Overview
What is Shayla Bee Fund Inc?
Shayla Bee Fund Inc is a compassionate nonprofit organization situated in Spencer, Iowa. Their primary mission is to aid responsible, working-class families who are currently experiencing a medical crisis involving their child. By providing financial assistance and necessary aid, the fund aims to alleviate some of the burdens these families face during this challenging time. The organization's activities and purpose are fully encapsulated in its mission statement and are carried out by a small team of dedicated individuals, as indicated by the total employee count of 1.
Official website here: www.shaylabeefund.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (59%)
The Shayla Bee Fund Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The charity scored 54 in the Accountability & Finance category, reflecting a lack of independent oversight, as evidenced by the absence of independent board members and missing key governance policies, such as conflict of interest and whistleblower policies.
Despite these governance issues, the organization shows strength in its program spending, with a program expense ratio of 70.76%, suggesting that a large portion of its funds is directed towards its charitable mission. Additionally, the charity demonstrates robust financial health with a liabilities to assets ratio of only 0.03%, indicating that it is not heavily reliant on debt. The leadership and adaptability scores are notably high, reflecting effective management and planning strategies.
The lack of financial statements and overall transparency raises red flags for potential donors, who may seek a more accountable and well-governed organization. While the Shayla Bee Fund Inc has commendable aspects in its program execution and strategic leadership, its governance deficiencies, as highlighted by its low scores in critical areas, warrant careful consideration from supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Shayla Bee Fund Inc legitimate?
Shayla Bee Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shayla Bee Fund 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: $39,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.shaylabeefund.com
What is the mission statement of Shayla Bee Fund Inc?
Shayla Bee Fund Inc is committed to assisting responsible, working-class families who are currently dealing with a child's medical crisis. Their mission is centered around providing these families with the necessary financial aid and support during this challenging time. The fund receives its resources from individuals, organizations, and third-party fundraising events. So far, they have aided 26 families in their time of need.
Official website here: www.shaylabeefund.com
Who is the CEO of Shayla Bee Fund Inc?
Jerry Faulkner is the Co-Chairperson of Shayla Bee Fund Inc.
Official website here: www.shaylabeefund.com
What is the revenue of Shayla Bee Fund Inc?
Shayla Bee Fund Inc's revenue in 2022 was $521,769.
Official website here: www.shaylabeefund.com
Who are the executives of Shayla Bee Fund Inc and what are their salaries?
The average compensation at Shayla Bee Fund Inc during 2022 was $39,490. There is 1 employee and 300 volunteers at Shayla Bee Fund Inc.
Here are 15 key members and their salaries:
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Official website here: www.shaylabeefund.com
Where can I find the form 990 for Shayla Bee Fund Inc?
Shayla Bee Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shaylabeefund.com
Learn more at the official website: www.shaylabeefund.com
Mission Statement of Shayla Bee Fund Inc
Shayla Bee Fund Inc is a nonprofit organization dedicated to assisting responsible, working-class families facing a medical crisis with their child. The primary mission of this organization is to provide financial aid and support to these families, alleviating some of the financial burdens they may be facing during this challenging time. Through the collective efforts of individuals, organizations, and third-party fundraising events, Shayla Bee Fund Inc was able to offer financial assistance to 26 families in need. The organization's mission serves as a beacon of hope for families who are navigating the complexities of their child's medical crisis and the associated financial strain.
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Impact
July, 2024
The impact of Shayla Bee Fund Inc is felt deeply in the lives of working-class families facing medical crises. By providing financial assistance and support to these families, Shayla Bee Fund Inc has directly helped 26 families navigate the challenges associated with having a child in medical crisis. This support has been made possible through contributions from individuals, organizations, and third-party fundraising efforts. The organization's dedication to its mission of assisting responsible families in need demonstrates a profound commitment to philanthropy and community support.
This information is meant to be a general summary of Shayla Bee Fund 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: $19,276
- Gross Receipts: $651,858
Assets and Liabilities:
- Total Assets: $905,897
- Total Liabilities: $0
- Net Assets: $905,897
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Organization Details
Phone
(712) 240-3664Principal Officer
Jerry Faulkner
Main Address
602 4TH AVE SE, SPENCER, IA, 51301
Website
www.shaylabeefund.comNTEE Category
Code: T30 - Philanthropy
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