Overview
What is Poetic Justice Foundation?
The Poetic Justice Foundation is a nonprofit organization located in Portland, Oregon, with a mission to foster sustainable wealth within Black communities. They achieve this objective through education, outreach, and action. A notable initiative by the organization involves upgrading their community building and identifying small businesses owned by People of Color, with a particular focus on women. Among these businesses, Holy Beans Coffee and DB Desserts were chosen to open a brick-and-mortar shop in a historically Black neighborhood that has undergone gentrification and increased pricing. This move has contributed to the growth of these businesses and provided them with affordable rental space in a high-rent district.
Official website here: www.thepoeticjusticefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
The Poetic Justice Foundation has been recognized with an 88% rating, signifying strong accountability and financial performance. This rating is entirely based on their accountability and finance beacon, which indicates a solid structure in governance and transparency. The organization boasts an independent board with 100% of its members being independent, which is a significant strength in terms of effective oversight and unbiased decision-making.
In terms of financial health, the foundation has exhibited no material diversion of assets and maintains a favorable ratio of liabilities to assets at 0.00%. It's also commendable that they have implemented various policies, including conflict of interest and whistleblower policies, which further underscores their commitment to ethical governance. The transparency of their operations is enhanced by the documentation of board meeting minutes and the posting of their tax forms on their website.
However, the organization has a lower program expense ratio of 60.66%, which may indicate that a smaller portion of their expenses is directed towards their programs compared to other nonprofits. This could be a potential area for improvement, as stakeholders may wish to see a greater investment in direct program services. Overall, the Poetic Justice Foundation demonstrates solid governance and financial accountability, while continuing to seek ways to enhance its programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Poetic Justice Foundation legitimate?
Poetic Justice Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Poetic Justice 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thepoeticjusticefoundation.org
What is the mission statement of Poetic Justice Foundation?
The Poetic Justice Foundation's mission is centered around creating sustainable wealth for Black communities. They achieve this goal through various means, including education, outreach, and direct action. The organization has made strides in this regard by investing in small businesses owned by people of color, particularly women. For instance, they have supported the growth of Holy Beanz Coffee and DB Desserts by providing them with a brick-and-mortar shop in a historically Black neighborhood that has been gentrified. This support has not only helped these businesses to scale but also offers them under-market value rent in a high-rent district. Overall, the Poetic Justice Foundation aims to uplift Black communities by fostering economic growth and empowerment.
Official website here: www.thepoeticjusticefoundation.org
Who is the CEO of Poetic Justice Foundation?
David Ferguson is the President of Poetic Justice Foundation.
Official website here: www.thepoeticjusticefoundation.org
What is the revenue of Poetic Justice Foundation?
Poetic Justice Foundation's revenue in 2022 was $39,433.
Official website here: www.thepoeticjusticefoundation.org
Who are the executives of Poetic Justice Foundation and what are their salaries?
There 6 volunteers at Poetic Justice Foundation.
Here are 6 key members and their salaries:
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Official website here: www.thepoeticjusticefoundation.org
Where can I find the form 990 for Poetic Justice Foundation?
Poetic Justice Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thepoeticjusticefoundation.org
Learn more at the official website: www.thepoeticjusticefoundation.org
Mission Statement of Poetic Justice Foundation
The Poetic Justice Foundation, a nonprofit organization, is committed to fostering sustainable wealth within the Black community. They accomplish this mission through education, outreach, and direct action. Upon completing necessary upgrades to their community building, the foundation sought out small businesses owned by people of color, with a particular focus on women of color. Among these, Holy Beans Coffee and DB Desserts were chosen to establish brick-and-mortar shops in a historically Black neighborhood that has been subjected to gentrification and high rental prices. This initiative has not only aided in the growth of these businesses but also provided them with a more affordable rental space in a high-rent district. Thus, the Poetic Justice Foundation is actively working towards empowering Black communities by promoting economic growth and opportunity.
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Impact
August, 2024
The Poetic Justice Foundation has had a significant impact on the community by creating sustainable wealth for Black communities through education, outreach, and action. Their initiatives have helped in vetting and supporting small businesses owned by people of color, with a focus on women of color. For example, the foundation facilitated the opening of Holy Beanz Coffee and DB Desserts in a historically Black neighborhood that had been gentrified and outpriced for many. By providing under-market value rent in a high-rent district, they have supported these businesses to scale and thrive. This practical approach to empowering Black communities demonstrates the foundation's commitment to making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Poetic Justice 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.
- Investment Income: $2
- Program Service Revenue: $24,431
- Gross Receipts: $39,433
Assets and Liabilities:
- Total Assets: $1,437,367
- Total Liabilities: $0
- Net Assets: $1,437,367
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$24,431
Organization Details
Founding Year
2001
Phone
(503) 427-8355Principal Officer
David Ferguson
Main Address
2622 NE ALBERTA ST, PORTLAND, OR, 97211
NTEE Category
Code: B29 - Education
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