Overview
What is Young Philosophers Society Inc?
Young Philosophers Society Inc, a nonprofit organization based in Shalimar, Florida, is dedicated to offering enrichment opportunities for individuals of all ages and abilities. With a team of 15 employees, they provide classes and creative activities in various domains, such as art, music, academia, vocation, and entertainment. Their mission is to foster personal growth and skill development through these diverse and engaging activities, catering to a wide range of learning capacities. The society operates in the spirit of enrichment and empowerment, aiming to enable individuals to explore their passions and talents in a supportive and nurturing environment.
Official website here: www.ypsfwb.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Young Philosophers Society Inc has received a low rating of 54%, corresponding to a one-star designation. This rating reflects significant concerns regarding accountability and finance, which are crucial for ensuring transparency and responsible financial management in nonprofit organizations. The score is derived purely from a single beacon score, highlighting that the charity has room for improvement in several critical areas.
One notable strength is the organization's governance, as it boasts a board composed entirely of independent members, which is a positive indicator of potential impartiality in decision-making. Additionally, the charity demonstrates a high program expense ratio of 98.75%, suggesting that it allocates the majority of its resources towards its programs rather than administrative costs. However, this positive aspect is overshadowed by the lack of essential financial documentation and policies, which are critical for accountability.
Limitations are evident; the organization has not provided necessary financial statements or policies such as conflict of interest, whistleblower, and document retention policies. Furthermore, the liabilities to assets ratio is concerning at 297.70%, indicating potential financial instability. These deficiencies suggest that while the charity may be committed to its mission, there are significant gaps in governance and financial oversight that could impact its effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Young Philosophers Society Inc legitimate?
Young Philosophers Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Philosophers Society 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $73,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $432,254
For more financial information, click here
Official website here: www.ypsfwb.com/
What is the mission statement of Young Philosophers Society Inc?
The Young Philosophers Society Inc is committed to offering enrichment opportunities for individuals of all ages and abilities. This is achieved through organized classes and creative activities in various domains such as art, music, academia, vocation, and entertainment. The primary goal of the society is to foster personal growth and development by providing a platform for individuals to explore and express themselves in these diverse fields. The organization strives to make these opportunities accessible to all, regardless of their learning abilities, thereby enriching their lives in a holistic manner.
Official website here: www.ypsfwb.com/
Who is the CEO of Young Philosophers Society Inc?
Karen Reid is the President of Young Philosophers Society Inc.
Official website here: www.ypsfwb.com/
What is the revenue of Young Philosophers Society Inc?
Young Philosophers Society Inc's revenue in 2022 was $886,814.
Official website here: www.ypsfwb.com/
Who are the executives of Young Philosophers Society Inc and what are their salaries?
The average compensation at Young Philosophers Society Inc during 2022 was $33,713. There are 15 employees and 30 volunteers at Young Philosophers Society Inc.
Here are 10 key members and their salaries:
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Official website here: www.ypsfwb.com/
Where can I find the form 990 for Young Philosophers Society Inc?
Young Philosophers Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ypsfwb.com/
Learn more at the official website: www.ypsfwb.com/
Mission Statement of Young Philosophers Society Inc
The Young Philosophers Society Inc, a nonprofit organization, is dedicated to offering enrichment opportunities for individuals of all ages and learning abilities. They achieve this goal through the provision of various classes and creative activities in the domains of art, music, academia, vocation, and entertainment. By doing so, the organization aims to foster personal growth and development in these diverse areas, catering to a broad spectrum of abilities and interests.
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Impact
July, 2024
Young Philosophers Society Inc provides enrichment opportunities for people of all ages and learning abilities through classes and creative activities in various areas such as art, music, academia, vocation, and entertainment. Their mission is to offer a diverse range of educational and engaging experiences to foster personal growth and development. By offering classes and activities in different fields, they aim to inspire creativity, critical thinking, and a lifelong love of learning in their participants. Through their work, Young Philosophers Society Inc is making a positive impact by providing accessible and enriching opportunities for individuals to explore their interests and expand their knowledge.
This information is meant to be a general summary of Young Philosophers Society 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.
- Program Service Revenue: $587,816
- Gross Receipts: $886,814
Assets and Liabilities:
- Total Assets: $3,343
- Total Liabilities: $58,500
- Net Assets: -$55,157
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOTUS PROJECT TUITION
Revenue
$587,816
Organization Details
Founding Year
2016
Phone
(850) 496-3767Principal Officer
Karen Reid
Main Address
PO BOX 259, SHALIMAR, FL, 32579
Website
www.ypsfwb.com/NTEE Category
Code: A25 - Arts
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