Overview
What is Diaspora Foundation?
The Diaspora Foundation is a public charity dedicated to aiding seminary students by offering scholarships and addressing their emergency needs. This nonprofit organization plays a crucial role in supporting the education and well-being of these students, contributing to the development of religious leaders and scholars.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Diaspora Foundation has achieved a commendable Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score of 80%, the organization demonstrates a commitment to transparency and effective management of resources, evident in its impressive Program Expense Ratio of 99.22%, indicating that a significant majority of its funds are allocated directly to its programs.
One of the standout features of the foundation is its governance structure, which boasts 100% independent board members. This independence, along with a well-documented conflict of interest policy and the regular documentation of board meeting minutes, underscores the foundation's dedication to ethical governance practices. Additionally, the absence of material diversions of assets highlights its financial integrity.
While the foundation showcases strong financial practices and governance, there are no specific limitations noted in the data provided, suggesting that it largely meets or exceeds the expectations set for nonprofit organizations. Overall, the Diaspora Foundation appears to be a responsible and effective entity, successfully prioritizing its mission while maintaining transparency and accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Diaspora Foundation legitimate?
Diaspora Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Diaspora 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Diaspora Foundation?
The Diaspora Foundation's mission is centered around providing financial aid, specifically scholarships and emergency assistance, to students pursuing their seminary education. Acting as a public foundation, they strive to alleviate financial burdens and ensure that these students can continue their studies unhindered. Their activities are geared towards supporting these students in their academic journey, demonstrating a commitment to educational accessibility.
Who is the CEO of Diaspora Foundation?
Karl Butz Iii is the Trustee of Diaspora Foundation.
What is the revenue of Diaspora Foundation?
Diaspora Foundation's revenue in 2023 was $161,339.
Who are the executives of Diaspora Foundation and what are their salaries?
There 6 volunteers at Diaspora Foundation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Diaspora Foundation?
Diaspora Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Diaspora Foundation
The Diaspora Foundation, as a public charity, is dedicated to supporting seminary students by providing scholarships and addressing their emergency needs. This nonprofit organization's mission is to alleviate the financial burdens that seminary students often face, enabling them to focus on their academic pursuits and spiritual growth. By offering scholarships, the Diaspora Foundation helps deserving students overcome financial barriers and gain access to quality education. Moreover, in times of emergency, the foundation extends a helping hand to ensure the students' basic needs are met, thereby ensuring their overall well-being and success in their studies.
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Impact
October, 2024
The Diaspora Foundation significantly impacts the educational landscape for seminary students by offering scholarships and addressing emergency needs. By alleviating financial burdens, the foundation enables students to focus on their studies and spiritual growth without the stress of economic hardship. This support is crucial for enhancing their educational experience, promoting retention rates, and ultimately fostering a new generation of leaders in their communities. Operating out of Fort Worth, TX, the foundation's mission directly contributes to advancing access to theological education and ensuring that students can equip themselves with the skills necessary for their future roles in ministry and service. Through its dedicated programs, the Diaspora Foundation plays a vital role in the lives of aspiring seminary students, creating opportunities for those who might otherwise struggle to meet the financial demands of their education.
This information is meant to be a general summary of Diaspora 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 2023.
- Investment Income: $162,942
- Gross Receipts: $161,339
Assets and Liabilities:
- Total Assets: $2,670,336
- Total Liabilities: $0
- Net Assets: $2,670,336
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Organization Details
Founding Year
1991
Phone
(254) 965-7321Principal Officer
Karl Butz Iii
Main Address
3625 ROGERS AVE, FORT WORTH, TX, 76109
NTEE Category
Code: T22Z - Philanthropy
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