Overview
What is Memphis Police Association Charitable Foundation?
The Memphis Police Association Charitable Foundation is a nonprofit organization situated in Memphis, Tennessee. They are committed to supporting vulnerable individuals and other organizations within their local community. Their primary mission is to provide financial aid and volunteer services to enrich the lives of those residing in and benefiting from the area, where Memphis Police Association members reside and serve. They extend their support through monetary donations, thereby contributing to the well-being of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating. This rating indicates significant concerns regarding the Memphis Police Association Charitable Foundation's accountability and financial practices. The low score primarily arises from the lack of independent board members and the absence of essential policies, which are critical for transparency and governance.
The foundation’s strengths include a high program expense ratio of 97.57%, indicating that a substantial portion of its resources is directed towards its programs rather than administrative costs. Additionally, it has no material diversion of assets and a favorable liabilities to assets ratio, suggesting a stable financial footing in certain areas.
However, the organization faces serious limitations, notably the complete absence of independent board members, which raises concerns about governance and oversight. Essential policies such as conflict of interest and whistleblower protections are missing, as well as the website listing on tax forms. These shortcomings point to a need for improvement in transparency and accountability measures to enhance trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Police Association Charitable Foundation legitimate?
Memphis Police Association Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Police Association Charitable 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Memphis Police Association Charitable Foundation?
The Memphis Police Association Charitable Foundation's mission is to serve and contribute to the communities resided in and served by its members in Memphis/Shelby County and its surroundings. They achieve this by offering monetary donations and volunteer service. The primary objective of the foundation is to provide financial aid to needy individuals and support other organizations operating within the Memphis area.
Who is the CEO of Memphis Police Association Charitable Foundation?
Jeremy White is the Program Manager of Memphis Police Association Charitable Foundation.
What is the revenue of Memphis Police Association Charitable Foundation?
Memphis Police Association Charitable Foundation's revenue in 2022 was $129,347.
Who are the executives of Memphis Police Association Charitable Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Memphis Police Association Charitable Foundation?
Memphis Police Association Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Memphis Police Association Charitable Foundation
The Memphis Police Association Charitable Foundation is dedicated to serving the communities proudly lived in and served by its members in Memphis/Shelby County and its surrounding areas. It achieves this mission by providing monetary donations and volunteering its time and resources. The foundation's primary goal is to offer financial support to individuals and organizations in need within the Memphis area. By doing so, it aims to contribute positively to the well-being of its community, reflecting the values and commitment of the Memphis Police Association members.
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Impact
October, 2024
The Memphis Police Association Charitable Foundation significantly impacts the Memphis and Shelby County communities through monetary donations and dedicated service. By providing financial support to individuals in need and assisting various local organizations, the foundation fosters community well-being and resilience. Its mission is centered on uplifting the neighborhoods that Memphis Police Association members proudly serve, ensuring that the foundation's efforts directly benefit those living and working in the area. Through these initiatives, the foundation plays a vital role in enhancing the quality of life for residents and promoting a spirit of philanthropy throughout the region.
This information is meant to be a general summary of Memphis Police Association Charitable 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 2022.
- Gross Receipts: $175,967
Assets and Liabilities:
- Total Assets: $151,267
- Total Liabilities: $0
- Net Assets: $151,267
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Organization Details
Founding Year
2011
Phone
(901) 523-7075Principal Officer
Jeremy White
Main Address
638 JEFFERSON AVE, MEMPHIS, TN, 381054912
NTEE Category
Code: T20 - Philanthropy
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