Overview
What is Empresarios Latinos Foundation?
Empresarios Latinos Foundation is a nonprofit organization based in Houston, Texas, specifically at 7047 Harrisburg Blvd, Building B, 77011. Their primary mission, as outlined in lawful activities for non-profit corporations in Texas, is to provide support and education to charitable organizations. This encompasses engaging in various activities that further their cause and contribute to the community. The foundation is dedicated to making a positive impact through its operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37% (Zero-Star out of Four Star rating)
The Empresarios Latinos Foundation has received a low score of 37% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The rating is based entirely on the Accountability & Finance beacon, highlighting the importance of transparency and responsible management in nonprofit organizations. The zero-star rating suggests that potential donors should exercise caution when considering support for this charity.
In terms of strengths, the foundation has a fully independent board, which is a positive sign for governance. The organization has also demonstrated a commitment to certain financial policies, such as having no material diversion of assets and having a conflict of interest policy in place. However, the presence of only two independent board members raises concerns about governance effectiveness.
Despite these strengths, the organization falls short in several key areas. There is no website listed on its tax form, and it has missing whistleblower and tax form posting policies, which could affect its transparency. Moreover, the program expense ratio is alarmingly low at just 2.42%, indicating that the majority of its resources may not be directed towards its stated programs. This combination of factors may lead potential supporters to rethink their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Empresarios Latinos Foundation legitimate?
Empresarios Latinos Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Empresarios Latinos 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
For more financial information, click here
What is the mission statement of Empresarios Latinos Foundation?
The Empresarios Latinos Foundation engages in a variety of lawful activities that non-profit corporations can undertake, as permitted within the state of Texas. Their mission is primarily centered around providing support and education to charitable organizations. While the provided information does not detail specific objectives or goals, it implies that the foundation aims to contribute positively to the charitable sector through its activities.
Who is the CEO of Empresarios Latinos Foundation?
Unavailable The CEO's salary of Empresarios Latinos Foundation is $0 and their total compensation is $0.
What is the revenue of Empresarios Latinos Foundation?
Empresarios Latinos Foundation's revenue in 2022 was $1,500.
Who are the executives of Empresarios Latinos Foundation and what are their salaries?
Here are 3 key members and their salaries (Empresarios Latinos Foundation's CEO's salary is $0 and their total compensation is $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 Empresarios Latinos Foundation?
Empresarios Latinos Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Empresarios Latinos Foundation
Empresarios Latinos Foundation, as a non-profit organization, is dedicated to engaging in various lawful activities that are common among similar entities in the state of Texas. Beyond this broad scope, the foundation has a specific mission to provide support and education to charitable organizations. By doing so, Empresarios Latinos Foundation aims to contribute positively to the broader societal well-being, furthering the causes that these charitable organizations champion. The foundation's activities are geared towards fostering a positive impact in the communities it serves, ensuring that they have the necessary resources and knowledge to carry out their mission effectively.
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
Empresarios Latinos Foundation significantly impacts the community by providing vital support and educational resources to various charitable organizations. Based in Houston, Texas, it promotes the growth and sustainability of initiatives that cater to the needs of the Latino community. By engaging in lawful activities that foster education and empowerment, the foundation helps equip individuals and organizations with the tools they need to thrive. Its commitment to uplifting local communities through education is crucial in addressing social and economic challenges, enabling greater opportunities for advancement and self-sufficiency among those it serves.
This information is meant to be a general summary of Empresarios Latinos 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: $1,500
Assets and Liabilities:
- Total Assets: $3,821
- Total Liabilities: $0
- Net Assets: $3,821
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2020
Main Address
7047 HARRISBURG BLVD BLDG B, Houston, TX, 77011
NTEE Category
Code: B11 - Education
If you are a representative of Empresarios Latinos Foundation 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.