Overview
What is Jacob And Clara Faber Community Enrichment And Education Foundation?
The Jacob and Clara Faber Community Enrichment and Education Foundation is a nonprofit organization situated in Cuyahoga Falls, Ohio. With a single employee, their primary focus is on providing a two-year program centered around fostering and educating junior and senior students from six local districts in auto collision repair and refinishing skills. This program aims to equip these students with essential vocational skills, contributing to their personal growth and potential future careers in the automotive industry.
Official website here: www.faberfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Jacob and Clara Faber Community Enrichment and Education Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while it performs well in some areas, there are significant concerns that need to be addressed. The organization has a strong score for Accountability & Finance, achieving 100%, which reflects good financial health and governance practices, such as a conflict of interest policy being in place and no material diversion of assets.
However, the foundation's overall score of 73% highlights areas for improvement, particularly in governance practices. The board composition lacks sufficient independent members, with only 2 out of 10 being independent, which raises potential concerns about oversight. Additionally, the absence of a whistleblower policy and document retention policy, along with the tax form not being posted on the nonprofit's website, illustrate gaps in transparency and compliance that the organization should address to enhance its credibility.
Overall, while the foundation demonstrates robust program expenditure, with a program expense ratio of 73.23%, the need for better governance practices is evident. Enhancing compliance with transparency policies and improving board independence could help improve the organization's rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Jacob And Clara Faber Community Enrichment And Education Foundation legitimate?
Jacob And Clara Faber Community Enrichment And Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jacob And Clara Faber Community Enrichment And Education 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: $119,319
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.faberfoundation.com
What is the mission statement of Jacob And Clara Faber Community Enrichment And Education Foundation?
The Jacob and Clara Faber Community Enrichment and Education Foundation's mission is centered around fostering and educating junior and senior students in the field of auto collision repair and refinishing. By offering a two-year program, the foundation aims to equip these students with the necessary skills in this sector, ultimately contributing to their future careers. The foundation's primary objective is to serve the six district compact community, including Woodridge, Cuyahoga Falls, Stow, Hudson, Tallmadge, and Kent Roosevelt. The program's goal is to provide practical, hands-on learning opportunities for these students, thereby contributing to the development of a skilled workforce in the automotive industry.
Official website here: www.faberfoundation.com
Who is the CEO of Jacob And Clara Faber Community Enrichment And Education Foundation?
Guy F Klapp Iii is the President & of Jacob And Clara Faber Community Enrichment And Education Foundation.
Official website here: www.faberfoundation.com
What is the revenue of Jacob And Clara Faber Community Enrichment And Education Foundation?
Jacob And Clara Faber Community Enrichment And Education Foundation's revenue in 2022 was $80,575.
Official website here: www.faberfoundation.com
Who are the executives of Jacob And Clara Faber Community Enrichment And Education Foundation and what are their salaries?
The average compensation at Jacob And Clara Faber Community Enrichment And Education Foundation during 2022 was $119,319. There is 1 employee and 2 volunteers at Jacob And Clara Faber Community Enrichment And Education Foundation.
Here are 3 key members and their salaries:
- Compensation: $67,533
- Related: $0
- Other: $51,786
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.faberfoundation.com
Where can I find the form 990 for Jacob And Clara Faber Community Enrichment And Education Foundation?
Jacob And Clara Faber Community Enrichment And Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.faberfoundation.com
Learn more at the official website: www.faberfoundation.com
Mission Statement of Jacob And Clara Faber Community Enrichment And Education Foundation
The Jacob and Clara Faber Community Enrichment and Education Foundation is dedicated to fostering and teaching auto collision repair and refinishing to junior and senior students within their six-district compact community. This nonprofit organization's mission is to provide a two-year program aimed at imparting valuable skills in the field of automotive collision repair and refinishing to young students from Woodridge, Cuyahoga Falls, Stow, Hudson, Tallmadge, and Kent Roosevelt. By offering this program, the foundation aims to equip these students with the necessary skills to succeed in this industry, ultimately contributing to their personal growth and potential future careers.
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Impact
October, 2024
The Jacob and Clara Faber Community Enrichment and Education Foundation significantly enhances educational opportunities for junior and senior students in the Six District Compact Community, which includes Woodridge, Cuyahoga Falls, Stow, Hudson, Tallmadge, and Kent Roosevelt. By providing a two-year program focused on auto collision repair and refinishing, the foundation equips students with essential skills and hands-on experience in a high-demand field.
This initiative not only fosters technical proficiency but also promotes career readiness, allowing students to transition smoothly into the workforce or pursue further education in automotive technology. By engaging local youth and addressing community needs, the foundation cultivates a skilled workforce, thereby contributing to economic growth and sustaining industry demands in the region. The impact extends beyond individual students; it enriches the entire community by creating pathways for professional development, enhancing employability, and fostering collaboration among local schools.
This information is meant to be a general summary of Jacob And Clara Faber Community Enrichment And Education 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: -$16,169
- Program Service Revenue: $81,231
- Gross Receipts: $2,475,849
Assets and Liabilities:
- Total Assets: $6,676,539
- Total Liabilities: $1,963,275
- Net Assets: $4,713,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$81,231
Organization Details
Founding Year
2001
Phone
(330) 697-9580Principal Officer
Guy F Klapp Iii
Main Address
1872 FRONT STREET, CUYAHOGA FALLS, OH, 44221
Website
www.faberfoundation.comNTEE Category
Code: B12 - Education
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