Overview
What is Martin Truex Jr Foundation Inc?
The Martin Truex Jr Foundation Inc, located in Mooresville, North Carolina, is a nonprofit organization devoted to supporting underfunded cancer research initiatives, specifically focusing on ovarian and childhood cancers. Their primary mission involves grant making to raise awareness, boost advocacy, and generate financial backing for these essential research projects. By providing funding, they aim to amplify efforts in this critical field, ultimately contributing to advancements in cancer treatment and prevention.
Official website here: www.martintruexjrfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 65%)
The Martin Truex Jr Foundation Inc received a two-star rating from Charity Navigator, indicating that it has room for improvement. The organization scored well in the Accountability & Finance category with a score of 93%, showcasing strong independent board governance and effective financial oversight. However, its overall program expense ratio of 54.57% suggests that a significant portion of its resources may not be directed toward its charitable programs.
In terms of culture and community, the foundation scored only 7%, indicating a potential gap in community engagement or impact. While the organization excels in feedback collection and usage, as well as practices, the low score in this area raises questions about its outreach and community involvement. Additionally, the lack of a document retention and destruction policy is a noted limitation, as it impacts overall transparency.
Despite these challenges, the foundation does demonstrate a commitment to accountability through its independent board composition and policies aimed at preventing conflicts of interest. Addressing the identified areas for improvement could enhance its effectiveness and overall impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Martin Truex Jr Foundation Inc legitimate?
Martin Truex Jr Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martin Truex Jr 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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Official website here: www.martintruexjrfoundation.org
What is the mission statement of Martin Truex Jr Foundation Inc?
The Martin Truex Jr Foundation Inc is committed to raising awareness, boosting advocacy, and generating financial support for underfunded cancer research initiatives, specifically focusing on ovarian and childhood cancers. Through grant-making, the organization aims to bolster the efforts of other organizations working in this field. Their mission is to contribute to the advancement of cancer research and ultimately make a difference in the lives of those affected by these types of cancer.
Official website here: www.martintruexjrfoundation.org
Who is the CEO of Martin Truex Jr Foundation Inc?
Martin Truex Jr is the President & of Martin Truex Jr Foundation Inc.
Official website here: www.martintruexjrfoundation.org
What is the revenue of Martin Truex Jr Foundation Inc?
Martin Truex Jr Foundation Inc's revenue in 2022 was $1,298,275.
Official website here: www.martintruexjrfoundation.org
Who are the executives of Martin Truex Jr Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.martintruexjrfoundation.org
Where can I find the form 990 for Martin Truex Jr Foundation Inc?
Martin Truex Jr Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.martintruexjrfoundation.org
Learn more at the official website: www.martintruexjrfoundation.org
Mission Statement of Martin Truex Jr Foundation Inc
The Martin Truex Jr Foundation Inc is committed to raising awareness, boosting advocacy, and generating financial support for underfunded cancer research initiatives that are specific to ovarian and childhood cancers. The organization accomplishes this mission by providing grants to organizations that share its goals. These grants aim to foster awareness about these types of cancers, encourage advocacy for better resources and funding, and support research initiatives that are often overlooked due to lack of financial backing. By supporting these organizations, the Martin Truex Jr Foundation Inc plays a crucial role in advancing the fight against ovarian and childhood cancers, ultimately working towards improved treatments and outcomes for affected individuals and families.
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Impact
October, 2024
The Martin Truex Jr Foundation Inc has a significant impact by focusing on underfunded cancer research initiatives, particularly for ovarian and childhood cancers. By providing grants to organizations that raise awareness, boost advocacy, and generate financial support, the foundation plays a crucial role in elevating these critical issues. In doing so, it not only helps enhance public understanding of these cancers but also ensures that vital research receives the funding it needs to make strides in treatment and prevention. The foundation's commitment to these causes contributes to a broader movement aimed at improving outcomes for patients and families affected by these diseases, ultimately fostering hope and progress in cancer research.
This information is meant to be a general summary of Martin Truex Jr 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: $5,553
- Gross Receipts: $1,298,275
Assets and Liabilities:
- Total Assets: $543,123
- Total Liabilities: $1,089,718
- Net Assets: -$546,595
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Organization Details
Founding Year
2007
Phone
(704) 664-1113Principal Officer
Martin Truex Jr
Main Address
156 CAYUGA DR, MOORESVILLE, NC, 28117
NTEE Category
Code: O50 - Youth development
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