Overview
What is Towercares Foundation Inc?
Towercares Foundation Inc is a charitable organization situated in Laurel, Maryland. Their mission is to support children in need and brave individuals, as well as their families, who have made significant sacrifices in the pursuit of protecting our freedom. They achieve this goal through grants and various initiatives. Notably, Towercares organizes an annual golf tournament, with the proceeds in 2022 being donated to Johns Hopkins Children's Center to contribute to pediatric care and research. The foundation is dedicated to making a positive impact on these vulnerable populations.
Official website here: www.towercaresfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Towercares Foundation Inc has received an impressive 100% score from Charity Navigator, earning it a Four-Star rating. This rating reflects the organization's strong accountability and finance practices, showcasing a commitment to transparency and responsible management of funds. The foundation's high rating is attributed entirely to its accountability measures, indicating a focus on ensuring that resources are utilized effectively.
The organization boasts a fully independent board, with 100% of its members meeting this criterion. Additionally, it has demonstrated excellence in financial oversight, with strong scores in areas like financial statements and the absence of material asset diversion. The foundation also has robust policies in place for conflicts of interest, whistleblowing, and document retention, which further enhances its trustee governance.
However, while the financial health indicators, such as a low liabilities to assets ratio and a high program expense ratio of 93.65%, are commendable, the summary does not provide insights into the specific programs or impact of the foundation's work. Overall, Towercares Foundation Inc appears to be a well-managed nonprofit with a strong commitment to financial integrity and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Towercares Foundation Inc legitimate?
Towercares Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Towercares 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.
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Official website here: www.towercaresfoundation.org
What is the mission statement of Towercares Foundation Inc?
The Towercares Foundation Inc's mission is centered around supporting children in need and honoring brave and heroic individuals, along with their families. These individuals have sacrificed for the protection of our freedom. The foundation achieves this mission by providing grants to charities that align with their cause. They also organize annual events, such as golf tournaments, to raise funds for organizations like Johns Hopkins Children's Center, which supports pediatric care and research. In 2022, Towercares donated $60,000 from these events to this organization, contributing to its mission.
Official website here: www.towercaresfoundation.org
Who is the CEO of Towercares Foundation Inc?
Richard Stafford is the President of Towercares Foundation Inc.
Official website here: www.towercaresfoundation.org
What is the revenue of Towercares Foundation Inc?
Towercares Foundation Inc's revenue in 2022 was $906,003.
Official website here: www.towercaresfoundation.org
Who are the executives of Towercares Foundation Inc and what are their salaries?
There 25 volunteers at Towercares Foundation Inc.
Here are 9 key members and their salaries:
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Official website here: www.towercaresfoundation.org
Where can I find the form 990 for Towercares Foundation Inc?
Towercares Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.towercaresfoundation.org
Learn more at the official website: www.towercaresfoundation.org
Mission Statement of Towercares Foundation Inc
TowerCares Foundation, in its mission, is dedicated to supporting children in need and the families of brave and heroic individuals who have sacrificed their well-being while safeguarding our freedom. This nonprofit organization's mission is to extend its support to charities that align with its objectives, focusing on children in need and families of those who have put their lives on the line for our liberties.
To accomplish its mission, TowerCares Foundation organizes annual events, including golf tournaments, to raise funds for charities that align with its objectives. One such beneficiary is Johns Hopkins Children's Center, which receives financial aid to enhance pediatric care and research. In 2022, TowerCares donated a significant amount of proceeds from its annual event, amounting to $60,000, to this organization, demonstrating its commitment to making a tangible impact on the lives of children in need. In doing so, TowerCares Foundation demonstrates its dedication to supporting those who have sacrificed their lives or well-being to protect our freedom, ensuring that their families and the children in their lives also receive the care and support they need.
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Impact
July, 2024
Towercares Foundation Inc's impact is significant in supporting children in need and heroic individuals and their families who have sacrificed while protecting our freedom. Through their grants and annual golf tournament, they have raised funds to benefit charities that align with their mission, such as the Johns Hopkins Children's Center for pediatric care and research. In 2022, Towercares donated $60,000 to this organization, making a tangible difference in the lives of those they support. Their dedication to philanthropy shines through in their efforts to make a positive impact on the community.
This information is meant to be a general summary of Towercares 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: $3,774
- Gross Receipts: $920,918
Assets and Liabilities:
- Total Assets: $1,127,836
- Total Liabilities: $2,310
- Net Assets: $1,125,526
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Organization Details
Founding Year
2015
Phone
(301) 497-7041Principal Officer
Richard Stafford
Main Address
7901 SANDY SPRING ROAD 4TH FLOOR, LAUREL, MD, 207073589
Website
www.towercaresfoundation.orgNTEE Category
Code: T70 - Philanthropy
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