Overview
What is Cedar Creek Veterans Foundation?
The Cedar Creek Veterans Foundation, situated in Mabank, Texas, is a nonprofit organization dedicated to expressing gratitude and offering financial aid. Their primary mission is to support agencies responsible for the care and nurture of courageous individuals who have served and sacrificed to safeguard our liberties. The foundation's core focus lies in assisting wounded, injured, and disabled military personnel, both active-duty and veterans, within the East Texas region.
Official website here: www.ccveteransfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51%, One-Star out of Four Star rating.
The Cedar Creek Veterans Foundation has received a low rating of 51% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance and oversight. While it has demonstrated some positive aspects, such as a high program expense ratio of 86.82%, the overall lack of independence in the board structure is a notable weakness.
On a positive note, the foundation appears to have robust policies in place, including a conflict of interest policy and the proper posting of its tax forms on its website. However, the absence of whistleblower and document retention policies is alarming and could potentially put the organization at risk for improper conduct. The material diversion of assets was noted as non-existent, which is a favorable point in its financial accountability.
Despite the high program expense ratio, the liabilities to assets ratio of 105.08% raises concerns about the foundation's financial health. Overall, while Cedar Creek Veterans Foundation is committed to spending a significant portion of its resources on programs, it faces critical governance challenges that could impact its long-term sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Cedar Creek Veterans Foundation legitimate?
Cedar Creek Veterans Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Creek Veterans 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.
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Official website here: www.ccveteransfoundation.org
What is the mission statement of Cedar Creek Veterans Foundation?
The Cedar Creek Veterans Foundation's mission is centered around honoring the bravery of those who have served to safeguard our freedoms. Their primary objective is to provide financial aid to organizations that play a crucial role in caring for and nurturing wounded, injured, and disabled veterans, both active duty and those who have completed their service. The foundation's focus is mainly on the East Texas region. Their mission is carried out by offering financial support to these agencies, thereby demonstrating gratitude and appreciation for the sacrifices made by these heroes.
Official website here: www.ccveteransfoundation.org
Who is the CEO of Cedar Creek Veterans Foundation?
Diana Lyn Thomas is the Pres./Director of Cedar Creek Veterans Foundation.
Official website here: www.ccveteransfoundation.org
What is the revenue of Cedar Creek Veterans Foundation?
Cedar Creek Veterans Foundation's revenue in 2022 was $127,262.
Official website here: www.ccveteransfoundation.org
Who are the executives of Cedar Creek Veterans Foundation and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.ccveteransfoundation.org
Where can I find the form 990 for Cedar Creek Veterans Foundation?
Cedar Creek Veterans Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccveteransfoundation.org
Learn more at the official website: www.ccveteransfoundation.org
Mission Statement of Cedar Creek Veterans Foundation
The Cedar Creek Veterans Foundation is dedicated to recognizing and supporting the selfless individuals who have served to safeguard our liberties. At its core, the foundation's mission lies in providing financial aid to organizations that are instrumental in caring for and nurturing those who have been wounded, injured, or disabled, both during their active duty and after they have retired. The foundation's focus is primarily on assisting veterans within the East Texas region.
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Impact
October, 2024
Cedar Creek Veterans Foundation significantly impacts the East Texas region by offering critical financial support to agencies that care for wounded, injured, and disabled Active Duty personnel and Veterans. This support helps ensure that these courageous individuals receive the necessary resources and assistance to improve their quality of life. The Foundation's commitment to honoring the service of these men and women fosters stronger community ties and promotes awareness of the challenges faced by veterans. Through its initiatives, the Foundation plays a vital role in nurturing the well-being of those who have sacrificed for the freedoms enjoyed by many.
This information is meant to be a general summary of Cedar Creek Veterans 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 2022.
- Gross Receipts: $356,367
Assets and Liabilities:
- Total Assets: $66,017
- Total Liabilities: $41,000
- Net Assets: $25,017
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Organization Details
Phone
(214) 535-9513Principal Officer
Diana Lyn Thomas
Main Address
PO Box 1434, Mabank, TX, 75147
Website
www.ccveteransfoundation.orgNTEE Category
Code: W12 - Public benefit
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