hope Foundation For Aspiring Youth. 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: $37,231
- Program Service Revenue: $851,339
- Gross Receipts: $961,278
Assets and Liabilities:
- Total Assets: $447,227
- Total Liabilities: $2,561
- Net Assets: $444,666
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Enrollment fees & tuiti
Revenue
$851,339
Organization Details
Founding Year
2000
Principal Officer
Allyson Reneau
NTEE Category
Code: N70 - Recreation
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