Overview
What is Forrest Spence Fund?
The Forrest Spence Fund is a nonprofit organization situated in Memphis, Tennessee, at 3092 Poplar Avenue Suite 15. Their primary mission is to provide assistance for the non-medical needs of critically or chronically ill children and their families across the MidSouth region. This support encompasses various aspects, ensuring these families face less hardship as they navigate challenging health circumstances. With a dedicated team of four individuals, the Forrest Spence Fund plays a vital role in alleviating some of the burdens that often accompany serious illnesses.
Official website here: www.forrestspencefund.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Forrest Spence Fund has received a Three-Star rating from Charity Navigator, reflecting its overall effectiveness and financial health. The organization's Impact & Measurement score is particularly impressive at 95%, indicating strong outcomes and a commitment to assessing its impact. The Leadership & Adaptability score of 100 also underscores its proactive management and strategic direction, which contribute to its successful programming.
While the fund demonstrates a solid Program Expense Ratio of 58.76% and has a high percentage of independent board members, it faces some challenges in accountability. The absence of key policies, such as conflict of interest and whistleblower protections, has resulted in lower scores in the Accountability & Finance category. Furthermore, the organization struggles with some aspects of program planning and data collection, which could benefit from improvement to enhance transparency and effectiveness.
Overall, the Forrest Spence Fund is dedicated to supporting families in need, particularly in non-medical areas, as outlined in its mission and strategic goals. Despite some limitations in governance practices, its strong impact measurement and independent leadership suggest a commitment to making a meaningful difference in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Forrest Spence Fund?
Forrest Spence Fund has received positive remarks from those who have interacted with the organization. One particular review highlighted a dinner event organized for families at Le Bonheur, praising the experience as "amazing" and expressing deep gratitude for the support provided.
With only four reviews currently available, the sentiment leans towards a strong appreciation for the efforts made by Forrest Spence Fund. The reviewer felt a notable impact from the organization’s initiative, demonstrating its commitment to supporting families.
Overall, it appears that the Forrest Spence Fund is making a meaningful difference in the lives of families, providing them with not just resources but also a sense of community and care during challenging times.
This AI summary has been generated from reviews found on Facebook.
Is Forrest Spence Fund legitimate?
Forrest Spence Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forrest Spence 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: $86,096
For more financial information, click here
Official website here: www.forrestspencefund.org/
What is the mission statement of Forrest Spence Fund?
The Forrest Spence Fund is committed to assisting with the non-medical needs of critically or chronically ill children and their families across various regions. Their mission is to provide support in this capacity, aiming to alleviate some of the burdens associated with these children's health challenges. This assistance extends to various aspects of daily life, ensuring these families receive the necessary care and resources during challenging times.
Official website here: www.forrestspencefund.org/
Who is the CEO of Forrest Spence Fund?
Brittany Spence is the Director of Forrest Spence Fund.
Official website here: www.forrestspencefund.org/
What is the revenue of Forrest Spence Fund?
Forrest Spence Fund's revenue in 2022 was $574,565.
Official website here: www.forrestspencefund.org/
Who are the executives of Forrest Spence Fund and what are their salaries?
The average compensation at Forrest Spence Fund during 2022 was $21,524. There are 4 employees and 750 volunteers at Forrest Spence Fund.
Here are 5 key members and their salaries:
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Official website here: www.forrestspencefund.org/
Where can I find the form 990 for Forrest Spence Fund?
Forrest Spence Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.forrestspencefund.org/
Learn more at the official website: www.forrestspencefund.org/
Mission Statement of Forrest Spence Fund
The Forrest Spence Fund is a dedicated organization that focuses on assisting the non-medical needs of critically or chronically ill children and their families across the MidSouth. Recognizing the challenges these families face beyond medical care, the Forrest Spence Fund steps in to provide essential support. By doing so, the organization aims to alleviate some of the burden, allowing these families to focus on their children's recovery and well-being.
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Impact
July, 2024
Forrest Spence Fund has a significant impact on the lives of critically or chronically ill children and their families throughout the MidSouth region. By assisting with nonmedical needs, this organization provides crucial support and resources to help these families cope with the challenges they face. Through their efforts, Forrest Spence Fund contributes to improving the quality of life and well-being of those affected by illness, offering assistance that goes beyond medical treatment.
This information is meant to be a general summary of Forrest Spence 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: -$89,782
- Gross Receipts: $574,565
Assets and Liabilities:
- Total Assets: $1,436,906
- Total Liabilities: $19,279
- Net Assets: $1,417,627
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Organization Details
Phone
(901) 421-6909Principal Officer
Brittany Spence
Main Address
3092 POPLAR AVENUE SUITE 15, MEMPHIS, TN, 38111
Website
www.forrestspencefund.org/NTEE Category
Code: P99 - Human services
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