Overview
What is Graybar Family Foundation?
The Graybar Family Foundation is a nonprofit organization situated in Chesterfield, Missouri. Its primary mission is to extend relief grants to eligible Graybar applicants encountering hardship crises. The foundation has a history of providing various grant amounts, ranging from $700 to $7,500, to support those in need. The foundation's purpose is to alleviate financial burdens and offer assistance during challenging times, thereby upholding its commitment to the Graybar community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Graybar Family Foundation has received a low rating of 53%, reflecting concerns in its accountability and finance practices. The organization has no independent board members, which raises questions about governance and oversight. While it has reported no material diversion of assets, several critical policies related to conflict of interest, whistleblower protections, and document retention are missing, indicating potential vulnerabilities in operational transparency.
Despite these issues, the foundation demonstrates strong financial health with a program expense ratio of 99.55%, suggesting that nearly all its expenditures are directed towards its programs. Moreover, the foundation has an impressive liabilities to assets ratio of 0.00%, emphasizing its sound financial standing. However, the lack of an accessible website and posted tax documents undermines its accountability efforts and could hinder public trust.
Overall, while the Graybar Family Foundation shows promise in its financial efficiency, significant governance weaknesses and missing policies may limit its overall effectiveness and transparency. Continued attention to these areas could enhance its accountability and strengthen its reputation within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Graybar Family Foundation legitimate?
Graybar Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Graybar Family 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:
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What is the mission statement of Graybar Family Foundation?
The Graybar Family Foundation's mission is centered around providing relief grants to qualified Graybar applicants who are currently facing hardship crises. This philanthropic organization aims to offer financial aid during times of need, as evidenced by the various grant amounts mentioned in the provided data. The foundation's actions reflect a commitment to alleviating the immediate financial burdens of those who meet their criteria for assistance.
What is the revenue of Graybar Family Foundation?
Graybar Family Foundation's revenue in 2024 was $173,353.
Who are the executives of Graybar Family Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Graybar Family Foundation?
Graybar Family Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Graybar Family Foundation
The Graybar Family Foundation is dedicated to providing relief grants to approved Graybar applicants who are facing hardship crises. Their mission is centered around offering financial aid during times of distress, demonstrating their commitment to supporting individuals within the Graybar community during their periods of need. Through this mission, the foundation has granted various amounts ranging from $700 to $7,500 to numerous applicants, providing them with much-needed assistance during challenging circumstances.
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Impact
October, 2024
The Graybar Family Foundation provides essential relief grants to individuals facing hardship crises, significantly impacting their lives during challenging times. The foundation has distributed a range of grants tailored to the specific needs of applicants, supporting those in distress.
For instance, the foundation awarded various grants ranging from $700 to $7,500, responding effectively to diverse financial situations and emergencies. The breadth of support demonstrates a commitment to alleviating financial strain, fostering resilience among those served. By assisting numerous applicants across different grant levels, the foundation plays a crucial role in the community, ensuring that individuals can navigate through their crises more effectively and regain stability.
Overall, the Graybar Family Foundation's impact is characterized by its dedication to providing timely and meaningful financial assistance, reflecting its mission to support those in need during their most challenging moments.
This information is meant to be a general summary of Graybar Family 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 2024.
- Gross Receipts: $173,353
Assets and Liabilities:
- Total Assets: $89,060
- Total Liabilities: $0
- Net Assets: $89,060
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Organization Details
Founding Year
2000
Principal Officer
Kathleen Mansfield
NTEE Category
Code: P60 - Human services
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