Overview
What is Wagner Descendant's Foundation?
Wagner Descendant's Foundation is a nonprofit organization located in Chicago, Illinois. Established with a focus on charitable activities, it grants funds to tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code, adhering to the guidelines set by the Jewish Federation of Metropolitan Chicago and the Foundation's own by-laws. The organization's mission is to promote, foster, support, develop, and maintain broad, charitable, educational, or religious purposes, as per the authorization granted by these two entities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
The Wagner Descendant's Foundation has achieved a strong 94% rating, reflecting its commitment to high standards in accountability and finance. This four-star rating indicates that the organization effectively manages its resources, ensuring that donations are utilized for their intended purposes. The foundation scored particularly well in critical areas, including having an independent board and no material diversion of assets.
The foundation's board is composed of 60% independent members, which enhances governance and reduces potential conflicts of interest. Additionally, the organization has established robust policies regarding conflicts of interest, whistleblowing, and document retention, all of which contribute to its overall transparency and ethical management.
One of the notable strengths of the Wagner Descendant's Foundation is its impressive program expense ratio of 94.31%, signifying that a significant portion of its budget directly supports its programs rather than administrative costs. However, while the data reflects strong financial health, there may be limited information regarding the impact of its specific programs, which could be beneficial for potential donors seeking to understand the foundation's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Wagner Descendant's Foundation legitimate?
Wagner Descendant's Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wagner Descendant's 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
For more financial information, click here
What is the mission statement of Wagner Descendant's Foundation?
The Wagner Descendant's Foundation is established with the purpose of supporting and promoting charitable, educational, or religious activities, in line with the charter of the Jewish Federation of Metropolitan Chicago and the foundation's own by-laws. The foundation's mission is to foster and maintain these broad functions, contributing to the betterment of various sectors. To accomplish this, the foundation makes grants to eligible charitable organizations, which are tax-exempt under the Internal Revenue Code Section 501(c)(3), and align with the guidelines set by the Jewish Federation of Metropolitan Chicago and the foundation's by-laws.
What is the revenue of Wagner Descendant's Foundation?
Wagner Descendant's Foundation's revenue in 2023 was $33,620.
Who are the executives of Wagner Descendant's Foundation and what are their salaries?
There 3 volunteers at Wagner Descendant's Foundation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $645,663
- Other: $55,583
- Compensation: $0
- Related: $355,406
- Other: $121,518
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $301,042
- Other: $42,157
- Compensation: $0
- Related: $97,458
- Other: $20,231
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wagner Descendant's Foundation?
Wagner Descendant's Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Wagner Descendant's Foundation
Wagner Descendant's Foundation, following the mandate of the Jewish Federation of Metropolitan Chicago and its by-laws, is dedicated to fostering, promoting, supporting, developing, and maintaining a wide array of charitable, educational, or religious activities. The organization's mission is to contribute financially to charitable organizations that have been recognized as tax-exempt under the Internal Revenue Code Section 501(c)(3), and align with the guidelines set forth by the Jewish Federation of Metropolitan Chicago and the Foundation's by-laws. By doing so, Wagner Descendant's Foundation aims to contribute positively to various sectors, ultimately enriching society as a whole.
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Impact
October, 2024
The Wagner Descendant's Foundation significantly impacts the community by making grants to tax-exempt charitable organizations in alignment with the guidelines set forth by the Jewish Federation of Metropolitan Chicago. By fostering and promoting educational, charitable, and religious initiatives, the Foundation plays a vital role in supporting various causes that enhance the well-being of the community. Its mission facilitates the development and maintenance of programs that address essential needs, thereby contributing to a more robust and engaged society. Through its targeted funding, the Foundation aids organizations that strive to make a meaningful difference, ultimately enriching the lives of individuals and families in the Chicago area.
This information is meant to be a general summary of Wagner Descendant's 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 2023.
- Investment Income: $7,044
- Gross Receipts: $33,620
Assets and Liabilities:
- Total Assets: $1,660,897
- Total Liabilities: $3,175
- Net Assets: $1,657,722
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Organization Details
Founding Year
2005
Principal Officer
Nathan Wagner
NTEE Category
Code: T30 - Philanthropy
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