Overview
What is Fremont Area Foundation Inc?
Fremont Area Foundation Inc is a nonprofit organization situated in Fremont, Ohio. Their primary focus is on raising funds to enhance the athletic facilities belonging to a public education entity within the city. By doing so, they aim to contribute positively to the community, potentially improving the athletic experiences of local students. The organization's mission is clearly centered around supporting the local educational system, specifically in the realm of sports facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
The Fremont Area Foundation Inc receives a Three-Star rating from Charity Navigator, primarily focusing on its performance in accountability and finance. With a score of 80%, the foundation demonstrates a strong commitment to transparency and responsible financial management, which is crucial for donor confidence and organizational integrity.
The organization scores particularly well in various accountability metrics. It has a fully independent board composed of 13 members, ensuring that governance is free from conflicts of interest. Furthermore, it has not reported any material diversion of assets, maintains a high program expense ratio of approximately 78.64%, and successfully documents board meeting minutes, all contributing to its strong financial health.
While the foundation's overall rating is commendable, potential donors should be aware that the score is calculated solely on the accountability and finance beacon. Other performance aspects such as program impact or community engagement could provide a more comprehensive view of the organization's effectiveness, which are not reflected in this rating alone.
This AI summary has been generated from information found on Charity Navigator.
Is Fremont Area Foundation Inc legitimate?
Fremont Area Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fremont Area 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.
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What is the mission statement of Fremont Area Foundation Inc?
The Fremont Area Foundation Inc's mission involves raising funds to enhance the athletic facilities belonging to a public education entity. This aim is centered around improving the athletic facilities to benefit the community. The foundation's activities are focused on this specific objective, contributing to the enhancement of athletic opportunities for individuals within this educational setting. Their work is geared towards enhancing the athletic environment, fostering a sense of community and promoting physical activity.
Who is the CEO of Fremont Area Foundation Inc?
Brad Woleslagel is the Secretary of Fremont Area Foundation Inc.
What is the revenue of Fremont Area Foundation Inc?
Fremont Area Foundation Inc's revenue in 2022 was $194,059.
Who are the executives of Fremont Area Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Fremont Area Foundation Inc?
Fremont Area Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fremont Area Foundation Inc
Fremont Area Foundation Inc, as depicted in the information provided, is an organization dedicated to enhancing athletic facilities owned by a public education entity in its vicinity. The primary mission of this foundation is to gather funds, channeling them towards the improvement of these facilities. By doing so, the foundation aims to contribute positively to the athletic experiences of students within the public education system in Fremont, Ohio. The foundation's efforts are geared towards bettering the athletic infrastructure, thereby potentially improving the overall athletic experiences and opportunities for the students.
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Impact
October, 2024
Fremont Area Foundation Inc significantly enhances the community by raising funds dedicated to improving athletic facilities owned by public educational institutions in Fremont, Ohio. This initiative not only elevates the quality of sports programs but also fosters a stronger sense of community and promotes physical activity among students. By investing in athletic infrastructure, the Foundation actively supports the development of youth, encouraging teamwork, discipline, and health, which are vital components of education and personal growth. The focus on athletic facilities highlights the importance of providing students with opportunities to engage in sports, ultimately contributing to their overall educational experience and well-being.
This information is meant to be a general summary of Fremont Area 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: $11,360
- Gross Receipts: $219,916
Assets and Liabilities:
- Total Assets: $677,858
- Total Liabilities: $0
- Net Assets: $677,858
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Organization Details
Founding Year
2011
Phone
(419) 334-4468Principal Officer
Brad Woleslagel
Main Address
1907 W State Street APT 111, Fremont, OH, 43420
NTEE Category
Code: B112 - Education
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