Overview
What is The John Mclendon Minority Leadership Initiative Foundation?
The John Mclendon Minority Leadership Initiative Foundation, abbreviated as MMLIF, is a nonprofit organization based in Westlake, Ohio. Its primary mission is to foster career opportunities for minority students interested in collegiate athletics administration. The foundation achieves this through the granting of 92 stipends, providing internship opportunities to help advance their careers in this field. Established with the purpose of empowering minorities, the foundation aims to enhance diversity and inclusion in collegiate athletics administration and similar enterprises.
Official website here: www.nacda.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%)
The John McLendon Minority Leadership Initiative Foundation has received a two-star rating, indicating a need for improvement in various areas of its operations. While the organization boasts a strong accountability structure with a fully independent board and no reported material diversion of assets, it faces significant challenges in financial transparency. The lack of financial statements and critical governance policies, such as conflict of interest and whistleblower policies, has contributed to its low score.
Strengths include a solid program expense ratio of 73.53%, demonstrating that a considerable portion of its funds is directed toward its programs. The organization shows good financial management with a very low liabilities to assets ratio of 0.13%. However, the absence of posted tax forms on its website and incomplete governance documentation are notable weaknesses that hinder its overall rating.
In summary, while the foundation is making strides in some aspects of its operation, the lack of essential financial transparency and governance policies raises concerns. Improving these areas could enhance its accountability and effectiveness, ultimately benefiting the communities it aims to serve.
This AI summary has been generated from information found on Charity Navigator.
Is The John Mclendon Minority Leadership Initiative Foundation legitimate?
The John Mclendon Minority Leadership Initiative Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The John Mclendon Minority Leadership Initiative 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.
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Official website here: www.nacda.com
What is the mission statement of The John Mclendon Minority Leadership Initiative Foundation?
The John Mclendon Minority Leadership Initiative Foundation was established with the primary goal of offering internship opportunities to minorities in the field of collegiate athletics administration and related industries. This initiative aims to foster the growth and advancement of minority careers by providing them with valuable work experiences. The foundation's mission encompasses the provision of career opportunities for minorities, thereby contributing to their professional development. To actualize this mission, the foundation has awarded stipends to 92 minority students pursuing careers in collegiate athletics administration.
Official website here: www.nacda.com
Who is the CEO of The John Mclendon Minority Leadership Initiative Foundation?
Patrick A Manak is the Principal Officer of The John Mclendon Minority Leadership Initiative Foundation.
Official website here: www.nacda.com
What is the revenue of The John Mclendon Minority Leadership Initiative Foundation?
The John Mclendon Minority Leadership Initiative Foundation's revenue in 2022 was $1,349,980.
Official website here: www.nacda.com
Who are the executives of The John Mclendon Minority Leadership Initiative Foundation and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.nacda.com
Where can I find the form 990 for The John Mclendon Minority Leadership Initiative Foundation?
The John Mclendon Minority Leadership Initiative Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nacda.com
Learn more at the official website: www.nacda.com
Mission Statement of The John Mclendon Minority Leadership Initiative Foundation
The John Mclendon Minority Leadership Initiative Foundation was established with the mission to offer internship opportunities for minorities in the field of collegiate athletics administration and similar enterprises. This initiative aims to advance the careers of minorities and provide them with valuable career opportunities. By offering these internships, the foundation seeks to empower minorities and broaden their prospects in this specific sector.
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Impact
July, 2024
The John McLendon Minority Leadership Initiative Foundation has made a significant impact by providing internship opportunities for minorities in collegiate athletics administration and similar enterprises. By awarding stipends to 92 minority students who aspire to pursue a career in collegiate athletics administration, the foundation is actively advancing the careers of minorities and creating valuable career opportunities. This initiative is crucial in promoting diversity and inclusivity within the field of athletics administration, ultimately contributing to a more representative and equitable industry.
This information is meant to be a general summary of The John Mclendon Minority Leadership Initiative 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.
- Investment Income: $31,208
- Gross Receipts: $1,349,980
Assets and Liabilities:
- Total Assets: $1,547,436
- Total Liabilities: $33,639
- Net Assets: $1,513,797
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Organization Details
Founding Year
2020
Phone
(216) 621-7860Principal Officer
Patrick A Manak
Main Address
24651 DETROIT ROAD, WESTLAKE, OH, 44145
Website
www.nacda.comNTEE Category
Code: B82 - Education
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