Overview
What is Alma Jean Foundation?
The Alma Jean Foundation is a nonprofit organization situated in Waianae, Hawaii (96792). Their primary objective is to foster the significance of academics, leadership, mentorship, and athletics on a local and statewide scale. Yearly, they grant scholarships to eligible students, evaluating candidates based on community involvement, leadership qualities, academic scores, and a written essay. The award amounts are contingent upon the scholar's participation in various events throughout high school. The foundation also employs a scholarship review team to assess each applicant and distribute scholarships based on the year's allocated budget. The Alma Jean Foundation strives to educate, coordinate, and provide resources to promote these essential aspects of personal development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Alma Jean Foundation has received a commendable Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating indicates a solid performance in accountability and financial health, with a strong emphasis on effective governance practices. Notably, the organization boasts 100% independent board members, ensuring minimal conflicts of interest and a commitment to transparency.
Strengths of the Alma Jean Foundation include an impressive program expense ratio of 88.71%, which signifies that a significant portion of its funds is directed towards its mission-driven programs. The organization also maintains a perfect score for its liabilities to assets ratio, indicating sound financial management. Furthermore, it adheres to best practices by documenting board meeting minutes and having a conflict of interest policy in place.
While the organization demonstrates strong financial health and governance, the Three-Star rating suggests that there may be areas for growth and improvement to achieve higher recognition. Continuous efforts to enhance operational effectiveness and further engage stakeholders could contribute to its overall impact and success in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Alma Jean Foundation legitimate?
Alma Jean Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alma Jean 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Alma Jean Foundation?
The Alma Jean Foundation's mission is centered around promoting the significance of academics, leadership, mentorship, and athletics on a local and statewide level. They aim to achieve this by addressing relevant issues, providing necessary resources, and educating individuals. The foundation annually awards scholarships to eligible students, considering factors such as community involvement, leadership qualities, academic scores, and a written essay. Scholarship amounts are determined by participation in various events throughout the scholars' high school years. A scholarship review team is formed to evaluate each applicant, and scholarships are awarded based on the budgeted funds for the year.
Who is the CEO of Alma Jean Foundation?
Joy K Peterson is the Vice-Preside of Alma Jean Foundation.
What is the revenue of Alma Jean Foundation?
Alma Jean Foundation's revenue in 2022 was $11,680.
Who are the executives of Alma Jean Foundation and what are their salaries?
There 20 volunteers at Alma Jean Foundation.
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Alma Jean Foundation?
Alma Jean Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alma Jean Foundation
The Alma Jean Foundation is committed to addressing, educating, coordinating, and providing resources to promote the significance of academics, leadership, mentorship, and athletics on a local and statewide level. This nonprofit organization's mission is geared towards making a lasting impact in various communities by recognizing and supporting individuals who demonstrate a strong commitment to these areas.
Every year, the Alma Jean Foundation awards scholarships to deserving students who meet the specified criteria. These requirements may involve community involvement and leadership efforts. The scholarship award amounts are determined based on the scholars' participation in various events throughout their high school years. Moreover, the selection process takes into account the candidates' interest in the scholarship, leadership qualities, academic scores, and a written essay. A scholarship review team is established to evaluate each student applicant, and the scholarship awards are distributed based on the funds budgeted for the year.
In essence, the Alma Jean Foundation aims to foster a holistic development in young individuals by recognizing and rewarding their achievements in academics, leadership, mentorship, and athletics. By offering scholarships and investing in promising talents, this nonprofit organization encourages and empowers the next generation of leaders to make a difference in their communities and beyond.
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Impact
August, 2024
The Alma Jean Foundation has a significant impact on the local and statewide community by promoting the importance of academics, leadership, mentorship, and athletics. Through its mission, the foundation addresses key issues, educates the public, coordinates efforts, and provides resources to support these areas. One of the main ways it achieves this is by awarding scholarships to students who demonstrate community involvement, leadership efforts, and academic excellence. The foundation's focus on nurturing well-rounded individuals through its scholarship program helps to cultivate future leaders who are actively engaged in their communities.
This information is meant to be a general summary of Alma Jean 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 2022.
- Gross Receipts: $11,680
Assets and Liabilities:
- Total Assets: $104,820
- Total Liabilities: $0
- Net Assets: $104,820
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Organization Details
Founding Year
2019
Principal Officer
Joy K Peterson
Main Address
87-1919 PAKEKE STREET, WAIANAE, HI, 96792
NTEE Category
Code: B90 - Education
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