Overview
What is Ifb Solutions Foundation Inc?
Ifb Solutions Foundation Inc is a nonprofit organization situated in Winston-Salem, North Carolina, with an address at 7730 North Point Drive. Its primary function is to support Winston-Salem Industries for the Blind, Inc., a 501(c)(3) organization. The foundation operates for charitable purposes, carrying out the mission and performing the functions of Winston-Salem Industries for the Blind, Inc. This includes contributing to their goals and objectives, ultimately benefiting the wider community. The foundation is a type one supporting organization, demonstrating its commitment to advancing the causes of its partner organization.
Official website here: www.ifbsolutionsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Ifb Solutions Foundation Inc has achieved an impressive score of 97%, which reflects its strong commitment to accountability and financial transparency. The rating is derived solely from a single beacon score, emphasizing its solid performance in financial practices. This high rating indicates that the foundation is effectively managing its resources while adhering to best practices in governance.
The organization boasts a fully independent board, with 100% of its board members meeting independence criteria, which signals a robust level of oversight in decision-making processes. Additionally, It has demonstrated no material diversion of assets and maintains high standards for conflict of interest and whistleblower policies. The foundation's program expense ratio is particularly noteworthy at 80.08%, suggesting that a significant majority of its spending is directed towards its mission-related activities.
While the foundation has demonstrated excellent financial health with a liabilities to assets ratio of just 9.96%, it is crucial for potential donors and stakeholders to remain aware of ongoing performance and program outcomes in the future. Continued transparency and effectiveness will be key for sustaining its high rating and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ifb Solutions Foundation Inc legitimate?
Ifb Solutions Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ifb Solutions 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.ifbsolutionsfoundation.org
What is the mission statement of Ifb Solutions Foundation Inc?
The Ifb Solutions Foundation Inc operates primarily for charitable purposes, serving to support and carry out the objectives of Winston-Salem Industries for the Blind, Inc., a recognized 501(c)(3) organization. Its primary function is to assist in fulfilling the mission of Winston-Salem Industries for the Blind, Inc., with the aim of benefiting this organization in its charitable endeavors. As a Type One supporting organization, Ifb Solutions Foundation Inc performs various functions and carries out the purposes of Winston-Salem Industries for the Blind, Inc., contributing to its overall charitable activities.
Official website here: www.ifbsolutionsfoundation.org
Who is the CEO of Ifb Solutions Foundation Inc?
Daniel Kelly is the Chair of Ifb Solutions Foundation Inc.
Official website here: www.ifbsolutionsfoundation.org
What is the revenue of Ifb Solutions Foundation Inc?
Ifb Solutions Foundation Inc's revenue in 2022 was $49,761.
Official website here: www.ifbsolutionsfoundation.org
Who are the executives of Ifb Solutions Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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- Other: $0
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- Related: $523,937
- Other: $21,571
- Compensation: $0
- Related: $272,517
- Other: $24,836
- Compensation: $0
- Related: $160,570
- Other: $16,459
Official website here: www.ifbsolutionsfoundation.org
Where can I find the form 990 for Ifb Solutions Foundation Inc?
Ifb Solutions Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ifbsolutionsfoundation.org
Learn more at the official website: www.ifbsolutionsfoundation.org
Mission Statement of Ifb Solutions Foundation Inc
Ifb Solutions Foundation Inc is dedicated to serving charitable purposes and supporting the functions of Winston-Salem Industries for the Blind, Inc., a 501(C)(3) organization. The foundation operates with the primary objective of carrying out the charitable purposes and fulfilling the roles of Winston-Salem Industries for the Blind, Inc., thereby acting as a Type One Supporting Organization. This mission is geared towards benefiting the aforementioned organization and contributing to its objectives.
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Impact
October, 2024
Ifb Solutions Foundation Inc significantly contributes to the welfare of individuals, particularly those who are blind or visually impaired. By supporting the initiatives of Winston-Salem Industries for the Blind, it enables the provision of essential services, resources, and opportunities for empowerment and independence among this community. The organization focuses on charitable purposes, ensuring that its operations are dedicated to enhancing the quality of life for those it serves.
Through its activities, Ifb Solutions Foundation Inc plays a crucial role in promoting awareness, accessibility, and inclusion, working tirelessly to break down barriers faced by individuals with visual impairments. By advancing the mission of Winston-Salem Industries for the Blind, the Foundation not only supports employment opportunities but also helps foster a more inclusive society that values diversity and champions the rights of all individuals, regardless of their abilities.
This information is meant to be a general summary of Ifb Solutions 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: $49,761
- Gross Receipts: $302,058
Assets and Liabilities:
- Total Assets: $9,971,532
- Total Liabilities: $993,330
- Net Assets: $8,978,202
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Organization Details
Founding Year
2008
Phone
(336) 759-0551Principal Officer
Daniel Kelly
Main Address
7730 NORTH POINT DRIVE, WINSTONSALEM, NC, 27106
NTEE Category
Code: G11 - Disease
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