Overview
What is Wetherington Foundation Inc C/O Community Foundation Of Sarasota?
Wetherington Foundation Inc, affiliated with the Community Foundation of Sarasota, is a nonprofit organization situated in Sarasota, Florida. Their main objective is to uplift individuals and families, helping them realize their full potential through education, skill development, and employment opportunities. The foundation demonstrates a strong commitment to supporting those who are economically disadvantaged and strives to empower them to become self-reliant. Additionally, they showcase a dedication to children's success and recognize the sacrifices of veterans, offering assistance to those veterans who may be struggling in society. In 20XX, they provided five grants totaling $125,000 to various nonprofit organizations, supporting their capital emergencies, general operations, and program-related needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
The Wetherington Foundation Inc C/O Community Foundation Of Sarasota has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The high score reflects the organization’s commitment to transparency and effective financial management, with a particular emphasis on responsible governance and minimal asset diversion.
The foundation boasts a fully independent board with 100% of its members being independent, showcasing robust governance structures. Furthermore, it has implemented essential policies such as conflict of interest, whistleblower, and document retention, all of which contribute to its high accountability ratings. Additionally, the foundation demonstrates a solid program expense ratio of 80.92%, indicating that a significant portion of its funds is directed towards its charitable programs.
While the organization’s strengths are prominent, the rating is based solely on a single beacon score focused on accountability and finance. No additional insights into the foundation's programmatic impact or operational effectiveness beyond financial metrics are provided, which may limit a comprehensive understanding of its overall effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wetherington Foundation Inc C/O Community Foundation Of Sarasota legitimate?
Wetherington Foundation Inc C/O Community Foundation Of Sarasota is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wetherington Foundation Inc C/O Community Foundation Of Sarasota 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 Wetherington Foundation Inc C/O Community Foundation Of Sarasota?
The Wetherington Foundation, in its mission, aims to enhance the dignity and quality of life for individuals and families. It strives to help people reach their full potential by providing education, skill training, and employment opportunities. The foundation is particularly committed to empowering "at-risk" citizens who are determined to escape poverty and become self-reliant. Furthermore, it seeks to improve the lives of children, enabling them to achieve success. Additionally, the Wetherington Foundation recognizes the sacrifices made by veterans and is dedicated to serving those veterans who have faced hardships in society.
In terms of its activities, the foundation distributes grants to various nonprofit organizations. These grants are utilized for capital emergency assistance, general support, and program support. The goal is to provide aid where it is most needed, ultimately contributing to the overall betterment of the community.
Who is the CEO of Wetherington Foundation Inc C/O Community Foundation Of Sarasota?
Leland D Wetherington is the Chairman of Wetherington Foundation Inc C/O Community Foundation Of Sarasota.
What is the revenue of Wetherington Foundation Inc C/O Community Foundation Of Sarasota?
Wetherington Foundation Inc C/O Community Foundation Of Sarasota's revenue in 2022 was $107,881.
Who are the executives of Wetherington Foundation Inc C/O Community Foundation Of Sarasota and what are their salaries?
There 7 volunteers at Wetherington Foundation Inc C/O Community Foundation Of Sarasota.
Here are 8 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $149,717
- Other: $21,282
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $322,258
- Other: $36,141
- Compensation: $0
- Related: $217,557
- Other: $28,355
Where can I find the form 990 for Wetherington Foundation Inc C/O Community Foundation Of Sarasota?
Wetherington Foundation Inc C/O Community Foundation Of Sarasota's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wetherington Foundation Inc C/O Community Foundation Of Sarasota
Wetherington Foundation Inc, affiliated with Community Foundation Of Sarasota, is dedicated to improving the lives of individuals and families. Their mission is twofold: firstly, they aim to empower vulnerable citizens who are motivated to escape poverty and achieve self-reliance, thereby enhancing their quality of life. Secondly, they focus on the well-being of children, helping them attain success. The foundation also recognizes the sacrifices made by veterans and seeks to aid those who may have fallen through societal cracks. Through their grant-making activities, Wetherington Foundation Inc has distributed funds to various nonprofit organizations, contributing towards capital emergency assistance, general support, and program support.
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Impact
October, 2024
Wetherington Foundation Inc, through its partnership with the Community Foundation of Sarasota, focuses on enhancing the dignity and quality of life for individuals and families, particularly targeting those at risk. By facilitating access to education, skill training, and employment opportunities, the Foundation aims to empower individuals to break free from the cycle of poverty and achieve self-reliance.
The impact of the Foundation is evidenced by its distribution of $125,000 in grants to various organizations, supporting initiatives that provide emergency assistance, general support, and specific program support. This financial backing enables targeted organizations to deliver crucial services that uplift community members, especially children and veterans. The mission emphasizes a commitment to recognizing and addressing the needs of vulnerable populations, ultimately fostering a pathway to success and improved quality of life for those it serves.
This information is meant to be a general summary of Wetherington Foundation Inc C/O Community Foundation Of Sarasota. 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: $107,881
- Gross Receipts: $378,606
Assets and Liabilities:
- Total Assets: $1,711,999
- Total Liabilities: $4,690
- Net Assets: $1,707,309
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Organization Details
Founding Year
2002
Phone
(941) 955-3000Principal Officer
Leland D Wetherington
Main Address
2635 FRUITVILLE ROAD, SARASOTA, FL, 34237
NTEE Category
Code: T30 - Philanthropy
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