Overview
What is Ft5K?
Ft5K is a nonprofit organization that operates in Houston, Texas, with a focus on enhancing the lives of individuals in their community and beyond. Their mission involves collaborating with local charities, ministries, and other nonprofit organizations to pool resources and improve community quality of life. Specifically, they engage in feeding families in the Houston area, offering support and assistance to victims of human trafficking, and contributing to the construction of orphanages and the installation of water wells in developing nations. This multifaceted approach allows Ft5K to address various social issues and contribute to global welfare.
Official website here: www.ft5k.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Ft5K has received a rating of 76%, which translates to a Three-Star rating on Charity Navigator. This score is determined solely from their Accountability & Finance metrics. The organization demonstrates strong financial practices, particularly with a 99.99% ratio in program expenses, indicating that almost all revenue is directed towards its programs rather than administrative costs.
The organization excels in several areas of accountability, featuring a fully independent board and no material diversion of assets. However, it falls short in a few key governance aspects, notably lacking a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These omissions may raise concerns about the organization's commitment to transparency and ethical governance.
Overall, while Ft5K shows commendable financial stewardship and a dedicated board, addressing the noted governance gaps could enhance its credibility and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ft5K legitimate?
Ft5K is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ft5K 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
Official website here: www.ft5k.org
What is the mission statement of Ft5K?
Ft5K's mission involves collaborating with local charities, ministries, and other nonprofit organizations to enhance the quality of life in various communities. This is achieved by engaging in several initiatives. For instance, they provide food aid to families in the Houston area. Moreover, they offer support and assistance to victims of human trafficking. Additionally, Ft5K extends its reach beyond local communities by constructing orphanages and installing water wells in developing countries. Their objective is to improve living conditions globally, fostering a sense of unity and compassion among people.
Official website here: www.ft5k.org
Who is the CEO of Ft5K?
Mike Thakur is the Director of Ft5K.
Official website here: www.ft5k.org
What is the revenue of Ft5K?
Ft5K's revenue in 2022 was $1,048,097.
Official website here: www.ft5k.org
Who are the executives of Ft5K and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ft5k.org
Where can I find the form 990 for Ft5K?
Ft5K's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ft5k.org
Learn more at the official website: www.ft5k.org
Mission Statement of Ft5K
Ft5K, a nonprofit organization, collaborates with local charities, ministries, and other nonprofit entities to collectively enhance the living standards in their communities. One of their significant initiatives involves providing nourishment to families residing in the Houston area. Beyond this, Ft5K extends support and aid to victims who have fallen prey to human trafficking. Furthermore, this organization is active in constructing orphanages and installing water wells in underdeveloped nations. By engaging in these activities, Ft5K seeks to uplift the quality of life in various communities worldwide.
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Impact
July, 2024
Ft5K's impact is significant as it directly contributes to improving the quality of life in communities. Through partnerships with local charities, ministries, and other organizations, Ft5K feeds families in the Houston area, provides support and assistance to victims of human trafficking, and helps build orphanages and water wells in developing nations. These efforts have a tangible and positive impact on individuals and communities by addressing crucial needs such as food security, protection for vulnerable populations, and access to essential resources like clean water.
This information is meant to be a general summary of Ft5K. 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: $1,048,097
Assets and Liabilities:
- Total Assets: $864,172
- Total Liabilities: $0
- Net Assets: $864,172
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Organization Details
Founding Year
2014
Phone
(832) 823-3495Principal Officer
Mike Thakur
Main Address
118 VINTAGE PARK BLVD SUITE W, HOUSTON, TX, 77070
Website
www.ft5k.orgNTEE Category
Code: X20 - Religion related
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