Overview
What is Mary Cross Tippmann Foundation?
The Mary Cross Tippmann Foundation, a public charitable organization based in Fort Wayne, Indiana, is dedicated to fulfilling its mission by generously supporting other public charities. Through various programs, the Foundation contributes to the activities of these charitable organizations, aiming to make a difference in their respective causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Mary Cross Tippmann Foundation has received a Three-Star rating from Charity Navigator, reflecting its strong performance in the areas of accountability and finance. The charity's overall score is derived entirely from this single beacon score, with an impressive accountability and finance score of 82%. This indicates a solid commitment to good governance practices as evidenced by 100% independent board members and a comprehensive set of policies in place, such as conflict of interest, whistleblower, and document retention policies.
One of the foundation's notable strengths is its high program expense ratio of nearly 94%, suggesting that a significant portion of its funding is directed toward its mission-driven programs rather than administrative costs. Additionally, the foundation has maintained a very low liabilities to assets ratio of just 0.03%, indicating strong financial health. This is reinforced by an exceptional working capital ratio, showing that the foundation has ample resources to meet its obligations in the long term.
However, while the foundation demonstrates efficiency in program expenses, its fundraising efficiency ratio is notably low at $0.002. This suggests potential challenges in raising funds, which could impact its ability to sustain or expand its operations. Overall, the Mary Cross Tippmann Foundation showcases a commitment to accountability and effective financial management, though it may need to improve its fundraising strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Mary Cross Tippmann Foundation legitimate?
Mary Cross Tippmann Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mary Cross Tippmann 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: $84,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mary Cross Tippmann Foundation?
The Mary Cross Tippmann Foundation is a public charity-focused organization with a mission to offer assistance and support. Based in Indiana, this foundation is dedicated to advancing the causes of various public charities. Through its initiatives, the foundation aims to promote the activities and goals of these charities, contributing to their impact and effectiveness. By providing financial and other resources, the Mary Cross Tippmann Foundation empowers public charities to make a difference in their respective communities and beyond.
Who is the CEO of Mary Cross Tippmann Foundation?
Unavailable
What is the revenue of Mary Cross Tippmann Foundation?
Mary Cross Tippmann Foundation's revenue in 2022 was $81,846,413.
Who are the executives of Mary Cross Tippmann Foundation and what are their salaries?
There 14 volunteers at Mary Cross Tippmann Foundation.
Here are 14 key members and their salaries:
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- Compensation: $84,192
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Where can I find the form 990 for Mary Cross Tippmann Foundation?
Mary Cross Tippmann Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mary Cross Tippmann Foundation
The Mary Cross Tippmann Foundation, a public charitable organization, is dedicated to making a difference by providing vital support to various public charities. Situated in Fort Wayne, Indiana, the Foundation's primary mission is to enhance the capacity and effectiveness of these charitable entities. Through its programs, the Foundation empowers public charities to further their objectives and create positive change in their communities. The Foundation's commitment to public charities is unwavering, as it recognizes the crucial role they play in addressing societal challenges and improving lives. By supporting their initiatives, the Mary Cross Tippmann Foundation contributes to a more compassionate and prosperous world.
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Impact
October, 2024
The Mary Cross Tippmann Foundation plays a vital role in enhancing community welfare by providing essential support to public charities. Based in Fort Wayne, Indiana, the Foundation's mission focuses on promoting charitable activities that benefit various sectors, including education, health, and community development. Through its programs, the Foundation enables public charities to expand their reach and effectiveness, ultimately improving the quality of life for residents in the region. By investing in local initiatives and fostering collaboration among organizations, the Mary Cross Tippmann Foundation creates a lasting positive impact on the community.
This information is meant to be a general summary of Mary Cross Tippmann 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: $41,416,746
- Gross Receipts: $124,419,519
Assets and Liabilities:
- Total Assets: $195,913,599
- Total Liabilities: $71,391
- Net Assets: $195,842,208
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Organization Details
Founding Year
1998
Phone
(260) 490-3000Main Address
9009 Coldwater Road, Fort Wayne, IN, 46825
NTEE Category
Code: T22 - Philanthropy
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