Overview
What is Phoenix Akarama Foundation Inc?
The Phoenix Akarama Foundation Inc is a nonprofit organization that is dedicated to raising funds for and supporting community outreach scholarship programs. They accomplish this through various events, such as Fashionetta, which have positively impacted around 250 individuals. Furthermore, the foundation also offers a computer camp program for 60 children in the community, aiming to enhance their digital skills and opportunities. By participating in these initiatives, the Phoenix Akarama Foundation Inc contributes to the educational and social development of its local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating).
The Phoenix Akarama Foundation Inc. has received a Two-Star rating from Charity Navigator, indicating that while it demonstrates a satisfactory level of accountability and finance management, there are areas for improvement. The overall score is derived entirely from the accountability and finance beacon, reflecting positively on the organization's structural governance and financial practices.
Strengths include a fully independent board with a high number of independent members and strong performance in financial management metrics. The foundation has shown excellent figures in areas such as program expense ratio, where 91.24% of expenses go directly to programs, and no material diversion of assets has been reported. Additionally, the organization maintains transparency by documenting board meeting minutes.
However, the Two-Star rating suggests that potential donors may want to consider the organization's overall effectiveness and impact beyond financial metrics alone. While the foundation excels in financial accountability, further information on program outcomes and community impact could provide a more comprehensive picture of its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Phoenix Akarama Foundation Inc legitimate?
Phoenix Akarama Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phoenix Akarama 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 Phoenix Akarama Foundation Inc?
The Phoenix Akarama Foundation's mission revolves around raising funds and offering support for community outreach scholarship programs. They accomplish this through various initiatives, such as organizing events like Fashionetta, which positively impact around 250 individuals. Additionally, the foundation runs a computer camp program, benefiting approximately 60 children in the community. The primary objective of these activities is to enhance educational opportunities and provide resources to a significant number of individuals within the community.
Who is the CEO of Phoenix Akarama Foundation Inc?
Shawn E Gear is the President of Phoenix Akarama Foundation Inc.
What is the revenue of Phoenix Akarama Foundation Inc?
Phoenix Akarama Foundation Inc's revenue in 2022 was $52,705.
Who are the executives of Phoenix Akarama Foundation Inc and what are their salaries?
There 8 volunteers at Phoenix Akarama Foundation Inc.
Here are 15 key members and their salaries:
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Where can I find the form 990 for Phoenix Akarama Foundation Inc?
Phoenix Akarama Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phoenix Akarama Foundation Inc
Phoenix Akarama Foundation Inc is dedicated to raising funds and providing support for community outreach scholarship programs. Their mission is accomplished through various initiatives, such as hosting events like Fashionetta, which benefit around 250 individuals. Additionally, the foundation runs a computer camp program for 60 children in the community, aiming to equip them with essential digital skills. By offering these programs, Phoenix Akarama Foundation Inc aims to contribute to the education and development of the local community, ultimately improving the opportunities available to its members.
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Impact
August, 2024
Phoenix Akarama Foundation Inc's impact can be seen through its dedicated efforts in fundraising for community outreach scholarship funds. Through events like Fashionetta, the foundation supports around 250 individuals by providing them with access to educational opportunities they may not have otherwise had. Additionally, the foundation's computer camp program benefits 60 children in the community, empowering them with valuable tech skills and knowledge. By focusing on education, Phoenix Akarama Foundation Inc is making a meaningful difference in the lives of those they serve, contributing to a brighter future for the community.
This information is meant to be a general summary of Phoenix Akarama 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.
- Investment Income: $4
- Gross Receipts: $93,937
Assets and Liabilities:
- Total Assets: $374,180
- Total Liabilities: $0
- Net Assets: $374,180
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Organization Details
Founding Year
1994
Phone
(602) 510-4032Principal Officer
Shawn E Gear
Main Address
PO BOX 64971, PHOENIX, AZ, 85082
NTEE Category
Code: B82 - Education
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