Overview
What is Champ Cares Charitable Fund Inc?
Champ Cares Charitable Fund Inc is a nonprofit organization, specifically established to provide financial aid to employees and their families of Thorntons LLC and its subsidiaries and affiliates who encounter severe financial hardships due to catastrophic events. Their mission is centered around granting monetary support, aiming to alleviate the financial burdens that these individuals may face during challenging times. The Fund operates out of Louisville, Kentucky.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%
Champ Cares Charitable Fund Inc has earned a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 73%. This rating indicates that while the organization demonstrates some accountability and financial health, there is room for improvement in its overall operational effectiveness.
One of the notable strengths of Champ Cares is its commitment to governance, as evidenced by having 100% independent board members and a sufficient board size. Additionally, the organization has shown no material diversion of assets, ensuring that its resources are being used appropriately to fulfill its mission. Furthermore, its program expense ratio is commendable at 100%, indicating that all funds are directed towards its programs.
However, the overall rating suggests that there may be areas where the organization could enhance its performance to achieve a higher rating. While its financial metrics appear robust, ongoing evaluation and transparency in additional operational aspects may help to strengthen its impact and trustworthiness within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Champ Cares Charitable Fund Inc legitimate?
Champ Cares Charitable Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Champ Cares Charitable 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.
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What is the mission statement of Champ Cares Charitable Fund Inc?
The Champ Cares Charitable Fund Inc is established with the mission to provide financial aid to the employees of Thorntons LLC and its subsidiaries and affiliates, as well as their families, who experience severe financial hardship due to a catastrophic event. The fund's primary activity is grant making, aimed at providing relief during challenging times. The fund's purpose is to offer a lifeline to those in need, helping them navigate through financial difficulties following a major disaster.
Who is the CEO of Champ Cares Charitable Fund Inc?
Sandy Deel is the Vice President of Champ Cares Charitable Fund Inc.
What is the revenue of Champ Cares Charitable Fund Inc?
Champ Cares Charitable Fund Inc's revenue in 2021 was $99,475.
Who are the executives of Champ Cares Charitable Fund Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Champ Cares Charitable Fund Inc?
Champ Cares Charitable Fund Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Champ Cares Charitable Fund Inc
Champ Cares Charitable Fund Inc is established with a mission to provide financial assistance to employees of Thorntons LLC and its subsidiaries and affiliates, as well as their families, who experience severe financial hardship as a result of a catastrophic event. This nonprofit organization aims to offer grants to individuals in such distressing situations, offering a lifeline during their time of need. By doing so, Champ Cares Charitable Fund Inc seeks to alleviate the financial burdens that can arise from unforeseen catastrophes, providing a much-needed source of support during challenging times.
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Impact
October, 2024
Champ Cares Charitable Fund Inc significantly impacts the lives of employees and their families at Thorntons LLC and its subsidiaries, particularly during their most challenging times. By providing grants to those facing severe financial hardships caused by catastrophic events, the organization plays a crucial role in alleviating distress and promoting recovery. This support not only helps individuals manage immediate financial crises but also fosters a sense of community and resilience within the workplace. By directly addressing the needs of employees in need, Champ Cares enhances overall well-being and stability, reinforcing the importance of compassion and support in times of adversity.
This information is meant to be a general summary of Champ Cares Charitable 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 2021.
- Investment Income: $520
- Gross Receipts: $99,475
Assets and Liabilities:
- Total Assets: $1,112,606
- Total Liabilities: $0
- Net Assets: $1,112,606
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Organization Details
Founding Year
2009
Phone
(502) 425-8022Principal Officer
Sandy Deel
Main Address
2600 JAMES THORNTON WAY, LOUISVILLE, KY, 40245
NTEE Category
Code: P20 - Human services
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