Overview
What is The Carl Malone Foundation Inc?
The Carl Malone Foundation Inc is a compassionate nonprofit organization located in Cleveland, Tennessee (3365 Little John Circle SE, TN 37323). Their primary mission is to provide safe and supportive homes for at-risk youth aged 6 to 17 who have experienced abuse, neglect, abandonment, homelessness, or been victimized by their parents or family members. The foundation has obtained licensure from the State of Georgia, including approval from agencies such as DFCS and DJJ, ensuring the highest level of care for the young individuals they serve. With a dedicated workforce of 5 individuals, The Carl Malone Foundation Inc offers a sanctuary and essential services to help these vulnerable youth restore their wellbeing and build a brighter future.
Official website here: www.mercysdoor.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36% (Zero-Star out of Four Stars)
The Carl Malone Foundation Inc received a Zero-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a low overall score due to several missing policies, including conflict of interest, whistleblower, and document retention policies, which are essential for promoting transparency and good governance.
Despite having a majority of independent board members and no material diversion of assets, the foundation's liabilities to assets ratio is alarmingly high at 858.08%. Additionally, the program expense ratio stands at only 49.23%, suggesting that less than half of its expenditures are directed towards its programs. This raises questions about the foundation's efficiency and commitment to its mission.
While the foundation's website is listed on its tax forms, it fails to post its tax documents, further contributing to its transparency issues. Overall, potential donors and stakeholders should approach this organization with caution, considering the significant areas of concern highlighted in its evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is The Carl Malone Foundation Inc legitimate?
The Carl Malone Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Carl Malone 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: $59,611
For more financial information, click here
Official website here: www.mercysdoor.net
What is the mission statement of The Carl Malone Foundation Inc?
The Carl Malone Foundation operates homes that provide shelter and support for at-risk youth aged 6 to 17 who have experienced abuse, neglect, abandonment, homelessness, or victimization from their parents and family. The organization's mission is to offer a safe and nurturing environment for these young individuals, providing them with the necessary care and resources to overcome their challenging circumstances. The foundation has received licensure from the state of Georgia, including approval from relevant state agencies such as DFCS and DJJ. The primary goal of the foundation is to offer a second chance and a brighter future for these vulnerable youth, helping them to heal and grow into resilient and independent individuals.
Official website here: www.mercysdoor.net
Who is the CEO of The Carl Malone Foundation Inc?
Randall Malone is the Ceo/President of The Carl Malone Foundation Inc. The CEO's salary of The Carl Malone Foundation Inc is $0 and their total compensation is $0.
Official website here: www.mercysdoor.net
What is the revenue of The Carl Malone Foundation Inc?
The Carl Malone Foundation Inc's revenue in 2022 was $106,311.
Official website here: www.mercysdoor.net
Who are the executives of The Carl Malone Foundation Inc and what are their salaries?
The average compensation at The Carl Malone Foundation Inc during 2022 was $11,922. There are 5 employees at The Carl Malone Foundation Inc.
Here are 8 key members and their salaries (The Carl Malone Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.mercysdoor.net
Where can I find the form 990 for The Carl Malone Foundation Inc?
The Carl Malone Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercysdoor.net
Learn more at the official website: www.mercysdoor.net
Mission Statement of The Carl Malone Foundation Inc
The Carl Malone Foundation Inc is dedicated to supporting at-risk youth aged between 6 and 17 who have endured various forms of abuse, neglect, abandonment, homelessness, or victimization by their parents and family. This nonprofit organization operates homes in Georgia, providing a safe and nurturing environment for these vulnerable young individuals. The Foundation has received licensure from the state of Georgia, including approval from agencies such as DFCS and DJJ, ensuring it adheres to stringent standards of care. The organization's mission is to offer a sanctuary and essential support services to these youth, helping them overcome their hardships and start their journey towards recovery and rehabilitation.
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Impact
October, 2024
The Carl Malone Foundation Inc significantly impacts the lives of at-risk youth in Dalton, Georgia. By providing a safe and nurturing environment for children aged 6 to 17 who have faced abuse, neglect, abandonment, or homelessness, the organization helps to address critical needs for those who have been victimized by their family circumstances. Its licensed homes not only offer shelter but also essential support services aimed at healing and rehabilitation, contributing to the emotional and psychological well-being of these vulnerable individuals. The foundation's commitment extends to working closely with state agencies, ensuring that the children receive appropriate care and resources tailored to their unique situations. Through its dedicated efforts, the foundation plays a vital role in transforming the lives of youth, paving the way for brighter futures.
This information is meant to be a general summary of The Carl Malone 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.
- Program Service Revenue: $100,469
- Gross Receipts: $106,311
Assets and Liabilities:
- Total Assets: $30,579
- Total Liabilities: $262,393
- Net Assets: -$231,814
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RE-VINTAGE SALES
Revenue
$100,469
Organization Details
Founding Year
2006
Phone
(423) 298-5631Principal Officer
Randall Malone
Main Address
3365 LITTLE JOHN CIRCLE SE, CLEVELAND, TN, 37323
Website
www.mercysdoor.netNTEE Category
Code: P32 - Human services
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