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Kiwanis Club Of Gadsden Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471568301 ✦ Gadsden, AL ✦ Designated as a 501(c)(3)

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Overview

What is Kiwanis Club Of Gadsden Foundation Inc?

The Kiwanis Club of Gadsden Foundation Inc, located at 752 Chestnut Street, Gadsden, Alabama, is a nonprofit organization that actively supports and champions the goals of the Kiwanis Club and their affiliated youth organizations. Their endeavors primarily involve providing financial aid to various local non-profit entities, offering academic scholarships to deserving high school students, and organizing community events, such as the annual Christmas parade for local children. Furthermore, they extend their generosity to indigent children during the holiday season by providing them with gifts. Overall, the Kiwanis Club of Gadsden Foundation Inc contributes to the well-being and growth of both the youth and the community in Gadsden, Alabama.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73% (Two-Star out of Four Star rating)

The Kiwanis Club of Gadsden Foundation Inc has received a score of 73%, indicating a Two-Star rating. This score reflects the organization's performance in accountability and finance. The foundation shows strong governance with an entirely independent board and no material diversion of assets, highlighting its commitment to responsible management.

While the organization excels in several areas, such as having a high program expense ratio of 98.41%, it falls short in several key policies. Specifically, it lacks a conflict of interest policy, a whistleblower policy, and a documented retention and destruction policy, which are important for transparency and ethical governance.

Overall, although the Kiwanis Club of Gadsden Foundation Inc demonstrates considerable strengths in financial management and board independence, the absence of certain governance policies may present challenges to its overall accountability and transparency. Addressing these gaps could enhance the foundation's credibility and effectiveness in its charitable mission.


This AI summary has been generated from information found on Charity Navigator.

Is Kiwanis Club Of Gadsden Foundation Inc legitimate?

Kiwanis Club Of Gadsden Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kiwanis Club Of Gadsden 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

For more financial information, click here

What is the mission statement of Kiwanis Club Of Gadsden Foundation Inc?

The Kiwanis Club of Gadsden Foundation Inc's mission is centered around supporting and advocating for the objectives of the Kiwanis Club and their affiliated youth organizations. They aim to accomplish this by providing financial aid, fostering, promoting, and encouraging various related activities. The foundation has demonstrated its commitment by extending financial assistance to over eleven local non-profit organizations, offering academic scholarships to deserving high school students, organizing a Christmas parade for local children, and providing financial support for holiday gifts for indigent children.

Who is the CEO of Kiwanis Club Of Gadsden Foundation Inc?

Lesa Osborn is the Past President of Kiwanis Club Of Gadsden Foundation Inc.

What is the revenue of Kiwanis Club Of Gadsden Foundation Inc?

Kiwanis Club Of Gadsden Foundation Inc's revenue in 2022 was $42,375.

Who are the executives of Kiwanis Club Of Gadsden Foundation Inc and what are their salaries?


Here are 6 key members and their salaries:


Mark Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Griffith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Sullivan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lesa Osborn (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Morgan Cunningham (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Sewell (Secretarytreasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Kiwanis Club Of Gadsden Foundation Inc?

Kiwanis Club Of Gadsden Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Kiwanis Club Of Gadsden Foundation Inc

The Kiwanis Club of Gadsden Foundation Inc is committed to advancing the goals and objectives of the Kiwanis Club and its sponsored youth organizations. This nonprofit organization actively seeks to support, promote, encourage, and financially contribute to various initiatives aligned with these objectives and related activities. Beyond just financial aid, the Foundation has also extended its support to local non-profit organizations by providing them with much-needed assistance.

In addition to this, the Kiwanis Club of Gadsden Foundation Inc has played a significant role in the educational sector by offering academic scholarships to deserving high school students in the local community. Furthermore, the organization has demonstrated its commitment to the well-being of children during the holiday season by providing indigent children with thoughtful gifts and organizing a Christmas parade for local children. These initiatives underscore the Kiwanis Club of Gadsden Foundation Inc's dedication to fostering a positive and supportive environment for youth and the wider community.

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Impact




August, 2024

The Kiwanis Club Of Gadsden Foundation Inc has made a significant impact on the local community by providing financial assistance to over 11 local nonprofit organizations, awarding 14 academic scholarships to deserving high school students, organizing and managing a Christmas parade for local children, and supporting holiday gifts for indigent children. Through these efforts, the foundation has demonstrated a commitment to community improvement and the well-being of youth in Gadsden, Alabama.




This information is meant to be a general summary of Kiwanis Club Of Gadsden 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.

Revenue
$42,375 (2022)
Expenses
$26,409 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,956
  • Program Service Revenue: $205
  • Gross Receipts: $42,375

Assets and Liabilities:

  • Total Assets: $137,385
  • Total Liabilities: $0
  • Net Assets: $137,385

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Christmas Parade

Revenue

$25

Builders KKids Dues

Revenue

$180

Organization Details

Founding Year

2014

Principal Officer

Lesa Osborn

Main Address

752 Chestnut Street, Gadsden, AL, 35901

NTEE Category

Code: S80 - Community improvement

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