Overview
What is Charitable Holdings Ii?
Charitable Holdings II is a nonprofit organization situated in Austin, Texas, specifically at 4315 Guadalupe 300. Its primary objective is to support the Austin Community Foundation's mission of philanthropy and enhance the quality of life for residents in Central Texas. They achieve this by receiving donations of tangible assets, which are then directed towards the Austin Community Foundation's initiatives. The nonprofit serves as a platform for individuals to contribute to community development and betterment in the Austin region.
Official website here: www.austincf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
Charitable Holdings II has achieved a strong Four-Star rating on Charity Navigator, indicating high performance in accountability and finance. The overall score is based entirely on their accountability and finance practices, reflecting a commitment to transparency and effective management. With a score of 90%, the organization demonstrates a robust financial health and operational integrity.
The organization shows exceptional governance with a fully independent board of directors, scoring 10 out of 10 for both majority independent members and independent board size. Furthermore, they have no material diversion of assets and comply with best practices regarding conflict of interest and whistleblower policies. Their documentation of board meeting minutes also meets the highest standards.
Financially, Charitable Holdings II displays impressive metrics, with a liabilities to assets ratio of 0.00% and a program expense ratio of 99.85%, indicating that nearly all funds are directed toward their charitable programs. This strong focus on programmatic spending highlights their dedication to fulfilling their mission effectively. Overall, while the organization excels in many areas, ongoing vigilance in governance and financial practices will be essential for maintaining their high standards.
This AI summary has been generated from information found on Charity Navigator.
Is Charitable Holdings Ii legitimate?
Charitable Holdings Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charitable Holdings Ii 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
Official website here: www.austincf.org
What is the mission statement of Charitable Holdings Ii?
Charitable Holdings II is designed to receive donations of tangible assets with the aim of supporting the mission of the Austin Community Foundation. This foundation focuses on philanthropy and strives to enhance the quality of life for people in Central Texas. By accepting these donations, Charitable Holdings II contributes to the Austin Community Foundation's broader goal of making a positive impact in its community. The organization's role is to facilitate the donation process, ultimately benefiting the community's welfare.
Official website here: www.austincf.org
Who is the CEO of Charitable Holdings Ii?
Mike Nellis is the President of Charitable Holdings Ii.
Official website here: www.austincf.org
What is the revenue of Charitable Holdings Ii?
Charitable Holdings Ii's revenue in 2022 was $5,300.
Official website here: www.austincf.org
Who are the executives of Charitable Holdings Ii and what are their salaries?
There 4 volunteers at Charitable Holdings Ii.
Here are 6 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: $285,000
- Other: $22,976
- Compensation: $0
- Related: $188,000
- Other: $18,220
Official website here: www.austincf.org
Where can I find the form 990 for Charitable Holdings Ii?
Charitable Holdings Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.austincf.org
Learn more at the official website: www.austincf.org
Mission Statement of Charitable Holdings Ii
Charitable Holdings II, as an organization, is dedicated to receiving donations of tangible assets. These contributions are aimed at supporting the mission of the Austin Community Foundation, which is focused on philanthropy and enhancing the quality of life for individuals residing in Central Texas. By receiving these gifts, Charitable Holdings II plays a crucial role in furthering the Austin Community Foundation's objectives, thereby contributing to the betterment of the community at large.
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Impact
October, 2024
Charitable Holdings II plays a significant role in enhancing the philanthropic efforts within the Central Texas region. By receiving tangible asset donations, it directly contributes to the Austin Community Foundation's mission, which focuses on improving the quality of life for individuals in the area. This organization facilitates the flow of resources that support various initiatives aimed at benefiting the local community, ensuring that the values of giving and support are woven deeply into the fabric of Austin. Through its activities, Charitable Holdings II strengthens opportunities for community development and promotes a culture of philanthropy that uplifts residents across Central Texas.
This information is meant to be a general summary of Charitable Holdings Ii. 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: $5,300
Assets and Liabilities:
- Total Assets: $4,259,438
- Total Liabilities: $0
- Net Assets: $4,259,438
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Organization Details
Founding Year
2010
Phone
(512) 472-4483Principal Officer
Mike Nellis
Main Address
4315 GUADALUPE 300, AUSTIN, TX, 78751
Website
www.austincf.orgNTEE Category
Code: T113 - Philanthropy
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