Overview
What is Careerspring Foundation?
Careerspring Foundation is a nonprofit organization situated in Bellaire, Texas, specifically at 5311 Valerie Street. The primary mission of this organization is to empower first-generation college students by offering career-related resources, social connections, and job placement assistance. With a team of 14 dedicated individuals, Careerspring Foundation aims to unlock the employment potential of these students, thereby contributing to their overall success and growth.
Official website here: www.careerspring.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. The rating reflects the organization's accountability and financial health, with a notable program expense ratio of 80.36%, indicating that a significant portion of funds is directed towards its programs. It also boasts a fully independent board, which strengthens governance and decision-making processes.
However, the organization has some areas of concern that could impact its overall effectiveness. Notably, Careerspring Foundation is missing key policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These omissions raise questions about transparency and accountability practices within the organization.
The financial metrics show a low liabilities to assets ratio at 5.71%, suggesting good financial stability. While the foundation demonstrates strong governance in terms of board independence and material diversion of assets, the lack of certain policies may hinder its overall accountability. Addressing these limitations could enhance its credibility and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Careerspring Foundation legitimate?
Careerspring Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Careerspring 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: $607,750
For more financial information, click here
Official website here: www.careerspring.org
What is the mission statement of Careerspring Foundation?
The Careerspring Foundation's mission is centered around empowering first-generation college students by unlocking their employment potential. They achieve this by offering career information, fostering social capital, and providing job placement services. This holistic approach aims to equip these students with the necessary resources and connections to successfully navigate the job market. The foundation's activities are geared towards enhancing the employability of first-generation college students, thereby bridging the gap between education and employment.
Official website here: www.careerspring.org
Who is the CEO of Careerspring Foundation?
Paul Posoli is the Director of Careerspring Foundation.
Official website here: www.careerspring.org
What is the revenue of Careerspring Foundation?
Careerspring Foundation's revenue in 2022 was $915,775.
Official website here: www.careerspring.org
Who are the executives of Careerspring Foundation and what are their salaries?
The average compensation at Careerspring Foundation during 2022 was $43,411. There are 14 employees at Careerspring Foundation.
Here are 12 key members and their salaries:
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Official website here: www.careerspring.org
Where can I find the form 990 for Careerspring Foundation?
Careerspring Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.careerspring.org
Learn more at the official website: www.careerspring.org
Mission Statement of Careerspring Foundation
Careerspring Foundation, a renowned nonprofit organization, is committed to unlocking the employment potential of first-generation college students. They achieve this mission by offering a multifaceted approach, encompassing the provision of career information, fostering social capital, and facilitating job placement services. The organization's primary goal is to bridge the gap for students who, being the first in their families to attend college, may lack the necessary resources and networks to secure employment opportunities. By providing these essential services, Careerspring Foundation empowers these students, equipping them with the necessary tools to navigate the professional world and build successful careers.
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Impact
July, 2024
Careerspring Foundation's impact can be seen in the transformation of first-generation college students' employment potential. By providing career information, social capital, and job placement services, Careerspring Foundation empowers these students to navigate the job market successfully. Through their efforts, they are bridging the gap between education and employment, ensuring that these students have the support and resources needed to secure meaningful careers. Their work is not only helping individuals achieve their professional goals but also contributing to a more diverse and skilled workforce.
This information is meant to be a general summary of Careerspring 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: $915,775
Assets and Liabilities:
- Total Assets: $193,228
- Total Liabilities: $12,134
- Net Assets: $181,094
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Organization Details
Founding Year
2020
Phone
(713) 503-3393Principal Officer
Paul Posoli
Main Address
5311 VALERIE ST, BELLAIRE, TX, 77401
Website
www.careerspring.orgNTEE Category
Code: B11 - Education
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