Overview
What is The Walter Kaitz Foundation?
The Walter Kaitz Foundation is a national organization situated in Washington, D.C., with a mission to promote diversity within the cable and broadband industry. They achieve this goal through various initiatives. Primarily, their grants program funds innovative projects in two key areas: community and resource development, which aims to enhance the industry's access to diverse suppliers and entrepreneurs, and workforce development, which assists organizations serving diverse professionals by providing them with new tools and training for skill enhancement and career advancement. The foundation's comprehensive strategy also includes strengthening ties with diverse communities and improving the industry's supplier diversity program.
Official website here: www.walterkaitz.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Walter Kaitz Foundation has achieved an impressive 96% score on Charity Navigator, reflecting a strong commitment to accountability and financial health. The foundation's overall score is derived entirely from its Accountability & Finance metrics, indicating a robust governance structure and effective resource management. Notably, the organization boasts a 95% independent board, ensuring diverse oversight and decision-making.
The foundation's financial practices are commendable, with a program expense ratio of approximately 73.93%, demonstrating a significant dedication to its mission-related activities. Additionally, the foundation maintains essential policies such as conflict of interest and whistleblower protections, which contribute to its transparency and ethical standards. The absence of material diversion of assets further underscores its integrity in handling funds.
While the foundation’s score is strong, it is essential for stakeholders to consistently monitor its financial practices and program outcomes over time. Overall, The Walter Kaitz Foundation exemplifies responsible governance and effective funding allocation, making it a reputable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Walter Kaitz Foundation legitimate?
The Walter Kaitz Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Walter Kaitz 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: $133,666
For more financial information, click here
Official website here: www.walterkaitz.org
What is the mission statement of The Walter Kaitz Foundation?
The Walter Kaitz Foundation is a national organization committed to fostering diversity within the cable and broadband industry. To fulfill its mission, the foundation has implemented a comprehensive approach. This strategy encompasses a grant-awarding program, enhancing the industry's supplier diversity program, developing a comprehensive website, and strengthening ties with diverse communities across the nation. By implementing these initiatives, the Walter Kaitz Foundation aims to promote diversity and inclusivity within the cable and broadband sector.
Official website here: www.walterkaitz.org
Who is the CEO of The Walter Kaitz Foundation?
Michael Powell is the CEO of The Walter Kaitz Foundation The CEO's salary of The Walter Kaitz Foundation is $0 and their total compensation is $3,342,191.
Official website here: www.walterkaitz.org
What is the revenue of The Walter Kaitz Foundation?
The Walter Kaitz Foundation's revenue in 2024 was $1,202,826.
Official website here: www.walterkaitz.org
Who are the executives of The Walter Kaitz Foundation and what are their salaries?
There 17 volunteers at The Walter Kaitz Foundation.
Here are 19 key members and their salaries (The Walter Kaitz Foundation's CEO's salary is $0 and their total compensation is $3,342,191):
- Compensation: $0
- Related: $3,289,172
- Other: $53,019
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- Related: $210,870
- Other: $32,209
Official website here: www.walterkaitz.org
Where can I find the form 990 for The Walter Kaitz Foundation?
The Walter Kaitz Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.walterkaitz.org
Learn more at the official website: www.walterkaitz.org
Mission Statement of The Walter Kaitz Foundation
The Walter Kaitz Foundation, established as a national organization, is committed to fostering diversity within the cable and broadband industry. To achieve this mission, the foundation has adopted a comprehensive approach. This strategy encompasses various elements, including a grant awarding program, enhancing the industry's supplier diversity program, creating an extensive website, and strengthening connections with diverse communities across the nation. Through these initiatives, The Walter Kaitz Foundation aims to promote a more inclusive environment within the cable and broadband sector.
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Impact
July, 2024
The Walter Kaitz Foundation has a significant impact within the cable and broadband industry. Through its grants program, the foundation funds creative and unique projects that support diversity in two key areas: community and resource development, and workforce development. By funding initiatives that provide better access to diverse suppliers and entrepreneurs, as well as supporting workforce development programs, the foundation plays a vital role in strengthening diversity within the industry. This helps in creating opportunities for diverse professionals to enhance their skills and accelerate their career advancement, ultimately contributing to a more inclusive and thriving industry landscape.
This information is meant to be a general summary of The Walter Kaitz 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 2024.
- Investment Income: $22,154
- Program Service Revenue: $125,600
- Gross Receipts: $1,765,500
Assets and Liabilities:
- Total Assets: $3,662,471
- Total Liabilities: $234,547
- Net Assets: $3,427,924
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$125,500
OTHER INCOME
Revenue
$100
Organization Details
Founding Year
1980
Principal Officer
Nilda Gumbs
Website
www.walterkaitz.orgNTEE Category
Code: A120 - Arts
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