Overview
What is Bolivar Foundation Inc?
Bolivar Foundation Inc, located in Miami, Florida, is a nonprofit organization with a mission to aid small entrepreneurs. Their primary focus is on helping these individuals develop their own businesses and gain financial literacy. The foundation is currently planning programs for the upcoming year. They operate from an office at 3105 NW 107 Avenue, Suite 601. The foundation does not provide specific details about the extent of their reach or the methods they use to achieve their mission, but their goal is clear: to empower small entrepreneurs and foster financial growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 20%
The Bolivar Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The overall score of 20% reflects major weaknesses in areas such as board independence, with 0% of board members being independent, which raises questions about governance and oversight.
Several critical policies and practices are notably absent, including a conflict of interest policy, a whistleblower policy, and a publicly accessible website for the nonprofit. These omissions contribute to the low score in accountability, highlighting a lack of transparency that potential donors may find troubling. Additionally, the organization appears to have low financial ratios related to program expenses and liabilities, signaling potential inefficiencies in operations.
Despite a proper document retention policy and the availability of board meeting minutes, the overall financial health and governance practices of Bolivar Foundation Inc warrant caution for donors and stakeholders. The absence of essential policies and the overall lack of independent oversight present significant limitations that may affect the charity's credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Bolivar Foundation Inc legitimate?
Bolivar Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bolivar 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 Bolivar Foundation Inc?
The Bolivar Foundation Inc's mission is centered around aiding small entrepreneurs. They strive to facilitate the growth of these entrepreneurs by providing them with the necessary tools to develop their own businesses. Additionally, the foundation is committed to educating these entrepreneurs financially, aiming to empower them in their ventures. Currently, the foundation is preparing programs for the upcoming year to further support this mission.
Who is the CEO of Bolivar Foundation Inc?
Alfonzo Bolivar is the President of Bolivar Foundation Inc.
What is the revenue of Bolivar Foundation Inc?
Bolivar Foundation Inc's revenue in 2022 was $11,200.
Who are the executives of Bolivar Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bolivar Foundation Inc?
Bolivar Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bolivar Foundation Inc
Bolivar Foundation Inc is committed to aiding small entrepreneurs in their journey to establish and grow their businesses. This mission involves providing educational resources to these entrepreneurs, empowering them to manage their ventures effectively. By doing so, the foundation contributes to the financial development of these individuals, thereby fostering economic growth and self-sufficiency within the community. As of now, the foundation is preparing its programs for the upcoming year, indicating its ongoing dedication to this cause.
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Impact
August, 2024
Bolivar Foundation Inc's impact is evident in its efforts to assist small entrepreneurs in developing their own businesses and providing financial education. Based in Miami, Florida, the foundation is dedicated to preparing programs to support entrepreneurs in the upcoming year. By focusing on empowering individuals to build sustainable businesses and improve their financial literacy, Bolivar Foundation Inc plays a crucial role in fostering economic growth and stability within the community.
This information is meant to be a general summary of Bolivar 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.
- Gross Receipts: $11,200
Assets and Liabilities:
- Total Assets: $2,453
- Total Liabilities: $0
- Net Assets: $2,453
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Organization Details
Founding Year
2019
Phone
(786) 800-8337Principal Officer
Alfonzo Bolivar
Main Address
3105 NW 107 AVENUE Ste 601, Miami, FL, 33172
NTEE Category
Code: Z99 - Unknown
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