Overview
What is F3 Foundation Inc?
F3 Foundation Inc, located in Charlotte, North Carolina, is a nonprofit organization with a single employee. Its primary objective is to support and sustain its own operations while also contributing to the growth and impact of F3 Nation. To achieve this, the foundation raises funds and disperses them as grants. The aim is to invigorate male community leadership, ultimately accelerating F3 Nation's mission. Despite having a small team, F3 Foundation Inc plays a significant role in enhancing the reach and influence of F3 Nation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star Rating
The F3 Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. While the organization has a high score for having a fully independent board and strong program expense ratio of 74.77%, it lacks essential financial transparency elements, including the provision of financial statements and several key policies.
Strengths of F3 Foundation include its independent governance, which is comprised entirely of independent members, and a strong commitment to utilizing its resources effectively for programs. However, the absence of financial statements and missing policies such as conflict of interest and whistleblower protections raise concerns about its overall transparency and governance practices.
Overall, while F3 Foundation demonstrates some positive attributes, the lack of critical documentation and policies indicates areas for improvement in operational transparency and accountability that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is F3 Foundation Inc legitimate?
F3 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. F3 Foundation 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: $136,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of F3 Foundation Inc?
The F3 Foundation's mission is centered around accelerating the impact and mission of F3 Nation through generosity. This is achieved by raising funds to ensure the operational sustainability of both the foundation and F3 Nation. Furthermore, the funds are also distributed as grants to amplify their influence, specifically through the stimulation of male community leadership.
Who is the CEO of F3 Foundation Inc?
John Horton is the Executive Di of F3 Foundation Inc.
What is the revenue of F3 Foundation Inc?
F3 Foundation Inc's revenue in 2022 was $621,150.
Who are the executives of F3 Foundation Inc and what are their salaries?
The average compensation at F3 Foundation Inc during 2022 was $136,250. There is 1 employee and 200 volunteers at F3 Foundation Inc.
Here are 10 key members and their salaries:
- Compensation: $136,250
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Where can I find the form 990 for F3 Foundation Inc?
F3 Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of F3 Foundation Inc
The F3 Foundation exists with a mission to accelerate the impact and mission of F3 Nation through generosity. Their primary objective is to provide financial support, ensuring the operational sustainability of both the foundation and F3 Nation itself. Beyond this, the F3 Foundation distributes funds as grants, aiming to enhance their influence and achieve increased impact. By invigorating male community leadership, they strive to make a significant difference in their respective fields.
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Impact
July, 2024
F3 Foundation Inc's impact is centered around accelerating F3 Nation's mission and impact through generosity. By raising funds to ensure operational sustainability for both itself and F3 Nation, the foundation has been able to disperse grants to invigorate male community leadership and achieve increased impact. This strategic approach to funding has had a tangible effect on the human services sector, particularly in the city of Charlotte, North Carolina.
This information is meant to be a general summary of F3 Foundation 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.
- Investment Income: $10,588
- Gross Receipts: $623,132
Assets and Liabilities:
- Total Assets: $543,245
- Total Liabilities: $34,460
- Net Assets: $508,785
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Organization Details
Founding Year
2012
Phone
(704) 255-5141Principal Officer
John Horton
Main Address
7845 COLONY ROAD C4-202, CHARLOTTE, NC, 28226
NTEE Category
Code: P12 - Human services
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