Overview
What is Aptiv Foundation Inc?
Aptiv Foundation Inc, based in La Crosse, Wisconsin, is a charitable organization that primarily supports Aptiv Inc., a nonprofit dedicated to empowering adults with disabilities to live more independently. The foundation funds various life services and employment programs for these individuals, promoting innovation and quality enhancements in programming not covered by government funds. Additionally, Aptiv Foundation Inc. provides financial aid for outreach, information, and advocacy initiatives aimed at benefiting people with disabilities and their families or guardians. In times of need, the foundation also offers emergency support and addresses service gaps for individuals with disabilities, many of whom live below the poverty line.
Official website here: www.aptiv.org/about-us/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The Aptiv Foundation Inc has received a One-Star rating from Charity Navigator, indicating concerns regarding its overall financial health and accountability. The organization scored 56% in Accountability & Finance, reflecting both strengths and weaknesses in its governance practices. While it boasts a fully independent board and has implemented essential policies such as conflict of interest and whistleblower protections, it lacks transparency in certain areas, notably failing to post its tax forms on its website.
Despite the positives in board independence and oversight committee effectiveness, the foundation's financial metrics raise red flags. Its program expense ratio is at 46.23%, which suggests that less than half of its spending goes directly to its programs. Additionally, its liabilities to assets ratio of 17.48% indicates potential financial instability, which could impact its ability to fulfill its mission effectively.
Overall, while the Aptiv Foundation Inc demonstrates solid governance practices, its financial management and transparency issues limit its effectiveness and raise concerns for potential donors and stakeholders. Addressing these weaknesses could be crucial for improving its rating and enhancing donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Aptiv Foundation Inc legitimate?
Aptiv Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aptiv Foundation Inc 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aptiv.org/about-us/foundation
What is the mission statement of Aptiv Foundation Inc?
Aptiv Foundation Inc's mission is centered around supporting Aptiv Incorporated, an organization that assists adults with disabilities in leading more independent lives. Aptiv Foundation provides financial aid for life services and employment services delivered by Aptiv Incorporated. This funding facilitates innovations and improvements to programming that are not covered by government funds. The foundation also provides funding for outreach, information, and advocacy for individuals with disabilities and their families and guardians. In times of emergency or when service needs are unmet, Aptiv Foundation's funds help bridge the gaps for people with disabilities, many of whom live in poverty.
Official website here: www.aptiv.org/about-us/foundation
Who is the CEO of Aptiv Foundation Inc?
Jenny Felty is the Chair of Aptiv Foundation Inc. The CEO's salary of Aptiv Foundation Inc is $0 and their total compensation is $0.
Official website here: www.aptiv.org/about-us/foundation
What is the revenue of Aptiv Foundation Inc?
Aptiv Foundation Inc's revenue in 2022 was $1,208,890.
Official website here: www.aptiv.org/about-us/foundation
Who are the executives of Aptiv Foundation Inc and what are their salaries?
There 36 volunteers at Aptiv Foundation Inc.
Here are 16 key members and their salaries (Aptiv Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.aptiv.org/about-us/foundation
Where can I find the form 990 for Aptiv Foundation Inc?
Aptiv Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aptiv.org/about-us/foundation
Learn more at the official website: www.aptiv.org/about-us/foundation
Mission Statement of Aptiv Foundation Inc
Aptiv Foundation Inc exists with the primary objective of supporting Aptiv Inc., an organization that aids adults with disabilities in living more independently. The foundation's mission aligns with Aptiv Inc.'s, which is to provide a comprehensive range of innovative support services for individuals with disabilities, enabling them to lead meaningful lives.
To achieve this, Aptiv Foundation Inc. provides funding and grants for various life services and employment services delivered by Aptiv Inc. This financial assistance facilitates innovation and enhances the quality of programming not covered by government funds. Additionally, the foundation supports outreach, information, and advocacy initiatives for people with disabilities and their families and guardians. The Aptiv Foundation's funds are also allocated to address emergency needs and service gaps for individuals with disabilities, many of whom live in poverty.
In essence, Aptiv Foundation Inc. plays a significant role in empowering Aptiv Inc. to provide essential support services for adults with disabilities. By funding innovative programs, outreach efforts, and emergency needs, the foundation enables Aptiv Inc. to help individuals with disabilities live more independently and lead fulfilling lives.
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Impact
July, 2024
Aptiv Foundation Inc's impact is significant in supporting Aptiv, Inc. in delivering life services and employment services for youth and adults with disabilities. By providing funding and grants for innovative programming not supported by government dollars, the foundation helps enhance the quality of services offered to individuals with disabilities. Additionally, Aptiv Foundation Inc's support extends to outreach, information, and advocacy for people with disabilities and their families and guardians. This includes addressing emergency needs and service gaps for individuals, many of whom live in poverty. Through its efforts, Aptiv Foundation Inc plays a crucial role in enabling individuals with disabilities to live more independently and lead meaningful lives.
This information is meant to be a general summary of Aptiv Foundation Inc. 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: $175,635
- Program Service Revenue: $697,131
- Gross Receipts: $1,604,855
Assets and Liabilities:
- Total Assets: $9,710,728
- Total Liabilities: $1,794,667
- Net Assets: $7,916,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$697,131
Organization Details
Founding Year
1978
Phone
(608) 784-9450Principal Officer
Jenny Felty
Main Address
3000 SOUTH AVENUE, LA CROSSE, WI, 54601
NTEE Category
Code: P80 - Human services
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