Overview
What is The Smarter Tomorrow Foundation Inc?
The Smarter Tomorrow Foundation Inc, located in Orlando, Florida, is a dedicated nonprofit organization with a mission to empower children nationwide by fostering financial education. Their initiatives, such as the 4.01K Race for Financial Fitness, aim to equip kids with the necessary financial skills, enabling them to take control of their finances and ultimately, their lives. The foundation's goal is to provide a level playing field for every child, regardless of their community, ensuring they all have the potential for a strong financial future.
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What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Smarter Tomorrow Foundation Inc has received a respectable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored 83% overall, with a focus on financial health and governance practices that demonstrate a commitment to responsible management of funds.
Strengths of the foundation include a fully independent board with no material diversion of assets, reflecting strong governance. Additionally, its program expense ratio is impressive at 93.63%, suggesting that the majority of the funds are directed towards programs rather than administrative costs. The charity also has policies in place for conflicts of interest and retains documentation of board meeting minutes.
However, the foundation does have some areas for improvement, particularly the absence of a whistleblower policy and a document retention and destruction policy, which received a score of zero points. Addressing these gaps could enhance the overall transparency and accountability of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Smarter Tomorrow Foundation Inc legitimate?
The Smarter Tomorrow Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Smarter Tomorrow Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,339,530
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What is the mission statement of The Smarter Tomorrow Foundation Inc?
The Smarter Tomorrow Foundation Inc's mission is focused on providing an equal opportunity for financial success to children from various communities. This organization strives to achieve this goal by leading initiatives, such as the 4.01K Race for Financial Fitness, that promote financial education. By empowering children with financial literacy skills, the foundation aims to enable them to take control of their finances and lives. The organization's mission is to ensure that every child in the nation has a fair chance at building a strong financial future.
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What is the revenue of The Smarter Tomorrow Foundation Inc?
The Smarter Tomorrow Foundation Inc's revenue in 2023 was $2,798,331.
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Who are the executives of The Smarter Tomorrow Foundation Inc and what are their salaries?
The average compensation at The Smarter Tomorrow Foundation Inc during 2023 was $15,051. There are 89 employees and 5 volunteers at The Smarter Tomorrow Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Smarter Tomorrow Foundation Inc?
The Smarter Tomorrow Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
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Learn more at the official website: www.greatamericanassistedlivingcommunities.com
Mission Statement of The Smarter Tomorrow Foundation Inc
The Smarter Tomorrow Foundation Inc is committed to ensuring every child, regardless of their community, has an equal opportunity to build a robust financial future. The organization's mission is multifaceted, encompassing initiatives that promote financial education. They spearhead projects such as the "4.01K Race for Financial Fitness," which is designed to educate children nationwide about financial management, empowering them to take charge of their finances and lives. By doing so, The Smarter Tomorrow Foundation Inc aims to provide every kid with the tools necessary to navigate their financial journeys with confidence and resilience.
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Impact
August, 2024
The Smarter Tomorrow Foundation Inc is making a significant impact by spearheading the "4.01k Race for Financial Fitness" and other initiatives that promote financial education. Their mission to give every kid from every community a fair shot at a strong financial future is empowering children across the nation to take charge of their finances and their lives. Through their work in promoting financial literacy, they are equipping the younger generation with essential skills that will benefit them for the rest of their lives.
This information is meant to be a general summary of The Smarter Tomorrow Foundation 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 2023.
- Program Service Revenue: $2,798,331
- Gross Receipts: $2,798,331
Assets and Liabilities:
- Total Assets: $7,761
- Total Liabilities: $0
- Net Assets: $7,761
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRIVATE CARE
Revenue
$1,662,402
LONG TERM CARE
Revenue
$1,135,929
Organization Details
Founding Year
2016
Principal Officer
Richard Lecomte
NTEE Category
Code: P51 - Human services
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