Overview
What is Tower Industry Family Support Charitable Foundation?
The Tower Industry Family Support Charitable Foundation, situated in Watertown, South Dakota, is a nonprofit organization that extends financial aid to the families of tower workers who have suffered severe injuries, permanent disabilities, or unfortunate deaths. These incidents typically occur due to accidents that take place while working at heights on communication structures or other job-related activities that tower workers regularly engage in. The foundation's mission is to provide this much-needed financial assistance to help these families during their challenging times.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Tower Industry Family Support Charitable Foundation has achieved a solid rating of 83%, reflecting its overall effectiveness and credibility in the nonprofit sector. The organization excels particularly in leadership and adaptability, scoring a perfect 100 in this area, which indicates a strong capacity for change and responsiveness. Its program expense ratio of 85.56% suggests that a significant portion of its funds is dedicated directly to its charitable programs.
Additionally, the charity demonstrates strong governance practices, with a board composed entirely of independent members and comprehensive policies in place, including conflict of interest and whistleblower protections. However, it falls short in transparency, as its tax form is missing from its website, which is a critical aspect for potential donors looking for accountability.
Overall, while the Tower Industry Family Support Charitable Foundation shows strengths in leadership and financial management, the lack of posted financial documents may raise concerns for some stakeholders regarding transparency and accessibility of information.
This AI summary has been generated from information found on Charity Navigator.
Is Tower Industry Family Support Charitable Foundation legitimate?
Tower Industry Family Support Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tower Industry Family Support Charitable 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.
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What is the mission statement of Tower Industry Family Support Charitable Foundation?
The Tower Industry Family Support Charitable Foundation's mission is centered around providing financial aid to the family members of severely injured, permanently disabled, or deceased tower workers. This aid is extended to families whose loved ones have been affected due to accidents occurring while working at heights on communications structures or engaging in other job-related activities commonly encountered by tower workers on a daily basis. The foundation aims to offer a financial lifeline during these challenging times, thereby providing support and alleviating some of the hardships faced by these families.
Who is the CEO of Tower Industry Family Support Charitable Foundation?
Jim Tracy is the President of Tower Industry Family Support Charitable Foundation.
What is the revenue of Tower Industry Family Support Charitable Foundation?
Tower Industry Family Support Charitable Foundation's revenue in 2022 was $1,344,767.
Who are the executives of Tower Industry Family Support Charitable Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Tower Industry Family Support Charitable Foundation?
Tower Industry Family Support Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tower Industry Family Support Charitable Foundation
The Tower Industry Family Support Charitable Foundation is dedicated to offering financial aid to the families of tower workers who have suffered severe injuries, permanent disabilities, or fatalities. These incidents often occur due to accidents that take place while working at heights on communications structures or other tasks that are part of their daily responsibilities. The foundation's mission is to provide a much-needed financial cushion during such challenging times, alleviating the financial burden that often accompanies such tragedies. By offering this assistance, the Tower Industry Family Support Charitable Foundation aims to provide a measure of support and relief to the affected families, allowing them to focus on their emotional well-being and recovery during this difficult period.
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Impact
July, 2024
The impact of Tower Industry Family Support Charitable Foundation is significant as it provides crucial financial assistance to the family members of severely injured, permanently disabled, or deceased tower workers. This support is especially vital in cases where the injuries or fatalities occur as a result of working at great heights on communication structures or other job-related activities that tower workers are involved in daily. By offering financial aid to these families, the foundation helps alleviate the financial burden and provides much-needed support during challenging times. This assistance contributes to the well-being and stability of the affected families, ensuring they have the resources they need to navigate difficult circumstances.
This information is meant to be a general summary of Tower Industry Family Support Charitable 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.
- Investment Income: -$19,668
- Gross Receipts: $2,252,692
Assets and Liabilities:
- Total Assets: $4,038,557
- Total Liabilities: $0
- Net Assets: $4,038,557
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Organization Details
Founding Year
2013
Phone
(605) 882-5868Principal Officer
Jim Tracy
Main Address
8 2ND ST SE, WATERTOWN, SD, 57201
NTEE Category
Code: E12 - Health
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