Overview
What is Idonate Charitable Foundation?
Idonate Charitable Foundation is a nonprofit organization headquartered in Dallas, Texas. Their main mission is to facilitate charitable giving by liquidating noncash donations and distributing grant funds to their selected nonprofit partners. The foundation believes in the potential of turning people's unused assets, such as cars, cell phones, and property, into positive change. By doing so, Idonate Charitable Foundation aims to provide a simple and effective means for individuals to contribute to worthy causes beyond traditional cash donations.
Official website here: www.idonatecharitablefoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (52%)
Idonate Charitable Foundation received a low score of 52% from Charity Navigator, indicating significant areas of concern in its accountability and financial management practices. The score is based solely on the Accountability & Finance beacon, which reflects the charity's performance in several key areas, including governance and financial transparency.
One of the strengths noted is the presence of a fully independent board, comprising ten members. However, this is offset by critical weaknesses, such as the absence of financial statements and missing policies related to whistleblower protections and document retention. These gaps raise concerns about the organization's overall transparency and governance practices.
The foundation displays a high program expense ratio, indicating that nearly all of its financial resources are directed towards its programs. Yet, it struggles with fundraising efficiency and has a high liabilities to assets ratio, which may pose risks to its financial health. Overall, while the foundation has some positive attributes, its low rating reflects serious deficiencies that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Idonate Charitable Foundation legitimate?
Idonate Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Idonate Charitable 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
Official website here: www.idonatecharitablefoundation.com
What is the mission statement of Idonate Charitable Foundation?
The Idonate Charitable Foundation's mission is to provide a straightforward approach to charitable giving, recognizing that people can make a positive impact beyond monetary donations. The organization aims to unlock the potential within individuals to contribute to society, as a significant portion of wealth is often tied up in non-cash assets such as cars, cell phones, and property. Idonate Charitable Foundation facilitates this by liquidating these non-cash donations and distributing grant checks to the designated non-profit organizations.
Official website here: www.idonatecharitablefoundation.com
Who is the CEO of Idonate Charitable Foundation?
Natalie Kime is the Director of Idonate Charitable Foundation.
Official website here: www.idonatecharitablefoundation.com
What is the revenue of Idonate Charitable Foundation?
Idonate Charitable Foundation's revenue in 2021 was $6,078,199.
Official website here: www.idonatecharitablefoundation.com
Who are the executives of Idonate Charitable Foundation and what are their salaries?
There 3 volunteers at Idonate Charitable 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
Official website here: www.idonatecharitablefoundation.com
Where can I find the form 990 for Idonate Charitable Foundation?
Idonate Charitable Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.idonatecharitablefoundation.com
Learn more at the official website: www.idonatecharitablefoundation.com
Mission Statement of Idonate Charitable Foundation
Idonate Charitable Foundation is dedicated to providing a straightforward approach to charitable giving, recognizing that there are numerous ways to make a positive impact on the world beyond monetary donations. The organization underscores the fact that a significant portion of our wealth is tied up in non-cash assets such as vehicles, cell phones, and property. Idonate Charitable Foundation aims to unlock this untapped potential within individuals by facilitating charitable giving through the liquidation of non-cash donations. The foundation then distributes grant checks to the designated non-profit organizations. In essence, Idonate Charitable Foundation serves as a platform that encourages individuals to contribute to worthy causes in innovative ways, maximizing the impact of their non-cash assets.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Idonate Charitable Foundation facilitates impactful charitable giving by transforming noncash assets into financial support for various causes. It recognizes that much of people's wealth is tied up in possessions like vehicles, electronics, and property, rather than cash. By providing an accessible platform for individuals to donate these items, the foundation helps unlock hidden potential for philanthropy within communities.
Through its operations, Idonate Liquidates these noncash donations and directs grant checks to targeted organizations, amplifying the effect of each contribution. This approach not only encourages a broader definition of charity but also promotes community improvement by making contributions more diverse and accessible. Overall, the foundation's impact lies in its ability to empower individuals to make a difference in their communities in innovative ways that go beyond traditional cash donations.
This information is meant to be a general summary of Idonate Charitable 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 2021.
- Investment Income: $157,757
- Gross Receipts: $12,251,754
Assets and Liabilities:
- Total Assets: $227,520
- Total Liabilities: $218,133
- Net Assets: $9,387
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2008
Phone
(972) 232-7304Principal Officer
Natalie Kime
Main Address
5960 BERKSHIRE LANE, DALLAS, TX, 75254
NTEE Category
Code: S50 - Community improvement
If you are a representative of Idonate Charitable Foundation 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.