Overview
What is Friends Of Hale County Foundation?
The Friends of Hale County Foundation is a nonprofit organization that focuses on uplifting poverty-stricken areas in West Alabama. Their initiatives encompass various sectors, including business, culture, education, and economic development. They extend their support through supplying educational resources and materials to local schools, as well as offering benevolent aid to underprivileged communities within Alabama. In essence, their mission is to assist the people of these impoverished regions in fostering growth and development in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Friends Of Hale County Foundation has received a low rating of 53%, indicating significant concerns in areas of accountability and finance. The organization lacks independent board members, which is critical for governance and oversight. Additionally, several key policies, such as conflict of interest and whistleblower policies, are missing, raising questions about transparency and ethical practices.
Despite these governance issues, the foundation demonstrates strengths in its financial management, with a high program expense ratio of 98.61%, suggesting that nearly all its spending is directed towards its programs rather than administrative costs. Furthermore, it has no liabilities to assets ratio, indicating a solid financial footing in terms of debt.
However, the absence of a website listed on its tax form and missing essential documents for public access highlight significant transparency deficiencies. These factors contribute to the low overall rating and suggest potential areas for improvement to enhance trust and accountability within the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Hale County Foundation legitimate?
Friends Of Hale County Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Hale County 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
What is the mission statement of Friends Of Hale County Foundation?
The Friends of Hale County Foundation is committed to assisting the people in poverty-stricken West Alabama. Their mission encompasses promoting business, cultural, educational, and economic development in the area. Through various programs, they offer educational support, including supplies and books, to local schools and provide benevolent aid to underprivileged regions of Alabama. In essence, their goal is to uplift and improve the living conditions in these economically disadvantaged areas.
What is the revenue of Friends Of Hale County Foundation?
Friends Of Hale County Foundation's revenue in 2023 was $132,217.
Who are the executives of Friends Of Hale County Foundation and what are their salaries?
There 4 volunteers at Friends Of Hale County Foundation.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of Hale County Foundation?
Friends Of Hale County Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Of Hale County Foundation
The Friends of Hale County Foundation is dedicated to aiding the people in impoverished areas of West Alabama. With a mission that encompasses business, cultural, educational, and economic development, this organization seeks to uplift and improve the living conditions of the community. By providing educational support, supplies, and resources, the foundation extends a helping hand to underprivileged schools in the region. Furthermore, the organization extends benevolent aid to areas in need, working tirelessly to foster growth and prosperity within West Alabama.
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Impact
August, 2024
The Friends Of Hale County Foundation positively impacts poverty-stricken areas of West Alabama by providing crucial support in business, cultural, educational, and economic development. Their programs offer educational resources, supplies, and books to schools, and extend benevolent aid to underprivileged regions within Alabama. Through their initiatives, they are actively working towards uplifting communities and fostering growth and opportunity in the area.
This information is meant to be a general summary of Friends Of Hale County 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 2023.
- Investment Income: $370
- Gross Receipts: $207,773
Assets and Liabilities:
- Total Assets: $141,222
- Total Liabilities: $0
- Net Assets: $141,222
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Organization Details
Founding Year
2002
Principal Officer
Law Lamar Iv
NTEE Category
Code: T30 - Philanthropy
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