Overview
What is Color Street Foundation Inc?
Color Street Foundation Inc, located in Clifton, New Jersey, is a nonprofit organization dedicated to philanthropic missions. Their primary focus is on funding research to cure diseases such as autism and cancer. To achieve this, they empower individuals through training, aiming to help them achieve personal success and financial freedom. This training also supports their broader philanthropic missions, not just in curing diseases but also in ending poverty. The organization, with only two employees, is committed to making a significant impact in these areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Color Street Foundation Inc has achieved a strong rating of 94% from Charity Navigator, reflecting its commitment to accountability and financial transparency. This high score indicates that the organization effectively manages its resources and adheres to best practices in governance. The charity has a fully independent board, which is crucial for maintaining objectivity and integrity in its operations.
Strengths include an impressive program expense ratio of 98.34%, demonstrating that nearly all funds are directed towards its programs rather than administrative costs. The organization also scored full points in several areas of financial oversight, including the absence of material diversions of assets and the presence of comprehensive conflict of interest and whistleblower policies. These factors contribute to the foundation's credibility and reliability as a nonprofit.
While the data indicates strong financial health and governance, it is essential for potential donors and supporters to continually assess the organization's impact and effectiveness in achieving its mission. Overall, Color Street Foundation Inc stands out as a well-managed entity dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Color Street Foundation Inc legitimate?
Color Street Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Color Street 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: $72,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,284
For more financial information, click here
What is the mission statement of Color Street Foundation Inc?
The Color Street Foundation Inc's mission is centered around empowering individuals to achieve personal success and financial freedom through training. Beyond this, the foundation is committed to advancing philanthropic endeavors, specifically focusing on funding research to cure diseases, such as autism and cancers. Their goal is to contribute to the eradication of poverty as well.
What is the revenue of Color Street Foundation Inc?
Color Street Foundation Inc's revenue in 2024 was $368,669.
Who are the executives of Color Street Foundation Inc and what are their salaries?
The average compensation at Color Street Foundation Inc during 2024 was $39,488. There are 2 employees at Color Street Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $72,692
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Color Street Foundation Inc?
Color Street Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Color Street Foundation Inc
Color Street Foundation Inc is committed to empowering individuals to achieve personal success and financial freedom. They accomplish this through training programs. Beyond this, the organization has a philanthropic mission to contribute to the cure of diseases, specifically focusing on conditions like autism and cancers. The foundation aims to achieve its philanthropic goals by providing funding for related research and initiatives.
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Impact
July, 2024
Color Street Foundation Inc's impact is focused on empowering individuals to achieve personal success and financial freedom through training. Additionally, the organization is dedicated to furthering philanthropic missions aimed at curing diseases such as autism and various cancers. By providing funding for research and initiatives to combat these health challenges, Color Street Foundation Inc is making strides towards improving health outcomes and contributing to the overall well-being of communities.
This information is meant to be a general summary of Color Street 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 2024.
- Gross Receipts: $368,669
Assets and Liabilities:
- Total Assets: $392,366
- Total Liabilities: $0
- Net Assets: $392,366
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Organization Details
Founding Year
2018
Principal Officer
Fa Park
NTEE Category
Code: P20 - Human services
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