Overview
What is Young Adult Consumer Education Trust?
The Young Adult Consumer Education Trust is a nonprofit organization, located in East Wenatchee, Washington, with an address at 304 Grant Rd Apt 6. Their primary mission revolves around maintaining and enhancing consumer education programs designed for young adults, which are readily available online at no cost. Currently, they are in the process of upgrading these existing resources and also developing new programs to expand their reach and impact. The trust's focus on consumer literacy aims to empower young adults with the necessary knowledge to navigate various aspects of financial planning and financial decision-making.
Official website here: www.consumerjungle.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36% (Zero-Star out of Four Star rating)
The Young Adult Consumer Education Trust has received a low rating of 36%, primarily reflecting concerns regarding its accountability and financial practices. While the organization scores well in certain areas, such as having a majority of independent board members and no material diversion of assets, critical policies such as conflict of interest and whistleblower protections are missing, which significantly impact its overall score.
On the positive side, the organization demonstrates good governance through its independent board composition and transparency in documenting board meeting minutes. However, the absence of essential policies raises concerns about its operational integrity. Furthermore, the low program expense ratio of 30.02% indicates that a substantial portion of funds may not be directed towards its intended programs, which is a limitation that potential donors should consider.
Overall, while the Young Adult Consumer Education Trust has some strengths in governance, the lack of necessary policies and low financial health as indicated by its poor program expense ratio and accountability issues make it a nonprofit that requires improvement to build trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Young Adult Consumer Education Trust legitimate?
Young Adult Consumer Education Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Adult Consumer Education Trust 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: $8,100
For more financial information, click here
Official website here: www.consumerjungle.org
What is the mission statement of Young Adult Consumer Education Trust?
The Young Adult Consumer Education Trust is committed to maintaining and enhancing consumer education programs available online, which were established in previous years. These resources are provided free of charge. Currently, they are in the process of upgrading and developing new programs to continue providing valuable consumer literacy information to young adults.
Official website here: www.consumerjungle.org
Who is the CEO of Young Adult Consumer Education Trust?
David Blue is the Mem of Young Adult Consumer Education Trust.
Official website here: www.consumerjungle.org
What is the revenue of Young Adult Consumer Education Trust?
Young Adult Consumer Education Trust's revenue in 2022 was $56,980.
Official website here: www.consumerjungle.org
Who are the executives of Young Adult Consumer Education Trust and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.consumerjungle.org
Where can I find the form 990 for Young Adult Consumer Education Trust?
Young Adult Consumer Education Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.consumerjungle.org
Learn more at the official website: www.consumerjungle.org
Mission Statement of Young Adult Consumer Education Trust
The Young Adult Consumer Education Trust is committed to maintaining and enhancing consumer education programs that were established in previous years. These programs, which are accessible on the internet, are designed specifically for young adults. Notably, these educational resources are offered free of charge to users. Currently, the Trust is in the process of upgrading and developing new programs to better serve its target audience, ensuring that the information remains relevant and beneficial.
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Impact
August, 2024
Young Adult Consumer Education Trust's impact lies in providing free consumer education programs for young adults on the internet. They maintain existing programs developed in prior years and are actively working on upgrading and developing new programs to enhance consumer literacy among this demographic. Based in East Wenatchee, WA, their mission is to make consumer education accessible and valuable to young adults, contributing to their financial literacy and empowerment.
This information is meant to be a general summary of Young Adult Consumer Education Trust. 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: $56,730
- Program Service Revenue: $250
- Gross Receipts: $56,980
Assets and Liabilities:
- Total Assets: $2,656,309
- Total Liabilities: $0
- Net Assets: $2,656,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISC
Revenue
$250
Organization Details
Founding Year
1999
Principal Officer
David Blue
Main Address
304 GRANT RD APT 6, EAST WENATCHEE, WA, 98802
Website
www.consumerjungle.orgNTEE Category
Code: B60 - Education
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