Overview
What is Threaded Fasteners Charitable Found?
Threaded Fasteners Charitable Found is a charitable organization situated in Mobile, Alabama, with a mission to better the lives of those they serve. This nonprofit receives donations and distributes grants to other non-profit organizations, operating with the objective of charitable and educational improvement. The foundation's primary activity involves participating in various initiatives that contribute to the betterment of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Threaded Fasteners Charitable Fund has received a score of 73%, reflecting a focus on accountability and financial management. The rating is determined solely by one beacon score, indicating a strong emphasis on fiscal responsibility and transparency.
The organization showcases several strengths in its operations. It boasts a fully independent board, with all members demonstrating commitment to governance, and has achieved a perfect score for documenting board meeting minutes. Additionally, the fund has a notable program expense ratio of 99.47%, suggesting that it allocates most of its resources directly to its charitable programs.
However, despite these positive attributes, the overall two-star rating indicates that there may be areas for improvement. While the accountability metrics reflect solid governance practices, potential donors may consider the single beacon score as a limitation in understanding the full scope of the organization's impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Threaded Fasteners Charitable Found legitimate?
Threaded Fasteners Charitable Found is a legitimate nonprofit organization registered as a 501(c)(3) entity. Threaded Fasteners Charitable Found 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
For more financial information, click here
What is the mission statement of Threaded Fasteners Charitable Found?
The Threaded Fasteners Charitable Foundation is established for charitable and educational purposes, primarily focusing on enhancing and improving the lives of the individuals it serves. The organization's mission involves receiving donations and distributing grants to other non-profit organizations. By doing so, it contributes to various causes, aiming to bring about positive changes and betterment in the lives of many.
Who is the CEO of Threaded Fasteners Charitable Found?
William Duren Jr is the Director of Threaded Fasteners Charitable Found.
What is the revenue of Threaded Fasteners Charitable Found?
Threaded Fasteners Charitable Found's revenue in 2022 was $83,426.
Who are the executives of Threaded Fasteners Charitable Found 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 Threaded Fasteners Charitable Found?
Threaded Fasteners Charitable Found's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Threaded Fasteners Charitable Found
Threaded Fasteners Charitable Foundation is established with a noble mission, dedicated to serving the community for charitable and educational purposes. By actively participating in the improvement and betterment of people's lives, the foundation seeks to make a positive impact. Its primary objective is to collect donations and distribute grants to various non-profit organizations, thereby extending its reach and influence in charitable works. The foundation's mission is to contribute to the well-being of the community, working towards a more compassionate and supportive society.
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Impact
October, 2024
Threaded Fasteners Charitable Found significantly enhances the lives of individuals and communities by providing essential financial support to various nonprofit organizations. Through the distribution of grants, it empowers groups focused on charitable and educational initiatives, fostering growth, development, and improved quality of life for those in need. Based in Mobile, Alabama, the foundation plays a crucial role in promoting philanthropy by ensuring that resources are allocated to impactful programs that address critical issues in the communities it serves. By facilitating these connections and contributions, the foundation actively participates in the betterment of society, making a tangible difference in the lives of many.
This information is meant to be a general summary of Threaded Fasteners Charitable Found. 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: -$115
- Gross Receipts: $86,742
Assets and Liabilities:
- Total Assets: $16,073
- Total Liabilities: $0
- Net Assets: $16,073
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Organization Details
Founding Year
2011
Phone
(251) 432-0107Principal Officer
William Duren Jr
Main Address
3200 CRICHTON STREET, MOBILE, AL, 36607
NTEE Category
Code: T30 - Philanthropy
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