Overview
What is Frg Family Fund Inc?
Frg Family Fund Inc, located in Independence, Ohio, serves as a nonprofit organization that offers financial assistance to employees of the Flynn Restaurant Group. These employees may be dealing with unforeseen personal crises or tragedies, such as illnesses or family losses, for which they lack adequate resources. The fund provides grants, averaging $1,402 per individual, to aid in managing these challenging circumstances. The primary mission of Frg Family Fund Inc is to provide a safety net for its employees, ensuring they receive the necessary support during times of hardship.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
The Frg Family Fund Inc has received a Two-Star rating due to its overall score of 71%, which is based solely on its Accountability & Finance metrics. This rating signifies that while the organization has some positive attributes, there are likely areas for improvement in their overall operational effectiveness.
Strengths of the organization include a fully independent board, with all eight members being independent, and a solid accountability framework evidenced by a comprehensive conflict of interest policy. Additionally, the organization shows a strong commitment to its mission with a program expense ratio of 100%, indicating all funds are directed towards programmatic activities.
However, despite these positive aspects, the overall score reflects a need for improvement in other operational areas. While the accountability factors are strong, the absence of a broader rating beyond finance means potential weaknesses in areas such as service delivery and impact measurement may exist.
This AI summary has been generated from information found on Charity Navigator.
Is Frg Family Fund Inc legitimate?
Frg Family Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frg Family Fund 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 Frg Family Fund Inc?
The Flynn Family Fund's mission is centered around providing financial aid to employees of the Flynn Restaurant Group who encounter unexpected personal hardships or crises. These situations may include events such as family deaths, illnesses, or other financial struggles where the individuals lack sufficient resources to cope. The fund's primary objective is to offer financial assistance in these times of need, thereby alleviating some of the financial burden and providing a helping hand to those in need within the organization. To date, the fund has provided aid to 803 individuals, with an average grant amount of $1,402 per recipient.
Who is the CEO of Frg Family Fund Inc?
Ronald Igarashi is the President & Ceo of Frg Family Fund Inc. The CEO's salary of Frg Family Fund Inc is $0 and their total compensation is $0.
What is the revenue of Frg Family Fund Inc?
Frg Family Fund Inc's revenue in 2022 was $1,133,306.
Who are the executives of Frg Family Fund Inc and what are their salaries?
There 20 volunteers at Frg Family Fund Inc.
Here are 5 key members and their salaries (Frg Family Fund Inc's CEO's salary is $0 and their total compensation is $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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Frg Family Fund Inc?
Frg Family Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Frg Family Fund Inc
Frg Family Fund Inc, a nonprofit organization, is dedicated to providing financial aid to employees of the Flynn Restaurant Group who encounter unexpected personal crises or tragedies. Due to unforeseen circumstances such as the death of a family member, illness, or other hardships, these individuals may lack sufficient resources to cope. Recognizing this need, Frg Family Fund Inc steps in to offer financial assistance. In the past, the fund has granted aid to 803 individuals, providing each with an average grant of $1,402. This support helps these employees navigate through challenging times, ensuring they can maintain their well-being and stability.
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Impact
July, 2024
The impact of Frg Family Fund Inc is significant, as it provides crucial financial assistance to employees of the Flynn Restaurant Group during times of personal crisis or tragedy. By offering grants to individuals who lack sufficient funds to cope with unforeseen hardships such as deaths in the family, illnesses, or other difficulties, the organization has positively affected the lives of 803 recipients. The average grant amount of $1,402 per individual reflects the tangible support and relief provided by the fund. Through its mission to support the well-being of employees facing challenging circumstances, Frg Family Fund Inc plays a vital role in ensuring the welfare of its community members.
This information is meant to be a general summary of Frg Family Fund 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.
- Gross Receipts: $1,133,306
Assets and Liabilities:
- Total Assets: $71,408
- Total Liabilities: $10,638
- Net Assets: $60,770
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Organization Details
Founding Year
2014
Phone
(216) 525-2775Principal Officer
Ronald Igarashi
Main Address
6200 Oak Tree Blvd Suite 250, Independence, OH, 441316943
NTEE Category
Code: P12 - Human services
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