Overview
What is Russell Classic Cancer Fund?
The Russell Classic Cancer Fund is a charitable organization, headquartered in Sandusky, Ohio, specifically at 1437 Sycamore Line. Its primary mission is to extend financial aid to high school graduates seeking higher education, as well as provide medical support for cancer patients. This nonprofit organization operates in honor of Thomas Romick, and its objective is to lend a helping hand during challenging times related to cancer. The fund's activities and mission are centered around offering financial assistance, thereby easing the financial burden during cancer treatment and higher education pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Star Rating)
The Russell Classic Cancer Fund has received a low ratings score of 33%, which indicates significant concerns in accountability and financial practices. The charity boasts a fully independent board, with 71% of its members being independent, which is a positive aspect noted in its governance structure. However, the organization has received very low scores for transparency due to missing key policies and documents, such as a conflict of interest policy and a whistleblower policy.
Financially, the charity shows a concerning program expense ratio of only 42.55%, suggesting that a smaller portion of its funds is being utilized for its intended programs. Furthermore, the absence of a listed website on its tax form and missing documentation related to governance practices highlights a lack of transparency, which could impact donor trust. While the organization does maintain proper board meeting minutes, the overall financial health and operational transparency need significant improvement to foster greater donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Russell Classic Cancer Fund legitimate?
Russell Classic Cancer Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Russell Classic Cancer Fund 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 Russell Classic Cancer Fund?
The Russell Classic Cancer Fund's mission is centered around providing financial assistance. It offers monetary support to high school graduates pursuing higher education and to cancer-afflicted individuals requiring medical care. This initiative is a tribute to Thomas Romick. The organization's primary objective is to aid these groups, thereby making a significant impact in their lives during challenging times.
Who is the CEO of Russell Classic Cancer Fund?
Raymond Schaefer is the President of Russell Classic Cancer Fund.
What is the revenue of Russell Classic Cancer Fund?
Russell Classic Cancer Fund's revenue in 2022 was $79,318.
Who are the executives of Russell Classic Cancer Fund and what are their salaries?
There 20 volunteers at Russell Classic Cancer Fund.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Russell Classic Cancer Fund?
Russell Classic Cancer Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Russell Classic Cancer Fund
The Russell Classic Cancer Fund is committed to providing financial assistance in two significant ways. Firstly, it supports high school graduates pursuing higher education, honoring the legacy of Thomas Romick. Secondly, it extends monetary aid to cancer patients in need of medical care. By undertaking these initiatives, the Russell Classic Cancer Fund seeks to make a tangible difference in the lives of those affected by cancer, either as survivors or as future leaders in the academic sphere.
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Impact
August, 2024
The Russell Classic Cancer Fund provides crucial monetary support to high school graduates pursuing higher learning and individuals battling cancer in need of medical care. This impactful initiative honors the legacy of Thomas Romick by assisting students in furthering their education and aiding cancer patients in their medical journey. Through its philanthropic endeavors, the fund positively impacts the lives of those it supports in Sandusky, OH, and beyond.
This information is meant to be a general summary of Russell Classic Cancer Fund. 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
- Gross Receipts: $886,520
Assets and Liabilities:
- Total Assets: $53,069
- Total Liabilities: $0
- Net Assets: $53,069
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Organization Details
Founding Year
2008
Phone
(419) 656-0437Principal Officer
Raymond Schaefer
Main Address
1437 SYCAMORE LINE, SANDUSKY, OH, 44870
NTEE Category
Code: T12 - Philanthropy
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