Overview
What is Clothilde R Smith Charitable Foundation?
The Clothilde R Smith Charitable Foundation, based in Detroit, MI, is a dedicated nonprofit organization that prioritizes the support of public schools. Their mission is to improve the educational experience for students by providing essential facilities and support services. By focusing on resource allocation, they strive to create an environment where students can flourish and achieve academic success. Their activities are geared towards enhancing the quality of education in public schools, ensuring that the necessary resources are readily available to students.
Official website here: www.oldredford.com/content/crs%
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (56%)
The Clothilde R Smith Charitable Foundation has received a low rating of 56%, categorized as a One-Star out of Four Stars charity primarily due to its accountability and finance score. This low score indicates significant areas for improvement, particularly in its financial health and transparency. While the foundation boasts 100% independent board members and has strong policies in place regarding conflict of interest and whistleblower protections, the financial metrics raise concerns about its operational effectiveness.
The foundation's financial statements show a concerning liabilities to assets ratio of 88.48%, which reflects potential financial instability. Additionally, the program expense ratio is low at 36.21%, suggesting that a smaller portion of its expenses is directed towards its charitable programs compared to administrative costs. This could raise questions about the organization's commitment to its mission.
On a positive note, the foundation has demonstrated strong governance practices with robust oversight mechanisms in place. However, the absence of the tax form on its website may hinder transparency and accessibility for potential donors and stakeholders. Overall, while the foundation has some strengths in governance, its financial performance and transparency issues warrant careful consideration by potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Clothilde R Smith Charitable Foundation legitimate?
Clothilde R Smith Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clothilde R Smith Charitable 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.oldredford.com/content/crs%
What is the mission statement of Clothilde R Smith Charitable Foundation?
The Clothilde R Smith Charitable Foundation's mission is centered around supporting public schools. By providing necessary facilities and support services, the foundation aims to enhance the quality of education and create an environment that allows students in Detroit, MI, to flourish. The organization's activities are geared towards ensuring that essential resources are accessible, thereby contributing to the overall improvement of the educational experience for the students.
Official website here: www.oldredford.com/content/crs%
Who is the CEO of Clothilde R Smith Charitable Foundation?
Melvin Smith is the Member of Clothilde R Smith Charitable Foundation.
Official website here: www.oldredford.com/content/crs%
What is the revenue of Clothilde R Smith Charitable Foundation?
Clothilde R Smith Charitable Foundation's revenue in 2023 was $523,524.
Official website here: www.oldredford.com/content/crs%
Who are the executives of Clothilde R Smith Charitable Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.oldredford.com/content/crs%
Where can I find the form 990 for Clothilde R Smith Charitable Foundation?
Clothilde R Smith Charitable Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oldredford.com/content/crs%
Learn more at the official website: www.oldredford.com/content/crs%
Mission Statement of Clothilde R Smith Charitable Foundation
The Clothilde R Smith Charitable Foundation is dedicated to supporting public schools by providing essential facilities and support services. Their mission is to improve the quality of education for students by ensuring that necessary resources are readily available, enabling them to flourish. The foundation aims to enhance the learning experience for students by investing in the infrastructure and resources needed for a conducive educational environment.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Clothilde R Smith Charitable Foundation has a significant impact on public schools in Detroit, MI. By providing facilities and support services, the foundation enhances the quality of education for students, ensuring they have the necessary resources to thrive. This philanthropic work directly contributes to the improvement of educational outcomes and opportunities for young individuals in the community.
This information is meant to be a general summary of Clothilde R Smith Charitable 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: $52,613
- Gross Receipts: $2,381,818
Assets and Liabilities:
- Total Assets: $21,128,189
- Total Liabilities: $18,694,267
- Net Assets: $2,433,922
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1997
Phone
(248) 799-2780Principal Officer
Melvin Smith
Main Address
29260 LAUREL DR, FARMINGTON HILLS, MI, 48331
NTEE Category
Code: T99 - Philanthropy
If you are a representative of Clothilde R Smith Charitable Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.