Overview
What is Excellence Initiative?
The Excellence Initiative is a nonprofit organization dedicated to promoting excellence in arts, science, education, and culture. Based in Hunts Point, Washington (WA), with the address 4324 Hunts Point Road, ZIP code 98004, they focus on supporting educational programs for thousands of low-income students worldwide. Their mission encompasses nurturing talents and enhancing opportunities for individuals to excel in various fields.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Excellence Initiative has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 70%. While the organization demonstrates strong accountability in certain areas, such as having a fully independent board and a 0% liabilities to assets ratio, it also has significant shortcomings, particularly in transparency and governance policies. The absence of financial statements and various essential policies, such as conflict of interest and whistleblower policies, detracts from its overall evaluation.
Despite these weaknesses, the organization's program expense ratio is commendable at 75.06%, indicating a substantial portion of its budget is allocated to its programs rather than administrative costs. Additionally, the fundraising efficiency ratio is noted as $0.00, which could suggest a potential area for growth or improvement in generating funding. The working capital ratio is impressively high at 242.69 years, reflecting financial stability in terms of liquid assets.
Overall, while the Excellence Initiative has strengths in program spending and financial stability, critical improvements in governance transparency and policy implementation are necessary for better evaluation in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Excellence Initiative legitimate?
Excellence Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Excellence Initiative 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
What is the mission statement of Excellence Initiative?
The Excellence Initiative is dedicated to fostering excellence in various domains, including arts, science, education, and culture. Its mission is geared towards promoting superior quality in these areas. The organization supports educational programs for numerous low-income students around the globe. By doing so, it aims to provide opportunities for individuals to excel and contribute to their communities and the world at large. The Excellence Initiative is committed to nurturing talents and advancing knowledge across multiple fields for the betterment of society. Its activities encompass grant-making, educational initiatives, and collaborations with institutions and organizations to broaden access to resources and opportunities.
Who is the CEO of Excellence Initiative?
Rajeev Agarwal is the President & Treasurer of Excellence Initiative.
What is the revenue of Excellence Initiative?
Excellence Initiative's revenue in 2022 was $31,548,998.
Who are the executives of Excellence Initiative 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 Excellence Initiative?
Excellence Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Excellence Initiative
The Excellence Initiative is a dynamic organization dedicated to fostering excellence in the realms of arts, science, education, and culture. With a vision to make a difference, this initiative focuses on promoting superior quality and innovation in these domains.
Through its mission, the Excellence Initiative reaches out to thousands of low-income students across the globe, extending educational support to help them flourish. The organization goes above and beyond in its commitment to empowering individuals, particularly those with limited resources, to reach their full potential. By investing in educational programs, the Excellence Initiative opens doors to a world of possibilities, igniting the spark of excellence within each student.
The Excellence Initiative's influence extends far beyond just education. Inspired by its dedication to fostering excellence, it endeavors to elevate the quality of arts, science, and culture. Through its initiatives and programs, the organization strives to inspire creativity, encourage critical thinking, and ignite a passion for learning that transcends boundaries. By championing excellence in these essential areas, the Excellence Initiative lays the groundwork for a brighter, more enlightened future.
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
October, 2024
The Excellence Initiative significantly impacts the lives of thousands of low-income students globally by providing essential support for educational programs that foster growth in arts, science, education, and culture. Operating from Hunts Point, Washington, the initiative champions excellence, creating opportunities that empower students to explore their passions and develop their talents. Through targeted educational programs, it nurtures a diverse range of skills while breaking down barriers to access, ensuring that all students can thrive in their creative and academic pursuits. This focus not only enriches individual lives but also contributes to the broader enrichment of communities, fostering a culture of excellence and innovation.
This information is meant to be a general summary of Excellence Initiative. 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: $393,584
- Gross Receipts: $31,557,060
Assets and Liabilities:
- Total Assets: $53,595,801
- Total Liabilities: $0
- Net Assets: $53,595,801
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2018
Phone
(425) 444-8808Principal Officer
Rajeev Agarwal
Main Address
4324 HUNTS POINT RD, HUNTS POINT, WA, 98004
NTEE Category
Code: A02 - Arts
If you are a representative of Excellence Initiative 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.