Overview
What is Automotive Aftermarket Charitable Foundation Inc?
Automotive Aftermarket Charitable Foundation Inc is a compassionate nonprofit organization located at 5716 Folsom Blvd, Sacramento, CA 95819. Their primary mission is to offer support and financial assistance to around 49 individuals connected to the automotive aftermarket industry who have experienced catastrophic events, leaving them in dire financial straits. By raising funds, the foundation aims to assist these individuals with their medical care, hospitalization, and overall well-being within the United States. With a modest team of two employees, this charity demonstrates a heartfelt commitment to supporting those in need within the automotive aftermarket sector.
Official website here: www.aacfi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating
The Automotive Aftermarket Charitable Foundation Inc has received a solid score of 87%, indicating a strong level of accountability and financial health. With 100% of its board members being independent, the organization demonstrates a commitment to governance that is free from conflicts of interest. Additionally, the foundation has effective oversight in its financial reporting, as evidenced by its full scores in material diversion of assets and audit oversight.
Notable strengths include a high program expense ratio of 65.72%, which reflects a significant portion of its budget being allocated directly to its charitable programs. The organization also has a comprehensive conflict of interest policy in place and maintains transparency through proper documentation of board meeting minutes and a listed website on its tax form.
However, the foundation does face a limitation with the absence of a whistleblower policy, which could enhance its internal accountability mechanisms. Overall, the foundation is recognized for its responsible financial practices and organizational governance, while also having areas for improvement in its policy framework.
This AI summary has been generated from information found on Charity Navigator.
Is Automotive Aftermarket Charitable Foundation Inc legitimate?
Automotive Aftermarket Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Automotive Aftermarket Charitable 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: $166,367
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,774
For more financial information, click here
Official website here: www.aacfi.org
What is the mission statement of Automotive Aftermarket Charitable Foundation Inc?
The Automotive Aftermarket Charitable Foundation Inc's mission is centered around raising funds to provide support for the care, hospitalization, and assistance of individuals in the automotive aftermarket industry who are facing financial hardships due to a catastrophic event. This non-profit organization aims to extend financial aid to approximately 49 such individuals in need, situated within the United States.
Official website here: www.aacfi.org
Who is the CEO of Automotive Aftermarket Charitable Foundation Inc?
Larry Magee is the Chairman of Automotive Aftermarket Charitable Foundation Inc.
Official website here: www.aacfi.org
What is the revenue of Automotive Aftermarket Charitable Foundation Inc?
Automotive Aftermarket Charitable Foundation Inc's revenue in 2022 was $844,161.
Official website here: www.aacfi.org
Who are the executives of Automotive Aftermarket Charitable Foundation Inc and what are their salaries?
The average compensation at Automotive Aftermarket Charitable Foundation Inc during 2022 was $103,070. There are 2 employees and 28 volunteers at Automotive Aftermarket Charitable Foundation Inc.
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Official website here: www.aacfi.org
Where can I find the form 990 for Automotive Aftermarket Charitable Foundation Inc?
Automotive Aftermarket Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aacfi.org
Learn more at the official website: www.aacfi.org
Mission Statement of Automotive Aftermarket Charitable Foundation Inc
The Automotive Aftermarket Charitable Foundation Inc is committed to a noble mission. Their primary objective is to raise funds with the intention of providing support for the care, hospitalization, and assistance of individuals associated with the automotive aftermarket industry in the United States who find themselves in a state of financial distress as a result of a catastrophic event. The foundation aims to extend a helping hand to around 49 such individuals in need. By offering this support, the Automotive Aftermarket Charitable Foundation Inc strives to alleviate their financial burdens and contribute to their overall well-being.
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Impact
October, 2024
Automotive Aftermarket Charitable Foundation Inc makes a significant impact by providing critical support and financial assistance to individuals in the automotive aftermarket who are facing financial hardship due to catastrophic events. In Sacramento, California, the organization has offered assistance to approximately 49 individuals, ensuring that those connected to the automotive industry receive help during their most challenging times. By raising funds dedicated to care, hospitalization, and general assistance, the foundation plays a vital role in uplifting those in need within the automotive community across the United States. Its commitment to supporting individuals in crisis not only aids in their recovery but also fosters a sense of solidarity within the industry.
This information is meant to be a general summary of Automotive Aftermarket Charitable 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: $60,167
- Gross Receipts: $934,099
Assets and Liabilities:
- Total Assets: $3,587,248
- Total Liabilities: $8,755
- Net Assets: $3,578,493
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Organization Details
Founding Year
1959
Phone
(916) 628-0271Principal Officer
Larry Magee
Main Address
5716 FOLSOM BLVD 149, SACRAMENTO, CA, 95819
Website
www.aacfi.orgIf you are a representative of Automotive Aftermarket Charitable Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.