Overview
What is Valley Alliance Of Mentors For Opportunities And?
Valley Alliance of Mentors for Opportunities and Services, commonly known as VAMOS, is a nonprofit organization headquartered in McAllen, Texas. The primary focus of VAMOS is to offer scholarships, financial assistance, and educational opportunities to low-income high school graduates residing in Hidalgo, Cameron, and Starr counties. Their mission is to provide renewable scholarships to deserving Hispanic students, enabling them to complete their secondary education. VAMOS, with a team of four dedicated individuals, strives to make a difference in the lives of its community members, ensuring access to education and bettering their future prospects.
Official website here: www.vamosscholars.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Valley Alliance Of Mentors For Opportunities And has received a high rating, reflecting its strong performance in both accountability and financial management as well as its impact measurement. The organization boasts an impressive 100% of independent board members and demonstrates a sound fiscal strategy with a low liabilities to assets ratio of 4.37%. However, it does have some gaps in governance practices, notably a missing conflict of interest policy, whistleblower policy, and document retention policy.
The nonprofit excels in its impact measurement, achieving a perfect score of 100. This indicates that the organization is effectively assessing and evaluating the outcomes of its programs. Their approach to increasing scholarship recipient income shows a remarkable return on investment, generating over $1.50 for every dollar spent on scholarships. This highlights the organization's commitment to making a meaningful difference in the lives of those it serves.
While the overall financial health appears robust, the absence of certain governance policies may warrant attention for potential improvement. Addressing these gaps will not only enhance its accountability practices but also strengthen stakeholder trust and support for its mission. Overall, Valley Alliance Of Mentors For Opportunities And is a well-rated nonprofit making significant contributions through its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Alliance Of Mentors For Opportunities And legitimate?
Valley Alliance Of Mentors For Opportunities And is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Alliance Of Mentors For Opportunities And 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: $41,780
For more financial information, click here
Official website here: www.vamosscholars.org
What is the mission statement of Valley Alliance Of Mentors For Opportunities And?
The Valley Alliance of Mentors for Opportunities and Missions is dedicated to supporting deserving Hispanic students from Hidalgo, Cameron, and Starr counties. Their primary objective is to offer renewable scholarships, enabling these students to complete their secondary education. By providing financial assistance and educational opportunities, the organization aims to empower low-income high school graduates in the Rio Grande Valley.
Official website here: www.vamosscholars.org
Who is the CEO of Valley Alliance Of Mentors For Opportunities And?
Dr Armando Moncada is the Member of Valley Alliance Of Mentors For Opportunities And.
Official website here: www.vamosscholars.org
What is the revenue of Valley Alliance Of Mentors For Opportunities And?
Valley Alliance Of Mentors For Opportunities And's revenue in 2022 was $13,036.
Official website here: www.vamosscholars.org
Who are the executives of Valley Alliance Of Mentors For Opportunities And and what are their salaries?
The average compensation at Valley Alliance Of Mentors For Opportunities And during 2022 was $10,445. There are 4 employees and 300 volunteers at Valley Alliance Of Mentors For Opportunities And.
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Official website here: www.vamosscholars.org
Where can I find the form 990 for Valley Alliance Of Mentors For Opportunities And?
Valley Alliance Of Mentors For Opportunities And's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vamosscholars.org
Learn more at the official website: www.vamosscholars.org
Mission Statement of Valley Alliance Of Mentors For Opportunities And
Valley Alliance of Mentors for Opportunities and, a nonprofit organization, is committed to providing renewable scholarships to deserving Hispanic students residing in Hidalgo, Cameron, and Starr counties. The primary objective of this organization is to aid these students in completing their secondary education. By offering financial assistance and educational opportunities, Valley Alliance of Mentors for Opportunities and seeks to support low-income high school graduates living in the Rio Grande Valley. The nonprofit's mission is to empower these students, enabling them to overcome financial barriers and pursue their educational goals, ultimately leading to a brighter future.
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Impact
August, 2024
Valley Alliance of Mentors for Opportunities And is making a significant impact by providing renewable scholarships to deserving Hispanic students in Hidalgo, Cameron, and Starr counties. This initiative is helping low-income high school graduates in the Rio Grande Valley to access educational opportunities and financial assistance to complete their secondary education. The organization's mission to support Hispanic students in pursuing higher education is positively influencing the lives of individuals and the community as a whole.
This information is meant to be a general summary of Valley Alliance Of Mentors For Opportunities And. 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: $3,459
- Gross Receipts: $84,353
Assets and Liabilities:
- Total Assets: $1,067,347
- Total Liabilities: $58,120
- Net Assets: $1,009,227
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Organization Details
Founding Year
1996
Principal Officer
Dr Armando Moncada
Main Address
PO BOX 6882, McAllen, TX, 78502
Website
www.vamosscholars.orgNTEE Category
Code: B82 - Education
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