Overview
What is Louis & Scholar Nwoke Foundation Inc?
Louis & Scholar Nwoke Foundation Inc is a global nonprofit organization, headquartered beyond specified borders, committed to alleviating poverty and addressing homelessness in developing communities. The foundation offers microfinance services, empowering individuals to break free from their financial constraints. Their mission is to improve lives through high-quality humanitarian services, delivering sustainable solutions and enhancing outcomes for recipients with a sense of pride. They foster a dynamic organizational culture and collaborate with local individuals, communities, and organizations to garner support and commitment in their project areas. Additionally, the foundation provides scholarships to communities and individuals lacking the means to further their education, aiming to foster growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (26%)
The Louis & Scholar Nwoke Foundation Inc has received a zero-star rating from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. With a score of only 26%, the organization is marked by a complete absence of independent board members and lacks several essential governance policies, such as conflict of interest and whistleblower policies. The absence of financial statements further raises red flags about transparency.
While the foundation does demonstrate a favorable liabilities-to-assets ratio at 0.00%, indicating no liabilities, its program expenses ratio of only 50.69% suggests that a substantial portion of its resources may not be directed effectively towards its programs. This is particularly concerning for potential donors who seek assurance that their contributions will support the mission of the organization.
Overall, the lack of key governance practices and financial transparency significantly undermines confidence in the Louis & Scholar Nwoke Foundation Inc. Donors are encouraged to carefully consider these factors when assessing the impact of their contributions and the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Louis & Scholar Nwoke Foundation Inc legitimate?
Louis & Scholar Nwoke Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louis & Scholar Nwoke Foundation Inc 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
What is the mission statement of Louis & Scholar Nwoke Foundation Inc?
The Louis & Scholar Nwoke Foundation is a global organization dedicated to addressing poverty and homelessness, particularly in developing countries. Through its activities, the foundation aims to empower individuals to escape the cycle of poverty and homelessness. The foundation provides high-quality humanitarian services, fostering a dynamic culture and delivering measurable, enhanced outcomes for its recipients. It is recognized as a proactive innovator in humanitarian services, driving sustainable solutions for long-term success. The foundation also strives to develop partnerships with local communities and organizations to engage support and commitment among those in its project areas. Additionally, the foundation offers scholarships to communities and individuals without the means to further their college education.
Who is the CEO of Louis & Scholar Nwoke Foundation Inc?
Officer is the Principal Officer of Louis & Scholar Nwoke Foundation Inc. The CEO's salary of Louis & Scholar Nwoke Foundation Inc is $0 and their total compensation is $0.
What is the revenue of Louis & Scholar Nwoke Foundation Inc?
Louis & Scholar Nwoke Foundation Inc's revenue in 2022 was $650,500.
Who are the executives of Louis & Scholar Nwoke Foundation Inc and what are their salaries?
Here are 5 key members and their salaries (Louis & Scholar Nwoke Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Louis & Scholar Nwoke Foundation Inc?
Louis & Scholar Nwoke Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Louis & Scholar Nwoke Foundation Inc
Louis & Scholar Nwoke Foundation Inc is a global organization dedicated to combating poverty and homelessness in developing nations. Their mission is threefold: they provide high-quality humanitarian services, offer microfinance to impoverished communities, and offer scholarships to individuals and communities lacking the means to further their education. The foundation's approach is proactive and innovative, aiming to deliver measurable and enhanced outcomes for its recipients while fostering a culture of excellence. They strive to build partnerships with local individuals, communities, and organizations to secure support and commitment within the communities they serve. By doing so, Louis & Scholar Nwoke Foundation Inc aims to drive sustainable solutions for long-term success, helping individuals and communities rise above the darkness of poverty and homelessness.
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Impact
July, 2024
Louis & Scholar Nwoke Foundation Inc's impact is profound and far-reaching. Through our global Housing and Homeless Shelter Outreach programs, we have provided vital support to poverty-stricken communities in the developing world. Our Microfinance initiatives empower individuals to lift themselves out of poverty and homelessness, enabling them to build sustainable futures.
Furthermore, we offer scholarships to those who lack the means to pursue higher education, thereby opening up new opportunities for personal and community growth. By delivering high-quality humanitarian services with measurable outcomes, we ensure that our efforts lead to tangible improvements in the lives of our beneficiaries.
As practical innovators in humanitarian services, we are committed to driving sustainable solutions for long-term success. By fostering partnerships with local individuals, communities, and organizations, we create a network of support and engagement that empowers those within our project areas to thrive.
In summary, Louis & Scholar Nwoke Foundation Inc is making a significant impact by providing essential resources, support, and opportunities to vulnerable populations, ultimately helping to break the cycle of poverty and homelessness.
This information is meant to be a general summary of Louis & Scholar Nwoke Foundation Inc. 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: $650,500
Assets and Liabilities:
- Total Assets: $1,449,060
- Total Liabilities: $0
- Net Assets: $1,449,060
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Organization Details
Phone
(310) 779-6762Principal Officer
Officer
Main Address
14623 Hawthorne Blvd 305, Lawndale, CA, 90260
NTEE Category
Code: L20 - Housing
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