Overview
What is The Fuqua Foundation?
The Fuqua Foundation is a charitable organization situated in Charleston, Illinois. Its primary function involves distributing its annual income to three 501(C)(3) organizations, with 33% allocated to Lake Land College Foundation for student scholarships, 33% to the Mattoon Citadel of the Salvation Army for charitable purposes in Mattoon, and the remaining 34% to Catholic Charities of Coles, Douglas, and Edgar Counties, for use within its service region. This foundation's mission is to support these organizations financially, contributing to various causes such as education, social welfare, and community services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. This score indicates a solid performance in accountability and finance for The Fuqua Foundation. The charity's score is derived solely from its accountability and finance metrics, reflecting a commendable commitment to maintaining high financial standards.
One of the organization's strengths is its governance structure, with a fully independent board of directors, which enhances transparency and accountability. The foundation has a strong program expense ratio of 94.58%, indicating that a significant portion of its resources is directed towards its mission-related activities. Additionally, the absence of material diversion of assets further reinforces the organization's integrity and trustworthiness.
However, while the foundation has achieved a respectable score, it is important to note that it is based entirely on financial accountability without metrics for impact or effectiveness in programming. This limitation could suggest that while the financial health is strong, further insights into the outcomes and effectiveness of its programs would provide a more comprehensive view of the charity's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is The Fuqua Foundation legitimate?
The Fuqua Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Fuqua 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 The Fuqua Foundation?
The Fuqua Foundation distributes a significant portion of its annual income to various 501(C)(3) organizations for charitable purposes. Approximately one-third of its funds are allocated to Lake Land College Foundation for student scholarships, another third is directed towards the Mattoon Citadel of the Salvation Army for charitable endeavors in Mattoon, and the remaining 34% is given to Catholic Charities of Coles, Douglas, and Edgar Counties for charitable initiatives within their service region. The foundation's role primarily revolves around financial support to these organizations, aiming to contribute positively to their respective causes.
Who is the CEO of The Fuqua Foundation?
Michael J Metzger is the Director of The Fuqua Foundation.
What is the revenue of The Fuqua Foundation?
The Fuqua Foundation's revenue in 2023 was $68,755.
Who are the executives of The Fuqua Foundation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $29,219
- Other: $18,025
- Compensation: $0
- Related: $31,978
- Other: $1,629
- Compensation: $0
- Related: $18,462
- Other: $3,899
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Fuqua Foundation?
The Fuqua Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Fuqua Foundation
The Fuqua Foundation is an organization that dedicates its annual income to various 501(C)(3) charities. A significant portion of its funds, approximately one-third, is allocated to the Lake Land College Foundation for student scholarships. This support aims to help students at Lake Land Community College in Mattoon, Illinois, pursue their education.
Furthermore, The Fuqua Foundation contributes an equal portion to The Mattoon Citadel of The Salvation Army. This contribution is earmarked for charitable purposes within Mattoon, Illinois. The foundation's generosity also extends to Catholic Charities of Coles, Douglas, and Edgar Counties. This organization receives 34% of The Fuqua Foundation's annual income, which is meant for charitable purposes within its service region. In summary, The Fuqua Foundation supports educational opportunities, as well as charitable initiatives, through its annual income distribution to selected 501(C)(3) organizations.
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Impact
October, 2024
The Fuqua Foundation plays a significant role in enhancing community welfare through its annual income distribution. It allocates 33% of its funds to the Lake Land College Foundation, providing crucial scholarships for students at Lake Land Community College in Mattoon, Illinois. This support facilitates access to education, empowering individuals to pursue their academic and career goals.
Additionally, the foundation directs another 33% of its resources to the Mattoon Citadel of the Salvation Army, ensuring that charitable programs in Mattoon are well-funded and able to address local needs. This partnership helps alleviate poverty and supports those facing difficulties in the area.
The remaining 34% goes to Catholic Charities of Coles, Douglas, and Edgar Counties, which extends its charitable efforts throughout these regions. This funding enables the organization to offer essential services and support to families and individuals in need. Overall, the foundation's impact is felt in education, local charitable services, and community support, making a profound difference in the lives of many individuals and families.
This information is meant to be a general summary of The Fuqua 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 2023.
- Investment Income: $68,755
- Gross Receipts: $281,642
Assets and Liabilities:
- Total Assets: $1,999,918
- Total Liabilities: $0
- Net Assets: $1,999,918
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Organization Details
Founding Year
2014
Phone
(217) 345-2128Principal Officer
Michael J Metzger
Main Address
6029 PARK DRIVE SUITE A, CHARLESTON, IL, 61920
NTEE Category
Code: P99 - Human services
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