Overview
What is Asurion Compassion Fund?
Asurion Compassion Fund is a charitable initiative established within Asurion, a company based in Nashville, Tennessee. The fund serves as an employee-driven support system, offering financial assistance to Asurion employees and their families who encounter unexpected hardships beyond their control. These hardships may include disasters, medical emergencies, funeral expenses, emergency travel, and other unforeseen circumstances. Apart from this, the Asurion Compassion Fund also extends its generosity to local non-profit organizations in the communities where Asurion employees reside and work, providing them with much-needed support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Asurion Compassion Fund has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 94% overall, with a perfect score in areas such as having a majority of independent board members and a robust financial oversight structure. This indicates a high level of transparency and responsible management.
Strengths of the Asurion Compassion Fund include its excellent program expense ratio of 95.38%, demonstrating that most of its funds are directed towards fulfilling its charitable mission. Additionally, the organization has established comprehensive policies related to conflict of interest, whistleblowing, and document retention, which further underscore its commitment to ethical governance and operational integrity.
While the organization appears to be well-managed and effective in its financial practices, there are no noted limitations in the provided data. The high scores across various accountability metrics suggest that stakeholders can have confidence in the Fund's ability to achieve its objectives and use resources effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Asurion Compassion Fund legitimate?
Asurion Compassion Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asurion Compassion Fund 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
What is the mission statement of Asurion Compassion Fund?
The Asurion Compassion Fund operates as an employee-driven initiative, serving as a vehicle for employees to assist their colleagues in times of distress. Beyond helping Asurion employees, the fund also provides support to various not-for-profit organizations within the communities where Asurion employees reside and work. The fund's primary purpose is to provide grants to Asurion employees and their families facing hardships due to unforeseen circumstances, such as disasters, family care, emergency travel, funeral expenses, and other unforeseen challenges.
Who is the CEO of Asurion Compassion Fund?
Amy Orem is the Director of Asurion Compassion Fund.
What is the revenue of Asurion Compassion Fund?
Asurion Compassion Fund's revenue in 2022 was $889,232.
Who are the executives of Asurion Compassion Fund and what are their salaries?
There 30 volunteers at Asurion Compassion Fund.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Asurion Compassion Fund?
Asurion Compassion Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Asurion Compassion Fund
The Asurion Compassion Fund serves as an employee-for-employee initiative, providing a platform for employees of Asurion to extend aid to their peers in times of distress. Beyond this, the fund also extends its support to various not-for-profit organizations within the communities where Asurion employees reside and work. The mission of the Asurion Compassion Fund is multifaceted, aimed at offering help to Asurion employees encountering hardships beyond their control. These hardships can range from natural disasters, family emergencies, travel necessities, funeral expenses, and other unforeseen circumstances. In these situations, the fund grants financial assistance to affected employees and their families.
In addition to its employee support, the Asurion Compassion Fund also extends its reach to local community organizations. Recognizing the importance of strengthening the communities where its employees live and work, the fund offers grants to these not-for-profit organizations, providing them with the much-needed resources to carry out their charitable activities. By doing so, the Asurion Compassion Fund contributes to the betterment of the communities it serves, fostering a sense of unity and mutual aid among its employees and the local community at large.
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
The Asurion Compassion Fund has made a significant impact by providing vital support to employees facing unforeseen hardships. It has granted assistance to 692 employees and their families, helping them navigate challenges such as natural disasters, the need for emergency travel, and funeral expenses. This support creates a safety net for employees dealing with obstacles beyond their control, fostering a sense of community and solidarity within the workplace.
In addition to direct employee assistance, the Fund extends its reach by providing grants to nonprofit organizations in the local communities where Asurion employees live and work. This dual focus not only aids individuals in times of need but also strengthens community ties and promotes broader philanthropic efforts. Overall, the Asurion Compassion Fund exemplifies a robust approach to employee support and community engagement, reinforcing the importance of compassion and collaboration in times of crisis.
This information is meant to be a general summary of Asurion Compassion Fund. 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: $11,161
- Gross Receipts: $974,590
Assets and Liabilities:
- Total Assets: $1,240,412
- Total Liabilities: $7,314
- Net Assets: $1,233,098
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2008
Phone
(615) 837-3000Principal Officer
Amy Orem
Main Address
1101 CHURCH STREET, NASHVILLE, TN, 37203
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Asurion Compassion Fund 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.