Overview
What is The Edward F Foley And Christina C Foley Foundation?
The Edward F. Foley and Christina C. Foley Foundation, based in Hayden, Idaho, operates as a supporting organization with a mission to contribute to charitable, religious, scientific, literary, and educational causes. The foundation adheres to Section 501(c)(3) of the Internal Revenue Code, which allows it to make charitable distributions to eligible organizations. Its primary purpose is to address both emerging and ongoing community needs, catering to various philanthropic interests. The foundation serves as a bridge between donors and the community, ensuring that resources are allocated effectively and strategically.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Edward F Foley And Christina C Foley Foundation has received a Two-Star rating from Charity Navigator, reflecting a score of 73%. This rating indicates a moderate level of accountability and financial health, derived entirely from its Accountability & Finance score. The foundation has demonstrated a solid commitment to transparency and responsible financial practices, which is evidenced by its 100% independent board members and a robust program expense ratio of 82.25%.
Strengths of the foundation include its complete independence in board composition, showing a strong governance structure with no material diversion of assets. Additionally, the foundation documents its board meeting minutes, contributing to an overall transparency that is advantageous for donors and stakeholders alike. The foundation's excellent liabilities to assets ratio of 0.00% further emphasizes its financial stability.
However, the overall rating reflects room for improvement, as it relies solely on accountability metrics without considering other aspects of performance. While the foundation excels in financial management and governance, potential donors may seek additional information on program impact and outcomes to assess the full effectiveness of its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Edward F Foley And Christina C Foley Foundation legitimate?
The Edward F Foley And Christina C Foley Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Edward F Foley And Christina C Foley 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.
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
What is the mission statement of The Edward F Foley And Christina C Foley Foundation?
The Edward F. Foley and Christina C. Foley Foundation is established for charitable, religious, scientific, literary, and educational purposes, adhering to the definition as outlined in Section 501(c)(3) of the Internal Revenue Code. This foundation's mission is to provide financial support to organizations that share similar objectives, which are exempt under Section 501(c)(3) of the Code. In simpler terms, the foundation aims to contribute to causes that fall under the categories of charity, religion, science, literature, and education, with a focus on distributing funds to qualifying organizations.
Who is the CEO of The Edward F Foley And Christina C Foley Foundation?
Christy Foley is the President of The Edward F Foley And Christina C Foley Foundation.
What is the revenue of The Edward F Foley And Christina C Foley Foundation?
The Edward F Foley And Christina C Foley Foundation's revenue in 2022 was -$232,346.
Who are the executives of The Edward F Foley And Christina C Foley Foundation and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for The Edward F Foley And Christina C Foley Foundation?
The Edward F Foley And Christina C Foley Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Edward F Foley And Christina C Foley Foundation
The Edward F. Foley and Christina C. Foley Foundation is a charitable organization, established with a mission to contribute to causes that align with the definitions of charitable, religious, scientific, literary, and educational purposes as outlined in Section 501(c)(3) of the Internal Revenue Code. This mission extends to making distributions to other organizations that have also been classified as exempt under Section 501(c)(3) of the Code. In essence, the foundation's role is to support a diverse range of initiatives that fall under these categories, aiming to make a positive impact in various sectors.
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Impact
October, 2024
The Edward F Foley and Christina C Foley Foundation significantly impacts the community by addressing emerging and ongoing needs through targeted grant-making. By distributing funds to organizations that qualify as exempt under Section 501(c)(3) of the Internal Revenue Code, the Foundation supports a diverse range of charitable, religious, scientific, literary, and educational initiatives. This commitment to philanthropy not only aids in the immediate fulfillment of community requirements but also fosters a culture of giving, ensuring that varied philanthropic interests are represented and supported within the community. The foundation’s efforts help to empower organizations that are crucial to enhancing the quality of life for individuals and groups, making a meaningful difference in the lives of many.
This information is meant to be a general summary of The Edward F Foley And Christina C Foley 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: -$232,346
- Gross Receipts: $904,001
Assets and Liabilities:
- Total Assets: $263,362
- Total Liabilities: $0
- Net Assets: $263,362
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Organization Details
Phone
(208) 772-9556Principal Officer
Christy Foley
Main Address
PO BOX 1808, HAYDEN, ID, 83835
NTEE Category
Code: T22 - Philanthropy
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