Overview
What is Nafasi Fund?
Nafasi Fund is a nonprofit organization located at 1101 McMurtrie Drive NW STE E2, Huntsville, Alabama, with three employees. Their mission is to empower Black-led organizations by linking them to opportunities, resources, and necessary space to amplify their impact and grow independently. By providing these essential elements, Nafasi Fund aims to fortify the capabilities and sustainability of Black-led organizations, enabling them to spearhead social change.
Official website here: www.nafasifund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Nafasi Fund has received a 77% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The score is derived solely from the Accountability & Finance beacon, reflecting a commitment to transparency and ethical financial practices. The charity benefits from a fully independent board, which is a positive indicator of governance.
However, there are notable areas for improvement. The fund's scores were adversely affected by missing policies, such as those regarding conflict of interest and whistleblower protections, which could raise concerns about internal governance practices. Additionally, while the program expense ratio is commendable at 85.42%, the fundraising efficiency score is significantly low, suggesting that a substantial portion of donations may not be optimally utilized for fundraising activities.
Overall, while the Nafasi Fund demonstrates strong financial management and a focus on program expenses, addressing the governance policy gaps and improving fundraising strategies would enhance its overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Nafasi Fund legitimate?
Nafasi Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nafasi 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: $18,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,413
For more financial information, click here
Official website here: www.nafasifund.org
What is the mission statement of Nafasi Fund?
The Nafasi Fund supports the growth and independence of Black-led organizations by connecting them to essential opportunities, capacity, and space. By doing so, these organizations are able to increase their effectiveness and determine social change. The ultimate goal is for these organizations to become strong and sustainable with all the necessary tools at their disposal. The Nafasi Fund grants funds to qualified Black-led organizations to help them seize opportunities and expand their operations.
Official website here: www.nafasifund.org
Who is the CEO of Nafasi Fund?
E Bomani Johnson is the Executive Director of Nafasi Fund.
Official website here: www.nafasifund.org
What is the revenue of Nafasi Fund?
Nafasi Fund's revenue in 2022 was $15,621,844.
Official website here: www.nafasifund.org
Who are the executives of Nafasi Fund and what are their salaries?
The average compensation at Nafasi Fund during 2022 was $15,621. There are 3 employees and 3 volunteers at Nafasi Fund.
Here are 4 key members and their salaries:
- Compensation: $18,450
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nafasifund.org
Where can I find the form 990 for Nafasi Fund?
Nafasi Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nafasifund.org
Learn more at the official website: www.nafasifund.org
Mission Statement of Nafasi Fund
Nafasi Fund is a unique organization that plays a crucial role in empowering Black-led nonprofits by providing them with the opportunities, capacity, and space necessary to enhance their effectiveness and achieve independence. By connecting these organizations to the resources they need, Nafasi Fund enables them to determine and direct social change.
When Nafasi Fund's mission is realized, Black-led nonprofits will be strong and sustainable entities, equipped with all the tools required to bring about meaningful transformation. Nafasi Fund's primary focus is on granting funds to eligible Black-led organizations. This financial support enables these nonprofits to seize opportunities, expand their reach, and strengthen their operations. The ultimate goal is to help these organizations grow independent and autonomous, enabling them to make a significant impact on their communities.
Nafasi Fund's role is pivotal in ensuring that Black-led nonprofits have access to the resources they need to thrive and succeed. By providing grants, Nafasi Fund empowers these organizations to expand their programs, hire additional staff, invest in technology, and more. This not only leads to increased efficiency but also allows these organizations to better address the unique challenges facing their communities. With the right resources, Black-led nonprofits can foster positive change and create lasting, meaningful impact.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Nafasi Fund significantly enhances the effectiveness of Black-led organizations by providing essential resources and opportunities that facilitate their growth and sustainability. By connecting these organizations to funding and the capacity-building support they require, Nafasi Fund empowers them to seize opportunities, expand their reach, and increase their impact within their communities.
The initiative focuses on fostering independence among these organizations, ensuring they possess the necessary tools to lead social change according to their unique visions. By investing in Black-led organizations, Nafasi Fund contributes to a more equitable landscape where these entities can thrive and drive meaningful, positive change, particularly in the realm of youth development. As these organizations grow stronger and more sustainable, they become vital agents of change, capable of addressing the needs and aspirations of the communities they serve.
This information is meant to be a general summary of Nafasi 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 2022.
- Investment Income: $4,794
- Gross Receipts: $15,621,844
Assets and Liabilities:
- Total Assets: $17,572,200
- Total Liabilities: $2,402,622
- Net Assets: $15,169,578
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2017
Phone
(256) 241-6750Principal Officer
E Bomani Johnson
Main Address
1101 McMURTRIE DRIVE NW STE E2, HUNTSVILLE, AL, 35806
Website
www.nafasifund.orgNTEE Category
Code: O50 - Youth development
If you are a representative of Nafasi Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.