Overview
What is William C Webb Jr Foundation Inc?
The William C Webb Jr Foundation Inc, located in Boca Raton, Florida, is a charitable and educational organization, as per the Internal Revenue Code section 501(C)(3). Its primary mission is to support other nonprofit organizations, contributing to their causes. The foundation is dedicated to distributing funds to organizations that share similar charitable and educational objectives, aiming to make a positive impact in their respective fields. The specific activities or programs undertaken by the foundation remain undisclosed in the provided information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
The William C Webb Jr Foundation Inc has received a Two-Star rating, indicating that while it demonstrates some positive aspects in accountability and finance, there are areas where it could improve. The foundation scored well in various metrics, particularly in having a majority of independent board members and a strong liabilities to assets ratio, which reflects sound financial health.
The foundation's program expense ratio is notably high at 100%, suggesting that all of its expenses are directed towards its programs, which is a positive sign for potential donors regarding the efficiency of its operations. Additionally, the organization shows strong governance practices, such as maintaining a conflict of interest policy and documenting board meeting minutes.
However, the overall rating of 71% indicates that there may be limitations in other areas of performance or transparency that could benefit from further enhancement. While it has established a solid foundation in governance, continued improvement in financial accountability and effectiveness could help elevate its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is William C Webb Jr Foundation Inc legitimate?
William C Webb Jr Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. William C Webb Jr 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: $0
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What is the mission statement of William C Webb Jr Foundation Inc?
The William C Webb Jr Foundation Inc is established for charitable and educational purposes. It operates with the objective of making distributions to organizations that fall under Section 501(C)(3) of the Internal Revenue Code. The foundation's role primarily involves supporting charitable and educational activities through the allocation of funds to eligible organizations.
Who is the CEO of William C Webb Jr Foundation Inc?
William C Webb Jr is the President of William C Webb Jr Foundation Inc.
What is the revenue of William C Webb Jr Foundation Inc?
William C Webb Jr Foundation Inc's revenue in 2022 was $1,865,375.
Who are the executives of William C Webb Jr Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for William C Webb Jr Foundation Inc?
William C Webb Jr Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of William C Webb Jr Foundation Inc
The William C Webb Jr Foundation Inc, as outlined in the provided information, is an organization that is established solely for charitable and educational purposes. Its mission is centered around making distributions to other organizations that fall under Section 501(C)(3) of the Internal Revenue Code. This means that the foundation's primary focus is on contributing to the betterment of society and promoting education, with a significant portion of its resources directed towards supporting other nonprofit organizations. The William C Webb Jr Foundation Inc serves as a vital source of financial assistance and resources, helping these organizations in their pursuit of their own charitable and educational objectives.
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Impact
July, 2024
The William C Webb Jr Foundation Inc has made a significant impact by supporting charitable and educational initiatives. By making distributions to organizations under section 501(c)(3) of the Internal Revenue Code, the foundation has contributed to various causes and projects aimed at improving society. Their mission to support charitable and educational purposes has undoubtedly made a positive difference in the community and beyond.
This information is meant to be a general summary of William C Webb Jr 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: $1,322,998
- Program Service Revenue: $542,377
- Gross Receipts: $3,563,581
Assets and Liabilities:
- Total Assets: $7,209,015
- Total Liabilities: $731,139
- Net Assets: $6,477,876
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$529,877
COMMERCIAL BLDG 16290 NW 13
Revenue
$12,500
Organization Details
Founding Year
2014
Phone
(305) 934-6263Principal Officer
William C Webb Jr
Main Address
17230 BRULEE BREEZE WAY, BOCA RATON, FL, 33496
NTEE Category
Code: Z99 - Unknown
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