Overview
What is Spys Community Foundation?
Spys Community Foundation is a nonprofit organization situated in Sunfield, Michigan. Their primary mission is to manage scholarship award and activity funds, annually granting a portion of these funds to the Sunfield Area Sponsors of Programs for Youth for scholarships for local graduating seniors and various youth activities. By providing these scholarships and supporting youth activities, the foundation aims to contribute positively to the development and future prospects of young individuals in the Sunfield community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Spys Community Foundation has received a moderate rating of 73%, indicating some strengths in its governance and financial practices. Notably, the organization boasts a fully independent board, scoring full points in both majority independent board members and independent board size. Additionally, the charity demonstrates a strong program expense ratio of 99.83%, suggesting that a significant portion of its funds is directed towards its programs.
However, there are several areas of concern that impact its overall rating. The foundation lacks several key policies, including a conflict of interest policy and a whistleblower policy, both of which are critical for transparency and ethical governance. Furthermore, there are missing policies regarding document retention and destruction, which could pose risks in properly managing sensitive information.
Overall, while Spys Community Foundation shows solid performance in certain financial metrics, the absence of essential governance policies suggests a need for improvement in areas that promote accountability and trust. Enhancing these aspects could potentially elevate its rating and community trust in the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Spys Community Foundation legitimate?
Spys Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spys Community 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:
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What is the mission statement of Spys Community Foundation?
The Spys Community Foundation's primary role is to manage scholarship award and activity funds. Annually, they grant these funds to sponsors of programs in the Sunfield area, providing scholarships for graduating seniors and supporting youth activities. The foundation's mission is aimed at contributing to the education and development of local youth, providing them with opportunities to further their education and engage in enriching activities.
Who is the CEO of Spys Community Foundation?
John Fisher is the President of Spys Community Foundation.
What is the revenue of Spys Community Foundation?
Spys Community Foundation's revenue in 2022 was $57,590.
Who are the executives of Spys Community Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Spys Community Foundation?
Spys Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spys Community Foundation
Spys Community Foundation, a nonprofit organization, is dedicated to managing scholarship award and activity funds. Its primary mission is to make an annual grant to the sponsors of programs for youth in the Sunfield area. This grant is intended for two purposes: providing scholarships to graduating seniors and funding youth activities. By doing so, Spys Community Foundation aims to support the educational and recreational needs of the area's youth, thereby contributing to their overall development and well-being.
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Impact
August, 2024
Spys Community Foundation's impact can be seen in its support for the Sunfield area community. By managing scholarship award and activity funds, the foundation helps provide opportunities for area graduating seniors to further their education through scholarships. Additionally, their annual grant to Sunfield area sponsors of programs for youth benefits various youth activities, making a positive difference in the lives of young individuals in the community. Overall, Spys Community Foundation's dedication to philanthropy contributes significantly to the growth and development of the Sunfield area.
This information is meant to be a general summary of Spys Community 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: $44,590
- Gross Receipts: $57,590
Assets and Liabilities:
- Total Assets: $1,084,717
- Total Liabilities: $0
- Net Assets: $1,084,717
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Organization Details
Founding Year
2004
Principal Officer
John Fisher
Main Address
2543 E EATON HWY, SUNFIELD, MI, 48890
NTEE Category
Code: T30 - Philanthropy
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