Overview
What is Shamma Endowment Foundation Inc?
Shamma Endowment Foundation Inc, located at 2232 Stratford Avenue Ste 210, Cincinnati, OH 45219, is a nonprofit organization with a mission to support charitable causes, primarily focusing on educational programs. This corporation is dedicated to serving charitable, religious, educational, and scientific purposes, including but not limited to educational programs. With a team of 16 individuals, the foundation aims to contribute to various charitable initiatives, with education being a significant focus area. The organization assists Universal Muslim Academy with its educational expenses, demonstrating its commitment to improving access to quality education for its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Stars)
The Shamma Endowment Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 63%. This rating indicates moderate performance in terms of accountability and finance. The organization has strengths such as a fully independent board, with all 10 members meeting this criterion, and a solid program expense ratio. However, significant weaknesses are noted in several areas, including a lack of an independent board size, absence of essential policies like conflict of interest and whistleblower policies, and the website not being listed on the tax form.
Additionally, the foundation has demonstrated good management of assets, as evidenced by a perfect score in the material diversion of assets and a favorable liabilities to assets ratio. Despite these positives, the absence of key governance policies raises concerns about transparency and accountability, factors critical to sustaining donor confidence and operational integrity. The program expense ratio remains strong, indicating that funds are being utilized effectively for their intended purposes, but the overall governance structure needs enhancement for improved ratings in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Shamma Endowment Foundation Inc legitimate?
Shamma Endowment Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shamma Endowment 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
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What is the mission statement of Shamma Endowment Foundation Inc?
The Shamma Endowment Foundation Inc is dedicated to supporting charitable causes, with a primary focus on educational programs. This organization is structured for purposes that are charitable, religious, educational, and scientific in nature. Specifically, it aims to assist the Universal Muslim Academy with its educational expenses. The foundation's mission is to contribute to various causes, ultimately striving to make a positive impact in these areas.
Who is the CEO of Shamma Endowment Foundation Inc?
Rasheed Shamma is the Officer of Shamma Endowment Foundation Inc.
What is the revenue of Shamma Endowment Foundation Inc?
Shamma Endowment Foundation Inc's revenue in 2022 was $0.
Who are the executives of Shamma Endowment Foundation Inc and what are their salaries?
There are 16 employees at Shamma Endowment Foundation Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Shamma Endowment Foundation Inc?
Shamma Endowment Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shamma Endowment Foundation Inc
Shamma Endowment Foundation Inc is an organization with a mission to support charitable causes, with a primary focus on educational programs. Established for charitable, religious, educational, and scientific purposes, the foundation is dedicated to contributing to these areas in various ways. One of its notable initiatives involves assisting the Universal Muslim Academy with their educational expenses. The foundation's mission is to contribute positively to society, particularly in the realm of education, in order to promote growth and development.
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Impact
October, 2024
Shamma Endowment Foundation Inc significantly impacts the community by enhancing educational opportunities and supporting charitable initiatives. By focusing primarily on educational programs, the foundation provides crucial assistance to institutions like Universal Muslim Academy, helping to cover educational costs. This support fosters an enriching learning environment that promotes academic achievement and personal growth among students. Additionally, the foundation's commitment to charitable, religious, educational, and scientific purposes contributes to the overall welfare of the community in Cincinnati, Ohio, by empowering individuals through knowledge and education. Through its efforts, Shamma Endowment Foundation Inc plays a vital role in uplifting the community and ensuring that quality educational resources are accessible to those in need.
This information is meant to be a general summary of Shamma Endowment 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 2022.
Assets and Liabilities:
- Total Assets: $80
- Total Liabilities: $0
- Net Assets: $80
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Organization Details
Founding Year
2018
Principal Officer
Rasheed Shamma
Main Address
2232 STRATFORD AVENUE STE 210, CINCINNATI, OH, 45219
NTEE Category
Code: T30 - Philanthropy
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