Overview
What is Plenum Foundation?
The Plenum Foundation, situated in Houston, Texas, is a nonprofit organization that operates primarily for charitable, religious, and educational purposes. One of its key functions involves supporting students by covering related fees. Furthermore, the foundation extends its charitable efforts by making distributions to other organizations recognized as exempt from taxation. In essence, the Plenum Foundation engages in activities aimed at promoting social welfare, religious values, and educational advancement, contributing to the betterment of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 10%
Plenum Foundation has received a very low score of 10%, which translates to a Zero-Star out of Four Star rating. This indicates significant concerns regarding the organization's accountability and financial transparency. The lack of independent board members and the absence of several key policies, including conflict of interest, whistleblower, and document retention policies, raise questions about governance and oversight.
The foundation has no reported program expenses, which suggests that it may not be effectively utilizing its resources for charitable purposes. Additionally, the organization's website is not listed on its tax form, and it has failed to make essential documents, such as board meeting minutes and tax forms, available to the public. These shortcomings contribute to the overall negative evaluation and highlight areas that need urgent improvement.
While there are no reported material diversions of assets, the overall financial health of the organization appears concerning, with a liabilities-to-assets ratio of 1.31%. This situation may pose a risk to the foundation's sustainability and ability to fulfill its charitable mission in the future. Overall, potential donors and stakeholders should exercise caution and seek further information before engaging with the Plenum Foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Plenum Foundation legitimate?
Plenum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plenum 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: $5,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Plenum Foundation?
The Plenum Foundation is established with the primary objective of serving charitable, religious, and educational purposes. In line with its mission, the foundation makes distributions to organizations that fall under the category of exempt organizations. The Plenum Foundation's activities extend to supporting student fees and contributing to organizations that align with its charitable, religious, and educational goals.
What is the revenue of Plenum Foundation?
Plenum Foundation's revenue in 2023 was $26,542.
Who are the executives of Plenum Foundation and what are their salaries?
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
Where can I find the form 990 for Plenum Foundation?
Plenum Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Plenum Foundation
The Plenum Foundation, an organization with charitable, religious, and educational purposes at its core, is dedicated to making distributions to organizations that fall under the category of exempt entities. Its mission is multifaceted, extending beyond just financial aid. The foundation has programs aimed at supporting students and contributing to organizations that share its charitable, religious, and educational objectives. In essence, Plenum Foundation is committed to utilizing its resources to promote causes aligned with its three primary areas of focus: charity, religion, and education.
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Impact
August, 2024
Plenum Foundation's impact lies in its commitment to charitable, religious, and educational causes. Through its programs and distributions to qualifying organizations, the foundation plays a vital role in supporting initiatives that benefit communities and advance important causes. Based in Houston, TX, Plenum Foundation serves as a key player in the philanthropic landscape, making meaningful contributions to various sectors in need of assistance.
This information is meant to be a general summary of Plenum 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 2023.
- Gross Receipts: $26,542
Assets and Liabilities:
- Total Assets: $22,826
- Total Liabilities: $300
- Net Assets: $22,526
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Organization Details
Founding Year
2018
Principal Officer
Farhat Shamsi
NTEE Category
Code: T00 - Philanthropy
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