Overview
What is Eat Foundation Inc?
Eat Foundation Inc is a nonprofit organization with a mission to uplift communities from economic disadvantage. Located in New York State, they are dedicated to establishing a facility that fosters food research, development, and agricultural training. Additionally, the foundation offers life skills mentoring, aiming to empower individuals who are part of these underserved communities. Their activities are designed to be charitable, educational, and scientific in nature, contributing positively to the lives of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37%
Eat Foundation Inc. has received a low rating of 37%, resulting in a Zero-Star out of Four Star rating on Charity Navigator. This score reflects significant concerns regarding the organization's accountability and financial practices. Notably, the foundation has a strong independent board with all members being independent and a lack of asset diversion, but it lacks essential policies such as a whistleblower and document retention policy.
Despite having some strengths in board governance, the organization shows severe deficiencies in financial transparency and operational accountability. The absence of board meeting minutes and the failure to post tax forms on the nonprofit's website are particularly concerning, indicating a lack of transparency that may affect donor trust and engagement. Additionally, the program expense ratio is recorded at 0.00%, suggesting that the foundation may not be allocating resources effectively towards its mission.
Overall, while Eat Foundation Inc. has established a solid governance structure through its independent board, its low financial score and lack of crucial operational policies raise questions about its sustainability and effectiveness as a nonprofit organization. Donors and stakeholders should consider these limitations when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Eat Foundation Inc legitimate?
Eat Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eat 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
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What is the mission statement of Eat Foundation Inc?
Eat Foundation Inc's mission involves engaging in charitable, educational, and scientific activities, primarily focusing on individuals from economically disadvantaged communities. Their objective includes establishing a facility that supports food research and development, agricultural training, and life skills mentoring, aiming to empower these individuals and enhance their prospects. The organization's activities are geared towards uplifting these communities and nurturing their potential in the agricultural sector and beyond.
Who is the CEO of Eat Foundation Inc?
James Peterson is the Director, President of Eat Foundation Inc.
What is the revenue of Eat Foundation Inc?
Eat Foundation Inc's revenue in 2021 was $216.
Who are the executives of Eat Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Eat Foundation Inc?
Eat Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Eat Foundation Inc
Eat Foundation Inc is a charitable organization with a mission to support food research and development, agricultural training, and life skills mentoring. This mission is primarily focused on assisting individuals from economically disadvantaged communities. The corporation plans to establish a facility in New York State to carry out these activities, aiming to make a positive impact in the lives of those in need. Through its educational and scientific initiatives, Eat Foundation Inc seeks to empower individuals by providing them with the necessary skills and knowledge in the field of agriculture. The organization also offers life skills mentoring, equipping individuals with the tools they need to navigate their lives effectively. By focusing on these areas, Eat Foundation Inc aims to contribute to the betterment of its beneficiary community.
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Impact
October, 2024
Eat Foundation Inc focuses on creating a significant impact through its initiatives aimed at empowering individuals from economically disadvantaged communities. By establishing a facility in New York State dedicated to food research and development, the foundation promotes innovation and sustainability within the agricultural sector. Its emphasis on agricultural training equips participants with valuable skills that can enhance their employability and contribute to community development.
Additionally, the organization's life skills mentoring programs provide essential guidance for individuals, helping them build confidence and navigate personal and professional challenges. Through these comprehensive educational and scientific activities, Eat Foundation Inc fosters a supportive environment that not only addresses immediate needs but also lays the groundwork for long-term success and resilience in the communities it serves.
This information is meant to be a general summary of Eat 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 2021.
- Investment Income: $216
- Gross Receipts: $216
Assets and Liabilities:
- Total Assets: $1,435,017
- Total Liabilities: $82
- Net Assets: $1,434,935
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Organization Details
Founding Year
2020
Phone
(646) 270-7795Principal Officer
James Peterson
Main Address
PO BOX 1335, BRONX, NY, 10475
NTEE Category
Code: B99 - Education
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