Yield Foundation Inc.

Overview

Yield Foundation Inc. is a 501(c)(3) nonprofit organization based in Jacksonville, Florida, recognized for its commitment to educational and charitable purposes. Founded with the mission to support youth development, the organization engages in activities aimed at enhancing children's educational outcomes.

Mission and Activities

The primary focus of Yield Foundation Inc. is to provide educational support to children, specifically through tutoring in reading and math. The organization aims to ensure that all participating children improve their academic performance, with a notable goal of helping all tutored children pass their school grades. Additionally, the foundation promotes digital literacy by facilitating access to computer-based learning.

Financial Information

The organization operates under the EIN 593466655 and has reported significant reliance on contributions as its primary revenue source. Its financial activities are reflected in Form 990, which indicates that all income is derived from donations. As of the latest filings, Yield Foundation Inc. has recorded total assets of approximately $1, with a consistent pattern of financial contributions each year. In recent fiscal years, contributions have varied from approximately $93,000 to $106,500, representing 100% of its total revenue.

Governance

The foundation is governed by a board of trustees and officers, including President Rahman Ali. Notably, the organization has recorded no compensation for its key officers, indicating a commitment to allocate its resources towards its educational mission.

Community Impact

Through its tutoring programs, Yield Foundation Inc. directly impacts the educational advancement of children in the Jacksonville area. By focusing on essential skills in reading and mathematics, the foundation contributes to the broader goal of improving academic success and reducing educational disparities among youth.

Recognition

Yield Foundation Inc. has received a rating of 3 out of 4 stars from Charity Navigator, reflecting its transparency and effective use of donations towards its mission. This rating system provides potential donors with insights into the organization's operational effectiveness and commitment to its goals.

In summary, Yield Foundation Inc. serves as a vital resource for educational support in its community, striving to foster academic success among children through dedicated tutoring and educational initiatives.

[1] https://projects.propublica.org/nonprofits/organizations/593466655 [2] https://www.charitynavigator.org/ein/593466655 [3] https://en.wikipedia.org/wiki/Yield_Giving [4] https://yieldgiving.com [5] https://yieldgiving.com/process/