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Sonic Automotive Family Emergency Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454088424 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

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Overview

What is Sonic Automotive Family Emergency Fund?

The Sonic Automotive Family Emergency Fund is a charitable initiative based in Charlotte, North Carolina. This nonprofit organization extends financial aid to eligible employees and their family members who have encountered hardships due to natural disasters or medical emergencies. In total, the fund has disbursed 155 grants to assist those in need, with 91 of these grants specifically going to employees and their family members who have been affected by such circumstances. The Sonic Automotive Family Emergency Fund is dedicated to providing support during challenging times for its workforce.

Is Sonic Automotive Family Emergency Fund legitimate?

Sonic Automotive Family Emergency Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sonic Automotive Family Emergency Fund submitted a form 990EZ, 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.

What is the mission statement of Sonic Automotive Family Emergency Fund?

The mission of the Sonic Automotive Family Emergency Fund is to offer financial aid to eligible employees and their immediate family members who have been affected by unforeseen circumstances such as natural disasters or medical emergencies. By providing grants, the fund aims to alleviate the financial burden during these challenging times, demonstrating a commitment to the well-being of its employees and their families. As of the provided data, the organization has issued 155 grants, with 91 going towards assisting individuals impacted by natural disasters or medical emergencies.

Who is the CEO of Sonic Automotive Family Emergency Fund?

Melanie Stewart is the Treasurer of Sonic Automotive Family Emergency Fund.

What is the revenue of Sonic Automotive Family Emergency Fund?

Sonic Automotive Family Emergency Fund's revenue in 2022 was $196,980.

Who are the executives of Sonic Automotive Family Emergency Fund and what are their salaries?


Here are 6 key members and their salaries:


Stephen K Coss (President / Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David B Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heath R Byrd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Dyke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melanie Stewart (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynne Foresman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Sonic Automotive Family Emergency Fund?

Sonic Automotive Family Emergency Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Sonic Automotive Family Emergency Fund

The Sonic Automotive Family Emergency Fund is an organization that extends financial aid to eligible employees and their immediate family members who have been impacted by catastrophic natural disasters or unexpected medical emergencies. This nonprofit undertakes this mission by issuing grants to individuals in need, demonstrating its commitment to providing assistance during challenging times. In the past year, the fund has distributed 155 grants, with 91 of these going to qualified employees and their family members who have been affected by such adversities.

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Impact




October, 2024

The Sonic Automotive Family Emergency Fund has made a significant impact by providing essential financial assistance to employees and their immediate family members facing the devastating effects of natural disasters or medical emergencies. By issuing a total of 155 grants, the fund has directly supported 91 individuals and families in critical need, helping them navigate challenging times. This aid not only alleviates immediate financial burdens but also fosters a sense of community and support among employees in Charlotte, NC, who may be experiencing some of life's toughest challenges. The fund's commitment to helping those affected underscores the importance of caring for one another in times of crisis.




This information is meant to be a general summary of Sonic Automotive Family Emergency Fund. 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.

Revenue
$196,980 (2022)
Expenses
$315,330 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $196,980

Assets and Liabilities:

  • Total Assets: $324,315
  • Total Liabilities: $0
  • Net Assets: $324,315

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Organization Details

Principal Officer

Melanie Stewart

Main Address

4401 COLWICK ROAD, CHARLOTTE, NC, 28211

NTEE Category

Code: P60 - Human services

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