Overview
What is Adopt A Class Endowment Fund?
Adopt A Class Endowment Fund is a nonprofit organization, headquartered in Cincinnati, Ohio, with a focus on managing and investing its assets to grow an endowment fund. Their primary goal is to make distributions to the Adopt A Class Foundation, Inc., a supported organization, which in turn uses the funds to support programs at its discretion. The organization's activities involve managing and investing its current assets and engaging in fundraising initiatives to expand the endowment fund.
Official website here: www.aacmentors.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
The Adopt A Class Endowment Fund has achieved an 83% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. With a perfect score for the independence of its board members and no material diversion of assets reported, the organization demonstrates strong governance practices. Additionally, it has a remarkable program expense ratio of 100%, showcasing that all funds are directed towards its mission.
However, there are notable limitations in the charity's transparency practices. The organization lacks a whistleblower policy and a document retention and destruction policy, both of which are crucial for maintaining accountability. Furthermore, the tax form is not posted on the nonprofit's website, which limits accessibility for potential donors seeking information about its financial practices.
Despite these areas for improvement, the Adopt A Class Endowment Fund shows a commitment to responsible financial management and effective program execution, which are vital for building trust with donors and the community. Overall, while the organization has strong governance in place, enhancing transparency measures could further bolster its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Adopt A Class Endowment Fund legitimate?
Adopt A Class Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adopt A Class Endowment Fund 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
Official website here: www.aacmentors.org
What is the mission statement of Adopt A Class Endowment Fund?
The Adopt A Class Endowment Fund's mission involves managing and investing its current assets, as well as participating in fundraising initiatives to expand the endowment fund. The ultimate goal is to make distributions to the Adopt A Class Foundation, Inc., a supported organization, allowing them to allocate funds to various programs within their discretion. This philanthropic organization aims to contribute financially to the initiatives and causes supported by the Adopt A Class Foundation, Inc., thereby supporting its mission and objectives.
Official website here: www.aacmentors.org
What is the revenue of Adopt A Class Endowment Fund?
Adopt A Class Endowment Fund's revenue in 2024 was $196,465.
Official website here: www.aacmentors.org
Who are the executives of Adopt A Class Endowment Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aacmentors.org
Where can I find the form 990 for Adopt A Class Endowment Fund?
Adopt A Class Endowment Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.aacmentors.org
Learn more at the official website: www.aacmentors.org
Mission Statement of Adopt A Class Endowment Fund
Adopt A Class Endowment Fund is an organization dedicated to managing and investing its current assets within an endowment fund. The primary objective of this fund is to raise additional resources through various fundraising initiatives. The ultimate goal is to make distributions to Adopt A Class Foundation, Inc., a supported organization, enabling its board of directors to support programs at their discretion. By doing so, Adopt A Class Endowment Fund aims to contribute to the betterment of various initiatives within the scope of Adopt A Class Foundation, Inc.
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Impact
October, 2024
The Adopt A Class Endowment Fund plays a critical role in supporting educational initiatives by managing and investing its assets to create a sustainable financial resource for the Adopt A Class Foundation, Inc. By focusing on strategic fundraising efforts, the Endowment Fund aims to increase its financial base, thereby enabling consistent and impactful distributions to the foundation.
These distributions are directed toward various programs that benefit students and schools, enhancing educational opportunities in Cincinnati, OH. The Endowment Fund facilitates a long-term vision for these educational initiatives, ensuring they receive ongoing support, which can include mentoring programs, resources for classrooms, and other essential services that contribute to student success.
Through effective asset management and targeted fundraising, the Adopt A Class Endowment Fund strengthens the foundation's ability to adapt and respond to the needs of the educational community, ultimately fostering a more equitable and enriching learning environment for all students involved.
This information is meant to be a general summary of Adopt A Class Endowment Fund. 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 2024.
- Investment Income: $23,877
- Gross Receipts: $445,636
Assets and Liabilities:
- Total Assets: $1,263,176
- Total Liabilities: $0
- Net Assets: $1,263,176
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Organization Details
Founding Year
2016
Principal Officer
William J Burwinkel
Website
www.aacmentors.orgNTEE Category
Code: B19 - Education
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