Overview
What is Father Fred Foundation?
Father Fred Foundation is a nonprofit organization situated in Traverse City, Michigan. Their primary mission is to provide aid and compassion to individuals in need, addressing essential requirements such as utility payments, heating costs, transportation, medical assistance, temporary shelter, food, and clothing. In 2022, they extended support to 3,690 families. Beyond financial assistance, they also offer non-cash aid, including food, clothing, and transportation, among other necessities. The foundation's workforce consists of 15 dedicated individuals.
Official website here: www.fatherfred.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Father Fred Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and finance practices. With an overall score of 96%, the foundation demonstrates a high level of transparency and governance, critical for donor confidence. This rating is based solely on its accountability and finance score, indicating robust operational standards.
Strengths of the foundation include a fully independent board with a majority of members, excellent financial oversight through an Audit and Oversight Committee, and a well-structured conflict of interest policy. Notably, all financial statements are audited, and there have been no reported material diversions of assets. Furthermore, a high program expense ratio of 88.90% suggests that a significant portion of its funds is dedicated to its charitable missions.
While the foundation's financial management is commendable, the data does not indicate any specific challenges or limitations. Overall, the Father Fred Foundation stands out as a trustworthy organization committed to effective financial stewardship and accountability, which is vital for potential donors considering their support.
This AI summary has been generated from information found on Charity Navigator.
Is Father Fred Foundation legitimate?
Father Fred Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Father Fred 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: $92,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $430,751
For more financial information, click here
Official website here: www.fatherfred.org
What is the mission statement of Father Fred Foundation?
The Father Fred Foundation's mission is centered around providing assistance to individuals with essential needs. They offer help, hope, and compassion, striving to make a positive impact in people's lives. In 2022, they provided financial aid for utilities, heating costs, transportation, medical assistance, temporary shelter, and food and clothing. Additionally, they offered non-cash support for various purposes, including food, clothing, and transportation, to those in need. During this year, the foundation extended support to a total of 3,690 families.
Official website here: www.fatherfred.org
What is the revenue of Father Fred Foundation?
Father Fred Foundation's revenue in 2023 was $2,662,926.
Official website here: www.fatherfred.org
Who are the executives of Father Fred Foundation and what are their salaries?
The average compensation at Father Fred Foundation during 2023 was $43,563. There are 12 employees and 188 volunteers at Father Fred Foundation.
Here are 12 key members and their salaries:
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- Compensation: $92,000
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- Other: $11,052
Official website here: www.fatherfred.org
Where can I find the form 990 for Father Fred Foundation?
Father Fred Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fatherfred.org
Learn more at the official website: www.fatherfred.org
Mission Statement of Father Fred Foundation
Father Fred Foundation, a compassionate organization, extends aid, hope, and empathy to individuals with essential needs. Its mission is centered around providing assistance to anyone in need, irrespective of their circumstances. The organization offers a wide range of aid, including financial assistance for utilities, heating costs, transportation, medical needs, temporary shelter, and food and clothing. Beyond monetary aid, Father Fred Foundation also extends non-cash support for necessities like food, clothing, and transportation, among other purposes. In 2022 alone, the foundation provided support to 3,690 families, demonstrating its commitment to its mission.
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Impact
July, 2024
Father Fred Foundation's impact is significant and far-reaching. In 2022, the foundation provided financial assistance for the payment of utilities, heating costs, transportation, medical assistance, temporary shelter, and food and clothing. They also offered non-cash support for various purposes like food, clothing, and transportation to those in need. Their support reached 3,690 families, demonstrating their commitment to offering help, hope, and compassion to anyone with essential needs in Traverse City, MI.
This information is meant to be a general summary of Father Fred 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 2023.
- Investment Income: $179,265
- Gross Receipts: $4,721,161
Assets and Liabilities:
- Total Assets: $8,316,149
- Total Liabilities: $104,734
- Net Assets: $8,211,415
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Organization Details
Founding Year
1989
Principal Officer
Charlie Sole
Website
www.fatherfred.orgNTEE Category
Code: P600 - Human services
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