Overview
What is Kbr Charitable Foundation Inc?
Kbr Charitable Foundation Inc is a nonprofit organization, headquartered in Houston, Texas, dedicated to philanthropic activities. Their primary mission is to raise funds for various 501(c)(3) charitable organizations, as decided by their board of directors. They achieve this through annual events, such as a golf tournament, and in special cases, like Hurricane Harvey relief efforts in 2017, where they provided immediate aid to affected Kbr employees. The foundation extends its support to multiple charitable organizations, with grant amounts ranging from $10,000 to $100,000.
Official website here: www.charitygolf.kbr.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 69%)
The Kbr Charitable Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational and financial areas. The organization demonstrates a strong commitment to maintaining an independent board, with 100% of its members being independent, which is a positive aspect of its governance structure.
However, the foundation has significant shortcomings in its accountability and financial transparency. It lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which raises concerns about its governance practices. Additionally, the financial statements are not available, leading to a low score in this area.
On a positive note, the foundation shows a high program expense ratio of 98.75%, indicating that most of its resources are directed towards its charitable programs. Despite the overall rating indicating areas for improvement, the absence of material asset diversion and a solid liabilities to assets ratio of 0.00% suggest that the organization is financially stable.
This AI summary has been generated from information found on Charity Navigator.
Is Kbr Charitable Foundation Inc legitimate?
Kbr Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kbr 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.charitygolf.kbr.com
What is the mission statement of Kbr Charitable Foundation Inc?
The KBR Charitable Foundation Inc is a non-profit organization dedicated to raising funds for 501(c)(3) charitable organizations through philanthropic activities. Primarily, they achieve this goal by organizing an annual fundraising event, a golf tournament, typically held in September. In addition to their annual event, the foundation showed compassion by initiating a relief program in 2017, providing assistance to KBR employees affected by floods caused by Hurricane Harvey. Donations received from KBR, its employees, and other entities were distributed to the affected employees to provide immediate relief. This relief program continues to operate as an ongoing initiative.
Official website here: www.charitygolf.kbr.com
Who is the CEO of Kbr Charitable Foundation Inc?
John Thomson is the Counsel of Kbr Charitable Foundation Inc.
Official website here: www.charitygolf.kbr.com
What is the revenue of Kbr Charitable Foundation Inc?
Kbr Charitable Foundation Inc's revenue in 2022 was $755,626.
Official website here: www.charitygolf.kbr.com
Who are the executives of Kbr Charitable Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.charitygolf.kbr.com
Where can I find the form 990 for Kbr Charitable Foundation Inc?
Kbr Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.charitygolf.kbr.com
Learn more at the official website: www.charitygolf.kbr.com
Mission Statement of Kbr Charitable Foundation Inc
The Kbr Charitable Foundation Inc is a non-profit organization dedicated to engaging in philanthropic activities. Its primary goal is to raise funds for 501(c)(3) charitable organizations. The foundation typically holds one major fundraising event each year, which is a golf tournament in September. Besides its annual event, the organization showed its compassion and support during an emergency situation. In 2017, when Kbr employees were affected by flooding due to Hurricane Harvey, the foundation initiated a relief program. Donations were collected from various sources, including Kbr, its employees, and other entities. These funds were then distributed to the affected Kbr employees, providing them with immediate relief. The relief program remains ongoing, demonstrating the foundation's commitment to helping its employees in times of need.
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Impact
October, 2024
The KBR Charitable Foundation Inc significantly impacts various communities through its fundraising efforts and philanthropic initiatives. By organizing annual events such as a golf tournament, the foundation raises substantial funds to support multiple 501(c)(3) charitable organizations. In recent years, grants ranging from $10,000 to $100,000 have been distributed to ten selected organizations, directly addressing critical needs within those communities.
In response to natural disasters, the foundation has demonstrated its commitment to supporting employees in times of crisis. Following Hurricane Harvey in 2017, it launched a relief program for KBR employees affected by the flooding, enabling them to receive immediate assistance. This ongoing program showcases the foundation’s dedication not only to philanthropy but also to the well-being of its workforce.
Through these efforts, the KBR Charitable Foundation plays a vital role in promoting social good and fostering a spirit of giving within both its organization and the broader community.
This information is meant to be a general summary of Kbr 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: $440
- Gross Receipts: $1,026,010
Assets and Liabilities:
- Total Assets: $699,642
- Total Liabilities: $0
- Net Assets: $699,642
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Organization Details
Founding Year
2007
Phone
(713) 753-5651Principal Officer
John Thomson
Main Address
601 JEFFERSON RM/STE KT3504, HOUSTON, TX, 770027900
Website
www.charitygolf.kbr.comNTEE Category
Code: T12 - Philanthropy
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