Overview
What is Columbia Forest Products Foundation Inc?
Columbia Forest Products Foundation Inc, based in Greensboro, North Carolina, is a charitable organization with a mission to aid and support employees of Columbia Forest Products and its affiliates. In the event of emergencies, disasters, or catastrophes, the foundation provides assistance. Additionally, it offers scholarships to the dependents of Columbia Forest Products. Furthermore, the foundation extends its generosity to various charitable, religious, educational, and scientific organizations by providing them with grants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star Rating
The Columbia Forest Products Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting an overall score of 74%. This rating is derived solely from the organization's accountability and finance practices. The foundation demonstrates strong financial management, particularly in its program expense ratio, which stands at an impressive 86.58%. This indicates a significant portion of its resources is directed toward its charitable programs.
However, the foundation faces critical areas for improvement, particularly in governance. It lacks independent board members, scoring 0 out of 10 in that category. Additionally, there are deficiencies regarding transparency, as the nonprofit's website is missing key documents, including the tax form and other financial disclosures that are typically expected in the nonprofit sector.
While the organization has robust policies in place, such as those for conflict of interest and whistleblower protections, the absence of transparency measures could hinder trust among potential donors and stakeholders. Overall, while Columbia Forest Products Foundation Inc performs well in financial operations, enhancing governance and accountability practices will be essential for improving its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Columbia Forest Products Foundation Inc legitimate?
Columbia Forest Products Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Forest Products 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 Columbia Forest Products Foundation Inc?
The Columbia Forest Products Foundation Inc, a charitable organization under Section 501(c)(3) of the Internal Revenue Code, is established to assist and support the employees of Columbia Forest Products and its affiliates. In times of emergencies, disasters, or catastrophes, the foundation provides aid. Additionally, it offers scholarships to the dependents of the company. Furthermore, the foundation extends its support by making charitable, religious, educational, and scientific gifts and grants to various organizations.
Who is the CEO of Columbia Forest Products Foundation Inc?
Steve Shropshire is the President of Columbia Forest Products Foundation Inc.
What is the revenue of Columbia Forest Products Foundation Inc?
Columbia Forest Products Foundation Inc's revenue in 2022 was $494,111.
Who are the executives of Columbia Forest Products Foundation Inc and what are their salaries?
There 207 volunteers at Columbia Forest Products Foundation Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Columbia Forest Products Foundation Inc?
Columbia Forest Products Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Columbia Forest Products Foundation Inc
Columbia Forest Products Foundation, Inc., a charitable organization, is dedicated to assisting and supporting employees of Columbia Forest Products and its affiliates. In the event of emergencies, disasters, or catastrophes, the foundation provides aid to affected employees. Additionally, the foundation offers scholarships to the dependents of Columbia Forest Products employees. Lastly, the foundation extends its generosity by making gifts and grants to various charitable, religious, educational, and scientific organizations. In essence, the mission of Columbia Forest Products Foundation Inc. is to provide support and assistance to its employees during challenging times and contribute to the betterment of the wider community.
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Impact
July, 2024
The Columbia Forest Products Foundation Inc's impact is focused on assisting and supporting employees of Columbia Forest Products, Inc. and its affiliates who are victims of emergencies, disasters, and/or catastrophes. Additionally, the foundation provides scholarships to dependents of Columbia Forest Products employees and makes gifts and grants to charitable, religious, educational, and scientific organizations.
This information is meant to be a general summary of Columbia Forest Products 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,652
- Gross Receipts: $526,827
Assets and Liabilities:
- Total Assets: $1,486,129
- Total Liabilities: $599
- Net Assets: $1,485,530
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Organization Details
Founding Year
2014
Phone
(800) 637-1609Principal Officer
Steve Shropshire
Main Address
7900 MCCLOUD ROAD STE 200, GREENSBORO, NC, 27409
NTEE Category
Code: T30 - Philanthropy
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