Overview
What is William And Ruth Scott Family Foundation?
The William And Ruth Scott Family Foundation is a philanthropic organization that supports the initiatives of the Omaha Community Foundation and the Nebraska Children and Families Foundation. By contributing to these organizations, the William And Ruth Scott Family Foundation helps advance their respective missions. The Omaha Community Foundation focuses on improving the quality of life in the Omaha community through various programs and grants. The Nebraska Children and Families Foundation is dedicated to enhancing the well-being of children and families across Nebraska via advocacy, education, and partnerships.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The William And Ruth Scott Family Foundation has received an overall rating of 88%, which reflects a strong emphasis on accountability and financial management. This score is derived entirely from its accountability and finance metrics, indicating that the foundation is well-managed in these areas. Notably, the foundation boasts a fully independent board, with 100% of its members meeting this criterion, showcasing a robust governance structure.
The foundation excels in several key financial indicators, including a program expense ratio of 99.92%, which suggests that almost all of its resources are directed towards its programs rather than administrative costs. Additionally, the organization maintains a low liabilities to assets ratio of just 0.49%, indicating strong financial health. The foundation has also implemented thorough policies regarding conflicts of interest, audits, and document retention, demonstrating a commitment to transparency and ethical management.
However, while the foundation's fundraising efficiency ratio is low at $0.002, this may point to challenges in generating funds relative to its expenses. Overall, the William And Ruth Scott Family Foundation appears to be a well-run organization with a solid reputation in accountability, though its fundraising efforts may require further attention.
This AI summary has been generated from information found on Charity Navigator.
Is William And Ruth Scott Family Foundation legitimate?
William And Ruth Scott Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. William And Ruth Scott Family 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 William And Ruth Scott Family Foundation?
The William and Ruth Scott Family Foundation focuses on assisting the missions of two organizations: the Omaha Community Foundation and the Nebraska Children and Families Foundation. By providing support, the foundation contributes to the ongoing efforts of these organizations. The Omaha Community Foundation's mission is not explicitly stated in the provided information, but it can be inferred that the foundation's goal is to advance its mission through the partnership. The Nebraska Children and Families Foundation's mission is to improve the lives of children and families in Nebraska by investing in programs and services that promote their well-being and long-term success. The William and Ruth Scott Family Foundation's role is to facilitate this work and further their mission through its commitment to both organizations.
Who is the CEO of William And Ruth Scott Family Foundation?
John Levy is the President of William And Ruth Scott Family Foundation.
What is the revenue of William And Ruth Scott Family Foundation?
William And Ruth Scott Family Foundation's revenue in 2022 was $56,411,375.
Who are the executives of William And Ruth Scott Family Foundation and what are their salaries?
Here are 11 key members and their salaries:
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- Related: $220,506
- Other: $38,306
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Where can I find the form 990 for William And Ruth Scott Family Foundation?
William And Ruth Scott Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of William And Ruth Scott Family Foundation
The William and Ruth Scott Family Foundation is a philanthropic organization committed to backing the missions of the Omaha Community Foundation and the Nebraska Children and Families Foundation. In simple terms, this foundation plays a pivotal role in strengthening the efforts of these two foundations in their respective areas of expertise.
More specifically, the William and Ruth Scott Family Foundation's primary objective is to support the Omaha Community Foundation's mission. This involves providing financial assistance and resources to help the foundation carry out its work effectively. The Omaha Community Foundation focuses on enhancing the quality of life for Omaha's residents by connecting donors with causes that matter. They work towards addressing various social issues, such as education, health, and human services, among others. With the William and Ruth Scott Family Foundation's backing, their impact on the community is significantly amplified.
Simultaneously, the William and Ruth Scott Family Foundation extends its support to the Nebraska Children and Families Foundation's mission. The Nebraska Children and Families Foundation strives to ensure the well-being of children and families across the state. Their efforts are directed towards improving access to healthcare services, enhancing the educational system, and advocating for policies that positively impact families. With the William and Ruth Scott Family Foundation's assistance, they are able to expand their reach and provide essential services to more individuals in need.
Together, these three foundations form a powerful alliance, working towards the betterment of their communities. The William and Ruth Scott Family Foundation's unwavering commitment to supporting the missions of the Omaha Community Foundation and the Nebraska Children and Families Foundation contributes significantly to their collective impact.
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Impact
October, 2024
The William And Ruth Scott Family Foundation significantly impacts the Omaha community and the broader Nebraska region by championing initiatives aimed at enhancing the welfare of children and families. By supporting the missions of both the Omaha Community Foundation and the Nebraska Children and Families Foundation, the foundation plays a crucial role in fostering positive change through philanthropy. Its efforts help address critical community needs, promote social development, and improve the quality of life for many residents, thereby contributing to a stronger, healthier community in Omaha and beyond.
This information is meant to be a general summary of William And Ruth Scott Family 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: $11,107,448
- Gross Receipts: $75,226,505
Assets and Liabilities:
- Total Assets: $158,918,491
- Total Liabilities: $782,061
- Net Assets: $158,136,430
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Organization Details
Founding Year
1998
Phone
(402) 342-3458Principal Officer
John Levy
Main Address
1120 S 101 St 320, Omaha, NE, 68124
NTEE Category
Code: T99 - Philanthropy
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