Overview
What is Marvin Thomas Memorial Fund?
The Marvin Thomas Memorial Fund is a nonprofit organization situated in Seattle, Washington. With a strong focus on youth empowerment, they offer tutoring and mentoring programs, along with engaging in a variety of community events. Furthermore, they have an initiative called G.R.O.W, which aims to help girls overcome obstacles, reflecting their dedication to uplifting the lives of young individuals in the Seattle area, in honor of Marvin Thomas' legacy.
Official website here: www.marvinthomasmemorial.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51% - One-Star out of Four Stars
The Marvin Thomas Memorial Fund has received a low score of 51%, indicating significant concerns regarding its accountability and finance practices. Notably, the organization has no independent board members, which is critical for financial oversight and governance. While it has shown no material diversion of assets, lack of policies such as a conflict of interest and whistleblower protection raise red flags for potential governance issues.
On a positive note, the charity has a strong program expense ratio of 65.78%, suggesting that a majority of its funds are directed towards its programs. Additionally, it appears to maintain thorough documentation of board meeting minutes, which is an important aspect of organizational transparency. However, the absence of independent oversight and essential policies diminishes trust and accountability.
Overall, while the Marvin Thomas Memorial Fund allocates a significant portion of its resources to its mission, the absence of independent oversight and critical governance policies presents limitations that potential donors should consider. Addressing these issues could enhance their credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Marvin Thomas Memorial Fund legitimate?
Marvin Thomas Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marvin Thomas Memorial Fund 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: $7,700
Professional Fundraising Fees: $425
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.marvinthomasmemorial.org
What is the mission statement of Marvin Thomas Memorial Fund?
The Marvin Thomas Memorial Fund is dedicated to making a positive impact in the lives of young people in the Seattle area, honoring the legacy of Marvin Thomas. Their mission is achieved through various initiatives, including tutoring and mentoring programs, as well as organizing a variety of community events. Furthermore, the fund has initiated the G.R.O.W: Girls Removing Obstacles Worldwide Program, aimed at empowering young women. The organization's goal is to positively influence the future generations in the Seattle area, honoring the life and legacy of Marvin Thomas.
Official website here: www.marvinthomasmemorial.org
Who is the CEO of Marvin Thomas Memorial Fund?
Marvena L Kemp is the Treasurer of Marvin Thomas Memorial Fund.
Official website here: www.marvinthomasmemorial.org
What is the revenue of Marvin Thomas Memorial Fund?
Marvin Thomas Memorial Fund's revenue in 2022 was $104,734.
Official website here: www.marvinthomasmemorial.org
Who are the executives of Marvin Thomas Memorial Fund and what are their salaries?
There 10 volunteers at Marvin Thomas Memorial Fund.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.marvinthomasmemorial.org
Where can I find the form 990 for Marvin Thomas Memorial Fund?
Marvin Thomas Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marvinthomasmemorial.org
Learn more at the official website: www.marvinthomasmemorial.org
Mission Statement of Marvin Thomas Memorial Fund
The Marvin Thomas Memorial Fund is an organization dedicated to making a positive impact on the lives of youth in the Seattle area, paying homage to the legacy of Marvin Thomas. The mission of this nonprofit is twofold: firstly, it aims to provide tutoring and mentoring services to these young individuals, enabling them to overcome academic and personal challenges. Secondly, the Marvin Thomas Memorial Fund organizes a variety of community events, fostering a sense of unity and providing opportunities for personal growth. Additionally, the organization runs the G.R.O.W: Girls Removing Obstacles Worldwide Program, a initiative specifically designed to empower and support young girls, helping them overcome various obstacles and achieve their full potential.
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Impact
October, 2024
The Marvin Thomas Memorial Fund significantly impacts the lives of youth in the Seattle area by providing essential support through tutoring and mentoring programs. These initiatives enhance educational outcomes and foster personal growth, empowering young individuals to overcome challenges and pursue their ambitions.
The Fund also organizes a variety of community events that promote engagement and build connections among local youth, families, and mentors. These events create safe spaces for learning and social interaction, further supporting the development of essential life skills.
One of the noteworthy programs under the Fund's initiatives is G.R.O.W: Girls Removing Obstacles Worldwide. This program specifically targets the empowerment of young girls, helping them navigate barriers and achieve their full potential through mentorship, resources, and community support.
By honoring the legacy of Marvin Thomas, the Fund continually inspires and uplifts youth in Seattle, contributing to a future where they can thrive personally and academically.
This information is meant to be a general summary of Marvin Thomas Memorial Fund. 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.
- Gross Receipts: $104,734
Assets and Liabilities:
- Total Assets: $31,334
- Total Liabilities: $0
- Net Assets: $31,334
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Organization Details
Founding Year
2009
Phone
(206) 683-4060Principal Officer
Marvena L Kemp
Main Address
3250 - Airport Way S Ste 323, Seattle, WA, 981342173
Website
www.marvinthomasmemorial.orgNTEE Category
Code: H11 - Medical research
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