Overview
What is The Orchid Foundation?
The Orchid Foundation, located in New York City, New York, is a nonprofit organization that focuses on addressing the resource gap faced by individuals from economically disadvantaged backgrounds. Their primary mission is to mentor girls residing in high-risk neighborhoods, guiding them from their formative years to college completion. Through their VEX Money program, they also promote financial literacy among their beneficiaries. The foundation's work is based at 527 Hudson Street, New York, NY 10014.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Orchid Foundation has achieved an 80% score on Charity Navigator, indicating a solid performance in accountability and finance. This rating is derived solely from its accountability practices, which are exemplary, showcasing 100% independent board members, no material diversion of assets, and a strong conflict of interest policy. The organization also boasts a program expense ratio of 88.33%, signifying that a large portion of its resources are directed towards its mission.
User feedback highlights the positive impact of The Orchid Foundation, with one reviewer praising its great mission and team. This endorsement from a partner organization reflects the foundation's effectiveness and collaborative spirit within the nonprofit sector. Such feedback suggests a favorable reputation among stakeholders and the community it serves.
Despite the strong rating and positive reviews, there is no mention of specific programs or services that the organization offers, which could provide deeper insight into its operational effectiveness and the outcomes of its initiatives. Overall, The Orchid Foundation demonstrates a commitment to transparency and effective use of resources.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Orchid Foundation legitimate?
The Orchid Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Orchid 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: $80,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Orchid Foundation?
The Orchid Foundation's mission is centered around addressing the resource gaps faced by girls from economically disadvantaged neighborhoods. They aim to achieve this by providing mentorship services, guiding these girls from at-risk areas all the way through their college education. This mission is instrumental in leveling the educational playing field, thereby offering these young women equal opportunities for personal growth and success. Furthermore, the foundation runs a VEX Money Program, which is designed to instill financial literacy among its beneficiaries. This program is an integral part of their mission, empowering these girls with essential life skills for their future.
Who is the CEO of The Orchid Foundation?
Grant Biggar is the Director of The Orchid Foundation.
What is the revenue of The Orchid Foundation?
The Orchid Foundation's revenue in 2022 was $559,605.
Who are the executives of The Orchid Foundation and what are their salaries?
There 3 volunteers at The Orchid Foundation.
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- Compensation: $80,000
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Where can I find the form 990 for The Orchid Foundation?
The Orchid Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Orchid Foundation
The Orchid Foundation, as a nonprofit organization, is committed to bridging the resource gap faced by girls from economically disadvantaged neighborhoods. Their mission is to provide mentorship, guiding these at-risk girls from their formative years all the way through to college completion. This proactive approach aims to level the playing field, enabling these young women to overcome the challenges posed by their socioeconomic backgrounds.
In addition to its mentorship program, The Orchid Foundation also focuses on financial literacy. Through the VEX Money Program, they empower their beneficiaries with financial knowledge, equipping them with the skills necessary to manage their finances effectively. This holistic approach, combining mentorship and financial education, is a testament to The Orchid Foundation's dedication to the comprehensive development of its program beneficiaries.
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Impact
July, 2024
The Orchid Foundation has a significant impact on at-risk girls in New York City by providing mentorship and support to help them successfully navigate the challenges presented by their socioeconomic backgrounds. Through programs like VEX Money, the foundation promotes financial literacy among its beneficiaries, empowering them to make informed decisions and secure their financial future. By focusing on mentoring girls from at-risk neighborhoods to and through college, The Orchid Foundation is bridging the resource gap and equipping these young women with the tools they need to thrive and succeed.
This information is meant to be a general summary of The Orchid 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 2022.
- Investment Income: $1,422
- Gross Receipts: $681,930
Assets and Liabilities:
- Total Assets: $888,007
- Total Liabilities: $0
- Net Assets: $888,007
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Organization Details
Founding Year
2016
Phone
(212) 402-2429Principal Officer
Grant Biggar
Main Address
527 HUDSON STREET 20087, NEW YORK, NY, 10014
NTEE Category
Code: T50 - Philanthropy
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