Overview
What is Srs Raise The Roof Foundation Inc?
Srs Raise The Roof Foundation Inc is a charitable organization, based in McKinney, Texas, with a sole mission to enhance local communities. Operating under Section 501(C)(3) of the Internal Revenue Code and the Texas Tax Code Section 11.18, the foundation's primary goal is to distribute funds and resources to eligible organizations. These eligible organizations are exempt from federal income taxation, as they provide direct human, health, and welfare services. The foundation achieves this objective by organized solicitation and collection for distributions through gifts and grants, as well as agreements with these eligible organizations. Their purpose is to uplift and support their local communities by contributing to the work of these charitable entities.
Official website here: www.srsraisetherooffoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Stars)
Srs Raise The Roof Foundation Inc has received a Two-Star rating from Charity Navigator, indicating moderate performance, particularly in the area of accountability and finance. The overall score is based entirely on financial metrics, reflecting a strong emphasis on financial management and transparency. However, the absence of essential policies such as a conflict of interest policy, whistleblower policy, and document retention guidelines has negatively impacted its score.
The organization shows strengths in several areas, with 100% of its board members being independent and a high program expense ratio of 98.73%, suggesting that most funds are directed towards its charitable activities. Additionally, there are no reported material diversions of assets, which highlights sound financial practices. Its liabilities to assets ratio is also notably low at 1.04%, indicating a solid financial position.
Despite these positive indicators, the lack of certain governance policies raises concerns about the organization's accountability framework. Stakeholders may want to consider these factors when evaluating the foundation's overall effectiveness and commitment to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is Srs Raise The Roof Foundation Inc legitimate?
Srs Raise The Roof Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Srs Raise The Roof 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,367
For more financial information, click here
Official website here: www.srsraisetherooffoundation.org/
What is the mission statement of Srs Raise The Roof Foundation Inc?
The Srs Raise The Roof Foundation Inc operates solely for charitable, educational, and scientific purposes, falling under Section 501(C)(3) of the Internal Revenue Code and the Texas Tax Code Section 11.18. Its primary goal is to enhance the communities where Srs Distribution Inc operates, by raising funds through organized solicitations and collections. These funds are then distributed as gifts, grants, and agreements to eligible organizations, which provide direct human, health, and welfare services. The foundation aims to perpetuate its purposes even in the event of dissolution, by distributing all assets to other eligible organizations. The term "eligible organizations" refers to those exempt from federal income taxation, as described in Section 501(C)(3) of the Internal Revenue Code, or as a corporation contributions to.
Official website here: www.srsraisetherooffoundation.org/
Who is the CEO of Srs Raise The Roof Foundation Inc?
Mikell Bollinger is the Executive Di of Srs Raise The Roof Foundation Inc.
Official website here: www.srsraisetherooffoundation.org/
What is the revenue of Srs Raise The Roof Foundation Inc?
Srs Raise The Roof Foundation Inc's revenue in 2022 was $2,163,760.
Official website here: www.srsraisetherooffoundation.org/
Who are the executives of Srs Raise The Roof Foundation Inc and what are their salaries?
The average compensation at Srs Raise The Roof Foundation Inc during 2022 was $88,367. There is 1 employee at Srs Raise The Roof Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $88,367
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Official website here: www.srsraisetherooffoundation.org/
Where can I find the form 990 for Srs Raise The Roof Foundation Inc?
Srs Raise The Roof Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.srsraisetherooffoundation.org/
Learn more at the official website: www.srsraisetherooffoundation.org/
Mission Statement of Srs Raise The Roof Foundation Inc
Srs Raise The Roof Foundation Inc is dedicated to serving its communities with charitable, educational, and scientific purposes, aligning with the guidelines set by Section 501(C)(3) of the Internal Revenue Code 1986 and the Texas Tax Code Section 11.18. The organization's primary goal is to perpetuate these objectives, even in the event of dissolution, by distributing its assets to eligible organizations that offer direct human, health, and welfare services.
The foundation's specific purpose is to enhance the communities it operates in by strategically collecting funds through solicitations, grants, and agreements. By partnering with eligible organizations described in Section 501(C)(3) of the Internal Revenue Code or as a corporation contributions to, Srs Raise The Roof Foundation Inc supports organizations that provide vital human, health, and welfare services directly to the public. By doing so, the foundation aims to contribute to the overall betterment of the communities it serves.
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Impact
July, 2024
Srs Raise The Roof Foundation Inc’s impact can be seen in the enhancement of the communities where Srs Distribution Inc operates. By organizing the solicitation and collection of gifts, grants, and agreements with eligible organizations, the foundation directly supports human services, health, and welfare initiatives. This work not only benefits individuals in need but also contributes to the overall betterment of society.
This information is meant to be a general summary of Srs Raise The Roof 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: $230
- Program Service Revenue: $1,156,420
- Gross Receipts: $2,163,760
Assets and Liabilities:
- Total Assets: $11,968,995
- Total Liabilities: $125,000
- Net Assets: $11,843,995
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOLF TOURNAMENT
Revenue
$581,893
INTERNATIONAL ROOFING EXPO
Revenue
$229,487
HERITAGE CARES POOL
Revenue
$148,522
HERITAGE CARES LANDSCAPE
Revenue
$82,501
LAS VEGAS BOWL
Revenue
$58,745
Organization Details
Founding Year
2012
Phone
(469) 424-2232Principal Officer
Mikell Bollinger
Main Address
7440 STATE HIGHWAY 121, MCKINNEY, TX, 75070
NTEE Category
Code: P20 - Human services
If you are a representative of Srs Raise The Roof Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.