Overview
What is The Sola I Can Foundation?
The Sola I Can Foundation, situated in Los Angeles, California, is a nonprofit organization committed to eradicating intergenerational poverty in South Los Angeles. Their primary mission is achieved through community development and providing new avenues for economic and educational opportunities. One of their significant initiatives, SOLA Thousand Hotspots for Thousand Days (T4T), offers 1,000 free internet hotspots to individuals and families for a period of 1,000 days. This foundation, with a team of 15 dedicated employees, continues its pursuit of creating a positive impact in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
The Sola I Can Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. Their score is calculated entirely on their Accountability & Finance metrics, achieving an impressive 90%. This indicates that the organization is effectively managing its resources and maintaining transparency.
One of the organization's notable strengths is its governance structure, which includes a fully independent board comprising eight members. They also have robust policies in place, such as conflict of interest and whistleblower policies, all contributing to a high level of accountability. Furthermore, with a program expense ratio of 85.18%, the foundation directs a significant portion of its revenue towards its programs, indicating a focus on impact.
Despite the positive assessment, there are no significant limitations reported in the data, suggesting that The Sola I Can Foundation is operating effectively within its mission. Overall, the organization exemplifies a strong model of nonprofit governance and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is The Sola I Can Foundation legitimate?
The Sola I Can Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sola I Can 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: $0
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Other Salaries and Wages: $788,533
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What is the mission statement of The Sola I Can Foundation?
The Sola I Can Foundation's mission is centered around ending intergenerational poverty in a specific region, namely South Los Angeles. They accomplish this objective through community development and creating new avenues for economic and educational opportunities. The foundation adheres to the belief that seeing successful role models can inspire individuals to achieve similar feats. One of their notable initiatives is the Sola Thousand Hotspots 4 Thousand Days (T4T) program, which provides free access to 1,000 internet hotspots to individuals or families for a period of 1,000 days.
Who is the CEO of The Sola I Can Foundation?
Sherri Francois is the President/Exec. Dir. of The Sola I Can Foundation.
What is the revenue of The Sola I Can Foundation?
The Sola I Can Foundation's revenue in 2022 was $2,316,542.
Who are the executives of The Sola I Can Foundation and what are their salaries?
The average compensation at The Sola I Can Foundation during 2022 was $52,569. There are 15 employees and 55 volunteers at The Sola I Can Foundation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Sola I Can Foundation?
The Sola I Can Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Sola I Can Foundation
The Sola I Can Foundation is dedicated to eradicating intergenerational poverty in various communities, with a particular focus on South Los Angeles. This nonprofit organization operates under the belief that exposure to opportunities can inspire individuals to achieve them. By promoting community development and creating new avenues for economic and educational advancement, Sola I Can Foundation aims to break the cycle of poverty.
One of the key initiatives undertaken by Sola I Can Foundation is its Sola Thousand Hotspots 4 Thousand Days (T4T) program. This program offers 1,000 individuals or families complimentary access to high-speed internet for a period of 1,000 days. By providing this resource, the foundation seeks to equip individuals with the digital tools necessary to navigate the modern world and seize opportunities that may otherwise be unattainable. This program is an essential part of Sola I Can Foundation's mission to create equal access to opportunities, thereby contributing to the eradication of intergenerational poverty.
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Impact
July, 2024
The Sola I Can Foundation's impact is focused on ending intergenerational poverty in South Los Angeles through community development and creating new access to economic and educational opportunities. Their program, SOLA Thousand Hotspots 4 Thousand Days or T4T, provides 1,000 hotspots to individuals and families for 1,000 days free of charge. This initiative helps bridge the digital divide and empowers the community by enhancing access to the internet, which is essential for education, employment, and overall well-being. The foundation's work is guided by the belief that seeing positive possibilities can inspire individuals to achieve their full potential.
This information is meant to be a general summary of The Sola I Can 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: $2,547
- Program Service Revenue: $10,602
- Gross Receipts: $2,531,834
Assets and Liabilities:
- Total Assets: $2,236,696
- Total Liabilities: $19,766
- Net Assets: $2,216,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECH. AND ENTREPRENEURSHIP CENTER
Revenue
$10,602
Organization Details
Founding Year
2018
Phone
(323) 306-4648Principal Officer
Sherri Francois
Main Address
8629 S VERMONT AVE, LOS ANGELES, CA, 90044
NTEE Category
Code: O50 - Youth development
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