Overview
What is Ibadan Descendants Of New York Inc?
Ibadan Descendants Of New York Inc is a nonprofit organization situated in Carmel, New York. Their primary focus is on promoting cultural heritage and fostering economic growth within the Ibadan community. Through educational initiatives, they aim to educate Ibadan descendants and preserve their cultural heritage. This social and cultural union serves as a platform for the community's development and growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Ibadan Descendants of New York Inc has received a solid rating of 84%, which reflects a commendable level of accountability and financial health. The organization excels in multiple areas, including having a fully independent board with 20 members and a clean record regarding asset diversion, indicating strong governance practices. Additionally, they maintain effective policies for conflict of interest and document retention.
A notable highlight is the charity's impressive program expense ratio of 100%, suggesting that all of its expenses are directed towards program activities, maximizing the impact of its funding. The liabilities to assets ratio stands at 0.00%, further emphasizing the organization's strong financial stability and lack of debt.
While the organization demonstrates strong governance and financial responsibility, potential donors may still benefit from reviewing specific program outcomes and community impact. Overall, Ibadan Descendants of New York Inc appears to be a well-managed organization committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ibadan Descendants Of New York Inc legitimate?
Ibadan Descendants Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ibadan Descendants Of New York 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 Ibadan Descendants Of New York Inc?
Ibadan Descendants Of New York Inc is a social-cultural union with a strong commitment to educating its members about their cultural heritage. The primary goal of this organization is to promote this heritage, thereby contributing to the economic growth of the town. By fostering a deeper understanding and appreciation of their cultural roots, the members are expected to contribute positively to their community's development. The union serves as a platform for cultural exchange and learning, aiming to preserve and celebrate their shared heritage.
Who is the CEO of Ibadan Descendants Of New York Inc?
Olusola Onifade is the President of Ibadan Descendants Of New York Inc.
What is the revenue of Ibadan Descendants Of New York Inc?
Ibadan Descendants Of New York Inc's revenue in 2022 was $1,307.
Who are the executives of Ibadan Descendants Of New York Inc 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 Ibadan Descendants Of New York Inc?
Ibadan Descendants Of New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ibadan Descendants Of New York Inc
Ibadan Descendants of New York Inc is a dedicated social and cultural union with a clear mission. Their primary objective is to educate individuals of Ibadan descent in promoting the town's cultural heritage. By doing so, they aim to contribute to the economic growth of the town. This organization is fully committed to fostering an understanding and appreciation of Ibadan's cultural heritage, which in turn, can stimulate local economic development.
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Impact
October, 2024
Ibadan Descendants Of New York Inc significantly impacts the community by actively promoting and preserving the cultural heritage of Ibadan people in the New York area. By educating Ibadan descendants about their roots and traditions, the organization helps strengthen cultural identity and fosters a sense of belonging among members. This cultural education not only enriches the lives of individuals but also encourages community cohesiveness and pride.
Moreover, by emphasizing the importance of cultural heritage, Ibadan Descendants Of New York Inc plays a vital role in fostering economic growth in Ibadan. As members gain a deeper understanding of their culture and how to celebrate it, they are inspired to support local initiatives and businesses back in Ibadan, thus contributing to the economic vitality of their hometown. The organization serves as a bridge that connects members of the Ibadan community in the diaspora with their ancestral roots, creating opportunities for collaboration and cultural exchange that ultimately benefit both communities. Through social cultural activities, events, and arts initiatives, they cultivate a vibrant environment where the rich heritage of Ibadan thrives, influencing future generations to appreciate and continue these traditions.
This information is meant to be a general summary of Ibadan Descendants Of New York 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.
- Gross Receipts: $28,769
Assets and Liabilities:
- Total Assets: $8,239
- Total Liabilities: $0
- Net Assets: $8,239
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Organization Details
Founding Year
2010
Phone
(917) 687-1243Principal Officer
Olusola Onifade
Main Address
43 WYNDHAM LANE, CARMEL, NY, 10512
NTEE Category
Code: A23 - Arts
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