Overview
What is The Coltman Friends Foundation Inc?
The Coltman Friends Foundation Inc is a nonprofit organization, categorized under 501(c)(3), dedicated to supporting Quaker schools in Pennsylvania for charitable and educational purposes. Established in Bethany Beach, DE, the foundation's primary focus is on benefiting these educational institutions in Pennsylvania. The organization's mission is to provide assistance in various forms, aiming to contribute positively to the growth and development of these Quaker schools.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13%
The Coltman Friends Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The overall score is derived solely from its accountability and finance metrics, which scored just 13%. The evaluation indicates a lack of independent board members and missing essential policies, such as conflict of interest and whistleblower protections.
The foundation appears to maintain proper documentation of board meeting minutes, but it lacks transparency in several critical areas, such as having its website listed on its tax form and posting required tax documents on its site. Additionally, the charity has received low scores for its liabilities to assets ratio and program expense ratio, raising further questions about its financial health and operational effectiveness.
In summary, while The Coltman Friends Foundation Inc does not exhibit material diversion of assets, its overall governance and financial practices are considerably lacking. This situation points to a need for substantial improvement in accountability measures to better serve its mission and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Coltman Friends Foundation Inc legitimate?
The Coltman Friends Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Coltman Friends 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Coltman Friends Foundation Inc?
The Coltman Friends Foundation was established with a specific mission to support Quaker schools in Pennsylvania for charitable and educational purposes. Operating under the 501(c)(3) tax-exempt status, the foundation's activities are geared towards benefiting these educational institutions in the state. The foundation's mission is primarily focused on providing assistance to these Quaker schools, although the exact nature of this support is not specified in the provided information.
What is the revenue of The Coltman Friends Foundation Inc?
The Coltman Friends Foundation Inc's revenue in 2024 was $170,335.
Who are the executives of The Coltman Friends Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for The Coltman Friends Foundation Inc?
The Coltman Friends Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Coltman Friends Foundation Inc
The Coltman Friends Foundation, established for charitable and educational purposes, is solely dedicated to benefiting Quaker schools in Pennsylvania. This organization, functioning under the 501(c)(3) umbrella, focuses its mission on supporting these educational institutions within its designated geographical area. The foundation's programs aim to contribute positively to the Quaker schools in Pennsylvania, furthering their charitable and educational objectives.
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Impact
October, 2024
The Coltman Friends Foundation Inc has a profound impact on the educational landscape of Quaker schools in Pennsylvania. By focusing exclusively on charitable and educational initiatives, the foundation enhances the resources and opportunities available within these institutions. This dedicated support helps to foster a nurturing environment for students, promoting Quaker values and quality education.
Through its various programs, the foundation provides financial assistance, grants, and resources that empower educators and enrich the curriculum. Its commitment ensures that Quaker schools can maintain their unique educational approaches and uphold their mission of developing compassionate, ethical, and engaged citizens. As a result, the foundation plays a critical role in sustaining and enhancing the quality of education in Pennsylvania's Quaker schools, making a lasting difference in the lives of students and their communities.
This information is meant to be a general summary of The Coltman Friends 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 2024.
- Investment Income: $53,146
- Gross Receipts: $339,609
Assets and Liabilities:
- Total Assets: $4,049,150
- Total Liabilities: $0
- Net Assets: $4,049,150
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Organization Details
Founding Year
1999
Principal Officer
Charles L Coltman Iii
NTEE Category
Code: B112 - Education
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