Overview
What is Wildacres Retreat Foundation?
The Wildacres Retreat Foundation, headquartered in Charlotte, North Carolina, serves as an auxiliary entity for Wildacres Retreat Inc. Its primary role is to manage endowment funds and aid in achieving the objectives of its parent organization and associated charitable programs. These programs encompass the operation of the Wildacres Retreat Conference Center at Little Switzerland, NC, and the Wildacres Leadership Initiative. The foundation also supports the William C. Friday Fellowships, all aimed at fostering personal and professional growth through conferences and leadership programs. Its activities primarily revolve around endowment work, providing financial support to these initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Wildacres Retreat Foundation has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating emphasizes the organization's strong accountability and finance practices, which is crucial for donor trust and transparency. The evaluation is based solely on financial metrics, indicating that the foundation operates without any material diversion of assets and maintains a favorable liabilities-to-assets ratio.
The foundation showcases numerous organizational strengths, including a fully independent board of directors, which scored a perfect 10 out of 10. Additionally, it has successfully demonstrated a commitment to program expenses, with 100% of its expenses allocated to its programs. However, there are notable areas of improvement, particularly concerning the lack of essential policies such as conflict of interest and whistleblower protections, which could enhance governance practices and stakeholder confidence.
While the overall financial health of the Wildacres Retreat Foundation appears strong, the absence of certain policies may be a concern for potential donors. Addressing these gaps could not only improve their ratings but also solidify their reputation as a responsible and transparent nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Wildacres Retreat Foundation legitimate?
Wildacres Retreat Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wildacres Retreat 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 Wildacres Retreat Foundation?
The Wildacres Retreat Foundation's mission is to support and aid in the fulfillment of Wildacres Retreat Inc.'s charitable objectives. One of its key responsibilities is assisting in the operation of the Wildacres Retreat Conference Center and the Wildacres Leadership Initiative. Additionally, the foundation carries out endowment-related activities, providing financial assistance to further these programs' purposes. The foundation's primary goal is to contribute to the successful execution of Wildacres Retreat Inc.'s charitable endeavors.
Who is the CEO of Wildacres Retreat Foundation?
Donna Chavis is the President of Wildacres Retreat Foundation.
What is the revenue of Wildacres Retreat Foundation?
Wildacres Retreat Foundation's revenue in 2022 was -$939,065.
Who are the executives of Wildacres Retreat Foundation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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Where can I find the form 990 for Wildacres Retreat Foundation?
Wildacres Retreat Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wildacres Retreat Foundation
The Wildacres Retreat Foundation is dedicated to supporting and aiding in the accomplishment of Wildacres Retreat Inc.'s charitable objectives. This includes overseeing the operations of the Wildacres Retreat Conference Center at Little Switzerland NC and the Wildacres Leadership Initiative, as well as the William C. Friday Fellowships. The foundation's role primarily involves performing endowment functions and offering assistance in these endeavors. By doing so, the Wildacres Retreat Foundation plays a crucial part in furthering the goals and objectives of Wildacres Retreat Inc. and its constituent programs.
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Impact
October, 2024
Wildacres Retreat Foundation plays a vital role in sustaining and enhancing the impact of Wildacres Retreat Inc. Its efforts focus on operating and maintaining the Wildacres Retreat Conference Center in Little Switzerland, NC, which serves as a scenic venue for gatherings, retreats, and personal development programs.
By performing endowment functions, the foundation ensures that necessary financial resources are available to support various charitable initiatives, including the Wildacres Leadership Initiative and the William C. Friday Fellowships. These programs promote leadership development and provide opportunities for individuals to engage in meaningful dialogue and collaboration.
Through grant-related work, the Wildacres Retreat Foundation effectively contributes to the longevity and success of these programs, fostering personal growth, community engagement, and educational opportunities for participants. With its headquarters in Charlotte, NC, the foundation continues to make a significant impact on the individuals and communities it serves, promoting a culture of philanthropy and support.
This information is meant to be a general summary of Wildacres Retreat 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: -$940,065
Assets and Liabilities:
- Total Assets: $4,873,531
- Total Liabilities: $0
- Net Assets: $4,873,531
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Organization Details
Founding Year
2007
Phone
(757) 478-7497Principal Officer
Donna Chavis
Main Address
PO BOX 34689, CHARLOTTE, NC, 282344689
NTEE Category
Code: T113 - Philanthropy
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