Overview
What is American Opportunity Foundation Taggart?
American Opportunity Foundation Taggart is a nonprofit organization situated in Salt Lake City, Utah, specifically at 3030 S Main Street Suite 100. Its primary mission is to advance educational and scientific objectives, achieving this goal by offering scholarships and potential endowments. The foundation supports the South High Alumni Association in granting scholarships to deserving undergraduate candidates. By providing financial aid, the organization aims to contribute to the education sector and support the academic pursuits of talented individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. The American Opportunity Foundation Taggart has received a Two-Star out of Four Star rating with an overall score of 63%. This rating indicates that while the organization has made some strides in governance, particularly with its fully independent board, there are significant areas requiring improvement, particularly in transparency and financial reporting.
One of the strengths noted is the foundation's 100% independent board members, which reflects a commitment to governance standards. However, the foundation has substantial shortcomings in accountability, as evidenced by missing financial statements and several key policies, including conflict of interest and whistleblower policies. These gaps have impacted its overall score, as the organization has not demonstrated adequate transparency regarding its operations and financial practices.
Additionally, while the organization maintains a healthy liabilities to assets ratio and a program expense ratio of 67.09%, the lack of publicly available financial information raises concerns about its fiscal management. Without proper documentation and disclosures, potential donors and stakeholders may find it challenging to assess the organization's impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is American Opportunity Foundation Taggart legitimate?
American Opportunity Foundation Taggart is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Opportunity Foundation Taggart 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 American Opportunity Foundation Taggart?
The American Opportunity Foundation Taggart is dedicated to advancing educational and scientific objectives. It accomplishes this by offering scholarships and/or endowments as a means to further these goals. Specifically, the foundation provides scholarships to the South High Alumni Association, which then awards these scholarships to deserving undergraduate candidates. This philanthropic organization is committed to fostering knowledge and development through financial aid.
Who is the CEO of American Opportunity Foundation Taggart?
Richard M Taggart is the Trustee of American Opportunity Foundation Taggart.
What is the revenue of American Opportunity Foundation Taggart?
American Opportunity Foundation Taggart's revenue in 2022 was $804,605.
Who are the executives of American Opportunity Foundation Taggart and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for American Opportunity Foundation Taggart?
American Opportunity Foundation Taggart's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Opportunity Foundation Taggart
American Opportunity Foundation Taggart is an organization with a mission to advance educational and scientific objectives. They achieve this mission by granting scholarships and endowments. Specifically, the foundation provides financial aid to deserving undergraduate candidates through the South High Alumni Association. By offering these scholarships, the American Opportunity Foundation Taggart aims to support and invest in the next generation's education, fostering the pursuit of knowledge and scientific growth.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
American Opportunity Foundation Taggart significantly impacts educational access and opportunities in the community by providing scholarships to deserving undergraduate candidates. By collaborating with the South High Alumni Association, the foundation helps alleviate the financial burden of higher education for students, fostering a culture of learning and achievement. This commitment to philanthropy not only enhances individual lives but also contributes to the broader educational landscape in Salt Lake City, Utah, empowering students to pursue their academic aspirations and contribute positively to society.
This information is meant to be a general summary of American Opportunity Foundation Taggart. 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: $54,260
- Gross Receipts: $804,605
Assets and Liabilities:
- Total Assets: $2,640,231
- Total Liabilities: $0
- Net Assets: $2,640,231
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Principal Officer
Richard M Taggart
Main Address
3030 S MAIN STREET SUITE 100, SALT LAKE CITY, UT, 84115
NTEE Category
Code: T31 - Philanthropy
If you are a representative of American Opportunity Foundation Taggart and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.