Overview
What is Rwyc Foundation?
The Rwyc Foundation, located in Temple, Texas, is a nonprofit organization with a primary mission to support the activities of the Ralph Wilson Youth Club. This mission extends to secondary support for other youth-focused charities within Bell County. The foundation's purpose is to contribute to the well-being and growth of young individuals in the area, aligning with its main objective to boost youth-centric initiatives. By providing support to these charities, the Rwyc Foundation plays a significant role in promoting youth development and empowerment in its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
The Rwyc Foundation has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 33%, the foundation struggles particularly in areas such as program expenses, with only 39.39% allocated towards its programs, which raises questions about its financial efficiency and impact.
On a positive note, the foundation boasts a fully independent board, with 100% of its members classified as independent. This suggests a commitment to governance, as evidenced by the board's ability to meet without conflicts of interest. Additionally, there are no reported material diversions of assets, which indicates a level of integrity in financial reporting.
However, the lack of essential policies and documentation, including a conflict of interest policy and a whistleblower policy, negatively affects the organization's accountability score. Additionally, the absence of a website listed on its tax form raises transparency concerns, which may deter potential donors and stakeholders from supporting the foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Rwyc Foundation legitimate?
Rwyc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rwyc Foundation 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 Rwyc Foundation?
The Rwyc Foundation primarily focuses on supporting the activities of the Ralph Wilson Youth Club and secondarily aids other youth-oriented charities in Bell County. Its mission is to contribute to the initiatives of these organizations, aiming to positively impact the lives of young individuals in the community. The foundation's primary objective is to provide financial and other forms of support to these youth-centric organizations, working towards their collective goals and objectives.
Who is the CEO of Rwyc Foundation?
Doug Streater is the Director of Rwyc Foundation.
What is the revenue of Rwyc Foundation?
Rwyc Foundation's revenue in 2022 was $89,160.
Who are the executives of Rwyc Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Rwyc Foundation?
Rwyc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rwyc Foundation
The Rwyc Foundation, named after the Ralph Wilson Youth Club, primarily focuses its mission on supporting the activities of this youth club. Beyond this, the foundation extends its support to other charities that are youth-oriented within Bell County. The organization's primary objective is to contribute to the initiatives and programs designed for young individuals, aiming to foster their growth and development.
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Impact
October, 2024
Rwyc Foundation significantly impacts the community by supporting the Ralph Wilson Youth Club and other youth-oriented charities in Bell County. Through its efforts, the foundation enhances opportunities for young people, providing them with access to valuable programs and resources that promote personal growth and development.
By focusing on the activities of the Ralph Wilson Youth Club, Rwyc Foundation helps foster a safe and nurturing environment where youth can engage in constructive activities, develop new skills, and build meaningful relationships. The foundation's commitment to youth philanthropy ensures that it not only addresses immediate needs but also contributes to the long-term well-being of young individuals in the region. As a result, Rwyc Foundation plays a crucial role in shaping the future of Bell County's youth, empowering them to become active and positive contributors to their communities.
This information is meant to be a general summary of Rwyc Foundation. 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: $89,160
- Gross Receipts: $2,588,127
Assets and Liabilities:
- Total Assets: $4,659,039
- Total Liabilities: $0
- Net Assets: $4,659,039
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Organization Details
Founding Year
2002
Phone
(254) 913-1806Principal Officer
Doug Streater
Main Address
PO BOX 1346, TEMPLE, TX, 76503
NTEE Category
Code: T30 - Philanthropy
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