Overview
What is Greater Menomonee Falls Foundation Trust?
The Greater Menomonee Falls Foundation Trust is a charitable organization based in Menomonee Falls, Wisconsin. Their primary mission is to serve as a conduit for donors, facilitating support for charities predominantly operating within the Menomonee Falls area. They achieve this by granting funds to qualifying organizations. The foundation's purpose is to create an efficient platform for donors to contribute to local causes, ultimately aiming to positively impact the Menomonee Falls community.
Official website here: www.fallsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 68%)
The Greater Menomonee Falls Foundation Trust has received a Two-Star rating, indicating a need for improvement in its overall performance and accountability measures. The organization has a solid score for accountability and finance, maintaining a 100% independent board and having no material diversion of assets. However, the foundation has significant gaps in its policies, particularly lacking a whistleblower policy and document retention and destruction policies.
Despite having a reasonable program expense ratio of 58.18%, which suggests that a majority of its expenses go toward its programs, the organization has not posted its tax form on its website, which detracts from transparency. The absence of required documents such as the tax form and essential policies may undermine stakeholder confidence and the organization's perceived commitment to best practices.
In conclusion, while the Greater Menomonee Falls Foundation Trust has strengths in governance and financial accountability, it must address critical policy shortcomings and enhance transparency to improve its overall rating and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Menomonee Falls Foundation Trust legitimate?
Greater Menomonee Falls Foundation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Menomonee Falls Foundation Trust 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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For more financial information, click here
Official website here: www.fallsfoundation.org
What is the mission statement of Greater Menomonee Falls Foundation Trust?
The Greater Menomonee Falls Foundation Trust's mission is to serve as an effective platform for donors, facilitating support for charities primarily focused in the Menomonee Falls area. They achieve this goal by providing grants to charitable organizations within their scope. The organization's primary activity revolves around making financial contributions to qualified organizations that align with their focus on the Menomonee Falls community.
Official website here: www.fallsfoundation.org
Who is the CEO of Greater Menomonee Falls Foundation Trust?
Rick Kohl is the Treasurer of Greater Menomonee Falls Foundation Trust.
Official website here: www.fallsfoundation.org
What is the revenue of Greater Menomonee Falls Foundation Trust?
Greater Menomonee Falls Foundation Trust's revenue in 2022 was $40,338.
Official website here: www.fallsfoundation.org
Who are the executives of Greater Menomonee Falls Foundation Trust and what are their salaries?
There 15 volunteers at Greater Menomonee Falls Foundation Trust.
Here are 13 key members and their salaries:
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Official website here: www.fallsfoundation.org
Where can I find the form 990 for Greater Menomonee Falls Foundation Trust?
Greater Menomonee Falls Foundation Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fallsfoundation.org
Learn more at the official website: www.fallsfoundation.org
Mission Statement of Greater Menomonee Falls Foundation Trust
Greater Menomonee Falls Foundation Trust is committed to serving as an efficient channel for donors to support charities primarily based in the Menomonee Falls area. This nonprofit organization achieves this mission by granting funds to qualified charitable organizations. The primary objective of Greater Menomonee Falls Foundation Trust is to strengthen the local community by providing financial assistance to organizations that align with its focus area. By doing so, the foundation plays a significant role in fostering development and growth within the Menomonee Falls community.
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Impact
August, 2024
The Greater Menomonee Falls Foundation Trust plays a vital role in supporting charitable organizations primarily focused in the Menomonee Falls area. By providing grants to qualified organizations, the foundation helps improve the lives of community members, enhance local programs, and contribute to the overall well-being of the area. Through its philanthropic efforts, the foundation fosters a sense of social responsibility and community engagement, making a positive impact on the Menomonee Falls community.
This information is meant to be a general summary of Greater Menomonee Falls Foundation Trust. 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: $1,417
- Gross Receipts: $48,762
Assets and Liabilities:
- Total Assets: $419,910
- Total Liabilities: $0
- Net Assets: $419,910
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Organization Details
Founding Year
1991
Phone
(414) 623-7716Principal Officer
Rick Kohl
Main Address
PO BOX 53, MENOMONEE FALLS, WI, 53052
Website
www.fallsfoundation.orgNTEE Category
Code: T70Z - Philanthropy
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