Overview
What is Ed Farmer Foundation?
The Ed Farmer Foundation is a nonprofit organization dedicated to supporting the aged and infirm. Their primary mission is to offer housing and insurance assistance to this vulnerable population. Furthermore, they extend their aid to provide housing assistance specifically for the elderly and infirm. In essence, the Ed Farmer Foundation is committed to enhancing the quality of life for those in need within this demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Star Rating)
The Ed Farmer Foundation has received a Two-Star rating from Charity Navigator, primarily reflecting its accountability and finance score. The overall score of 60% indicates a moderate level of transparency and financial health, with a strong focus on accountability metrics. The organization boasts a full score of 100% for having a majority of independent board members and has no material diversions of assets, which suggests good governance practices.
Additionally, the foundation shows a commendable program expense ratio of 82.71%, meaning that a significant portion of its expenses directly supports its mission. However, several key governance documents and policies, such as board meeting minutes and conflict of interest policies, are listed as missing, which could be areas for improvement in transparency and compliance.
While the foundation demonstrates strengths in financial management, its overall rating indicates that there are important governance and operational areas that still need attention. Engaging more robustly in transparency measures and ensuring relevant documents are accessible could enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Ed Farmer Foundation legitimate?
Ed Farmer Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ed Farmer 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 Ed Farmer Foundation?
The Ed Farmer Foundation's mission is centered around providing aid to the elderly and infirm. This mission is executed through two primary avenues: offering housing assistance and providing insurance support for this vulnerable demographic. The foundation's goal is to alleviate some of the challenges faced by the aged and infirm, thereby improving their overall quality of life.
Who is the CEO of Ed Farmer Foundation?
Bishop George R Sumner is the Trustee of Ed Farmer Foundation.
What is the revenue of Ed Farmer Foundation?
Ed Farmer Foundation's revenue in 2022 was $173,161.
Who are the executives of Ed Farmer Foundation and what are their salaries?
There 1 volunteer at Ed Farmer Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ed Farmer Foundation?
Ed Farmer Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ed Farmer Foundation
The Ed Farmer Foundation, named after its benefactor, is dedicated to offering aid and support to the elderly and infirm. At the heart of its mission, this nonprofit organization strives to provide both housing and insurance assistance to individuals who fall under this category. The Foundation's primary objective is to ensure that the elderly and infirm have access to suitable housing, thereby contributing to their overall well-being. Furthermore, the Foundation extends its assistance beyond just housing, providing insurance coverage as well, aiming to alleviate financial burdens and offer peace of mind to its beneficiaries.
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Impact
October, 2024
The Ed Farmer Foundation significantly impacts the lives of the aged and infirmed by offering vital housing and insurance assistance. Located in Dallas, TX, the foundation focuses on addressing the unique needs of elderly individuals, ensuring they have access to safe and adequate housing. By alleviating financial burdens associated with housing and insurance, the foundation empowers its beneficiaries to live with dignity and security. Through its dedicated efforts, the Ed Farmer Foundation plays a crucial role in improving the quality of life for some of the most vulnerable members of the community.
This information is meant to be a general summary of Ed Farmer 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 2022.
- Investment Income: $173,161
- Gross Receipts: $368,608
Assets and Liabilities:
- Total Assets: $2,428,214
- Total Liabilities: $39,958
- Net Assets: $2,388,256
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Organization Details
Founding Year
1978
Phone
(214) 826-8310Principal Officer
Bishop George R Sumner
Main Address
1630 N GARRETT, DALLAS, TX, 75206
NTEE Category
Code: L110 - Housing
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