Overview
What is Close The Gap Foundation?
Close The Gap Foundation is a 501(c)3 nonprofit organization situated in Sunnyvale, California, dedicated to bridging opportunity gaps for low-income youths, particularly first-generation students. Their flagship program, the Social Impact Fellowship, is a three-month initiative that provides financial support, mentorship, and project-based learning to empower high school students to pursue their full potential. The program aims to foster confidence and community involvement, with mentors from esteemed organizations like Amazon, Apple, Google, Microsoft, and UCSF guiding students through self-directed social impact projects. Close The Gap Foundation is entirely volunteer-run, ensuring maximum funds are directed towards the students and their development. They strive to grow their mentor pool to meet the increasing demand for their program, aiming to maintain quality while accommodating more students. In partnership with Forbes, the organization has launched the "Under 30 Mentorship Circles," connecting FGLI students with influential industry leaders.
Official website here: www.closethegapfoundation.org/
Is Close The Gap Foundation legitimate?
Close The Gap Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Close The Gap 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.
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Official website here: www.closethegapfoundation.org/
What is the mission statement of Close The Gap Foundation?
Close The Gap Foundation, a 501(c)3 nonprofit organization, is dedicated to bridging opportunity gaps for low-income youths, particularly first-generation students. Their mission is to empower these students, fostering lifelong confidence and enabling them to reach their full potential. The foundation accomplishes this through their flagship program, the Social Impact Fellowship. This three-month, all-expenses-paid initiative connects high school students with mentors from esteemed organizations like Amazon, Apple, Google, Microsoft, and UCSF. Mentorship and project-based learning help Fellows develop confidence, work on self-directed social impact projects, and pitch their ideas to industry leaders.
Official website here: www.closethegapfoundation.org/
Who is the CEO of Close The Gap Foundation?
Kaiwen Pang is the President of Close The Gap Foundation.
Official website here: www.closethegapfoundation.org/
What is the revenue of Close The Gap Foundation?
Close The Gap Foundation's revenue in 2023 was $223,967.
Official website here: www.closethegapfoundation.org/
Who are the executives of Close The Gap Foundation and what are their salaries?
There 50 volunteers at Close The Gap Foundation.
Here are 6 key members and their salaries:
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Official website here: www.closethegapfoundation.org/
Where can I find the form 990 for Close The Gap Foundation?
Close The Gap Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.closethegapfoundation.org/
Learn more at the official website: www.closethegapfoundation.org/
Mission Statement of Close The Gap Foundation
Close The Gap Foundation, a 501(c)3 organization, is dedicated to fostering an equitable future by eliminating opportunity gaps for low-income youth, specifically first-generation students. Their mission is focused on empowering these students to reach their full potential and build lifelong confidence. Close The Gap Foundation achieves this goal through their flagship program, the Social Impact Fellowship. This three-month, all-expenses-paid program offers first-generation, low-income high school students the opportunity to connect with mentors from prestigious organizations such as Amazon, Apple, Google, Microsoft, and UCSF. The program encourages structured mentorship and project-based learning, enabling the students to tackle self-directed social impact projects. Upon completion, the students present their projects to a panel of industry leaders, providing them with invaluable exposure and experience. By offering this unique program, Close The Gap Foundation is committed to breaking the cycle of poverty and helping these students thrive in their personal and professional lives.
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Impact
October, 2024
Close The Gap Foundation significantly impacts first-generation and low-income 11th and 12th-grade students by equipping them with the resources and support to navigate the transition from high school to higher education. By focusing exclusively on these students, the foundation addresses the unique challenges they face, empowering them to close opportunity gaps that often arise due to systemic barriers.
The foundation's programming ensures that all college-eligible graduates successfully enroll in colleges or universities. This consistent track record not only helps students gain access to higher education but also promotes long-term equity and success in their academic and professional journeys. As a result, Close The Gap Foundation plays a crucial role in shaping a more equitable future for these young individuals, helping them realize their potential and create pathways to success that may have previously seemed unattainable.
This information is meant to be a general summary of Close The Gap 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.
- Investment Income: $522
- Gross Receipts: $223,967
Assets and Liabilities:
- Total Assets: $99,089
- Total Liabilities: $7,179
- Net Assets: $91,910
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Organization Details
Founding Year
2018
Phone
(661) 487-5389Principal Officer
Kaiwen Pang
Main Address
605 E Evelyn Ave Unit 6210, Mountain View, CA, 94041
NTEE Category
Code: O53 - Youth development
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