Overview
What is Mk Youth Foundation?
The MK Youth Foundation, situated in Lenexa, Kansas, is a charitable organization committed to empowering young males by offering them life-transforming opportunities. It serves as a supportive platform, hosting youth basketball events and golf tournaments for children aged 8 to 17. The foundation emphasizes the importance of mentoring, tutoring, and role modeling in its various programs. By doing so, it aims to inspire and equip young men with the necessary skills and confidence to seize opportunities in their lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Mk Youth Foundation has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a 62% overall score. While the organization demonstrates strong governance with 100% independent board members and a robust program expense ratio of 89.81%, it falls short in financial transparency. Notably, the foundation has not posted financial statements or its tax form online, which significantly impacts its accountability score.
Strengths of the organization include the presence of essential policies such as conflict of interest, whistleblower, and document retention policies, all of which received perfect scores. However, the lack of documented board meeting minutes and the absence of financial statements indicate weaknesses in operational transparency. These factors contribute to the rating's overall low performance, despite positive aspects in governance and program expenditure.
In terms of financial health, the foundation's liabilities to assets ratio of 85.55% raises concerns, suggesting potential financial stability issues. Although the salary of the Secretary is noted at $98,709 while other key positions remain unpaid, the high ratio implies a need for improved financial management strategies. Overall, while the Mk Youth Foundation has strong governance practices, the limitations in financial transparency and health suggest areas that require significant improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Mk Youth Foundation legitimate?
Mk Youth Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mk Youth 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: $98,709
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mk Youth Foundation?
The MK Youth Foundation's mission is centered around facilitating a platform and offering supportive resources, encouraging young males to seize life-transforming opportunities. This is achieved through the organization's provision of youth basketball events and golf tournaments, catering to individuals aged 8 to 17. Mentoring, tutoring, and role modeling are integral components of their sponsored programs, aimed at nurturing personal development and growth.
Who is the CEO of Mk Youth Foundation?
Matthew Suther is the President of Mk Youth Foundation.
What is the revenue of Mk Youth Foundation?
Mk Youth Foundation's revenue in 2022 was $988,762.
Who are the executives of Mk Youth Foundation and what are their salaries?
The average compensation at Mk Youth Foundation during 2022 was $49,354. There are 2 employees and 27 volunteers at Mk Youth Foundation.
Here are 3 key members and their salaries:
- Compensation: $98,709
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mk Youth Foundation?
Mk Youth Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mk Youth Foundation
The MK Youth Foundation exists to offer a supportive platform that motivates young men to seize life-transforming opportunities. Their mission is to encourage these young individuals by providing them with a conducive environment. They accomplish this by organizing youth basketball events and golf tournaments, catering to ages between 8 and 17. The foundation places a strong emphasis on mentoring, tutoring, and role modeling within their sponsored programs, aiming to guide and empower the youth.
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Impact
July, 2024
Mk Youth Foundation's impact can be seen in the positive influence it has on young men through its activities and support systems. By providing platforms for youth basketball and golf tournaments, the foundation not only promotes physical activity and skill development but also instills values such as mentorship, tutoring, and positive role modeling. The foundation's efforts in Lenexa, KS, create opportunities for young men aged 8-17 to access life-changing experiences and guidance, ultimately helping them reach their full potential.
This information is meant to be a general summary of Mk Youth 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: $999,266
Assets and Liabilities:
- Total Assets: $1,578,668
- Total Liabilities: $1,350,580
- Net Assets: $228,088
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Organization Details
Founding Year
2019
Phone
(913) 744-1138Principal Officer
Matthew Suther
Main Address
9541 CAILLER DR, LENEXA, KS, 66220
NTEE Category
Code: B80 - Education
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