Overview
What is Woodford Manufacturing Charities Inc?
Woodford Manufacturing Charities Inc is a philanthropic organization situated in Colorado Springs, Colorado. Their primary mission is to collect donations from Woodford Manufacturing Company and its employees, which they subsequently distribute to various local tax-exempt charities. These chosen charities fall into three distinct categories: basic needs, self-sufficiency, and child development. By doing so, they aim to support communities by addressing fundamental necessities, fostering self-reliance, and promoting the growth and wellbeing of children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 71%)
Woodford Manufacturing Charities Inc demonstrates some strengths in its operations, notably a high percentage of independent board members and effective oversight of financial statements, scoring full points in several accountability measures. The organization has a solid program expense ratio, indicating that all its resources are directed towards its mission. This suggests a dedicated approach to fulfilling its charitable objectives.
However, the nonprofit faces significant challenges in transparency and governance. It lacks key policies, such as a whistleblower and document retention policy, which are crucial for maintaining accountability and ethical standards. Additionally, the absence of a posted tax form on its website further diminishes its transparency.
Financially, the organization has a liabilities to assets ratio of 100%, which raises concerns about its fiscal health and sustainability. This aspect, combined with the missing governance policies, contributes to its overall "Needs Improvement" rating, indicating that while Woodford Manufacturing Charities Inc is committed to its mission, there are critical areas needing attention for better accountability and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Woodford Manufacturing Charities Inc legitimate?
Woodford Manufacturing Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woodford Manufacturing Charities 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
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What is the mission statement of Woodford Manufacturing Charities Inc?
Woodford Manufacturing Charities Inc. has a mission to collect funds from the Woodford Manufacturing Company and its employees, and then distribute these contributions to selected local tax-exempt charities. The chosen charities fall into three distinct categories: basic needs, self-sufficiency, and child development. The organization's goal is to provide support in these areas, aiming to improve the lives of individuals and communities within its reach. By distributing funds to these charities, Woodford Manufacturing Charities Inc. seeks to make a tangible impact on the well-being of those in need, focusing on essential needs, self-reliance, and the development of children.
Who is the CEO of Woodford Manufacturing Charities Inc?
Kevin Fink is the President/Director of Woodford Manufacturing Charities Inc.
What is the revenue of Woodford Manufacturing Charities Inc?
Woodford Manufacturing Charities Inc's revenue in 2022 was $665,336.
Who are the executives of Woodford Manufacturing Charities Inc 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 Woodford Manufacturing Charities Inc?
Woodford Manufacturing Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Woodford Manufacturing Charities Inc
Woodford Manufacturing Charities Inc, a nonprofit organization, is dedicated to collecting funds from Woodford Manufacturing Company and its employees. The primary objective of these contributions is to support local tax-exempt charities that fall into three distinct categories: basic needs, self-sufficiency, and child development. By distributing these funds to these charities, Woodford Manufacturing Charities Inc aims to contribute to the overall well-being and development of the community, focusing on essential needs, empowerment, and future generations. The charities chosen by Woodford Manufacturing Charities Inc play a vital role in addressing various societal issues, ensuring that individuals and families have access to basic necessities, the tools to become self-sufficient, and opportunities for children to thrive and grow.
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Impact
July, 2024
Woodford Manufacturing Charities Inc's impact is significant in the local community of Colorado Springs, CO. By collecting contributions from Woodford Manufacturing Company and its employees, the organization is able to distribute these funds to selected local tax-exempt charities that focus on basic needs, self-sufficiency, and child development. This model ensures that the money raised is channeled towards supporting critical areas such as addressing basic necessities, fostering self-reliance, and promoting the well-being of children. Woodford Manufacturing Charities Inc plays a vital role in enhancing human services and making a tangible difference in the lives of those in need in the community.
This information is meant to be a general summary of Woodford Manufacturing Charities 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.
- Gross Receipts: $665,336
Assets and Liabilities:
- Total Assets: $20,575
- Total Liabilities: $20,575
- Net Assets: $0
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Organization Details
Founding Year
2002
Phone
(719) 574-0600Principal Officer
Kevin Fink
Main Address
2121 WAYNOKA ROAD, COLORADO SPRINGS, CO, 80915
NTEE Category
Code: P12 - Human services
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