Overview
What is Sti Group Foundation?
The STI Group Foundation is a nonprofit organization dedicated to providing charitable assistance. They offer grants, donations, and scholarships to help individuals and families overcome medical hardships, personal financial struggles, and other challenging circumstances such as funeral expenses and disaster relief. Their initiatives extend beyond medical assistance, also offering scholarships to support those in need. The foundation's mission is to alleviate various financial burdens, ensuring that individuals and families receive the help they require during challenging times.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star Rating
The Sti Group Foundation has received a low rating of 53% from Charity Navigator, reflecting concerns regarding its accountability and financial practices. The organization has a 0% score for having independent board members, which raises questions about governance and oversight. Although there is no reported material diversion of assets, the absence of critical policies such as conflict of interest and whistleblower protection suggests a lack of structural safeguards.
On the positive side, the foundation demonstrates a commendable program expense ratio of 100%, indicating that all of its expenses are allocated towards its programs. Additionally, the liabilities to assets ratio is 0.00%, showing that the organization does not have debts compared to its assets. However, the missing policies and lack of independent oversight may undermine stakeholder confidence in its operations.
Overall, while the Sti Group Foundation is committed to its programs financially, the significant gaps in governance and accountability measures could potentially limit its effectiveness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Sti Group Foundation legitimate?
Sti Group Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sti Group Foundation 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 Sti Group Foundation?
The Sti Group Foundation is dedicated to offering charitable aid, primarily through grants, donations, and scholarships. This assistance is intended to alleviate various financial burdens, such as medical emergencies, personal hardships, funeral expenses, and disaster relief. The foundation's mission is to provide this help, ensuring that individuals in need receive the necessary support during challenging times.
Who is the CEO of Sti Group Foundation?
Richard Broussard is the President of Sti Group Foundation.
What is the revenue of Sti Group Foundation?
Sti Group Foundation's revenue in 2022 was $71,322.
Who are the executives of Sti Group Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Sti Group Foundation?
Sti Group Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sti Group Foundation
The STI Group Foundation is dedicated to offering charitable aid through grants, donations, and scholarships. This nonprofit organization focuses on alleviating medical and personal hardships, as well as providing assistance during times of financial burden, such as during funerals and in the aftermath of disasters. In line with its mission, the STI Group Foundation offers various programs, including providing medical assistance, offering scholarships for personal hardships, and aiding in other financial matters.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The STI Group Foundation has a significant impact on individuals facing medical and personal hardships, as well as those dealing with financial burdens such as funerals and disaster relief. Through its grants, donations, and scholarships, the foundation provides much-needed assistance to those in need. By offering support for medical expenses, personal hardships, and other financial challenges, the foundation plays a crucial role in improving the lives of individuals and communities.
This information is meant to be a general summary of Sti Group Foundation. 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.
- Gross Receipts: $71,322
Assets and Liabilities:
- Total Assets: $108,077
- Total Liabilities: $0
- Net Assets: $108,077
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(409) 994-3570Principal Officer
Richard Broussard
Main Address
35911 Highway 96 South, Buna, TX, 77612
NTEE Category
Code: T12 - Philanthropy
If you are a representative of Sti Group Foundation 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.