Overview
What is The Jesse Kolber Foundation Inc?
The Jesse Kolber Foundation Inc is a nonprofit organization situated in Armonk, New York. Its mission is to offer access to and finance higher education for resilient, financially disadvantaged students who exhibit a strong commitment to academic excellence. The foundation provides standardized test preparation and college application support to aid these students in gaining entry to four-year universities. Furthermore, it grants scholarships to bridge the gap in access to these institutions and cover living expenses.
Official website here: www.jessekolberfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star rating. The Jesse Kolber Foundation Inc has received a low accountability and finance score, indicating significant concerns regarding its financial health and transparency. While the organization demonstrates strengths in governance with a fully independent board and a solid conflict of interest policy, the overall low rating highlights critical areas where improvements are necessary.
The foundation's program expense ratio stands at 43.96%, which suggests that less than half of its expenditures are directed towards its programs. This low percentage, combined with a concerning liabilities to assets ratio, raises red flags about the organization’s fiscal management and sustainability. Additionally, the absence of a whistleblower policy and a document retention policy reflects deficiencies in operational protocols that are essential for maintaining accountability.
Despite some positive governance indicators, the substantial gaps in financial reporting and operational policies undermine the foundation’s credibility. Potential donors and stakeholders may want to consider these factors seriously before contributing or engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Jesse Kolber Foundation Inc legitimate?
The Jesse Kolber Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Jesse Kolber 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: $0
For more financial information, click here
Official website here: www.jessekolberfoundation.org
What is the mission statement of The Jesse Kolber Foundation Inc?
The Jesse Kolber Foundation is dedicated to aiding high-achieving students who exhibit resilience, financial need, and a strong commitment to academic excellence. Their mission involves providing standardized test preparation and college application support to these students, enabling them to gain access to four-year universities. Moreover, the foundation offers scholarship funding to bridge the access gap and cover living expenses at these institutions. The aim is to empower these students and ensure they can pursue higher education without financial constraints.
Official website here: www.jessekolberfoundation.org
What is the revenue of The Jesse Kolber Foundation Inc?
The Jesse Kolber Foundation Inc's revenue in 2023 was $6,648.
Official website here: www.jessekolberfoundation.org
Who are the executives of The Jesse Kolber Foundation Inc and what are their salaries?
There 10 volunteers at The Jesse Kolber Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- 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.jessekolberfoundation.org
Where can I find the form 990 for The Jesse Kolber Foundation Inc?
The Jesse Kolber Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.jessekolberfoundation.org
Learn more at the official website: www.jessekolberfoundation.org
Mission Statement of The Jesse Kolber Foundation Inc
The Jesse Kolber Foundation, an organization dedicated to its mission, strives to provide access to and finance higher education for highly accomplished students who demonstrate resilience, financial need, and a commitment to academic excellence. The foundation offers standardized test preparation and college application support to these students, aiming to aid them in securing a place at four-year universities. Beyond this, the foundation also provides scholarship funding, which serves to bridge the gap in access to these institutions and covers the costs of living expenses. In essence, The Jesse Kolber Foundation is committed to empowering deserving students by providing the necessary resources and support to help them thrive in higher education.
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
August, 2024
The impact of The Jesse Kolber Foundation Inc is significant in providing access to and financing for college to highly achieving students who have demonstrated resilience, financial need, and a commitment to academic excellence. By offering standardized test preparation, college application support, and scholarship funding, the foundation helps bridge the gap in access to four-year universities and covers living expenses for deserving students. This holistic approach not only supports students in gaining access to higher education but also empowers them to pursue their academic goals and achieve success.
This information is meant to be a general summary of The Jesse Kolber 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.
- Investment Income: $5,491
- Gross Receipts: $6,648
Assets and Liabilities:
- Total Assets: $123,745
- Total Liabilities: $0
- Net Assets: $123,745
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2018
Principal Officer
Lindsay Tanne Kolber Howe
NTEE Category
Code: B82 - Education
If you are a representative of The Jesse Kolber Foundation Inc 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.