Overview
What is Hbcu Week Foundation Inc?
HBCU Week Foundation Inc, a nonprofit organization situated in Wilmington, Delaware, focuses on motivating high school students to join Historically Black Colleges and Universities (HBCUs). In 2022, they successfully raised $356,000 for scholarships and distributed a substantial amount of $303,914 in awards. Their most significant activities included conducting a college fair, resulting in on-the-spot acceptances for 2,641 students, offering 934 scholarships, including 325 full and 609 partial scholarships. By doing so, HBCU Week Foundation Inc contributed a substantial total of $23,577,094 in scholarships provided by HBCUs. Their mission is to establish a pipeline for employment opportunities from undergraduate studies to corporate America.
Official website here: www.hbcuweek.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The HBCU Week Foundation Inc has received a two-star rating from Charity Navigator, indicating that there are areas requiring attention, particularly in financial management and transparency. With an overall score of 72%, the organization demonstrates strengths in having an independent board and a solid program expense ratio, which suggests effective allocation of resources towards its mission.
However, significant concerns exist regarding the foundation's financial statements and overall accountability. The organization scored poorly on the independent board size and has not established key policies such as whistleblower protection and document retention, which are essential for good governance. Furthermore, the fundraising efficiency ratio is low, indicating that fundraising efforts might not be yielding sufficient returns.
While the foundation shows promise in certain areas, its limitations in financial practices and governance policies could hinder its long-term effectiveness. Stakeholders may want to consider these factors when evaluating the foundation's impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Hbcu Week Foundation Inc?
4 reviewers on Facebook have shared their thoughts on the HBCU Week Foundation Inc. While the organization currently lacks a star rating due to the limited number of reviews, the available comments highlight a positive sentiment.
One user emphasized the importance of the event, stating that all potential college students should attend, indicating that the foundation provides valuable opportunities and resources for future scholars. This suggests that the nonprofit is effectively meeting the needs of its audience and is perceived as a beneficial platform for those aspiring to further their education.
Overall, although the reviews are few, they suggest that the HBCU Week Foundation Inc. is regarded as a worthwhile organization that encourages and supports college-bound individuals.
This AI summary has been generated from reviews found on Facebook.
Is Hbcu Week Foundation Inc legitimate?
Hbcu Week Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hbcu Week 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
For more financial information, click here
Official website here: www.hbcuweek.org/
What is the mission statement of Hbcu Week Foundation Inc?
The mission of HBCU Week Foundation Inc is centered around motivating high school students to pursue higher education at Historically Black Colleges and Universities (HBCUs). The organization strives to provide scholarship funds for these students to aid in their enrollment and continues to maintain a pipeline leading from undergraduate studies to corporate America. In 2022, HBCU Week successfully raised a substantial sum of 356,000 dollars for scholarships and awarded a total of 303,914 dollars in scholarships. Their significant activities in 2022 resulted in 2,641 on-the-spot college acceptances, 934 scholarships offered, with 325 being full scholarships and 609 being partial scholarships, collectively totaling 23,577,094 dollars in scholarships offered by HBCUs.
Official website here: www.hbcuweek.org/
Who is the CEO of Hbcu Week Foundation Inc?
Ashley Christopher Esq is the President of Hbcu Week Foundation Inc.
Official website here: www.hbcuweek.org/
What is the revenue of Hbcu Week Foundation Inc?
Hbcu Week Foundation Inc's revenue in 2022 was $2,058,154.
Official website here: www.hbcuweek.org/
Who are the executives of Hbcu Week Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $20,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hbcuweek.org/
Where can I find the form 990 for Hbcu Week Foundation Inc?
Hbcu Week Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hbcuweek.org/
Learn more at the official website: www.hbcuweek.org/
Mission Statement of Hbcu Week Foundation Inc
HBCU Week Foundation Inc, a non-profit organization, is dedicated to inspiring high school-aged students to pursue higher education at Historically Black Colleges and Universities (HBCUs). Its primary mission is twofold: firstly, to promote the enrollment of these students into HBCUs, and secondly, to provide financial aid in the form of scholarships to facilitate their matriculation. The ultimate goal is to establish a pipeline that leads from undergraduate education at HBCUs to employment opportunities within corporate America.
In fulfilling its mission, HBCU Week Foundation Inc organizes various events and initiatives. One of its most significant activities is an annual college fair, where students have the opportunity to apply for scholarships on the spot. The foundation's efforts in 2022 resulted in 2,641 on-the-spot acceptances, 934 scholarships offered, with 325 being full scholarships and 609 being partial scholarships. The total amount of scholarships offered by HBCUs during this period reached an impressive 23,577,094 dollars. In addition to these scholarship initiatives, HBCU Week Foundation Inc raised 356,000 dollars in 2022 and awarded 303,914 dollars in scholarships, demonstrating its commitment to supporting the educational aspirations of young individuals.
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Impact
July, 2024
Hbcu Week Foundation Inc's impact in 2022 was significant. They hosted a college fair where 2,641 students received acceptances on the spot. Additionally, they offered 934 scholarships, including 325 full scholarships and 609 partial scholarships, totaling $23,577,094 offered by HBCUs. The organization raised $356,000 for scholarships and awarded $303,914 in scholarships. Their mission is to encourage high-school aged youth to enroll in HBCUs, provide scholarship support, and create a pipeline for employment from undergraduate school to corporate America. Their focus on education is evident through their impactful work.
This information is meant to be a general summary of Hbcu Week 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.
- Program Service Revenue: $175,700
- Gross Receipts: $2,058,154
Assets and Liabilities:
- Total Assets: $338,938
- Total Liabilities: $38,473
- Net Assets: $300,465
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admin Fee Income
Revenue
$175,700
Organization Details
Founding Year
2020
Phone
(302) 544-0799Principal Officer
Ashley Christopher Esq
Main Address
1022 COLEMAN STREET, WILMINGTON, DE, 19805
Website
www.hbcuweek.org/NTEE Category
Code: B80 - Education
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