Overview
What is M4K Richmond Inc?
M4K Richmond Inc is a local chapter of the Mustache for Kids (M4K) national organization, based in Midlothian, Virginia. Their primary mission is to host fundraising events, such as The Stash Bash, where participants grow mustaches to raise funds for various children's charities. The organization's board of directors recommends these charities to receive the net proceeds from these events. M4K Richmond Inc is committed to supporting local children's causes and is an active part of the Midlothian community.
Official website here: www.m4krichmond.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
M4K Richmond Inc has received a low rating of 54%, reflecting significant concerns in accountability and financial transparency. The score is primarily based on a lack of independent board members and missing key governance policies, such as conflict of interest and whistleblower policies. These factors suggest weaknesses in oversight that could impact the organization's operational integrity.
Despite the low rating, M4K Richmond demonstrates a strong commitment to program expenses, with an impressive 99.52% of its expenses allocated directly to its programs. Additionally, the organization has maintained a favorable ratio of liabilities to assets, indicating financial stability in that regard. However, the absence of financial statements and other governance documents significantly undermines the overall perception of the organization's accountability.
In summary, while M4K Richmond Inc shows strength in program funding and financial ratios, the glaring deficiencies in governance and documentation raise red flags. Potential donors and supporters should consider these factors carefully when evaluating the organization's trustworthiness and operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is M4K Richmond Inc legitimate?
M4K Richmond Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. M4K Richmond 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:
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For more financial information, click here
Official website here: www.m4krichmond.org
What is the mission statement of M4K Richmond Inc?
M4K Richmond Inc, as a chapter of the Mustache for Kids national organization, has a mission to raise funds for various children's charities. They achieve this mission by organizing fundraisers, with a significant event being the annual Stash Bash, where mustache growers gather to contribute to the cause. The proceeds from these fundraisers are then donated to local charities, following recommendations from the organization's board of directors. The primary goal of M4K Richmond Inc is to support children in need through its fundraising activities.
Official website here: www.m4krichmond.org
Who is the CEO of M4K Richmond Inc?
Aaron Breed is the Director of M4K Richmond Inc.
Official website here: www.m4krichmond.org
What is the revenue of M4K Richmond Inc?
M4K Richmond Inc's revenue in 2023 was $801,538.
Official website here: www.m4krichmond.org
Who are the executives of M4K Richmond Inc and what are their salaries?
Here are 16 key members and their salaries:
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Official website here: www.m4krichmond.org
Where can I find the form 990 for M4K Richmond Inc?
M4K Richmond Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.m4krichmond.org
Learn more at the official website: www.m4krichmond.org
Mission Statement of M4K Richmond Inc
M4K Richmond Inc, a chapter of the national Mustache for Kids organization, carries out a mission to raise funds for various children's charities. They achieve this goal by organizing fundraisers, with a notable event being the annual Stash Bash. During this event, individuals grow mustaches and come together to contribute to the cause. The net proceeds from these fundraisers are then distributed to local charities, based on recommendations from M4K Richmond Inc's board of directors. This organization's mission is to make a tangible difference in the lives of children in need, one fundraiser at a time.
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Impact
October, 2024
M4K Richmond Inc significantly enhances the lives of children in the community by generating funding for various children's charities. Through engaging and creative fundraising events, particularly the annual Stash Bash, M4K Richmond brings together mustache growers and supporters who are dedicated to making a difference. The net proceeds from these events are strategically allocated to local charities based on the recommendations of the Board of Directors, ensuring that the funds directly support those in need.
The organization not only raises vital funds, but it also fosters a sense of community and camaraderie among participants, highlighting the fun in philanthropy. Their efforts create a positive ripple effect, providing essential resources and support to children and families, which ultimately strengthens the fabric of the community in Midlothian, VA, and beyond. Through their mission, M4K Richmond Inc exemplifies the power of collective action in improving the well-being of children and making a lasting impact.
This information is meant to be a general summary of M4K Richmond 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 2023.
- Gross Receipts: $847,412
Assets and Liabilities:
- Total Assets: $21,664
- Total Liabilities: $0
- Net Assets: $21,664
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Organization Details
Founding Year
2010
Phone
(804) 562-4541Principal Officer
Aaron Breed
Main Address
1201 SYCAMORE SQUARE DR 882, MIDLOTHIAN, VA, 23113
Website
www.m4krichmond.orgNTEE Category
Code: P20 - Human services
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