Overview
What is The Wisdom Foundation?
The Wisdom Foundation is a nonprofit organization, residing in Rio Rancho, New Mexico, specifically at 1623 Plum Road. Its primary mission is to propagate and advance the teachings of wisdom, with a specific focus on the Rio Rancho community. This organization is dedicated to furthering wisdom-related knowledge and principles within its local area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The Wisdom Foundation has demonstrated strong accountability and financial practices, notably with a program expense ratio of 98.96%, indicating that nearly all of its expenses are directed toward its programs. Additionally, the organization has a fully independent board and shows no material diversion of assets, reflecting a solid governance structure.
However, the foundation faces significant limitations in areas of transparency and policy documentation. Notably, it has not posted its tax form on its website and lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These shortcomings have negatively impacted its overall rating and may raise concerns among potential donors regarding the organization's commitment to best practices in nonprofit governance.
While The Wisdom Foundation excels in program expenditure and board independence, its lack of critical policies and transparency measures suggests a need for improvement in these areas. Donors may want to consider this when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Wisdom Foundation legitimate?
The Wisdom Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Wisdom 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
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What is the mission statement of The Wisdom Foundation?
The Wisdom Foundation's mission is centered around propagating and advancing the teachings of wisdom. This mission is particularly focused on the community in Rio Rancho, New Mexico. The organization strives to further spread these teachings, aiming to contribute positively to the community and its members. While specific details about the nature of these teachings are not provided, it can be inferred that the foundation seeks to promote wisdom in various forms, potentially through education, awareness campaigns, or community events.
Who is the CEO of The Wisdom Foundation?
Douglas Philhower is the Chairman of The Wisdom Foundation.
What is the revenue of The Wisdom Foundation?
The Wisdom Foundation's revenue in 2022 was $655.
Who are the executives of The Wisdom Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Wisdom Foundation?
The Wisdom Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Wisdom Foundation
The Wisdom Foundation, as its mission states, is dedicated to promoting and advancing the teachings of wisdom. This organization focuses its efforts specifically within the Rio Rancho, New Mexico area. By doing so, it aims to contribute positively to this community by spreading the wisdom teachings, thereby enriching the lives of its people.
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Impact
October, 2024
The Wisdom Foundation significantly impacts the community by promoting and advancing the teachings of wisdom, particularly in the Rio Rancho, New Mexico area. By focusing on the dissemination of these teachings, the foundation fosters personal growth, ethical understanding, and a sense of community among its participants. Through various programs and initiatives, it encourages individuals to integrate wisdom into their daily lives, enhancing human services and overall quality of life in the region. This commitment not only educates but also inspires a collective pursuit of knowledge and understanding, which can drive social change and elevate community well-being.
This information is meant to be a general summary of The Wisdom 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: $18
- Gross Receipts: $655
Assets and Liabilities:
- Total Assets: $183,727
- Total Liabilities: $0
- Net Assets: $183,727
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Organization Details
Founding Year
2003
Phone
(575) 621-8991Principal Officer
Douglas Philhower
Main Address
1623 PLUM ROAD, RIO RANCHO, NM, 87144
NTEE Category
Code: P50 - Human services
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