Overview
What is Edwards Initiative Inc?
Edwards Initiative Inc. is a nonprofit organization committed to empowering both children and adults by offering financial literacy education. Their primary goal is to enhance financial independence among individuals. Additionally, the organization is dedicated to making charitable and educational donations to institutions sharing their objectives. By providing this vital education, Edwards Initiative Inc. aims to contribute positively to the financial well-being of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (56%)
Edwards Initiative Inc has received a low rating of 56%, reflecting several areas of concern in its accountability and financial practices. While the organization boasts a fully independent board, which is a positive aspect, it lacks transparency in other critical areas such as financial reporting and governance policies. Notably, the absence of financial statements and key policies raises questions about the organization's operational integrity.
The charity does exhibit a relatively strong program expense ratio of 67.14%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. However, the missing website and tax form listed on the nonprofit's tax documentation further hinder its credibility and accessibility to donors and stakeholders. Moreover, the lack of basic governance policies like a conflict of interest policy and a whistleblower policy is concerning.
Overall, while Edwards Initiative Inc demonstrates some governance strengths through its independent board composition, the significant gaps in financial transparency and policy implementation limit its overall effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Edwards Initiative Inc legitimate?
Edwards Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edwards Initiative Inc submitted a form 990EZ, 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.
What is the mission statement of Edwards Initiative Inc?
The Edwards Initiative Inc. is committed to spreading financial literacy education among children and adults. Their mission is twofold: to empower individuals with better financial management skills and to contribute to charitable and educational institutions with objectives aligned with financial education. The organization focuses on helping individuals achieve financial independence and makes distributions to organizations sharing similar objectives.
Who is the CEO of Edwards Initiative Inc?
Robert F Jung is the President of Edwards Initiative Inc.
What is the revenue of Edwards Initiative Inc?
Edwards Initiative Inc's revenue in 2022 was $70,000.
Who are the executives of Edwards Initiative Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Edwards Initiative Inc?
Edwards Initiative Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Edwards Initiative Inc
Edwards Initiative Inc is committed to delivering financial literacy education to both children and adults. The primary objective of this nonprofit organization is to empower individuals by enhancing their financial independence. Furthermore, Edwards Initiative Inc channels a portion of its resources to charitable and educational institutions with similar goals. In essence, this organization aims to equip individuals with the necessary financial skills and knowledge, while also supporting institutions that share its mission.
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Impact
August, 2024
Edwards Initiative Inc's impact lies in empowering individuals with the knowledge and skills needed to achieve financial independence. Through providing financial literacy education to both children and adults, the organization equips individuals with the tools necessary to make informed decisions about their finances. Additionally, Edwards Initiative Inc makes distributions to charitable and educational institutions with similar objectives, further extending the reach of financial education and support in the community. By focusing on financial literacy, the organization contributes to improving financial well-being and creating a more financially resilient society.
This information is meant to be a general summary of Edwards Initiative 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: $70,000
Assets and Liabilities:
- Total Assets: $47,056
- Total Liabilities: $0
- Net Assets: $47,056
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Organization Details
Principal Officer
Robert F Jung
Main Address
3881 Jessup Road, Cincinnati, OH, 45247
NTEE Category
Code: W00 - Public benefit
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