Badu Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850828198 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Badu Foundation Inc?

Badu Foundation Inc is a nonprofit organization that focuses on empowering underprivileged youth by enhancing their financial literacy skills. They achieve this through hosting summer programs, which last between two and four weeks. These programs provide educational opportunities to enhance financial knowledge. The foundation also awards scholarships, amounting to a total of $19000, to support these young individuals. Beyond financial literacy, the foundation's mission is to help people create abundance.


Official website here: www.badufoundation.org

Is Badu Foundation Inc legitimate?

Badu Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Badu Foundation Inc submitted a form 990EZ, 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.


Official website here: www.badufoundation.org

What is the mission statement of Badu Foundation Inc?

The Badu Foundation Inc's mission is centered around empowering underprivileged youth by providing them with financial literacy education. The organization hosts summer programs, spanning four and two weeks respectively, to impart financial knowledge to these youth. In addition to the educational aspect, the foundation awards scholarships to further support the financial needs of these students. The mission of the Badu Foundation Inc extends beyond just financial aid, as they also strive to help individuals create an abundance.


Official website here: www.badufoundation.org

Who is the CEO of Badu Foundation Inc?

Jeff Badu is the President of Badu Foundation Inc.


Official website here: www.badufoundation.org

What is the revenue of Badu Foundation Inc?

Badu Foundation Inc's revenue in 2022 was $7,517.


Official website here: www.badufoundation.org

Who are the executives of Badu Foundation Inc and what are their salaries?


Here are 4 key members and their salaries:


Jeff Badu (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yvonne P Badu (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Noe Gil Merino (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Gilchrist (Director Of Fundraising)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.badufoundation.org

Where can I find the form 990EZ for Badu Foundation Inc?

Badu Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.badufoundation.org

Learn more at the official website: www.badufoundation.org

Mission Statement of Badu Foundation Inc

The Badu Foundation Inc is committed to assisting underprivileged youth by enhancing their financial literacy knowledge. This is achieved through hosting summer programs that span four and two weeks respectively. During these sessions, the organization imparts essential financial literacy skills to the participants. Furthermore, the Badu Foundation Inc extends financial aid to deserving individuals by granting scholarships. In the past, these scholarships have amounted to $15,500, $2,500, and $1,000 respectively. Beyond these initiatives, the Badu Foundation Inc has a broader mission of helping people create abundance, although the specifics of this mission are not detailed in the provided information.

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Impact




August, 2024

Badu Foundation Inc's impact can be seen in their dedication to enhancing the financial literacy knowledge of underprivileged youth. By hosting summer programs focused on financial education, they have awarded significant scholarships totaling $18,000. These efforts not only support the educational development of young people in Chicago, IL, but also contribute to creating a future where individuals have the skills and resources to achieve financial abundance. Their work in youth development is making a tangible difference in empowering the next generation.




This information is meant to be a general summary of Badu 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.

Revenue
$7,517 (2022)
Expenses
$7,502 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $7,517

Assets and Liabilities:

  • Total Assets: $25,443
  • Total Liabilities: $16,500
  • Net Assets: $8,943

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Organization Details

Principal Officer

Jeff Badu

Main Address

4258 N GREENVIEW AVE STE 1E, CHICAGO, IL, 60613

NTEE Category

Code: O50 - Youth development

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