Overview
What is The Rightway Foundation?
The Rightway Foundation, situated in Los Angeles, California, is a nonprofit organization dedicated to enhancing the future of foster youth. Their mission revolves around providing a solid foundation of support, fostering positive values, and promoting mental health treatment. This is achieved primarily through employment opportunities, aiming to establish a prosperous future for these youth. With a team of five dedicated individuals, the foundation is committed to making a positive impact in their community.
Official website here: www.therightwayfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Rightway Foundation has received a Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, with an overall score of 87%. This rating is significant as it indicates a solid commitment to financial integrity and transparency, primarily derived from its excellent Accountability & Finance score. The charity boasts a fully independent board, effective financial management practices, and a robust conflict of interest policy, which are all critical factors in establishing trustworthiness.
Strengths highlighted in the data include a remarkable program expense ratio of 84.88%, indicating that a significant majority of its funds are directed towards its charitable programs rather than administrative costs. Furthermore, The Rightway Foundation demonstrates outstanding fundraising efficiency, with minimal costs associated with fundraising efforts, which suggests that it maximizes the impact of donations. The organization also has no material diversion of assets and maintains a well-documented governance structure.
While the Foundation shows notable strengths, the rating does not cover areas such as programmatic impact or community feedback, meaning potential donors may want to seek further information about the effectiveness of its initiatives. Overall, The Rightway Foundation appears to be a responsible and well-managed nonprofit, making a positive case for support based on its financial stewardship and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Rightway Foundation legitimate?
The Rightway Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rightway 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: $100,996
Professional Fundraising Fees: $0
Other Salaries and Wages: $387,190
For more financial information, click here
Official website here: www.therightwayfoundation.org
What is the mission statement of The Rightway Foundation?
The Rightway Foundation's mission is centered around creating a prosperous future for foster youth. They accomplish this by offering a foundation of support, instilling positive values, and providing mental health treatment. This holistic approach is solidified through the medium of employment, aiming to empower these youth and set them on a path towards success.
Official website here: www.therightwayfoundation.org
Who is the CEO of The Rightway Foundation?
Franco Vega is the Board President of The Rightway Foundation. The CEO's salary of The Rightway Foundation is $100,996 and their total compensation is $100,996.
Official website here: www.therightwayfoundation.org
What is the revenue of The Rightway Foundation?
The Rightway Foundation's revenue in 2022 was $2,144,208.
Official website here: www.therightwayfoundation.org
Who are the executives of The Rightway Foundation and what are their salaries?
The average compensation at The Rightway Foundation during 2022 was $97,637. There are 5 employees and 10 volunteers at The Rightway Foundation.
Here are 8 key members and their salaries (The Rightway Foundation's CEO's salary is $100,996 and their total compensation is $100,996):
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- Compensation: $100,996
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Official website here: www.therightwayfoundation.org
Where can I find the form 990 for The Rightway Foundation?
The Rightway Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.therightwayfoundation.org
Learn more at the official website: www.therightwayfoundation.org
Mission Statement of The Rightway Foundation
The Rightway Foundation, an organization dedicated to fostering prosperity, aims to provide a strong foundation for foster youth. Their mission is threefold: to instill good values, offer mental health treatment, and establish employment opportunities. This holistic approach seeks to empower foster youth, setting them on a path towards a successful and self-sufficient future. The Rightway Foundation believes that by providing this foundation of support, it can help foster youth build a prosperous life for themselves.
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Impact
July, 2024
The Rightway Foundation's impact lies in building a prosperous future for foster youth by providing them with a strong foundation of support, instilling good values, and addressing mental health needs, all solidified through employment opportunities. Their focus on empowering these young individuals not only sets them up for success in the present but also equips them with the tools needed to thrive in the long term. Their efforts are concentrated in Los Angeles, California, where they work tirelessly to make a positive difference in the lives of foster youth.
This information is meant to be a general summary of The Rightway 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.
- Program Service Revenue: $56,805
- Gross Receipts: $2,144,208
Assets and Liabilities:
- Total Assets: $1,855,980
- Total Liabilities: $198,264
- Net Assets: $1,657,716
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATION EMANCIPATION
Revenue
$56,805
Organization Details
Founding Year
2011
Phone
(323) 903-5021Principal Officer
Franco Vega
Main Address
Martin Luther King Jr Blvd, Los Angeles, CA, 90008
NTEE Category
Code: J20 - Employment
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