Overview
What is Russvegas Foot Races Foundation?
The Russvegas Foot Races Foundation is a charitable organization, specifically based on funding medical expenses for underprivileged children. They achieve this goal by granting funds to AR Children's Hospital. The foundation generates income through the generous donations made during race registrations and the revenue generated from racing events themselves. This nonprofit organization plays a vital role in providing essential medical assistance to children who might otherwise lack the necessary financial resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
The Russvegas Foot Races Foundation has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its overall accountability and financial management. The foundation achieved an overall score of only 40%, reflecting potential issues in its operational transparency and effectiveness.
Despite some positive aspects, such as having a fully independent board and no liabilities, the organization struggles with critical governance components. It scored poorly in areas such as whistleblower and document retention policies, which are essential for ensuring accountability and safeguarding donor trust. Furthermore, the program expense ratio is reported at 0.00%, suggesting that funds may not be directed towards the intended programs.
Overall, while the foundation exhibits some strengths in governance, the lack of essential policies and the overall low score raise questions about its effectiveness and reliability as a nonprofit organization. Stakeholders should approach with caution and consider these factors when deciding to engage with or support the foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Russvegas Foot Races Foundation legitimate?
Russvegas Foot Races Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Russvegas Foot Races 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: $12,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Russvegas Foot Races Foundation?
The Russvegas Foot Races Foundation is dedicated to supporting underprivileged children by providing financial aid for their medical expenses. They accomplish this by making grants to AR Children's Hospital, which they fund through race entry donations and revenue generated from racing events. The organization's primary goal is to alleviate the financial burden of medical treatment for these children, ensuring they receive necessary care. The foundation's efforts aim to contribute positively to the lives of these children, improving their overall well-being.
Who is the CEO of Russvegas Foot Races Foundation?
Chris Olson is the Chairman of Russvegas Foot Races Foundation.
What is the revenue of Russvegas Foot Races Foundation?
Russvegas Foot Races Foundation's revenue in 2022 was $51,909.
Who are the executives of Russvegas Foot Races Foundation and what are their salaries?
There 150 volunteers at Russvegas Foot Races Foundation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Russvegas Foot Races Foundation?
Russvegas Foot Races Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Russvegas Foot Races Foundation
The Russvegas Foot Races Foundation is dedicated to supporting underprivileged children by covering their medical expenses. This nonprofit organization accomplishes this mission by making grants to AR Children's Hospital. The source of their funding is primarily derived from race entry donations and revenue generated from racing events. The Russvegas Foot Races Foundation plays a crucial role in providing essential medical aid to children who might otherwise struggle to afford necessary treatments.
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Impact
August, 2024
Russvegas Foot Races Foundation's impact is profound in providing funding for the medical expenses of underprivileged children. By making grants to the Arkansas Children's Hospital, this organization plays a crucial role in ensuring that children in need receive necessary medical care. Through the collection of funds from race entry donations and revenue from racing events, Russvegas Foot Races Foundation directly contributes to improving the health and well-being of these vulnerable members of the community.
This information is meant to be a general summary of Russvegas Foot Races 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: $150,043
Assets and Liabilities:
- Total Assets: $26,415
- Total Liabilities: $0
- Net Assets: $26,415
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Organization Details
Founding Year
2013
Phone
(479) 970-4394Principal Officer
Chris Olson
Main Address
308 S Utah, Russellville, AR, 72801
NTEE Category
Code: N99 - Recreation
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