Overview
What is Frack Action Fund Inc?
Frack Action Fund Inc is a nonprofit organization based in Highland, New York, with approximately three employees. Their primary mission is to educate the public about the potential risks associated with high-volume hydraulic fracturing (fracking) and other gas and oil extraction processes, as well as various energy industry practices, environmental sustainability, and renewable energy sources. Through their research and outreach efforts, they aim to promote a safer and more sustainable energy future.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Frack Action Fund Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The charity's overall score is derived solely from its Accountability & Finance score, which stands at an impressive 94%. This high rating indicates that the organization effectively manages its resources and adheres to best practices in financial transparency.
One of the key strengths of Frack Action Fund Inc is its commitment to maintaining an independent board, with 100% of its members being independent. This governance structure contributes to a lack of material diversion of assets and robust policies in place, such as their conflict of interest and whistleblower policies. Such measures reinforce the organization's integrity and commitment to ethical standards.
Additionally, the organization demonstrates a solid financial foundation with a low liabilities to assets ratio of 3.37% and a high program expense ratio of 82.90%. This suggests that the majority of its funds are directed towards its programs rather than administrative costs, enhancing its effectiveness in achieving its mission. Overall, the data reflects a well-managed organization with a strong focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Frack Action Fund Inc legitimate?
Frack Action Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frack Action Fund 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: $83,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,354
For more financial information, click here
What is the mission statement of Frack Action Fund Inc?
Frack Action Fund Inc aims to educate the public on the potential hazards associated with high-volume hydraulic fracturing and other gas and oil extraction processes, as well as various energy industry practices. The organization focuses on environmental sustainability and the promotion of renewable energy sources, with a specific project dedicated to researching and informing about the hazards of fracking and alternative renewable energy sources that protect the environment.
Who is the CEO of Frack Action Fund Inc?
Roger Downs is the Executive Dir. of Frack Action Fund Inc.
What is the revenue of Frack Action Fund Inc?
Frack Action Fund Inc's revenue in 2022 was $427,250.
Who are the executives of Frack Action Fund Inc and what are their salaries?
The average compensation at Frack Action Fund Inc during 2022 was $41,374. There are 3 employees at Frack Action Fund Inc.
Here are 4 key members and their salaries:
- Compensation: $83,769
- Related: $0
- Other: $0
- 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 Frack Action Fund Inc?
Frack Action Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Frack Action Fund Inc
Frack Action Fund Inc, a nonprofit organization, is dedicated to raising awareness and educating the public about the potential hazards associated with high-volume hydraulic fracturing and other gas and oil extraction processes, as well as various energy industry practices that may impact the environment. The organization's primary mission is to research and disseminate information on these topics, striving to promote environmental sustainability and the exploration of renewable energy sources.
In particular, Frack Action Fund Inc is engaged in a project known as the Fracking Education Project. Through this initiative, the organization seeks to inform the public about the risks of high-volume hydraulic fracturing and the benefits of alternative, renewable energy sources that prioritize environmental protection. By shedding light on these issues, the organization aims to contribute to informed decision-making and responsible energy policies.
In summary, Frack Action Fund Inc is a nonprofit organization that works to educate the public about the potential hazards of hydraulic fracturing and other energy industry practices, while promoting environmental sustainability and the exploration of renewable energy sources. Through their Fracking Education Project, they strive to inform the public and facilitate informed decision-making regarding energy policies.
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Impact
June, 2024
Frack Action Fund Inc conducts research and informs the public about the hazards of high-volume hydraulic fracturing (fracking) and other gas and oil extraction processes, as well as other energy industry practices. They also focus on promoting environmental sustainability and renewable energy sources through their education initiatives. The organization's impact lies in raising awareness about the risks associated with fracking and advocating for alternative energy sources that protect the environment.
This information is meant to be a general summary of Frack Action Fund 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: $427,250
Assets and Liabilities:
- Total Assets: $85,520
- Total Liabilities: $2,884
- Net Assets: $82,636
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Organization Details
Founding Year
2011
Phone
(518) 322-2978Principal Officer
Roger Downs
Main Address
PO BOX 1443, HIGHLAND, NY, 12528
NTEE Category
Code: C35 - Environment
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