Overview
What is The R Michael Rhoades Foundation?
The R Michael Rhoades Foundation is a charitable organization, identified as a 501(c)(3), located within the realm of philanthropy. Its primary purpose is to provide financial assistance to qualifying beneficiaries that fall under this specific category of nonprofit organizations. Furthermore, the foundation supports these designated 501(c)(3) organizations through various programs it offers. In essence, The R Michael Rhoades Foundation plays a vital role in offering financial aid and backing up the initiatives of these recognized nonprofit entities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
The R Michael Rhoades Foundation has received a 71% rating, indicating a Two-Star status. This score reflects a solid performance in areas such as accountability and finance, with strengths including a fully independent board of members and no material diversion of assets. The organization also has a 68.12% program expense ratio, suggesting that a significant portion of its funds is directed towards its programs.
However, there are notable areas for improvement. The foundation is marked down for missing key governance policies, including conflict of interest and whistleblower policies. Additionally, the absence of its website listed on its tax form and the failure to post its Tax Form on its website are other weaknesses that might affect transparency and accountability in the eyes of potential donors.
Overall, while The R Michael Rhoades Foundation shows commitment to good governance with its independent board structure, the lack of essential policies and transparency measures indicates a need for further development to enhance its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is The R Michael Rhoades Foundation legitimate?
The R Michael Rhoades Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The R Michael Rhoades 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: $36,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The R Michael Rhoades Foundation?
The R Michael Rhoades Foundation's mission is to provide financial aid to eligible 501(c)(3) beneficiaries. This mission is carried out through the foundation's programs, which also involve offering financial support to designated 501(c)(3) organizations. In essence, the foundation serves as a source of financial assistance for these charitable organizations, aiding them in their respective missions.
What is the revenue of The R Michael Rhoades Foundation?
The R Michael Rhoades Foundation's revenue in 2023 was $159,384.
Who are the executives of The R Michael Rhoades Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
Where can I find the form 990 for The R Michael Rhoades Foundation?
The R Michael Rhoades Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The R Michael Rhoades Foundation
The R Michael Rhoades Foundation is committed to providing financial aid to designated 501(c)(3) beneficiaries. This mission is carried out through the organization's programs, which aim to support designated 501(c)(3) organizations financially. In essence, the foundation serves as a source of monetary assistance for these charitable entities, helping them in their noble causes.
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Impact
October, 2024
The R Michael Rhoades Foundation provides financial assistance to designated 501(c)(3) organizations and beneficiaries. Based in Wichita, Kansas, the foundation focuses on supporting specific charitable initiatives through its funding programs. Its mission centers on enhancing the capabilities of these nonprofit entities by enabling them to pursue their objectives more effectively. This financial aid empowers organizations to expand their reach, enhance their services, and ultimately create a significant impact within their communities and areas of focus.
This information is meant to be a general summary of The R Michael Rhoades 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: $99,948
- Gross Receipts: $159,384
Assets and Liabilities:
- Total Assets: $2,911,368
- Total Liabilities: $0
- Net Assets: $2,911,368
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Organization Details
Founding Year
1992
Principal Officer
Richard L Morrow Cpa Cgma
NTEE Category
Code: Z99 - Unknown
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