Overview
What is First Weber Foundation Inc?
First Weber Foundation Inc is a charitable organization based in Madison, Wisconsin, with a strong commitment to supporting communities in need. Primarily focusing on non-profit organizations, the foundation offers substantial financial aid, contributing over $4 million to over 1,000 eligible organizations since 2006. Their areas of interest primarily include housing assistance, shelter, and other essential necessities. Beyond financial aid, the foundation also promotes volunteer leadership and community strengthening, furthering its mission to make a positive impact in the communities where First Weber has a significant presence.
Official website here: www.firstweberfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
First Weber Foundation Inc has received a solid three-star rating from Charity Navigator, indicating a satisfactory performance in terms of accountability and finance. The organization scored 87% overall, which is derived solely from its accountability and finance metrics. The rating reflects strong financial health as evidenced by a program expense ratio of 95.66%, signifying that a large portion of its resources is directed towards its programs.
The foundation demonstrates commendable governance practices with a documented conflict of interest policy, whistleblower policy, and document retention policy, all of which are important for transparency and accountability. However, the majority of board members are not independent, with only 21% being independent, which may raise concerns about potential conflicts of interest in decision-making.
Overall, while First Weber Foundation Inc shows strength in financial management and compliance with governance standards, the limited number of independent board members could be viewed as a potential area for improvement. Maintaining high transparency and independence will be vital for sustaining trust and effectiveness in its charitable endeavors.
This AI summary has been generated from information found on Charity Navigator.
Is First Weber Foundation Inc legitimate?
First Weber Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Weber Foundation Inc 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
Official website here: www.firstweberfoundation.com
What is the mission statement of First Weber Foundation Inc?
The First Weber Foundation's mission is centered around enhancing community strength. They achieve this through both charitable donations and volunteer leadership. The foundation has a particular focus on areas where First Weber has a significant presence, with a keen interest in supporting housing-related programs and other causes that align with their values. The Foundation's giving programs aim to make a positive impact in these communities.
Official website here: www.firstweberfoundation.com
Who is the CEO of First Weber Foundation Inc?
Tammy Maddente is the Chair of First Weber Foundation Inc.
Official website here: www.firstweberfoundation.com
What is the revenue of First Weber Foundation Inc?
First Weber Foundation Inc's revenue in 2022 was $178,096.
Official website here: www.firstweberfoundation.com
Who are the executives of First Weber Foundation Inc and what are their salaries?
There 15 volunteers at First Weber Foundation Inc.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $5,918
- Other: $0
- Compensation: $0
- Related: $275,000
- Other: $24,708
- Compensation: $0
- Related: $309,375
- Other: $32,017
- Compensation: $0
- Related: $186,335
- Other: $28,720
- Compensation: $0
- Related: $90,268
- Other: $0
- Compensation: $0
- Related: $128,134
- Other: $18,509
- Compensation: $0
- Related: $248,216
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $36,753
- Other: $0
- Compensation: $0
- Related: $83,046
- Other: $10,037
- Compensation: $0
- Related: $272,051
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $136,433
- Other: $12,176
- Compensation: $0
- Related: $87,252
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $98,382
- Other: $9,100
Official website here: www.firstweberfoundation.com
Where can I find the form 990 for First Weber Foundation Inc?
First Weber Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstweberfoundation.com
Learn more at the official website: www.firstweberfoundation.com
Mission Statement of First Weber Foundation Inc
First Weber Foundation Inc, established with a mission, seeks to amplify its dedication to strengthening communities. This is achieved through both charitable contributions and volunteer leadership. The foundation's focus lies in supporting causes in areas where First Weber has a significant presence. Specifically, it prioritizes housing-related programs and other charitable initiatives that align with its core values. By doing so, First Weber Foundation Inc aims to contribute positively to the communities it serves, fostering a sense of unity and support.
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Impact
October, 2024
First Weber Foundation Inc significantly impacts communities by providing financial support to charitable organizations across Wisconsin and the United States. With a commitment to strengthening community ties, the foundation focuses on assisting those in need of housing, shelter, and essential services. Since its inception in 2006, it has contributed over $4 million to more than 1,000 eligible nonprofit organizations, enhancing their ability to serve vulnerable populations.
The foundation prioritizes giving programs in areas where First Weber has a substantial presence, thereby aligning its philanthropic efforts with local needs. By fostering volunteer leadership along with its financial contributions, First Weber Foundation actively engages employees and community members in making a difference. This dual approach amplifies its impact, ensuring that essential resources are directed towards housing-related programs and various initiatives that reflect its core values. Through these efforts, the foundation plays a critical role in improving the quality of life for individuals and families in need.
This information is meant to be a general summary of First Weber Foundation Inc. 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: $166
- Gross Receipts: $199,577
Assets and Liabilities:
- Total Assets: $121,721
- Total Liabilities: $31,213
- Net Assets: $90,508
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Organization Details
Founding Year
2005
Phone
(608) 443-2280Principal Officer
Tammy Maddente
Main Address
5250 E TERRACE DR I, MADISON, WI, 537188345
Website
www.firstweberfoundation.comNTEE Category
Code: T99 - Philanthropy
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