Overview
What is Footprints Foundation Inc?
Footprints Foundation Inc, based in New York Mills, is a dedicated nonprofit organization. Its primary focus is to empower local individuals by providing financial aid in the form of scholarships for higher education. Besides this, the foundation also invests in community projects that contribute to the enhancement and betterment of the New York Mills community as a whole. By offering scholarships and funding for community development initiatives, Footprints Foundation Inc serves as a supportive entity, fostering growth and progress within its locality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that while the Footprints Foundation Inc has certain strengths, there are significant areas that require improvement in accountability and financial transparency.
The organization demonstrates a strong commitment to governance, as evidenced by 100% independent board members and a perfect score in material diversion of assets. Furthermore, it has a 100% program expense ratio, indicating that all of its expenditures are directed towards its programs. However, the foundation falls short in transparency, as it lacks financial statements and essential policies, which has negatively impacted its overall rating.
Additionally, the absence of key documents such as a conflict of interest policy, whistleblower policy, and retention and destruction policies raises concerns about its operational practices. The missing financial statements and website listed on the tax form further hinder the foundation’s accountability, limiting public trust and access to information. Overall, while Footprints Foundation Inc shows commitment in some governance areas, it needs to address its transparency and policy shortcomings to enhance its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Footprints Foundation Inc legitimate?
Footprints Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Footprints 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Footprints Foundation Inc?
The Footprints Foundation's mission is centered around providing scholarships for individuals within and beyond their community. Furthermore, the organization extends its support by funding community projects that aim to enhance the overall quality of life. By offering scholarships and investing in community projects, the Footprints Foundation strives to contribute positively to the personal and collective growth of its beneficiaries.
Who is the CEO of Footprints Foundation Inc?
Richard Ericksrud is the Vice Preside of Footprints Foundation Inc.
What is the revenue of Footprints Foundation Inc?
Footprints Foundation Inc's revenue in 2022 was $40,151.
Who are the executives of Footprints Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Footprints Foundation Inc?
Footprints Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Footprints Foundation Inc
Footprints Foundation Inc, a nonprofit organization, is committed to supporting the community of New York Mills in a multifaceted manner. At its core, the foundation provides scholarships to individuals within and beyond the community, enabling them to pursue higher education. This scholarship program extends its reach to college-attending students, thereby aiding numerous individuals in their academic pursuits.
Beyond scholarships, Footprints Foundation Inc also invests in community projects that aim to enhance the overall quality of life in New York Mills. By providing funding for such projects, the foundation contributes to the betterment of the community, making it a more vibrant and enriching place for its residents. This proactive approach to community development highlights Footprints Foundation Inc's dedication to the well-being and growth of its community.
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Impact
August, 2024
Footprints Foundation Inc has a significant impact on the community of New York Mills by providing scholarships for individuals pursuing higher education and funding for community projects that improve the local area. Through its support, the organization empowers students to achieve their academic goals and contributes to the overall development and enhancement of the community. This dual focus on education and community improvement demonstrates Footprints Foundation Inc's commitment to creating a better future for the residents of New York Mills.
This information is meant to be a general summary of Footprints 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: $8,863
- Gross Receipts: $40,151
Assets and Liabilities:
- Total Assets: $672,341
- Total Liabilities: $0
- Net Assets: $672,341
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Organization Details
Phone
(218) 385-2300Principal Officer
Richard Ericksrud
Main Address
PO BOX 278, NEW YORK MILLS, MN, 56567
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