Overview
What is The Spriggs Family Foundation Inc?
The Spriggs Family Foundation Inc, situated in Ashland, Kentucky, is a nonprofit organization with a mission to manage funds for charitable, religious, scientific, literary, or educational purposes. By receiving and maintaining these funds, the foundation aims to contribute positively to various sectors, ultimately benefiting society at large. The specific activities or mission of the foundation remains focused on these areas, demonstrating a broad commitment to bettering communities and promoting learning and growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
The Spriggs Family Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting an impressive overall score of 94%. This high rating is solely based on their accountability and finance metrics, which indicate strong governance and management practices within the organization. The foundation has demonstrated a commitment to transparency and financial responsibility, which is critical for donor trust and confidence.
One of the key strengths noted is the foundation's board composition, with 60% of its members being independent. This independence, along with a small board size of three members, enhances effective oversight and decision-making. Additionally, the organization has policies in place for conflict of interest, whistleblower protection, and document retention, all of which are essential for maintaining operational integrity and accountability.
Moreover, The Spriggs Family Foundation has a perfect program expense ratio of 100%, suggesting that all of its expenditures are directed towards its mission-driven activities. The organization also maintains a zero liability to assets ratio, indicating a strong financial position. However, while the rating highlights its strengths, ongoing monitoring of operational effectiveness and impact may further enhance its support and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Spriggs Family Foundation Inc legitimate?
The Spriggs Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Spriggs Family Foundation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Spriggs Family Foundation Inc?
The Spriggs Family Foundation Inc's primary role is to collect and preserve funds for charitable, religious, scientific, literary, or educational purposes. This organization serves as a steward of these resources, aiming to utilize them for the betterment of various sectors that align with these categories. The foundation's mission is centered around the allocation and maintenance of funds, with the ultimate goal of promoting positive change and development in these areas.
Who is the CEO of The Spriggs Family Foundation Inc?
Mary Witten Wiseman is the Director of The Spriggs Family Foundation Inc.
What is the revenue of The Spriggs Family Foundation Inc?
The Spriggs Family Foundation Inc's revenue in 2022 was $33,332.
Who are the executives of The Spriggs Family Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Spriggs Family Foundation Inc?
The Spriggs Family Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Spriggs Family Foundation Inc
The Spriggs Family Foundation Inc is dedicated to gathering and preserving funds for charitable, religious, scientific, literary, or educational purposes. This organization serves as a steward of resources, aiming to contribute positively to various sectors such as philanthropy, religion, research, and education. By maintaining these funds, The Spriggs Family Foundation Inc seeks to make a difference in various communities and fields, working towards the betterment of society as a whole.
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Impact
October, 2024
The Spriggs Family Foundation Inc makes a significant impact by receiving and maintaining funds dedicated to a wide array of charitable, religious, scientific, literary, and educational purposes. Operating out of Ashland, KY, the foundation plays a crucial role in enhancing community well-being and educational opportunities through its financial support. By focusing on philanthropy, it helps to address various societal needs, advancing knowledge and fostering cultural enrichment, while also supporting faith-based initiatives and scientific research. The foundation's commitment to nurturing these diverse areas contributes to the overall development and empowerment of individuals and communities.
This information is meant to be a general summary of The Spriggs Family Foundation 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 2022.
- Investment Income: $3,312
- Gross Receipts: $33,332
Assets and Liabilities:
- Total Assets: $118,378
- Total Liabilities: $0
- Net Assets: $118,378
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Organization Details
Founding Year
2002
Principal Officer
Mary Witten Wiseman
Main Address
855 CENTRAL AVE SUITE 300, ASHLAND, KY, 41101
NTEE Category
Code: T22 - Philanthropy
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